Tag Archives: libya

Oil Production Vital Statistics January 2017

January was the month that OPEC was supposed to reduce production by 1.2 Mbpd and Russia + others were supposed to cut a further 0.6 Mbpd. None of the January production data has been released yet and the only real time indicator we have is the oil price that began the month of January on $55.05 and ended the month on $54.77 (Brent) (Figure 1). The only remarkable thing is how little market response there has been to the feeble OPEC deal. Continue reading

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Blowout Week 160

This week we feature the inauguration of President Donald Trump and what it portends for US (and World) energy policy. After some confusing recent announcements Trump seems to have reverted to form. We continue with, oil production up in Libya and down in China, UK “last hope” for fracking in Europe, nuclear shutdown in New York, California nuclear shutdowns frustrate renewable energy goals, Russia lends $11 billion to Bangladesh to build nuclear plant, Ontario’s failed coal closure initiative, Wyoming to ban utility-scale renewables, Saudi Arabia to become a renewable energy powerhouse, 790GW of untapped wind & solar in SE Europe, Germany can’t admit Energiewende blunder, Scotland targets 66% emissions cut in 15 years, Ikea refuses to invest in more renewables in UK, UK wave power “far too costly”, energy bills and the plight of UK pensioners, too much sun in Yorkshire, the Paris Agreement to cost $100 trillion and reduce warming by only 0.3C and a hydrogen-powered boat plans to circumnavigate the globe. Continue reading

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Blowout Week 158

The signatories to the the Paris Climate Agreement, who include just about every country in the world, agree that the world must cut its fossil fuel emissions drastically if global climate catastrophe is to be avoided. Yet according to Exxon’s just-released Energy Outlook (the IEA and EIA outlooks are similar) the world will be burning more fossil fuels in 2040 than it is now. Does this mean that the world is doomed? Or is somebody missing something?

We continue with stories on the fallout from OPEC’s production cut, followed by nuclear in the US, France, Sweden and China, coal in China and Australia, renewables in China, Europe, and Germany, recent events in UK, roads that recharge EVs in Israel, 2016 ties 1998 for the warmest year on record in the lower troposphere and India solves the carbon capture and storage problem.
Continue reading

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Blowout Week 148

In this week’s blowout: falling renewable investments, the SA blackout, falling oil output in Libya, Nigeria and Venezuela, EU gives pipeline go-ahead, Warren Buffett on wind subsidies, French nuclear woes and UK energy prices, Fukushima reclamation costs up, the end of nuclear in the US and of coal in UK, Australian coal mines reopening, Sweden and Spain to go 100% renewable, DONG considers selling oil & gas assets, renewables and “Big Data”, the Heathrow third runway, Brexit lowers the UK’s renewables-favorable ranking, few in UK support fracking, new life for the incandescent light bulb and how climate change causes cold winters, an increase in child marriage and more politicians being voted out of office. Continue reading

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Blowout Week 143

In this week’s blowout we revisit the issue of £billion dumb meters, weak oil prices, Libya ramping oil production a lot, Donald Trump wooing the oil industry, Australia’s stranded coal reserves, wind frenzy in China, US wave power takes off, blackouts in Puerto Rico, the Nordlink inter-connector, Holland to close coal fired power generation, Tesla to power Europe. Continue reading

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Blowout week 106

We kick off with “Climate Change” and the recent UK floods? Below the fold: Saudi Arabia considers privatizing Aramco, earthquakes in Oklahoma, a natural gas leak in California, TransCanada sues Obama over Keystone, North Sea oil & gas production up, EU investigates Drax subsidy payments, Ed Davey knighted, military intervention to forestall ISIS in Libya, uranium outlook brightens, Greenland wants out of the Paris Agreement, more battery storage in UK, more renewables in Scotland, the 2015 El Niño ties for strongest on record and the new geologic epoch – the Anthropocene. Continue reading

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Blowout Week 75

Our lead story this week features a remarkable discovery by NOAA climate scientists. The global warming “pause”, or “hiatus”, that everyone thought had been going on for most of the last 20 years never happened. Global warming has in fact continued unabated.

More below the “More”, including no change in OPEC output (but North Dakota isn’t worried), low oil prices threaten “big oil”, Libya on the way to becoming a failed state, the UK wind industry threatens the government with legal action, beautiful nukes, German doctors want a moratorium on wind turbines, ex-IPCC chairman Rajendra Pachauri found guilty in sexual harassment case and yet another Antarctic sea ice record. Continue reading

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Blowout Week 35

A Kurdish tanker loaded with $100 million worth of oil vanished off Texas’ coast Thursday. Radar systems showed no signs of the United Kalavrvta cargo ship, which has been at the center of a long legal battle between Iraq’s government and the country’s Kurdish region. Continue reading

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Blowout week 31

By Roger Andrews: A non-bumper Blowout Week during Euan’s absence. Twenty or so more stories below the fold: Energy Live News:  Ferrybridge fire cuts UK backup capacity In a sign of how serious the damage may be, the energy company … Continue reading

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MENA War Fever and the Iraq Oil Price Spike

Sunni terrorists active in Sunni-majority regions therefore only have a potential spoiler role in the absence of airborne and long-distance surface attack on oil production infrastructures, for example by making pipeline and refinery attacks. Continue reading

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Blowout week 23 – bumper issue

In this bumper Blowout with 36 articles the main theme (if there is one) is Europe backtracking on failed policies and pursuing the America fracking dream while America decides to throw itself off the European energy cliff into the abyss of low carbon high cost electricity generation. Continue reading

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Blowout week 21

Gazprom’s chairman has describing Europe’s energy shortage as “scary” and ridiculed the EU’s push for wind and solar power as a shambles. Continue reading

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Blowout week 20

Warren Buffet: “For example, on wind energy, we get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.” Continue reading

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Blowout week 13

UK energy policy in disarray: UK has among cheapest gas and electric in Europe; Government to investigate big 6 utilities for malpractice; Scottish and Southern Energy freeze prices until 2015 but axes renewables investment; politicians from all sides line up to take the credit. Continue reading

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Libya – energy, population and economy

Europe has only 4 contiguous suppliers of imported gas and oil. Russia to the East is by far the most important and to the South, Algeria, Egypt and Libya. Britain and France bombed Libya into submission in 2011. The outcome to date is likely not what was planned. Continue reading

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Blowout week 12

European leaders are lost in a fantasy land when it comes to understanding the continent’s energy security. Iraq and Libya descend further into chaos. Osborne sticks the knife into North Sea drilling. Continue reading

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Blowout week 9

Ukraine, utilities, climate change and OPEC are all in a bumper edition of blowout with 28 stories from around the world. Continue reading

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Blowout week 8

UK Energy: chaos because policies are founded on non-science. Climate Change: opinion in chaos because it is founded on non-science Continue reading

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Blowout week 6

MENA: gas imports loom over Egypt; rebels continue to disrupt oil supplies from Libya; Iraq near implosion; tensions rise over oil exports from Iraqi Kurdistan to Turkey. Also stories on renewables, technology and Scottish independence. Continue reading

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OPEC crude oil production capacity

OPEC crude oil production spare capacity stood at just over 5 million barrels per day (Mbpd) in December 2013 according to the International Energy Agency (IEA). OPEC total production capacity stands at 35 Mbpd, a plateau level first reached in 2009. Continue reading

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