Americas > Energy

Energy in Americas

  • US LNG exports make European market more competitive

    ALBANIA, 2017/08/27 The European gas market is becoming additional and additional competitive and US exports of liquefied natural gas (LNG) are part of this landscape, Francis Perrin, energy expert, chairman of Energy Strategies and Policies (France) told Trend. “Energy is always a strategic business. Economic aspects are very significant of course, particularly the price of LNG, but nations as well take into account strategic issues. For some Central and Eastern European nations one of the key priorities of their energy policies is the diversification of their supplies, in particular gas imports, in order to reduce their dependence on Russia,” said the expert.
  • Trump To Promote US LNG Exports At Warsaw Summit

    POLAND, 2017/07/08 US President Donald Trump plans to promote US liquefied natural gas (LNG) exports at a conference next Thursday (6 July) in Warsaw with a dozen leaders from Central and Eastern Europe, a region heavily reliant on Russian supplies. In a speech on 29 June Trump hailed the start of a “golden era” that would see the US energy business assert its power abroad through a boost in natural gas, coal and petroleum exports.
  • Barack Obama’s Power Africa initiative makes slow progress

    UNITED STATES, 2016/07/25 Crumbling, mismanaged energy systems have long been an oppressive brake on economic increase in the region’s 49 nations, which have less grid-connected electricity than South Korea and about 600m power-starved people. However, three years next Mr Obama promised to bring “light where currently there is darkness” and “clean energy to protect our planet”, evolution on the ground is proving painfully slow. The Power Africa programme, which the president launched in 2013, is supposed to add 30,000 megawatts of electricity by 2030, equal to nearly a third of sub-Saharan Africa’s existing generating capacity.
  • Good Energy signs deal to power hydrogen fuel stations

    UNITED STATES, 2016/05/11 Renewable electricity company Good Energy has signed an agreement to supply power for the production of hydrogen fuel. The firm will provide zero carbon electricity to ITM Power’s hydrogen car refuelling stations. The stations produce the hydrogen on site using electricity and tap water.
  • The privatization of Pakistan’s power sector Privatization and U.S. support put Pakistan on track towards 50,000 MW goal

    PAKISTAN, 2016/04/09 Pakistan’s power sector has hampered increase for a lot of years. The combination of new government initiatives, a revitalized private energy sector and cooperation with international partners – namely the U.S. – is going a long way to not only transaction with the issues that Pakistan faces, but as well to make it one of the majority dynamic and geopolitically significant energy players in the world One of the major challenges Pakistan’s economy faces today is power supply. Prime Minister Nawaz Sharif’s government has said that it plans to improve Pakistan’s power sector through reform and investment to boost increase, and hopes to end chronic power shortages that have crippled the economy for years. So, it has made real strides to tackle this issue chief on.
  • China State Grid evaluates the assets of Spanish group Abengoa in Brazil

    CHINA, 2016/04/07 Staff from China National Grid visited the power transmission projects in Brazil owned by Spanish group Abengoa to consider a possible acquisition of these assets, Reuters reported Tuesday. The Spanish group, which requested creditor protection in November 2015 due to debts that could reach 25 billion euros, has ended any investment in Brazil, leaving some work to be completed.
  • US Proved Oil And Natural Gas Reserves Rise In 2014

    UNITED STATES, 2015/12/03 US crude oil proved reserves increased in 2014 for the sixth year in a row with a net addition of 3.4 billion barrels of proved oil reserves (a 9% increase), according to U.S. Crude Oil and Natural Gas Proved Reserves, 2014, released by the U.S. Energy Data Government (EIA). US natural gas proved reserves increased 10% in 2014, raising the US total to a record 388.8 trillion cubic feet (Tcf). At the national level, Texas had the major increase in proved reserves, 2,054 million barrels (60% of the country’s total net increase) in 2014. Most of these new oil reserves were added in the Texas portion of the Permian Basin and the Eagle Ford Shale play. North Dakota had the second-major increase—a net gain of 362 million barrels—most of which were added in the Bakken tight oil play of the Williston Basin.
  • The energy crash is going to be huge business for Wall Street

    UNITED STATES, 2015/11/23 The energy sector has been getting hammered, and that has Wall Street on high alert.
  • Petrobras production from pre-salt fields reaches milestone 800.000 bpd

    BRAZIL, 2015/05/16 The 800Mbbl/d output was reached just eight years after first oil was discovered in the pre-salt layer in 2006. The milestone was reached using 39 production wells, 20 of which are in the Santos Basin, which accounts for 64% of the output—511Mbbl/d—while the other 19 wells in the Campos Basin account for 36% of the output –291Mbbl/d. On the day the record was completed, 11 definitive production systems and one early production system were operating, and seven were exclusively producing oil from the pre-salt.
  • US Energy Policy Taking Dramatic Shift to the Right

    UNITED STATES, 2015/02/20 The ensuing Republican majority in both Houses of Congress following the 2014 Mid-Term election leaves President Obama in a precarious position regarding healthcare reform, foreign policy and economic recovery. But it is U.S. energy policy that could have the majority tangible long-term result on American society. Since securing re-election in 2012, Obama has taken significant strides in implementing reform to reduce US greenhouse gas emissions. Republicans will presently target the 2016 presidential election as a means of shifting U.S. energy policy firmly to the right. As oil prices return to a volatile status, the potential for partisan conflict will only increase over the direction of key policy decisions.