natural gas

Oil Majors That Bet Big On Renewables

Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy, the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best.

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Electricity Production Capacity Changes in 2019

Renewable Energy Trends in 2019

According to a new report from the U.S. Energy Information Administration (EIA) 2019 will be a good year for renewables. A whopping 46% of new electricity production will come from Wind power and 18% will come from Solar Photovoltaic power with the remaining increase coming from clean burning Natural Gas for a total increase in generating capacity of 24 gigawatts (GW). On the other hand, 8 gigawatts (GW) of electrical generating capacity will be retired this year 53% of that will be coal fired, 27% natural gas and 18% will be nuclear powered plants.

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Gold

Big Picture Update on Commodities & Precious Metals

In the following article, Gary Tanashian editor of Notes from the Rabbit Hole (NFTRH), has compiled a series of year end charts to help us get a handle on several sectors that relate to inflation. These sectors include Gold and other Precious Metals, Commodities (CRB Index) , Oil,  Natural Gas, Industrial Metals, Agriculture, Copper, Uranium and more. 

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Permian Basin Map

Is Peak Permian Only 3 Years Away?

The Permian Basin is the largest petroleum-producing basin in the United States and has produced a cumulative 28.9 billion barrels of oil and 75 trillion cubic feet of natural gas. Currently, nearly 2 million barrels of oil a day are being pumped from the basin. It has been estimated that 43 billion barrels of oil and 18 trillion cu. ft. of gas remain; however, some experts claim the content is much bigger than expected, half a trillion barrels or even 2 trillion barrels. Eighty percent of estimated reserves are located at less than 10,000-foot (3,000 m) depth. Advances in hydrocarbon recovery such as horizontal drilling and hydraulic fracturing aka. “fracking” have expanded production into unconventional, tight oil shales… But is it possible that the current Bonanza in Oil production could come to a rapid end?

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gazprom pipeline

Russia’s Weakened Hand Could Pay Off For Beijing In Major Gas Deal

A major gas deal between Russia and China could finally be sealed this week when Russian President Vladimir Putin visits China on May 20-21 and meets with President Xi Jinping. In the lead up to Putin’s arrival, the two sides have been working on putting the finishing touches on a 30-year contract for a gas

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Crimea

What the Loss of Crimea Means for Ukrainian Energy

Birth of a New Ukrainian Nation? Interview with Robert Bensh Ukraine’s Crimean Peninsula is now Russia’s. It was done with an impressively organized non-violent military operation, and supported by the foregone conclusion of a referendum on independence from Ukraine. One Ukrainian soldier was reportedly killed on 18 March, after Russian President Vladimir Putin signed the

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New technological innovations in the production of natural gas are making it more economical.

New Technologies in Natural Gas

During the last 10 years, the natural gas and oil industry has developed into one of America’s most technologically sophisticated industries. New advancements have caused the industry to become a technological pioneer. In the nineties, increased numbers of power generators started to utilize natural gas for electricity production, which caused demand to rise significantly. This industry has managed to keep up with rising demand and generate larger quantities of gas, thanks to technological advances. These advances have allowed gas to be produced from shale, along with other less conventional formations, which are located in plentiful supply throughout the US. However, natural gas is still produced from traditional onshore and offshore formations as well.

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