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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. Investment slumped by 30% in 2020.

Price 416
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US renewables’ installed generating capacity beats coal

Baua Electric

Photo by Los Muertos Crew on Pexels.com Solar capacity additions hit the ground running in 2024, pushing renewables’ installed generating capacity past coal, according to new US Federal Energy Regulatory Commission (FERC) data. That’s more than the installed capacity of coal (207.15 of the total. GW) but also hydropower (101.41

Coal 52
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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. Coal accounted for over 40% of the overall growth in global CO 2 emissions in 2021, reaching an all-time high of 15.3 billion tonnes. billion tonnes.

Emissions 370
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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil remains the world’s leading fuel, but its 33.1% Coal’s market share of 30.3% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% World primary energy consumption grew by 2.5%

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DKRW Advanced Fuels secures EPC contract with Sinopec Engineering for Medicine Bow coal-to-liquids project in Wyoming

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DKRW Advanced Fuels LLC (DKRW) announced that its wholly owned subsidiary, Medicine Bow Fuel & Power LLC (MBFP), has entered into a fixed price Lump Sum Turn Key (LSTK) Engineering Procurement and Construction (EPC) contract with the Sinopec Engineering Group (SEG). oil equivalent reserve at the Medicine Bow site. located with the 180?million?ton

Wyoming 236
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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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The World Energy Investment 2020 report’s assessment of trends so far this year is based on the latest available investment data and announcements by governments and companies as of mid-May, tracking of progress on individual projects, interviews with leading industry figures and investors, and the most recent analysis from across the IEA.

Global 344
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Feasibility study concludes Arckaringa coal-to-methanol project could be viable addition to CTL

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A Technical Feasibility Study (TFS) for a coal-to-methanol (CTM) plant based on the Arckaringa coal resources in Australia has concluded that CTM could be a viable project capable of augmenting the Bankable Feasibility Study (BFS) for Altona Energy’s Arckaringa Clean Energy CTL (coal-to-liquids) and Power Project in South Australia.

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