June 2017

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Is This Exxon’s Secret Weapon Against Electric Cars?

Every now and then, an oil supermajor comes up with what they tout as a breakthrough in scientific research of renewable energy sources. This month, it was ExxonMobil’s turn to report a breakthrough in advanced biofuels. Exxon said that it had found a way to make algae ‘fatter’, and those algae could become part of the (distant) future energy mix, could cut carbon dioxide emissions, and would not compete with food crops like other biofuel sources. Exxon and Synthetic Genomics have been partners since 2009 in researching and developing…


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How Pipeline Contracts Are Crushing Some Producers

The contract model for oil pipeline space has some North American producers locked into high per-barrel transportation rates, while others benefit from steep discounts pedaled in bearish markets, a new report by Reuters says. Traditionally, producers that sign a long-term contract with a major pipeline company, such as Plains All American or TransCanada Corp, receive a generous discount for their commitment. The pipeline company can then utilize said receivables as collateral to secure funding for new routes, creating a cycle of asset growth.…


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Is BP Shifting Its Focus To Natural Gas?

Trinidad, Senegal, Egypt efforts bear fruit BP announced highlights of its Q2 2017 exploration activities today, collecting the results of several different projects. Four discoveries representing 17+ Tcf of gas BP reports that it has made four gas discoveries so far in 2017. Two separate discoveries were made near Trinidad and Tobago. The Savannah exploration well was drilled into an untested fault block in 500 feet of water, and encountered about 650 feet of net pay. The strong results from this well mean BP expects to develop the fault block…


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Largest EV Charging Network Just Landed A Huge Deal With GE

The world’s leading electric vehicle charging station company has taken more strides forward in the past week. ChargePoint is acquiring GE’s network of 9,800 charging spots, with more than 1,800 commercial and about 8,000 residential charging spots being added to ChargePoint’s offerings. It covers GE’s network of commercial WattStations and residential DuraStations. GE had made its network, especially WattStation charging ports, memorable to those looking for more EV public charging stations with a bit of style. It’s…


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Corpus Christi Set To Become The Next Oil Export Hotspot

The Gulf Coast has long been one of the key avenues for importing oil to the U.S.So you might think the Anne – a 120-yard long oil ship – steaming into the port in Corpus Christi, Texas, in late May was nothing new. After all, crude-carrying ships come there from all over the world, full of oil, to supply U.S. refineries. But the Anne was different… For one, it was the first time a VLCC – a Very Large Crude Carrier, the second-largest class of oil tanker in the world – had ever berthed there. More importantly, the…


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Armenia To Choose Between Energy Diversification And Loyalty To Russia

In mid-June, the CEO of Russia’s gas monopolist Gazprom, Alexei Miller, paid a spontaneous visit to Yerevan, where he met with Armenia’s Prime Minister Karen Karapetyan. Official information about the meeting is rather scarce. Besides mutually exchanged compliments, reports mention plans for the exploitation of the fifth unit of the Hrazdan thermal power plant and the underground natural gas storage site in Abovyan (Armradio.am, June 16). The construction of Hrazdan’s fifth unit originally began in 1993. But in 2006, the half-built…


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Is Rick Perry’s Opposition To Renewables Justified?

With the almost daily battles raging inside the Beltway over claims of “fake news,” it’s hardly surprising that energy hasn’t been spared. But what is surprising is the jarringly overt way in which energy is being politicized. The new Secretary of Energy, Rick Perry, is a good case in point. As a former governor of Texas, Perry is a public supporter of increasing U.S. production of hydrocarbons like oil and gas, while openly criticizing the potential for alternative energy sources and roundly dismissing concerns over climate…


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OPEC’s Crude Exports To The U.S. Near All-Time Lows

Only 40 percent of imported crude came from OPEC in 2016 OPEC’s share of U.S. oil imports has been declining, and has dropped sharply over the last few years. In 1990, OPEC supplied 62 percent of all crude imported into the U.S. This share gradually declined until 2008, as Canadian output grew and displaced imports from overseas. After 2008, the combination of the financial crisis and booming U.S. shale output caused OPEC’s global market share to decline sharply, falling to 36 percent in 2015. Decreased domestic production in 2016 led…


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Is The Polish Shale Gas Industry Set For A Comeback?

Ten years have passed since the first concession to search for shale gas was issued. There were several problems of technological, economic and legal nature, which prevented Poland from becoming potentate in extracting this resource. It may seem that Poland missed its chance. However, monitoring and using new methods of shale gas production together with legal framework implementation, which would encourage the investors, can mark a new chapter in history of the Polish gas industry. Shale gas in Poland: from euphoria to disappointment According…