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Not only has financing come from company shareholders and traditional banks, but hundreds of billions of dollars have also come from junk-bond investors looking for high returns. Junk-bond debt in energy has reached $210 billion, which is about 16 percent of the $1.3 The situation will compound itself if oilprices stay low.
The collapse in world oilprices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New EnergyFinance. However, the slump in the Brent crude price per barrel from $112.36
The new Indy fleet vehicles will include 100% electric models, such as the Nissan LEAF, as well as plug-in hybrid models like the Chevrolet Volt and the Ford Fusion Energi, which offer extended range. The Indy fleet would be the largest municipal fleet of electrified vehicles in the US. Indianapolis Mayor Greg Ballard.
Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. At a high level, the report notes that there are few signs that the urgently needed change in direction in global energy trends is underway. Click to enlarge. The passenger vehicle fleet doubles to almost 1.7 billion in 2035.
We would expect that new reserves of conventional and unconventional oil may become available for exploration due to geological exploration and advances in oil extraction techniques or that extraction from less feasible oil fields becomes more economically attractive. All of these factors would change our predicted outcome.
between 2017 and 2021, as a combination of higher oilprices, emerging mandate. The report identifies a number of key trends, including: Oilprices are expected to climb over the next decade, driving increased interest in. Governments are expected to retreat from stimulus investment highs, shifting financing.
The report comes as oil majors like ExxonMobil, Chevron and Shell, and other companies, are developing at least a couple dozen oil shale and CTL projects, including 12 CTL facilities projected to produce 170 million barrels of liquid fuels per year at a cost of $2 billion to $7 billion per plant.
A continuing sharp decline in technology costs—particularly in solar but also in wind—meant that every dollar invested in renewable energy bought significantly more generating capacity in 2014. Other renewable energy sources mostly did less well, biofuels seeing an 8% fall in investment to $5.1 billion set in 2011.
In addition, the industry faces barriers from the impending “blend wall” of 10% ethanol in gasoline and uncertainty regarding policies and oilprices. The authors used Amyris, Gevo, Green Plains Renewable Energy, KiOR, Lignol Energy Corp., —Miller et al. Pacific Ethanol, Rentech Inc., —Miller et al.
In 2008, a report by UNEP called for the elimination of fossil-fuel subsidies, concluding that such subsidies often lead to increased levels of consumption and waste; place a heavy burden on government finances; can undermine private and public investment in the energy sector; and do not always end up helping the people who need them most.
“We think that banks are generally giving producers more time to improve financial health and that spring ‘16 redeterminations could be much tougher without significant commodity price improvement,” said Jonathan Wolff, an analyst with Jeffries, according to SNL. Maintaining access to finance can come at a price.
The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oilprices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. per barrel, rising to $36.50.
Source: Element Energy. Governments and vehicle manufacturers will need to introduce long-term incentives and price cuts to create a sustainable European market for ultra-low emission vans (ULEV), according to a newly published report by Element Energy, commissioned by the UK Department for Transport. Source: Element Energy.
The KPMG study, “Expect the Unexpected: Building Business Value in a Changing World”, explores issues such as climate change, energy and fuel volatility, water availability and cost and resource availability, as well as population growth spawning new urban centers.
One casualty of the oilprice downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oilprices, however, could kill off the megaproject.
Once the capital costs of setting up the facility are recouped, about ten years in this case, all they have are maintenance and operational costs since the energy source is essentially free forever. This means it is a “base load&# energy. Mr. Agassi has raised $200 million in private financing for his idea. URL: [link].
While LNG is expected to be an early success, the picture becomes more diversified over time, as more than 20% of shipping could adopt hybrid propulsion solutions featuring batteries or other energy storage technologies, according to the paper. —“Alternative Fuels for Shipping”.
A new study by Bloomberg New EnergyFinance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. This would be almost 90 times the equivalent figure for 2015, when EV sales are estimated to have been 462,000, some 60% up on 2014.
Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New EnergyFinance (BNEF). Since 2010, lithium-ion battery prices have fallen 73% per kWh.
By way of example, while the logistics industry has been negatively impacted, one of the measures so far announced includes the exemptions on payments of highway tolls through the end of June, and subsidies on New Energy Vehicles (NEVs) have been extended for another two years, from 2020 to 2022.
Another key aspect of sugar-based conversion technologies uses the lignin component for energy, fuel or higher value products. Support for aviation biofuels should at a minimum be equal to policies supporting other transport and energy sectors. Promote stable, long-term policy to attract investment. The region has developed.
million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. In India, falling inflation, lower interest rates, energyprices and a regained confidence will help lift the car market into growth mode starting in 2015 after a two-year lull. North America.
We have rock-solid finances. The perspective of rising oilprices is a turboboost for a change in customer behavior, he said. First is the energy capacity and the recharge time of current batteries, which now are “ simply inappropriate ” for pure electric propulsion. What is the potential of renewable energy sources?
The Energy Department is also preparing to award as muchas $25 billion in low-cost federal loans for production ofadvanced technology vehicles, with many of the applicationscoming from companies planning to build plug-ins or thebatteries and components needed to power them. “I Oilprices are going to go up.
News | Markets | Technology | Personal Finance | Small Business | CNN.com RSS Newsletters Video Home Fortune 500 Technology Investing Management Rankings Andy Grove on battery power To wean itself from imported oil, the U.S. More Climate crusader "Were very reasonable people," says White House energy czar Carol Browner.
Increased shareholder activism, combined with global warming policies of institutional investors and NGOs, are pushing IOCs in a corner, constricting financing options for oil companies. This will, of course, come at a cost for energy-hungry regions or consumers. NOCs are still controlled and owned by national governments.
Live by Energy…. Energy is the foundation of Russia, its economy, its government, and its political system. Death by Energy. In the last few years, the threats to Russia’s energy industry have multiplied and intensified. Natural gas data from Gazprom).
Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oilprices. Drilling oil and gas wells requires a lot of money. For companies that have seen their revenues vanish because of collapsing oilprices, access to credit is obviously critically important.
The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Cape Wind will not lead the US energy revolution. Source: IRENA.
If you are the world’s leading energy economy, you produce energy, that’s what you do.”. “A If You’re a Free Range Oil Producer. Despite low oilprices, Saudi Arabia is maintaining its investment in its oil industry. as the drop in oilprices over the last year has put a strain on the nation’s finances.".
Moreover, with the massive drop in oilprices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel. Additionally, consumers are likely to opt for more economical choices when possible, avoiding premium consumer goods.
Cleantech Blog Cleantechblog.com, the premier cleantech site for commentary on news and technology relating to clean tech, greentech, energy, climate change and carbon, and the environment. People-Oriented Development Current Status of REDD Financing the Fifth Fuel Peak Phosphorus - Commence Urine Recyling on Space.
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