Category Archives: Uncategorized

Energy storage has the potential to disrupt the energy market in a big way | Morgan Stanley

Storage makes renewable energy available when it’s needed the most. Peak electricity usage happens in the early morning and evening, whereas peak production of solar energy is midday and at night for wind. Given the U.S. electric grid’s lack of storage capacity, conventional power plants, including gas-fired ones, are utilities’ most reliable source of electricity.That could be about to change.  In a new collaborative report, “An Underappreciated Disruptor,” Morgan Stanley’s Utility and Clean Tech analyst, Stephen Byrd and Shared Mobility & Auto analyst, Adam Jonas, argue that the price of both solar and wind energy, as well as new storage units, have reached a point where renewable energy can finally become a dependable rather than an unpredictable source of energy. “Demand for energy storage from the utility sector will grow more than the market anticipates by 2019-20,” the report posits. The demand for storage is expected to grow from a less than $300 million a year market to as much as $4 billion in the next two to three years, says the Morgan Stanley report. Ultimately there’s about a $30 billion market for storage units, with capacity for around 85 gigawatt-hours of power storage. That’s enough electricity to light up most of the New York City metro area for a year.

Source: Renewable Energy Storage: The Next Big Power Play | Morgan Stanley

What not to miss at IHS CERAWeek this year – HBJ

IHS CERAWeek is an annual energy industry conference in Houston that tends to draw huge crowds from all over the world — this year’s conference is expected to pull nearly 3,000 attendees from more than 60 countries. Denver-based IHS Inc. (NYSE: IHS) will host the 36th anniversary of CERAWeek March 6-10 at the Hilton Americas Hotel downtown.

Source: IHS CERAWeek to be held March 6-10 in downtown Houston, speakers include Exxon’s new CEO Darren Woods – Houston Business Journal

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Construction Starts in Energy Capital of the World Drop 26.1% in Jan 17 YoY

ghp-houston-building-activity-jan17

Columbia Center on Global Energy Policy Energy Journalism Initiative

The Columbia Energy Journalism Initiative is a program at the Center on Global Energy Policy within Columbia University’s School of International and Public Affairs. The Initiative will educate journalists about the various disciplines associated with the energy sector, including policy, markets, finance, climate change, technology and geopolitics. Moreover, it will introduce participants to a variety of leading sources who can help inform their reporting on this vital topic. The Initiative will hold its first program in summer 2017, and will grow and evolve in subsequent years with additional support to offer more resources, programs and technology tools that meet the changing needs of energy journalism. The program’s initial phase is supported with generous support from the Alfred P. Sloan Foundation and CGEP Advisory Board Member Reid Hoffman.

Source: Columbia | SIPA Center on Global Energy Policy | Energy Journalism Initiative

Glencore’s 2016 financial results in 128 seconds

Lochridge Energy Fund Ranks Top 10 for Performance and Sharpe Ratio in 2016

The Lochridge Energy Onshore Fund ranked #6 for both performance and Sharpe Ratio for 2016 in BarclayHedge’s Discretionary Traders Managing more than$10 million category.

http://www.barclayhedge.com/

http://www.LochridgeCapital.com

 

Trump administration issues new Iran sanctions – Oil | Platts

The Trump administration on Friday issued new sanctions against Iranian entities and individuals connected to the country’s ballistic missile program.The sanctions, against 25 individuals and companies, add to a lengthy list of sanctions the US already has in place against Iran and follow a statement Wednesday by Michael Flynn, President Donald Trump’s national security adviser, that Iran was “on notice” after it conducted a ballistic missile test.During his election campaign, President Trump criticized the nuclear deal the Obama administration brokered with Iran and said he would negotiate a “better” deal, without offering specifics.The deal, formally known as the Joint Comprehensive Plan of Action, resulted in the lifting of Western sanctions on Iranian oil exports a year ago.Iran has ramped up its oil production by about 1 million b/d since the sanctions were lifted.In a background briefing Friday, a senior Trump administration official said the new sanctions were made “outside” the JCPOA and do not impact the deal.The official said no individual or entity which had sanctions dropped under the JCPOA was impacted by Friday’s sanctions.

Source: Trump administration issues new Iran sanctions – Oil | Platts News Article & Story

World Petroleum Council picks Houston as 2020 World Petroleum Congress host city – Houston Business Journal

Delegates of the World Petroleum Council selected Houston to host the 2020 World Petroleum Congress, which is held every three years and is expected to draw more than 10,000 attendees.Houston last hosted the event in 1987, and the city unsuccessfully bid for the 2014 and 2017 events, which went to Moscow and Istanbul, respectively. This time, Houston was competing against Vancouver for the event, which is expected to create an economic impact of between $60 million and $80 million.

Source: World Petroleum Council picks Houston as 2020 World Petroleum Congress host city – Houston Business Journal

Porter Hedges, Latham Advise on Marcellus Joint Venture Split | Texas Lawyer

Randy King, a Porter Hedges partner, is again serving as lead legal adviser for Noble Energy. CONSOL’s team is led in part by Jeffrey Munoz and Robin Fredrickson, Latham & Watkins partners who were partners at Vinson & Elkins in 2011 when they worked on the joint venture formation. Noble and CONSOL  announced a definitive agreement on Oct 31 to separate the five-year-old Marcellus Shale 50-50 Joint Venture, which was formed to explore, develop and operate Marcellus Shale properties in Pennsylvania and West Virginia. Once the agreement closes, CONSOL will operate a 100 percent working interest in almost 306,000 Marcellus acres and Noble will operate a 100 percent working interest in almost 363,000 Marcellus acres.  Noble will also pay about $205 million to CONSOL.

Source: Porter Hedges, Latham Advise on Marcellus Joint Venture Split | Texas Lawyer

2nd Mexico Infrastructure Projects Forum – Monterrey January 18-19 2017

The 2nd Mexico Infrastructure Projects Forum (www.mexicoinfrastructure.com) is a two-day infrastructure event that will take place in Monterrey, México on January 18 and 19, 2017. Organized by Industry Exchange, the event will focus on Mexico´s most crucial infrastructure, clean energy, hydrocarbons and transportation industry investment opportunities and will bring together high-level industry executives from the private and public sector, multi-lateral development banks, and project sponsors from Mexico, the United States, Canada and Europe.  Register before November 30 for the 2nd Mexico Infrastructure Projects Forum in Monterrey and save U$400.