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

By |Monday, 18 February 2019|

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.

Big Oil abandons oil sands – Canadian companies step in

By |Monday, 21 January 2019|

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 […]

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

By |Thursday, 17 January 2019|

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

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

By |Wednesday, 16 January 2019|

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% […]

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

By |Tuesday, 15 January 2019|

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 […]

Global Ranking of PV Cell Producers: China 8 : US 1

By |Friday, 11 January 2019|

Solar expert Finlay Colville recently presented the 2018 ranking of solar cell producers. In a nutshell, Chinese PV companies strengthened their position, in line with Beijing´s NDRC plan to dominate specific global growth industries.

1. About ten years ago the Chinese PV industry accelerated global expansion and strengthened the vertical value chain within China (module, cell, wafer, ingot, poly). But they still faced strong competition from high-quality pure cell producers in Taiwan, Japan and Germany and from thin-film specialists such as FirstSolar […]

Peak Car in 2018?

By |Thursday, 10 January 2019|

What is the state of the Chinese economy? Growth estimates for 2018 differ widely between the official 6.x percent, down to less than 2 per cent.

A strong indicator of weakness is the official car sales number for 2018. It declined, for the first time since 1990, by almost 6 per cent to 22.7 million units. December numbers were even 19 percent below last year, as Bloomberg (CAAM) reported.

The market of combustion engine […]

Wind Turbines: Vestas – The First Global 100 GW Wind Giant

By |Wednesday, 9 January 2019|

Danish wind turbine giant Vestas reached a total installed capacity of 100 GW in late December 2018, according to company press releases. This equals a share of 16.7 percent of the world´s total installations of c. 600 GW wind turbines. Since 1979 the company has installed 66,000 turbines in 80 countries across the globe.

Order inflow looks promising with a record 12.9 GW in 2018 after 11.2 GW in 2017. The company reinstated its […]

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