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Wheatley Warns Against Unrealistic Oil Expectations

Danny Hurn (left), an observer on the Polarcus Adira vessel, explains to Dr Andrew Wheatley (centre) minister of science, energy and technology, the workings of the equipment that will be used in the seismic survey for oil. John McKenna of Tullow Oil looks on. Dr Andrew Wheatley, minister of science, energy and technology, has warned [...]

By | 2018-03-27T15:26:07+00:00 March 27th, 2018|

Keystone Pipeline leaks 210,000 gallons of oil in South Dakota

A total of 210,000 gallons of oil leaked Thursday from the Keystone pipeline in South Dakota, the pipeline's operator, TransCanada, said. Crews shut down the pipeline Thursday morning, and officials are investigating the cause of the leak, which occurred about three miles southeast of the town of Amherst, said Brian Walsh, a spokesman for the [...]

By | 2017-11-17T18:21:26+00:00 November 17th, 2017|

Tipping Point For Natural Gas: Huge Project Canceled in California

So … that was fast. US natural gas stakeholders barely had time to congratulate themselves for pushing coal out of the power generation market, and it looks like karma is already getting the last laugh. Low-cost renewable energy is beginning to nudge natural gas aside. In the most recent and striking development, California’s massive 262-megawatt [...]

By | 2017-10-25T18:14:40+00:00 October 25th, 2017|

What If Big Oil’s Bet on Gas Is Wrong?

Talk to a Big Oil executive these days, and the chances are they’ll steer the conversation toward gas. “In 20 years, we will not be known as oil and gas companies, but as gas and oil companies,” Patrick Pouyanne, chief executive officer of French giant Total SA, told a conference in St. Petersburg last month. Patrick [...]

By | 2017-07-27T15:40:32+00:00 July 27th, 2017|

Authorities step up search for oil offshore Jamaica

The search for oil offshore southern Jamaica continues as a second series of exploration activities, specifically 2D seismic surveys, are expected to begin before the end of this week. The exploration activities, which are being underatken by Tullow Oil — an independent oil and gas exploration and production company based in the United Kingdom — [...]

By | 2017-03-25T16:29:54+00:00 March 25th, 2017|

Solar Disconnect – JPS And Renewable Energy Providers At Odds Over Impact On Consumers

From left: Renford Smith, Marcus Grant and Alan Searchwell connecting the electrical components of a solar panel at the Wigton Renewable Energy Training Lab in Rose Hill, Manchester, recently. As the debate intensifies over the possible rate increases which could face Jamaicans as more and more customers leave the Jamaica Public Service Company's (JPS) grid, [...]

By | 2017-03-18T20:09:45+00:00 March 18th, 2017|

Solar Could Beat Coal to Become the Cheapest Power on Earth

Solar power is now cheaper than coal in some parts of the world. In less than a decade, it’s likely to be the lowest-cost option almost everywhere. In 2016, countries from Chile to the United Arab Emirates broke records with deals to generate electricity from sunshine for less than 3 cents a kilowatt-hour, half the [...]

By | 2017-01-03T16:56:03+00:00 January 3rd, 2017|

Donald Trump Could Be OPEC’s New Best Friend

Last week, I wrote that OPEC needs friends and a miracle to re-balance the oil market. Could President Trump be that unwitting buddy, providing the miracle by tearing up the nuclear agreement with Iran and removing almost a million barrels a day of supply at a stroke? Trump's number one priority is to dismantle the "disastrous" [...]

By | 2016-11-14T16:42:16+00:00 November 14th, 2016|

‘We Want Investments And Jobs – But Not At Expense Of Public Health And Climate’

At least one local environmentalist has hit back at Sally Porteous, custos of Manchester, over her arguments urging the Government's authorisation of a coal plant for a US multibillion-dollar investment into the Alpart alumina plant in St Elizabeth. The Chinese-owned Jiuquan Iron and Steel Company (JISCO) is planning to spend US$3 billion or J$387 billion [...]

By | 2016-11-08T13:44:35+00:00 November 8th, 2016|

Millions More! – Parliament To Be Asked To Approve New Oil Hedge

Governor of the Bank of Jamaica (BOJ) Brian Wynter and Financial Secretary Everton McFarlane have come out defending the costly 'insurance' Jamaica has taken out against oil prices as the expiration date nears and a new one is being prepared for Parliament's approval. Hedging is an investment position used to reduce substantial losses that could [...]

By | 2016-10-21T15:12:04+00:00 October 21st, 2016|