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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). and by 1.5%

Oil 344
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EIA projects increases in global energy consumption and emissions through 2050

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The US Energy Information Administration (EIA) projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050. Liquid fuels remain the largest source of energy consumption, driven largely by the industrial and transportation sectors.

Global 259
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Rhodium Group estimates US GHG emissions rose 1.3% in 2022

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The year 2022 was marked by the emergence of longer-term economic repercussions of the COVID-19 pandemic and an unexpected war in Eastern Europe that caused turmoil in energy markets. This reversal in 2022 was largely due to the substitution of coal with natural gas—a less carbon-intensive fuel—and a rise in renewable energy generation.

Emissions 273
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Synthesis Energy Systems receives $5M equity investment from Zuari Industries Limited of India; collaboration on coal gasification

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Synthesis Energy Systems, Inc., an energy and gasification technology company, has received a $5.0 million strategic investment from fertilizer company Zuari Industries Limited of India in exchange for approximately 2.2 million shares of SES common stock.

Coal 199
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CSIRO and partners to test Direct Injection Carbon Engine to reduce brown coal emissions by up to 50%

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DICE involves converting coal or biomass into a water-based slurry (called micronised refined carbon, MRC) that is directly injected into a large, specially adapted diesel engine. The project is supported by industry partners including Exergen, Ignite Energy Resources, AGL, MAN Diesel & Turbo and EnergyAustralia.

Coal 257
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IEA: global energy efficiency progress drops to slowest rate since start of decade

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Energy efficiency has tremendous potential to boost economic growth and avoid greenhouse gas emissions, but the global rate of progress is slowing, according to a new report by the International Energy Agency. Global primary energy demand rose by 2.3% Gas demand growth was driven by its use in industry and buildings for heating.

Global 150
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The $32-Trillion Push To Disrupt The Entire Oil Industry

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The first signs of a green revolution in the shareholder-investors universe are there, as investors have forced Dutch oil and gas major Shell to officially change its strategy, investing in more renewable energy and energy storage. This will, of course, come at a cost for energy-hungry regions or consumers.

Oil 231