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Month: July 2018

Category:
  • Oil Supply
  • Saudi Arabia

Saudi retreat on oil IPO highlights dearth of reliable information on world oil reserves

Since late 2016 the financial media has been abuzz about what would likely be the biggest initial public offering (IPO) ever: The sale of 5 percent of the world’s largest Continue Reading

Posted On : 30 Jul 2018 Published By : Tom Whipple
Category:
  • Saudi Arabia

Aramco’s Next Plan To Raise Billions Of Dollars

The Aramco IPO may now be history, put on indefinite hold several weeks ago, but Saudi Arabia’s funding needs have never been greater. As a result, 32-year-old Crown Prince Mohammed Continue Reading

Posted On : 30 Jul 2018 Published By : Tom Whipple
Category:
  • Saudi Arabia

Bypassing The World’s Key Oil Chokepoints

The suspension of oil shipments through the strait of Bab el-Mandeb this week by Saudi Arabia, coming shortly after a threat by Iran to shut the strait of Hormuz, raised Continue Reading

Posted On : 30 Jul 2018 Published By : Tom Whipple
Category:
  • Energy Storage
  • USA

The $3 Billion Plan to Turn Hoover Dam Into a Giant Battery

Hoover Dam was a public works project likened to the pyramids. Now, after channeling a river, what if it could tap the power of the sun and wind? Hoover Dam Continue Reading

Posted On : 30 Jul 2018 Published By : Tom Whipple
Category:
  • Shale Oil

Coke, Meth And Booze: The Flip Side Of The Permian Oil Boom

The fastest-growing oil region in the U.S. is fueling not only the second American shale revolution—it’s fueling a subculture of drug and alcohol abuse among oil field workers. The Permian Continue Reading

Posted On : 30 Jul 2018 Published By : Tom Whipple
Category:
  • Shale Oil

Profitability Is Finally Within Reach For U.S. Shale

“Higher prices and operational improvements are putting the US shale sector on track to achieve positive free cash flow in 2018 for the first time ever,” the International Energy Agency Continue Reading

Posted On : 30 Jul 2018 Published By : Tom Whipple
Category:
  • Shale Oil

How BP found shale profits with ‘crystal ball’ oilfield technology

In the pine forests of eastern Texas, oilfield workers equipped with virtual-reality goggles are helping BP’s ( BP.L ) shale business turn a profit for the first time.  Thousands of Continue Reading

Posted On : 30 Jul 2018 Published By : Tom Whipple
Category:
  • Climate
  • Europe

EU energy chief pushes for tougher emissions targets

The EU’s energy chief is pushing for member states to adopt a more aggressive carbon reduction target ahead of UN climate talks later this year. The EU already has some Continue Reading

Posted On : 30 Jul 2018 Published By : Tom Whipple
Category:
  • Europe
  • Renewables

Are Europe’s Renewable Goals Too Ambitious?

Wind energy in Europe is expanding, but it is not expanding evenly across the continent, a new report from Wind Europe has revealed. During the first half of the year, Continue Reading

Posted On : 30 Jul 2018 Published By : Tom Whipple
Category:
  • Ireland

Ireland Spurns Fossil Fuel Investments

Ireland has decided to bring down the curtain on the Age of Coal by ending its fossil fuel investments. DUBLIN, 25 July, 2018 – Other countries talk about it, Ireland Continue Reading

Posted On : 30 Jul 2018 Published By : Tom Whipple

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