Please submit any queries or suggestions!Archive

Gazprom Price Negotiations, UK Big Six under policy and regulatory focus and more- News Roundup (17th of August, 2011).

-Policies & Regulation-

* Zimbabwe awarded a license a company to build a 2.000 megawatt thermal power. The company that remained unnamed will begin works in 2014. The cost of the project is US$3B [via EinNews].

* “Nordic Environment Finance Corporation Carbon Fund (NeCF) has closed deals to buy 4.6 million U.N.-backed carbon credits from 10 clean energy projects in India and southeast Asia” [new via Reuters].

* US government to invest US$510m in the development of advanced biofuels for the aviation and maritime sector [via Platts].

* “California fracking legislation appears poised for final passage” [complete article at Platts]

 

-Analysis & Opinion-

* The shale gas issue in Pittsburgh seen from the local perspective: no consensus have been reached amongst the incumbents [via The Barrel].

* Putting renewables into perspective in the US leads to believe it has more opportunities than Nuclear [via GreenEconomyPost].

* The US Energy Information Administration data on Electric generating capacity additions in the first half of 2011 [via EIA]. Platt’s analysts’ survey of the data released by the US EIA: “data will show a build in natural gas stocks of 45 to 49 Bcf” [via Platts].

* US oil prices go up, as gas goes down [via Forexpros, WSJ’s Marketwatch  & UPI].

* An explanation on the Intercontinental Exchange and NYMEX parent company CME Group dispute regarding the Commodity Futures Trading Commission’s  proposal [via The Barrel].

* Japanese Bill requiring energy companies to buya percentage of energy from renewable sources has popular approval, but the right balance must be struck [via Maichini Daily News].

* Energy demand in New Zealand rose to an all time high this winter. The peak demand reached 7048MW last Monday  [via EinNews].

* The Centre for Global Energy Studies analysis on the causes behind the upheaval of oil prices this August [via CGES].

* A piece on the forgotten potential of thermal energy [via AOL].

* India and Iran problem over payments for imports of Iranian crude into India lead to trade troubles. [Plats’ Petrochemical Reaction].

* “Will Natural Gas remain cheap for 10-20 years?” An article on the prospects of the risks of relying in natural gas [via The Energy Collective].

* Solar Power is reaching parity with coal fuel prices in New South Wales [via Sydney Morning Herald].

* Renewable Energy World presents a comprehensive review of renewables storage methods [via Renewable Energy World].

* The “big six” UK Energy Companies are being the focus of policies and regulation after price rise and marketing strategies [via Financial Times].

 

-Business & Projects-

* Shell, GDF Suez join other European companies that are currently renegotiating gas prices with Gazprom [via EinNews]. Related: Gazprom delegation meets with Sri Lanka’s  Minister of External Affairs, discusses exploration, production, transportation, storage, processing, marketing and generation and marketing of heat and electric power.  [via EinNews]

* Scottish Power announces the investment of £3b for diverse projects.  Amongst said projects are the connection of 5GW of renewables to the grid and upgrades [via EinNews & Financial Times]

* ”China Petrochemical Corporation, or Sinopec Group, is open to the idea of liberalizing the domestic crude oil market and competition from independent refineries” [complete article in Platts]

* JinkoSolar Co. showed positive Q2 2011 results [via Reuters]. Related analysis: US Solar industry is facing tough competition form China[via WSJ]. Also: Vestas quarterly results exceed expectations, despite outlook [via EinNews & Utility Week].

* International Petroleum Limited discovered a second oilfield at its Krasnoleninskiy Project in Western Siberia. The oilfield is expected to yield 419-508 barrels per day [via OilVoice].

* Japan joins the EU on complain against Ontario’s  Feed-In Tariffs in front of the OECD [via EinNews]

* Bushehr Nuclear Power Plant will be connected to Iran’s national grid by the end of August. [via EinNews].

* TEPCO’s 7 MW Ukishima Solar Power Plant has commenced operation [via RenewableEnergyFocus].

* “Anadarko, ExxonMobil see 2014 start at Lucius in Gulf of Mexico” [Platts’ article].

* Shell and Australian LNG [via EinNews]

 

 -Other-

* Information on Denmark’s energy sector article: “Denmark Shows its Green pragmatism” [via CNET].

* Energy Live News market report [watch here]

* US EIA Weekly petroleum status report[via EIA].

US DoE Fraking repor and reactions, US renewables investment, Oil prices and more –News Roundup (11th of August, 2011).

-Policies & Regulation-

* US Department of Energy awarded nearly US$175m for R&D in fuel efficiency. The sum will be shared by 40 advanced-vehicle research and development projects [via Platts].

* US government asked to step in the Marcellus shale gas’ fracking lawsuit [via Bloomberg].

* US  Shale Gas Subcommittee of the Secretary of Energy Advisory Board report [via Michael Levi, link here]. A summary can be found at  PennEnergy. Related: Criticisms on the study over biased positions [viaPlatts].

* US releases 14.2 million barrels [via Platts].

* Japan’s Diet reached an agreement over Renewable Energy Bill, signaling Naoto Kan’s moment to step down [via Reuters].

* Tenne T plans to add 14GW to Netherland’s power capacity by 2018. The reason behind this Netherland’s grid expansion with other country’s  [via Platts].

* US Army to invest US$7.1 in order to achieve the aim of getting 25% from renewables by 2025 [via Platts].

 

-Analysis & Opinion-

* IEA says 2012’s oil demand will increase [via The Barrel]

* Keith Schaefer’s analysis on gas investment options in North America [link here].

* MIT research says Natural Gas use and change to fertilizers have aid to reduce methane levels in the atmosphere [via Reuters].

* The Barrel: “Petrodollars: New wave of E&P mergers afoot? Just maybe…” [link here].

* Natural Gas role in the future of renewable energies [via VisionOfEarth].

* Platts’ Oil Podcast on the downgrade, the financial markets unrest and the incidence on oil prices [listen Here]. Also: IEA’s take on the plunge of oil prices [link to IEA] and  Risk.net perspective, and the US market analysis for August 11 [via Platts].

 

 

-Business & Projects-

* Duke Energy asked Kentucky’s Public Service Commission for a two-week extension to answer the authority’s merger order [via Platts].

* After Q2 Review losses, Germany’s policy impact and others, E.On is considering cutting 9.000 to 11.000 jobs [via PennEnergy].

* RWE to sell power station after the profits fall [via Utility Week]

* UK successfully tests a well capping device to prevent oil spills like that of 2010 [via Energy Live News].

* India’s GAIL annual report and announcements. [via Platts].

* Australia’s Macarthur Coal bidders [via Platts].

* “GDF Suez signs financing MoU with China’s ICBC bank” [via platts].

* Gazprom finishing Prirazlomnaya platform construction [via EinNews]

 

-Other-

* The Oil & Gas Financial Journal newsletter [link here].

* A Research Report on India’s Wind Power Market [via SacBee].