Baker Institute Experts: Asia, Not US, Will Shape Energy Demand for the Foreseeable Future
HOUSTON – In the wake of the shale revolution, the United States is well on its way to becoming the world’s top oil and gas producer and a major exporter of both products. However, the U.S. will play "second fiddle" to the developing world, especially Asia, which will shape energy demand for the foreseeable future, according to experts in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. Anna Mikulska, a nonresident fellow in energy studies at the Baker...
Petroteq Unveils Asphalt Ridge Oil Extraction Facility, Initiates Production
Studio City, California - Petroteq Energy Inc. (TSXV: PQE) (OTC Pink: PQEFF) (FSE: PQCF) ("Petroteq" or the "Company"), a company focused on the development and implementation of proprietary technologies for the energy industry, announced the successful unveiling of its environmentally friendly heavy oil processing and extraction plant located at the Asphalt Ridge in Uintah Basin, Utah. Management of Petroteq took the opportunity of this media day to initiate production at the plant. Members...
IEA Report: Growing Non-OPEC Supply May Shelve Sharp Oil Price Spikes
In the latest Oil Market Report update issued by the International Energy Agency on June 14, global oil prices are "unlikely to increase as sharply as they did" from mid-2017 onwards due to growth in oil supplies from nations that are not members of the Organization for Petroleum Exporting Countries or "OPEC." "As far as supply is concerned, we have revised upwards our estimate for 2018 non-OPEC production growth to 2 million barrels per day (b/d) and in 2019 we will also see bumper growth, a...
EU Reinforces Position at the Forefront of Global Energy Transformation, Says IRENA
Abu Dhabi, UAE — Adnan Z. Amin, Director-General of the International Renewable Energy Agency (IRENA) has welcomed the European Union’s (EU) decision to increase its renewable energy target from 27 per cent to 32 per cent by 2030, highlighting that the move reinforces the EU’s position at the forefront of energy transformation and reflects the new economics of renewable energy. Responding to the announcement made by the European Commission today, Mr. Amin said: “The EU’s decision to increase...
EIA Releases June's U.S. Short-Term Energy Forecast
The U.S. Energy Information Administration released its Short-Term Energy Outlook (STEO) on Tuesday, June 12, 2018. The full STEO can be downloaded at: http://www.eia.gov/forecasts/steo/ Forecast Highlights Global Liquid Fuels Brent crude oil spot prices averaged $77 per barrel (b) in May, an increase of $5/b from the April level and the highest monthly average price since November 2014. EIA forecasts Brent spot prices will average $71/b in 2018 and $68/b in 2...
Dutch ASML Realizes New hydropower Plant in Norway
11 June 2018 Oslo – Yet another European corporation, this time ASML - the Dutch technology company, has made the construction of a new renewable power plant possible. Sandvik, a small hydropower plant on the west coast of Norway, is now generating electricity and supplying clean power to the grid. ASML provided crucial top-financing to the building of Sandvik through a high impact renewable energy product called ECOHZ GO2. GO2 combines the purchase of documented renewable power with the financi...
Orbit Energy Ltd and Shell Energy Europe Ltd Announce Five-Year Agreement
Orbit Energy Ltd, an exciting new entrant to the Great Britain (GB) electricity and gas market, has agreed to an exclusive five-year deal with Shell Energy Europe Ltd for the supply of its power, gas and environmental products. This agreement allows Orbit Energy to hedge its commodity risk and secure competitive energy prices for its customers, enabling accelerated growth in 2018. "Adding Shell Energy Europe as our strategic trading partner allows us to provide stable prices and peace of m...
Petroteq Acquires Additional Acreage Adjacent to Its Asphalt Ridge Location Contingent Resource Increased 8.5% to 93.4 Million Barrels
Studio City, Califronia - (Newsfile Corp. - June 7, 2018) - Petroteq Energy Inc. (TSXV: PQE) (OTC Pink: PQEFF) (FSE: PQCF) ("Petroteq" or the "Company"), a company focused on the development and implementation of proprietary technologies for the energy industry, is pleased to announce that it has acquired additional acreage in the resource rich Uintah Basin. The Company has finalized the acquisition at auction of a 100% interest in two leases for 1,312 acres of land within the Asphalt Ridge,...
Highview Power Launches the World’s First Grid-Scale Liquid Air Energy Storage Plant
LONDON – June 5, 2018 – Highview Power, a leader in true long duration energy storage solutions, announced today that the world’s first grid-scale liquid air energy storage (LAES) plant has been officially launched. The 5 MW/15 MWh LAES plant that is located near Manchester, United Kingdom, is the first operational facility using LAES technology at grid scale. "The global energy storage market will grow to a cumulative 125 GW/305 GWh by 2030, attracting $103 billion in investment over this pe...
Renewable Energy - Transformation is Picking Up Speed in the Power Sector, but Urgent Action is Required in Heating, Cooling and Transport
Renewable power accounted for 70% of net additions to global power generating capacity in 2017, the largest increase in renewable power capacity in modern history, according to REN21’s Renewables 2018 Global Status Report (GSR). But the heating, cooling and transport sectors – which together account for about four-fifths of global final energy demand – continue to lag far behind the power sector. The GSR, published today, is the most comprehensive annual overview of the state of renewable ene...
Video: New Roundabout Under Construction at McIver and Old Florence Roads in Darlington County
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