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17 April 2019

Global Energy Briefing No 174: International Energy Markets & Company Strategies (DEU/ENG)

By Steffen Bukold|2019-05-20T13:11:34+02:00Wednesday, 17 April 2019|Categories: Global Energy Briefing, Newsletter|Tags: Anadarko, BAIC, BJEV, Canadian Solar, CEIC, Chevron, China Longyuan Power, Cnooc, CPFL, EDF, Enel, Enercon, Equinor, Eskom, Glencore, Goldwind, Gunvor, Huadian Fuxin Energy, Huaneng Renewables, Iberdrola, IEA, Invenergy, JinkoSolar, Longi Solar, NextEra, Nordex, OPEC, PDVSA, Petrochina, RWE, Saudi Aramco, Senvion, SGRE, Shanghai Electric, Siemens Gamesa, Sinopec, Tohoku, Total, Toyota, Tradewind, Trafigura, Vestas, Vitol, Xcel|0 Comments

German + English Edition Available!

Our April newsletter Global Energy Briefing (No.174, 53pp) covers two topics:

A. Prices and market balance in the oil, gas and hard coal markets worldwide.

B. Company strategies and market trends in fossil and renewable energy markets (including EV and batteries).

Some focus topics of this issue are:
(a) Price divergence between fuels has further deepened: Oil, carbon up, gas, coal down; price outlook Brent
(b) the changing character of the US gas market; gas flaring in the Permian

c) Global oil companies: Three strategic groups emerging – features and outlook; China´s oil giants under pressure;
d) LNG and commodity traders;
e) PV giants: strategies and financial balances
f) Global wind turbine makers: rankings and financial stability; market access to China remains difficult
g) Shell´s utility strategy; global overview: NextEra, Xcel, Eskom
h) Electric vehicles: New EV policy in China; update global statistics

Please find more on our newsletter subscription options here, or follow us on Twitter here. The newsletter is available in ENGLISH and in GERMAN.

25 March 2019

Global Energy Briefing No 173: International Energy Markets and Company Strategies in March 2019 (Deutsch/English)

By Steffen Bukold|2019-04-17T12:18:54+02:00Monday, 25 March 2019|Categories: Global Energy Briefing, Newsletter|Tags: China Longyuan Power, China Power Clean Energy Dev., Datang Renewable Power, EDP, Envision, Goldwind, Huadian Fuxin Energy, Huaneng Renewables, Longi Solar, National Grid, RWE, Saudi Aramco, Senvion, Shell, Siemens Gamesa, sonnen, SPIC, Tongwei, Vestas, VW|0 Comments

The new edition of our newsletter Global Energy Briefing (No.173, 53pp) covers two topics:

A. Prices and market balance in the oil, gas and hard coal markets worldwide.

B. Company strategies and market trends in fossil and renewable energy markets (including EV and batteries).

Some focus themes of this issue are:
(a) oil price outlook and 2019/2020 shale oil volumes; the slump in global gas prices; update EV sales statistics;
(b) preliminary model of “strategies in transition”; the future of the Permian Basin; strategic moves by Shell, Saudi Aramco, Tongwei, LONGi, SPIC, Senvion, Iberdrola, EDP, RWE, VW; trends in the global FTM and BTM battery markets.
(c) vademecum: global energy data.

Please find more on our newsletter subscription options here, or follow us on Twitter here. The newsletter is available in ENGLISH and in GERMAN.

18 February 2019

Global Energy Briefing No 172 : International Energy Markets in February 2019 (English/Deutsch)

By Steffen Bukold|2019-05-20T13:10:50+02:00Monday, 18 February 2019|Categories: Global Energy Briefing, Newsletter|0 Comments

The new edition of our newsletter Global Energy Briefing (No.172) covers prices and trends of major energy markets worldwide. Main topics are: Oil market & oil price outlook, gas markets (EU, US, LNG/Asia), hard coal prices, EV sales statistics; global energy data.

Please find more on our newsletter subscription here, or follow us on Twitter here. The newsletter is available in ENGLISH and in GERMAN.

28 January 2019

Global Energy Briefing No 171 : Markets and Strategies in January 2019 (English/Deutsch)

By Steffen Bukold|2019-05-20T13:10:27+02:00Monday, 28 January 2019|Categories: Global Energy Briefing, Newsletter|0 Comments

The new edition of our newsletter Global Energy Briefing (No.171) covers prices, trends and strategies on major energy markets worldwide. Topics are among others: Oil markets, gas markets (EU, US, LNG, Asia), hard coal prices, PV module price trends, EV sales statistics

22 January 2019

Map: Russian LNG and Gas Pipelines

By Steffen Bukold|2019-05-20T13:10:02+02:00Tuesday, 22 January 2019|Categories: LNG, Russia|Tags: Gazprom, Novatek|0 Comments

Russian gas players are expanding their LNG infrastructure. Latest addition: Third train at Novatek´s Yamal LNG. Great map by S&P Global Platts.

21 January 2019

Big Oil abandons oil sands – Canadian companies step in

By Steffen Bukold|2019-05-08T19:42:10+02:00Monday, 21 January 2019|Categories: oil industry, oil sands|Tags: Imperial Oil, Suncor Energy|0 Comments

With the notable exception of ExxonMobil, oil majors are leaving the Canadian oil sands sector. They are replaced by Canadian oil companies.

Imperial Oil, majority owned by ExxonMobil, recently declared it would continue its US$2 billion Aspen project in Alberta. In contrast, Shell and ConocoPhillips are selling their oil-sands assets. Other majors may follow. The reasons are manifold:

An increasing number of important institutional investors shareholders shun carbon-intensive oil sands exposure as much as coal.
Moreover, multi-decade oil sands projects are in contrast to a more flexible and more diversified investment approach which is the “strategy du jour” in board rooms these days. Short-term shale projects, diversification into gas, or even offshore wind, meet off-risk demands in a better way.
The main problem, however, for all oil sands operators is logistics. The existing pipeline capacity to consumer areas is exhausted. Rail, barge and even truck transport are used but at a considerable cost and with limited capacity.

When transport bottlenecks pressed most Canadian crude prices to just 13 $/b politics stepped in. Large Producers such as […]

18 January 2019

Electric Car Sales 2018: China storms ahead RoW. Global EV market share at 2.1 percent

By Steffen Bukold|2019-05-08T19:39:30+02:00Friday, 18 January 2019|Categories: China, electric vehicles, internal combustion vehicles (ICV)|0 Comments

Electric car sales climbed by 65 per cent in 2018 and reached the 2.0 million unit mark, as preliminary numbers suggest.This corresponds to a 2.1 per cent share of global car sales.China´s EV market share climbed to 53 per cent, i.e. the country sold more EVs than the rest of the world.

17 January 2019

Made in Japan: The British nuclear exit – Hitachi abandons all nuclear projects

By Steffen Bukold|2019-05-08T19:54:27+02:00Thursday, 17 January 2019|Categories: nuclear industry, United Kingdom|Tags: CGN, E.ON, EDF, Hitachi, RWE, Toshiba|0 Comments

1. Hitachi´s exitJapanese industrial conglomerate Hitachi (6501:JP; $30bn market cap) abruptly stops its nuclear power projects in the U.K. They announced to book a loss of $2.8bn (300bn Yen) to write down its British nuclear business. Hitachi also said they will shift away from the reactor sales business worldwide. After the $6.4bn acquisition of ABB´s power grid division in last December, the risks to its balance sheet apparently were judged too high. Financial investors welcomed the step. Hitachi

16 January 2019

The glass ceiling of global clean energy investment – new BNEF numbers cast doubt on market approach

By Steffen Bukold|2019-05-08T19:52:25+02:00Wednesday, 16 January 2019|Categories: China, clean energy, investment trends, pv industry, wind turbines|Tags: BNEF|0 Comments

Bloomberg (BNEF) reported today a first estimate on global investment in clean energy in 2018. It dropped 8 per cent to $332.1bn.

The good news is that falling cost of wind turbines and solar panels somehow blur the impact of this sum. In terms of sectors, only wind and solar attracted more than $10bn :

Wind investment was down 3% to $128.6bn (hereof offshore +14% to $25.7bn)
Solar investment was down 24% to $130.8bn (mainly due to a 53% slump in Chinese investment to $40.4bn)

In geographical terms, the downturn was mainly due to China where investment was down 32% to $100.1 billion. That was still enough to keep the top spot, followed by the U.S. (+12%), Japan (-16%), India (-21%) and Germany (-32% to $10.5bn).

The authors expect another reduction of both costs and overall investment in 2019. This would be bad news for #wind turbine and #PV cell/module makers.

The really disappointing news, however, is the stagnation of clean energy investment for nine years in a row, as the chart shows. Since the year 2010, […]

15 January 2019

Oil majors in transition: Shell to bid for Dutch Utility Eneco

By Steffen Bukold|2019-05-20T13:03:29+02:00Tuesday, 15 January 2019|Categories: Netherlands, oil industry, utilities|Tags: Eneco, PGGM, Shell|0 Comments

Oil & Gas Major Royal Dutch Shell and Dutch pension fund PGGM formed a consortium to take over Dutch utility Eneco.

Eneco

Eneco is owned by 53 Dutch municipalities. In a turbulent political process they have decided to sell the company a few months ago. The company value is estimated in the region of €3bn.

Total turnover in 2017 was €3.4bn. Although more known for its renewable investments, Eneco still generates half of its power (10.3 TWh p.a. in 2017) by fossil fuels, mainly gas.

Eneco also has a large trading division focused on gas trading (45.3 TWh) and power trading (21.5 TWh).

Shell

The Dutch/British gas and oil giant recently declared to invest $1-2bn per year in its New Energies division, established in 2016. This corresponds to 4-8% of its total investment of around $25bn.

Its European peers (in contrast to its US peers) pursue similar strategies: BP, Total, ENI and Equinor have pledged around $0.5 bn per year for renewables. ENI plans to increase renewable investments from 0.5 to 1.2bn over the next years. And Equinor even announced […]

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