2018, September, 28, 09:30:00NORWAY'S RENEWABLE INVESTMENT $1.2 BLN
PLATTS - Norway's state-owned power company Statkraft is planning annual investments of around NOK10 billion ($1.2 billion, Eur1 billion) in renewable energy in the period 2019-2025, it said.
2018, September, 24, 15:15:00THE TRADE WAR LIMITING U.S.
API - “Placing constraints on exports of American-made energy works against America’s energy future,” said API Chief Economist Dean Foreman. “While the picture is still a bit muddied, it seems to be getting clearer – the trade war appears to be limiting the United States’ access to crude export markets. As we produce more energy here at home, the U.S. needs markets for its products in order for our economy to continue to grow. There’s no question that the 1.6 MBD increase U.S. petroleum net imports, which undid a full year’s worth progress, is a setback to the United States’ goal of energy dominance.”
2018, September, 12, 11:35:00OIL PRICES 2018-19: $73-$74
U.S. EIA - EIA expects Brent spot prices will average $73/b in 2018 and $74/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019. NYMEX WTI futures and options contract values for December 2018 delivery that traded during the five-day period ending September 6, 2018, suggest a range of $56/b to $85/b encompasses the market expectation for December WTI prices at the 95% confidence level.
2018, August, 29, 10:10:00SOUTH AFRICA NUCLEAR STATIC
WNN - A draft updated Integrated Resource Plan (IRP) approved by South Africa's cabinet on 22 August sees the country's nuclear capacity remaining at its current 1830 MWe over the period to 2030. Energy Minister Jeff Radebe yesterday released the plan for public comment.
2018, August, 10, 09:55:00DUMB SOLAR ENERGY
REUTERS - Pumping carbon dioxide into the air makes the planet greener; the United Nations puts out fake science about climate change to control the global energy market; and wind and solar energy are simply “dumb”.
2018, August, 8, 12:05:00OIL PRICES 2018 - 19: $72 - $71
EIA - Brent crude oil spot prices averaged $74 per barrel (b) in July, largely unchanged from the average in June. EIA expects Brent spot prices will average $72/b in 2018 and $71/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.
2018, August, 1, 09:00:00GERMANY'S SOLAR CAPACITY UP 2 GW
PLATTS - Germany has added over 2 GW of new solar capacity over the past year as the rebound for the sector accelerates and annual additions are on track for the strongest growth since 2013, the latest monthly data from the federal grid regulator showed
2018, July, 27, 12:05:00BRITAIN'S NUCLEAR POWER: 21%
WNN - The Digest of UK Energy Statistics (DUKEs), published today by the Department for Business, Energy and Industrial Strategy (BEIS), shows low-carbon sources of electricity accounted for a record 50.1% of power generated in the UK in 2017, which is up from 45.6% the previous year. This figure consists of 21.0% from nuclear, 14.8% wind (onshore and offshore), 3.4% solar and 2.3% hydro amongst low-carbon power sources.
2018, July, 23, 13:25:00GLOBAL ENERGY INVESTMENT DOWN 2%
IEA - For the third consecutive year, global energy investment declined, to USD 1.8 trillion (United States dollars) in 2017 – a fall of 2% in real terms. The power generation sector accounted for most of this decline, due to fewer additions of coal, hydro and nuclear power capacity, which more than offset increased investment in solar photovoltaics.
2018, March, 28, 10:30:00SAUDIS SOLAR INVESTMENT $200 BLN
REUTERS - The final investment total for the 200 GW of generation, including the solar panels, battery storage and a manufacturing facility for panels in Saudi Arabia, will eventually total around $200 billion, Son said.
2018, February, 16, 23:15:00DEWA INVESTS $22 BLN
AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.
2017, December, 18, 12:30:00S.KOREAN LNG
PLATTS - South Korea aims to boost the portion of LNG in its electricity generation mix to 18.8% in 2030 from an estimated 16.9% this year as part of efforts to reduce its heavy reliance on coal and nuclear, the energy ministry said.
2017, December, 15, 12:45:00BP INVESTS TO SOLAR
BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.
2017, December, 13, 12:15:00WBG: NO OIL&GAS FINANCE
WBG - The World Bank Group will no longer finance upstream oil and gas, after 2019.
2017, November, 24, 09:05:00S.KOREA'S SOLAR UP
FT - OCI — the world’s third-largest polysilicon maker by capacity and South Korea’s biggest — this month reported a 3,373 per cent increase in operating profit to Won78.7bn ($72m) for the July-September quarter, its best performance in five years. Rival Hanwha Chemical saw third-quarter net profit jump 25 per cent to a record Won252bn.