Oil lifeline for the Libyan economy The Sidra refinery can produce , barrels of oil every day. Please contact us for subscription options. International conference on Libya backs electoral process, demands foreign forces withdraw.
Algerian president not to attend Paris conference on Libya. Turkish president receives head of the Libyan High Council of State. We use cookies in a limited and restricted manner for specific purposes. For more details, you can see "our data policy". Your opinions matter to us times;. The rules would also add to the cost of other state subsidies, and the greatest burden may fall on Ohio , which is trying to prop up coal and nuclear plants. Meanwhile, utilities across the US are continuing to make plans to shift further towards renewable energy.
Jeff St. Geothermal energy has lagged behind wind and solar in California, but its ability to supply electricity when needed means it is picking up momentum again. Last year was the worst on record for power outages in South Africa. The state-owned electricity monopoly Eskom has been hit by a series of problems , including design flaws and cost overruns at two new large coal-fired power plants.
This week it took a practical step towards that goal, if only a relatively small one. And finally: science fiction stories are often interesting for the speculation about future energy systems that is built into them, and it seems the new Star Trek series Picard is no exception.
A shot in the first episode appears to show the Golden Gate Bridge covered by a solar roadway. Perhaps by the 24 th century, which is when Picard is set, the technical difficulties will have been ironed out.
Simon Flowers — Global upstream investment: the trends in Ted Nordhaus — Ignore the fake climate debate. FT View — The energy transition will not come cheaply. Robert Shrimsley — The ideal time not to buy an electric car. Gillian Tett — The world needs a Libor for carbon pricing.
To embrace the possibilities of tomorrow, we must reject the perennial prophets of doom and their predictions of the apocalypse. Gas is in abundant supply right now, and prices have fallen sharply, driven in part by the warm winter in much of the US. Our analysts do not expect any sustained recovery this year.
Here's how to get Energy Pulse:. Libya is fast approaching the year anniversary of its first civil war and the disruption that was unleashed. Oil production has been extremely volatile, and the travails over the current oil export blockade highlight just how unpredictable Libya is. If the country is able to reach a political and security settlement, we think the oil industry recovery could follow three broad stages. The first is a simple re-opening of wells, flow-lines and exports.
The second stage is operations-focused basic maintenance, well-workovers and simple fixes. The third stage requires a return of meaningful investment to expand capacity. For the international oil companies IOC operating in Libya, it has been a case of hanging on and hoping for a return to stability.
If the above-ground situation improves and production recovers we could see some consolidation as companies revisit their appetite to invest in a meaningful way in their Libyan assets. The situation has improved somewhat since then, with loading resuming at Es Sider and Ras Lanuf after differences with protesters were resolved. The row adds another layer of uncertainty for international oil companies working in Libya, said Illiasse Sdiqui, an associate director at Whispering Bell, a risk-management company covering North Africa.
A transitional government is leading Libya until elections in December. If that vote happens peacefully, it could concluded a United Nations-led process to reconcile rival factions and formally end hostilities in the country. Prime Minister Abdul Hamid Dbeibah has sought to portray himself as a mediator between two sides. Nevertheless, after his meeting the oil minister issued a statement saying his order to suspend Sanalla was still in place.
Over the past seven years, Sanalla has accumulated power that sometimes exceeds his remit as the NOC chairman.
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