A handful of protesters on the ground floor of the cavernous Cape Town International Convention Centre spread fake oil on the ground and chanted, demanding an end to fossil fuels. Two floors above, the hundreds of delegates at Africa Oil Week were largely unaware – and mostly unmoved – by the display. “Under no circumstances […]
BP Names Next CEO as Zero-Carbon Era Looms
Bernard Looney will lead the oil supermajor into an era of unprecedented change for the energy industry, and he knows it. Bob Dudley will retire next year after a 40-year career at BP, and on Friday the oil and gas supermajor named his successor as CEO. Bernard Looney, currently head of BP’s upstream business, will […]
How Electric Cars and Renewables Could Beat Oil
This week on The Energy Gang: The economics of oil are beginning to be challenged by EVs paired with wind and solar. Solar and wind sent European utilities into financial disarray, and U.S. utilities are facing a similar fate. Are global oil companies next? A new report from one of the world’s biggest banks, BNP […]
Global Energy Transition at Risk From US-China Trade War
Cooperation on the world stage is critical for minimizing climate change, but it’s in short supply right now, says Wood Mackenzie’s 2019 Energy Transition Outlook. Rising economic nationalism in the U.S. and China is dominating news headlines and making waves across the global economy. Less appreciated is the threat it poses to the energy transition. […]
Oil major BP aims to fully charge electric cars in 5 minutes by 2021
UK oil giant British Petroleum has plans to make charging an electric car as close as possible to refuelling a regular fossil-fuelled vehicle. In a recent interview, BP’s head of technology David Eyton said that it wants to provide batteries for electric cars by 2021 that can charge to 100% within just five minutes. BP, […]
Fading Electric Vehicle Support in US and China Could Delay Peak Oil Demand
The U.S. Energy Information Administration and International Energy Agency are likely to upwardly revise their oil demand projections, a new report says. Policy support for electric vehicles is waning in key markets around the world, potentially softening EV sales and pushing back forecasts for a peak in global oil demand, according to a new report […]
How Much Oil is in an Electric Vehicle?
How Much Oil is in an Electric Vehicle? When most people think about oil and natural gas, the first thing that comes to mind is the gas in the tank of their car. But there is actually much more to oil’s role, than meets the eye… Oil, along with natural gas, has hundreds of different […]
Ratings for renewable energy: Metrics and evaluation for renewable energy/infrastructure project risk
This paper proposes a framework that allows transparent evaluation of renewable energy infrastructure projects. While there has been substantial increase in renewable energy investment in the last decade, a gap still exists between the actual capital flows and what is required to meet climate-mitigation targets. This report builds on a review of the current renewable-energy […]
PM Modi leaves for G20 summit 2018: Jan Dhan Yojana, Oil, Mudra, Solar Alliance; these things to be on agenda
G20 Summit 2018: Modi will highlight risks posed by volatility in oil prices along with speaking on flagship schemes of his government: Ayushman Bharat, Jan Dhan Yojana, Mudra scheme etc. Prime Minister Narendra Modi will leave for the five-day G20 2018 summit being held in Argentina on Wednesday, where he is expected to meet China’s […]
For Oil Majors Investigating Clean Energy, It’s About Balancing Risk and Return
“Most of them understand this is the future.” Oil and gas companies are used to taking big risks, but they’ve also grown accustomed to large payoffs. That paradigm doesn’t necessarily translate easily to the renewables market, where relatively low risk translates to low, but mostly guaranteed, returns. “That’s the key pushback we get when we […]