Carbon Tracker recently collaborated with global credit-ratings agency Standard & Poors to publish ‘What a carbon-constrained future could mean for oil companies’ creditworthiness’. (more…)
Solarcentury
The company I founded in 1998 to design and supply solar energy solutions for the built environment. Solarcentury
Solar Aid
The charity I founded in 2006, with a 5% contribution of Solarcentury profits, to help deliver solar lighting to Africa. Solar Aid
Archive for the ‘Oil’ Category
“Peak oil doomsayers proved wrong”: David Frum on CNN.
March 4, 2013 OilChina overtakes US as world’s largest oil importer.
March 4, 2013 OilFT: “US net oil imports dropped to 5.98m barrels a day in December, the lowest since February 1992, according to provisional figures from the US Energy Information Administration. In the same month, China’s net oil imports surged to 6.12m b/d, according to Chinese customs.”
Peak oil: gone for now but celebrations will be short lived”: oilprice.com.
February 28, 2013 OilTom Whipple: “Given the increase in the amount of oil that China and India are importing, it looks as if there will be no oil available for other countries to import in another decade, experts warn.” (more…)
Shell puts Arctic operations on ice.
February 27, 2013 Gas, OilFT: Shell has abandoning plans to drill for oil off the north coast of Alaska this year, “in a huge setback for the company’s Arctic ambitions.” (more…)
BP’s drillers wrote of “chaos” and “insanity” drilling Macondo well.
February 25, 2013 OilBP opts for Deepwater trial, refusing a $16bn settlement deal with DoJ.
February 24, 2013 OilGuardian: “The US Justice Department and BP were engaged Sunday in efforts to forge a last-minute deal to avert a trial over 2010′s deadly Deepwater Horizon disaster, set to begin in New Orleans on Monday.” (more…)
UK energy supplies heading downhill fast, warns Ofgem.
February 19, 2013 Clean Energy, Coal, Gas, OilLargest climate protest in US history pressures Obama to reject tar pipeline.
February 17, 2013 OilGuardian: “Thousands of protesters descended on Washington DC on Sunday demanding Barak Obama shut down the Keystone XL pipeline project to show he is serious about taking action on climate change.”
US Army Colonel in plea to countrymen to wake up on oil depletion.
February 9, 2013 OilDaniel Davis in the Huffington Post: “There’s hardly a day that goes by anymore when we don’t hear some story reinforcing the idea that the United States has entered a new oil boom and in only seven years we’ll have achieved energy independence.” (more…)
The myth of “Saudi America”: geologists speak out at the AGU.
February 6, 2013 Gas, OilRaymond Pierrehumbert, Professor of Geophysical Sciences at the University of Chicago, on www.slate.com: On the reaction to the notion of Saudi America at the the fall meeting of the American Geophysical Union. (more…)
IEA boss writes of legislative “threat” that “could turn US oil boom to bust.”
February 6, 2013 Gas, OilMaria van der Hoeven in the FT: Thanks to fracking, “US crude oil production has increased by 1.3m barrels per day in the past two years, and the US Energy Information Administration forecasts that the US will produce a further 1.4m b/d by the end of 2014.” Fracked oil trades at a discount to international benchmarks, but there is a problem. (more…)
IEA on oil: “All of a sudden, the market looks tighter than we thought.”
January 18, 2013 OilFT: Stronger-than-expected demand growth in China plus reduced seasonal supply from Saudi Arabia equals this from the IEA: “All of a sudden, the market looks tighter than we thought. It may be too early, however, to declare the . . . return to the bull market of yesteryear.” (more…)
BP CEO: peak oil theories “increasingly groundless.”
January 16, 2013 OilGuardian: “Bob Dudley’s remarks came as the company published a study predicting oil production will increase substantially, and that unconventional and high-carbon oil will make up all of the increase in global oil supply to the end of this decade, with the explosive growth of shale oil in the US behind much of the growth.” (more…)
BP: all net growth in global oil supply to 2020 will be unconventional oil.
January 16, 2013 Gas, OilFT: “Surging production of unconventional oil will provide all the net growth in global oil supply to 2020, as the boom in “tight oil” ramps up and biofuels take off, according to BP.” (more…)
Saudi Arabia cuts production to reflect new pattern of global demand.
January 15, 2013 OilFT: “The production cut of November and December, which has lowered the country’s crude oil output to 9m barrels a day, down from 9.7m b/d in October, appears to respond to lower seasonal demand – yes, oil consumption no longer explodes during the northern hemisphere winter, but rather over the spring and summer.” (more…)
“You can power the world this way”: a short film on Open Energy.
January 15, 2013 Change for Good, Clean Energy, Climate, Coal, Commentaries, Finance, Gas, Nuclear, OilA young film maker wanted to make a film on the democratisation of energy, and we decided to help him at Solarcentury. This film is what he came up with.
Tough regulation slows Arctic drilling to a glacial pace.
January 13, 2013 OilFT: Shell’s programme is riven with uncertainty in the aftermath of the grounding of its rig. Others are not drilling at all. Canada’s federal regulator, the National Energy Board, is requiring a Same Season Relief Well capability (the technique that finally stopped Macondo). The drilling season in the Beaufort Sea is as little as 100 days, and some wells require three summers. SSRW capability seems is proving a little difficult to prove.
A renewables revolution despite civil war in energy markets? Possible.
January 29, 2013 Change for Good, Clean Energy, Climate, Coal, Commentaries, Finance, Gas, OilMy presentation to Enova 2013 in Trondheim, posted on You-Tube, professionally edited, on the same day as the impressively organised conference. The part in English starts 1 minute in.
Tags: Banking, Carbon bubble, Impacts, Peak oil, Renewables, Shale gas, Shale oil, Solar PV