Australia should be leading the energy transition. But is it missing out? Russell
Australia's abundance of minerals and renewable energy, stability of government, and proximity to Asia's growing markets makes it a country that is well-positioned to benefit from the energy transition. The mood was a bit downbeat this week at the International Mining and Resources Conference in Sydney…
Australia should be leading the energy transition. But is it missing out? Russell
Australia's abundance of minerals and renewable energy, stability of government, and proximity to Asia's growing markets makes it a country that is well-positioned to benefit from the energy transition. The mood was a bit downbeat this week at the International Mining and Resources Conference in Sydney…
Golar Power Wins Brazil Plant Gig
Golar LNG, a liquefied natural gas shipping company registered in Bermuda, said that its joint venture with Stonepeak Infrastructure Partners, Golar Power Limited has been awarded a 25 year power purchase agreement (PPA) for the construction of…
Offshore Wind – A Brief History
Happy 80th birthday Maritime Reporter & Engineering News! Eighty years is a significant publishing and business accomplishment!Birthdays always cause a look back. An 80-year review starts in 1939, the close of one very challenging decade, the start of events still reverberating today.
Vestas Unveils New Wind Power Platform
Danish wind power company Vestas presented a new platform on Thursday it says will enable customers to produce cheaper energy through turbines tailored for different wind conditions and locations.The move is a response to a more competitive industry…
For Big Oil, Reserve Size Matters Less Than Ever
Oil and gas reserves life falls below 12 years, lowest level in at least 20 years. A decade ago, the news that the world's top oil and gas companies had less than 12 years of production left in their reserves might have caused a panicked sell-off in their shares.
Crumbling Refinery Profits Threaten OPEC-led Crude Rally
Crude oil rally hit refining profits; as crude stocks dropped, refined product stocks grew. The recent OPEC-led rally in crude prices is hitting refinery profits hard, flashing warning signs over oil's bull run. A wave of refinery maintenance scheduled in spring could also put downward pressure on crude…
New Renewable Energy Retailer in Australian Market
A new energy retailer is entering the Australian market and pioneering a groundbreaking business model. It will empower consumers to reduce their power usage and potentially use more renewable energy. The Australian Renewable Energy Agency (ARENA)…
Some U.S. Fund Managers Still Bet on Oil
Mutual fund managers who believed the slump in oil prices would be short-lived have been taking it on the chin, but some are not giving up, betting that the market will bounce back and they will have the last laugh. The FPA Capital Fund, the Towle…
Burned by Oil, Some US Fund Managers Still Bet on Rebound
Mutual fund managers who believed the slump in oil prices would be short-lived have been taking it on the chin, but some are not giving up, betting that the market will bounce back and they will have the last laugh. The FPA Capital Fund, the Towle…
Smart Grids: EU's Shale Gas?
Smart grids can reduce infrastructure needs by 30 pct. Smart appliances will turn on and off as prices move. BRUSSELS, April 1 (Reuters) - Smart grids balancing intermittent solar and wind energy with flexible power demand could do for Europe what shale gas has done for the United States…
U.S. Businesses Brace for Oil Downturn
Oil and gas production is fundamental to the U.S. economy. The sharp downturn in prices will have a negative impact on business investment in the short term before the positive impact on consumer spending takes over further down the line. Oil and…
Kemp: Oil Producers' Under-Appreciated Role in U.S. Economy
The eight states at the heart of the American shale oil revolution all grew faster than the U.S. national average over the last decade, according to the U.S. Bureau of Economic Analysis (BEA), underscoring the importance of oil production to the U.S. economy.
OPEC Inaction Sends Brent to Four-Year Low
Brent Crude off 4 year low, but set for 15 pct Nov drop. Brent crude fell to a fresh four-year low on Friday, sending oil-related shares and currencies lower, after OPEC decided against cutting output despite a supply glut. With markets in the United States due to reopen following Thursday's holiday…
Cheaper Energy Cut Canadian Industrial Prices
Canada's industrial prices and raw material prices fell in July from June, in both cases because of cheaper energy, according to Statistics Canada data released on Friday. The Industrial Product Price Index fell by 0.3 percent, versus the median 0.2 percent forecast in a Reuters survey of analysts…
Obama’s Energy Strategy Doesn’t Go Far Enough
Announcing its “All-of-the-Above” energy strategy today, the Obama Administration rightfully celebrates the United States’ new position as the largest global producer of energy but fails to acknowledge Federal actions that could bring even more resources to market.…
