Month: June 2020

Something unthinkable is happening in Big Oil, and it’s not the demand slump or the spending cuts or the layoffs. With the exception of the demand slump, we’ve seen all this before–more than once, in fact.  No, what’s unthinkable is that Big Oil appears to be planning to stop being Big Oil. It’s not a joke. Three of the world’s biggest oil and gas companies are planning to become net-zero carbon emitters by 2050. And, as Energy Intelligence noted recently in an industry analysis, there are only two ways to attain…

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Petroleum products are likely to become more expensive in Pakistan from July 1 following a rise in the price of crude oil in the global market. The price of crude oil, which was $20 per barrel in the world market two months ago, has risen to $41.18 per barrel, showing an over 100% increase in the commodity’s price. The international price of oil has been volatile since the COVID-19 pandemic gripped the world. This period also saw a historic low in the international price of oil when it dipped below…

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Originally published on the website of the U.S. Energy Information Administration.Principal contributors: Chris Namovicz, Richard Bowers Earlier this year, the Southwest Power Pool (SPP), the regional transmission organization that manages the electric grid for much of the central United States, set records for the highest share of electricity demand supplied by wind power in both a single-hour period (72%) and a full day (62%). In 2019, wind power provided 29% of the electricity demand in SPP. On a monthly basis, wind power’s share of total demand in 2019 ranged from a high of 37%…

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The global energy industry downturn at the hands of Covid-19 has not only hurt immediate revenues, but is also affecting national infrastructure and energy policy planning. A Rystad Energy analysis shows that gas resources around the world will see development delays, with the construction of planned regasification facilities also at risk. Coal may benefit as a result. The case of Vietnam is a good example of how a country with its own rich gas resources will fail to meet domestic production expectations, requiring an increase in liquefied natural gas (LNG)…

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No New Uplift Schemes for Karachi Get Little Attention in Sindh’s Budget for 2020-21

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