20 Burst results for "Wood Mackenzie"

"wood mackenzie" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

06:08 min | 4 months ago

"wood mackenzie" Discussed on Marketplace Morning Report with David Brancaccio

"Live from london. This is the marketplace morning report from the bbc world service. I'm victoria craig. Good morning lebanon's new government has agreed to a forensic audit of the nation's central bank. It's a beneke requirement for the country to receive foreign aid to help ease what the world bank calls one of the worst depressions in modern history. The restructuring firm tapped to carry out the audit withdrew from the same process late last year. Because it didn't have information required. Now it says it'll provide an initial report by the end of this year. In the meantime thousands of tons of iranian oil have been delivered to the country. They were transported by the militant group hezbollah despite us sanctions across the syrian border. The bbc's anna foster explains the feeling of relief washing over people and businesses in the bekka valley in the eastern part of lebanon cycles in the past of the trucks he's an atmosphere jubilation celebration but it is always hard to know how much of this is spontaneous and how much is organized but away from jubilation. This is the reality. The ovens at bakery run for fifteen hours a day on two generators. They don't get any state electricity right. Now don't get enough fuel for today. We're closing today. We're not working tomorrow. there's no silliman. He is the owner. if even they can't buy the what what will they can in anything. They will starve and i will be next baked. It needs to be delivered. But there's no fuel for the vans if you can find an open petrol station. The wait is long from yesterday. I sleep in my gun. I am twenty five years on. I don't have any money nor life. Is he's organized hezbollah he. Is that one person who came. And say i will bring you that that but i'm accepting iranian supplies though transported by hezbollah comes with a threat of international repercussions. This is a small quantity of fuel only about three days worth but hezbollah wants to make a political statement by bringing its here even though the group is part of the administration that so many lebanese blamed for their dire situation at the heart of this. Now is a real dilemma for people alpha laboratories makes intravenous medical solution. The precious liquid used for drips cleaning burns operations. Everything a hospital needs. The company needs fuel to keep production going. But it's general manager. Dr seward are told me she fears the consequences. We should not enter and the political game between having function and having people dying. Because you don't supply. I think i chose not to make them by to save them. The biden administration has been largely silent on the implications of this delivery. Does it influence the letter of these sanctions. All let them pass by given lebanon's dire situation for some hair that uncertainty makes that be ready difficult. Lives be. That's the bbc's anna foster reporting there we'll continue to try to ease the fuel shortages in lebanon the energy ministry. Today hiked gas prices again. By nearly forty percent. Energy prices across europe have hit a record high this week. Access to supplies has been so restricted. That a major fertilizer plant here in the uk has shut down. Production at two locations while in ammonia maker has made similar moves in norway. Catarino filipino is a global gas supply analyst from wood mackenzie. She explained supply. Chain issues are a big part of this problem. That's really this perfect storm. I of the uk. Gas production is down about twenty eight percent. Year-on-year you various planned and unplanned maintenance and project delays secondly asian countries are recovering after pandemic. And they are offering higher prices for liquefied natural gas the pool in it away from the atlantic basin we also see countries like brazil who have low hydrogen operation right now and this also pulls away some lng congress from europe so overall making less energy available for the region normally when prices get so high. There is some switch into call that can happen but cool market is also really tight right now and it's mainly because cool has also suffered some supply disruptions across the globe. We also see very high carbon prices that somewhat limited this switch so all these factors combine. Let us to this high prices. That's katharina phil panko from wood. Mackenzie there. We'll checking some other numbers now. Despite worries about soaring energy prices across the region major benchmarks across europe are rising in the one tenth to five tenths percent range today. Asian stock markets. Meanwhile have bounced back from their sharp declines earlier this week the hang seng closed up one percent in hong kong while the topics gained half a percent and the shanghai composite rose two tenths of a percent to italy not which has become the first european nation to mandate all workers show proof of vaccination a negative corona virus test or recovery from the virus. The bbc's mark lowen has that story from rome from the fifteenth of october. The approximately twenty three million people employed in italy's public and private sectors will be obliged to present a green pass when they show up for work. Failure to comply could carry suspension without pay and a hefty fine. The aim is to persuade the roughly four million workers who have not yet had the job to do so and despite relatively small protests poll suggests the majority of italians support the move as the first country in the west to be overwhelmed by corona virus. And with europe's second highest number of deaths italy has erred on the side of caution throughout the pandemic. And the government is now mulling obligatory vaccinations for the whole population. That's the bbc's mark lowen reporting from rome there and in london. I'm victoria craig with the marketplace morning report from the bbc world service..

hezbollah anna foster lebanon victoria craig beneke bbc bekka valley Dr seward biden administration energy ministry silliman Catarino filipino wood mackenzie atlantic basin europe london katharina phil panko uk
"wood mackenzie" Discussed on WSJ What's News

WSJ What's News

04:36 min | 5 months ago

"wood mackenzie" Discussed on WSJ What's News

"Lull during what appears to be a boom for some answers. Let's bring in the wsj's jennifer hiller. She covers renewables and the energy transition from her base in houston jennifer. Glad you could be here. Hi mark thanks so much for having me on today. Jennifer looking at the data siemens gha mesa invest est two of the largest global manufacturers of turbines reduced profit forecasts for the remainder of the year general electric reported year over year growth in turbine sales but hasn't turned a profit in that segment this year. So that begs. The question has wind suddenly lost its luster so in this still very popular but they are definitely having some challenges in the industry with higher transportation costs big shipping cost increases raw materials increases. And there's a bit of policy uncertainty right now that they're grappling with okay so let's break down some of these barriers even further. Let's focus on the production costs and the challenges of shipping. I mean some of these turbines have blade spanning more than one hundred feet a piece. Is this just another example of the supply chain holdups. We've been seeing during the pandemic so in a lot of ways. This industry is dealing with the same kind of supply chain woes that all kinds of businesses have been dealing with. There's been of course a lot of raw materials increases with inflation. But as you mentioned these are very large blades. Really big machines and they're more complicated to ship than a lot of things. This is not something that fits on a cargo container so they have special ships. They have trucks that are specialized cranes that have to move these things and so it's a more complicated thing to try to ship to begin with. And then you have all of the backlogs at ports around the world and so they have had a little bit more probably struggle here than than some other industries and shipping costs according to wood. Mackenzie have gone up by about four times. That all can impact the bottom line on the topic of subsidies as you mentioned where does the biden administration stand on this. And how does that. Impact sales and revenue sent. This is really interesting because it's not an area that you would expect there to be any issues for this industry. Because the biden administration is clearly supportive of renewables and wants to encourage more growth in this industry and they want to add you know things like wind and solar power across the us that there is basically just not a lot of clarity about the extension of some tax credits and what forms those might take whether there would may be some kind of direct pay option. That could shake up. How projects get financed. There's just a lot of uncertainty that it sounds like maybe settled in the next several months. Maybe before the end of the year that will hopefully give them some clarity but it could sort of have some potential clients on the sidelines. Right now while they wait to see just. What's the environment going forward. Maybe they can also wait a little bit in see of transportation costs. Come down so there's a little bit of thinking in the industry that there are some clients that are on the sidelines. While they wait to see exactly what the tax credits are going to be and maybe if things improve transportation globally so there are all of these challenges now facing the industry with all of that said does wind power still have a viable future. I think so. The long term outlook is really strong for the wind industry. And i think this is. Maybe a temporary lull or a little hump to get over but their outlook is very strong. There are estimates from wood. Mackenzie that there's going to be about double the demand this next decade then. There was the previous decade for wind projects. So i think they have a very strong outlook. But they're just dealing with some headwinds right now. Jennifer hiller joining us from texas jennifer. Thank you thanks so much. Mark and finally as ambitious workers strive to progress in their careers in this new hybrid environment. Planning which days to go back into the.

jennifer hiller biden administration wsj general electric jennifer Jennifer houston Mackenzie us Jennifer hiller texas Mark
"wood mackenzie" Discussed on Coronavirus Daily Briefing

Coronavirus Daily Briefing

06:33 min | 1 year ago

"wood mackenzie" Discussed on Coronavirus Daily Briefing

"Researchers at MIT think they've discovered a new solution to the need for solar energy storage used electric vehicle batteries quoting ee, there are now two million solar energy installations in the United States alone. This number according to Wood Mackenzie and the Solar Energy Industries Association is expected to grow to three million next year and to four million by twenty twenty three yet. Such installations can only generate electrons when the sun is shining. Plenty of solar power will be available during daytime hours with a dearth of power on cloudy days or at night in other words as solar and wind power expands the need for energy storage only ramps up, says Ian Matthews Marie Curie, research fellow formerly at MIT and quotes. Lithium Ion batteries are being used in a lot of cases for solar storage, but they're expensive, and at least currently dependent on rare and limited minerals like cobalt. The MIT team ran in economic model of a grid scale solar farms twenty year, life cycle, using three types of storage, a new lithium ion storage bank, a battery bank built from. The Electric Vehicle Batteries, operating at eighty percent capacity, and not storage at. Quoting again for batteries reduced to eighty percent of their original capacity Matthew said it's reasonable to assume in EV owner will want. From their car and will likely trade up, but grid storage doesn't place such a high premium on extracting every last ounce of energy from every cell for grid storage. Eighty percent performance is good enough especially, if that used battery comes to the solar farm at a good price, the group ultimately found that used easy batteries purchased at eighty percent of their original capacity will deliver marginally better revenues for the solar plant than a similar Bank of new batteries, and if the solar farm can buy those batteries at sixty percent of original retail price, the farm can potentially even return a profit all other factors being. Matthews says these are still coming online in small enough numbers that they're used. Battery packs haven't yet become a big or noticeable force to reckon with, but he expects in a few years time that will probably change used e V batteries could become so widely available that they'd be for any number of energy storage applications end quote. Mathews has begun getting in touch with investors to set up a second life battery marketplace, so that batteries could be organized towards some of those various energy storage applications after their initial electric vehicle tenure has ended. There's a lot of collaboration logistics that will need to be worked out, but the idea of giving in all ready eco-friendly item, a second, even more eco-friendly life is very cool and definitely the type of solution that we need to be having more of. Kids in Virginia aren't going to be able to use closed libraries and bookstores as an excuse not to do their summer reading because Google's sister company wing is going to be delivering library books to their houses. The drone thanks Google. Why Wing in West Virginia will quoting the Washington Post wing a company owned by Google Parent Alphabet received federal approval last year to deliver by drone in Virginia beating Amazon. Prime air to the public testing milestone, the company also delivers packages which can weigh up to about three pounds in Helsinki and two Australian cities. The tests serve relatively small numbers of people and. And expansion plans in the United States hinge on the Federal Aviation Administration approval wings started delivering household goods and meals from walgreens and local restaurants to a limited area of the South West Virginia town that covers several thousand homes, last October and quotes the upcoming library book delivery. Service is primarily thanks to the efforts of Kelly Pasic a middle school librarian who has been pushing for the use of drones for Book Delivery Service since last fall when she first noticed how quickly her wing orders were arriving at her house after the company launched its test site last year in Christian Berg Virginia. When schools I closed in the spring. Do the pandemic PASOK and other district librarians had books delivered to the students on the school buses that delivered breakfast and lunch to every district student each day now, thanks to pass hard work, and perhaps the added Passion of Wings Head of Regina Operations, whose mother is also a librarian book deliveries to students via drone will begin this week. Roughly six hundred students who live in the delivery zone will be eligible to receive the library books and they won't have to return them until school resumes in the fall. Ending today with a youtube channel recommendation of sorts, it's been around quite a while, but I just discovered it this morning when a friend shared one of their videos in a group chat. The channel is called epic, Happy Birthdays, and they have thousands of birthday videos featuring different names that you can send what feels like a customized birthday video to your friend on their birthday, though it is a bit like trying to find your name on those tiny license plates at five and dime, so if you're looking to send a birthday message to someone with a more unique name, you might want to utilize the company's custom video option on their website. Unlike the free videos on their youtube channel, it does cost money to get a fully customized one. Now, I know customized birthday. Greetings are nothing new. In fact I've seen some recently. They use some type of deep fake technology to make animated characters perfectly mouth and sing people's names and custom birthday greetings, but it might be that exact advancement of technology that makes these simple videos appealing to me. The larger reason I'm recommending it though is because these videos are hilarious. They come in a few. Few different varieties, including their original epic version in epic, cats version in Alien remix, a sloth, rap and sort of drake shoot esque. It is your birthday song. The graphics while well produced are that sort of chaotic style that looks like the early two thousands Internet vomited onto a ten eighty p video. There's dinosaurs explosion lots of stock, film and images horrible font choices I mean it is. Definitely not for everyone, but it is perfect for someone in your life. You've got to watch them to really get the gist, but I will play you a quick clip of the original epic birthday song to give you an idea. Today just so happens to be Peter Gingrich's birthday, so here is the happy birthday. Peter Epic Happy Birthday Song..

Ian Matthews Marie Curie Solar Energy Industries Associ MIT United States Virginia Google Wood Mackenzie Peter Epic West Virginia youtube research fellow EV Peter Gingrich
Developing long duration energy storage

The Energy Gang

05:48 min | 1 year ago

Developing long duration energy storage

"What a year it's shaping up to be for. Storage manufacturing has taken a hit and some projects are getting delayed for obvious reasons Our analysts that would mackenzie say that. The coronavirus crisis will trim twenty twenty forecasts for Battery Installations. Globally by almost twenty percent. But they still expect it to be a record year and the projects that caught our eye are not going to get built this year but they do show the strength and resiliency of this market a few examples here. A coal plant in North Dakota is going to be replaced. In part with a one acre battery array that uses a new technology capable of discharging for a hundred and fifty hours. That's more than thirty times longer than a lithium ion batteries. The Electric Utility in Hawaii just awarded contracts for sixteen projects that add up to more than three gigawatt hours of storage and those will replace an oil fired. Coal-fired Power Plant in California Southern California Edison signed contracts for seven hundred seventy megawatts of batteries. Many of them paired with solar projects to replace aging gas plants plus in China more hybrid wind solar and battery plants are starting to emerge and wood. Mackenzie expects rapid growth in batteries within China in the coming years. It's the country will lead Asia. This lead Dan Foley who would McKenzie's head of energy storage to proclaim to our journalist at Green Tech Media The utility energy storage market is blowing through milestones faster than we can report them for example those Sei projects are together worth two hundred megawatts more than the entire twenty nineteen market says Fin Foley. So let's go through these. I think we should focus on the bright shiny objects I. What do we know about this form? Energy Project Catherine mentioned this at the end of a recent show so catherine what is Great River Energy who is form energy and what kind of battery could emerge from. This relationship is a great river. Energy is the largest generation and transmission co-op and what that means is it generates and provides power under long-term contracts to a bunch of member. Co Ops like twenty eight member Co ops and this is how a lot of the COP system is formed in the US where they're small co ops that are often serving rural communities. They are very much about keeping costs low for their customers and customers. Own the CO OPS. They are customer owners but then they sign up for long term agreements with these GMT providers. Because it does save the money in the long run and a lot of these. Gmt providers we've seen have these long term contracts For old coal plants and so great river energy is one of those GM GMT's and they made a decision a while back to shut down coal a coal plant call strip and they have been thinking about. How are we going to backfill it? And what are we going to use to do that? And so they've certainly been deploying a lot of renewables and they just recently entered into this agreement with Form Energy and forum is a start up Led by Matteo Harm. Yo who came out of TUSLA. He was the energy storage guru there yet mingchang. Who's an MIT professor? Who has been really another brains behind storage and Ted Wiley who co-founded Aquaman and energy storage company and there are a couple of other. Mit folks. Billy Woodford and Marco Ferrara and there. It's just a team of incredible minds. Who decided to try to calm at storage by thinking about it it as potentially being able to replace all of these Uncaught non cost effective coal plants and so their technology seeks to be super cheap long-duration Nontoxic something you would find everywhere to be able to you know. Put together a type of a flow battery that could just replace the footprint of any fossil fuel plant so that is their goal. And that's what a great river energy has decided to take a bet on. Let's talk about the tech first and then the rural cooperatives piece second jigger. This is a battery. We don't know much about but they call it an aqueous air battery. What does that mean well? Basically in it uses more abundant materials. Because what you find is as that the metals wondering yeah we'll water but also the metals they're using or quite Easy to find and so it's aluminum zinc magnesium etc right. And so so what you find is that they have this ability to use low-cost materials right and they're able to Store lots of energy so when you think about this ad. Matteo talks about this in his interview The way that Lithium. Ion Batteries work is that you can actually charged quickly and discharged quickly but at the same time basically to charge it as to discharge it. And so what you find. Is that these batteries It's around like sort of being able to constrict the nozzle and only making it one megawatt right because you can imagine that you could make a lithium ion battery that's a hundred megawatts incised but only dispatch one megawatt at a time and then make it last one hundred fifty hours now. The problem with that those. It's a super expensive way to get one hundred fifty hour battery whereas this is a much cheaper way. It's it's similar to sort of Etienne redux batteries and others were the basically have this. The fluid that that holds the charge can be expanded at a very low cost. The fuel cell that converts that fluid into energy that's utilized is the expensive

Great River Energy Form Energy Mackenzie Matteo Harm MIT China Dan Foley North Dakota Catherine Asia California Lithium United States Edison
Coronavirus, Oil, and Kansas

Planet Money

07:11 min | 2 years ago

Coronavirus, Oil, and Kansas

"Okay Jacob first thing. We've got to talk about here. Is OPEC the Organization of Petroleum Exporting Countries? Which is this amazing global economic thing. Yes so okay. Opec goes back to the nineteen sixties. That's when a bunch of oil. Exporting Countries all got together and they ask themselves this basic question. Why are we all competing with each other? Why are we all pumping more and more oil and selling it for lower and lower prices when instead we all just get together and agree to limit production and sell oil for a higher price? So they formed. What's called a cartel? A cartel is basically just a bunch of different people or companies who are in the same business or industry and they get together and agree to limit production and coordinate prices. Doing this form. A cartel is any industries basically. It's their dream. Come true you know. Instead of competing out in the brutal world of the free market you just carve up the market with your pals and let the prophets role. In in fact the only reason more industries don't do this don't form cartels is because it is wildly illegal if all say that airlines in America got together and decided. Let's just coordinate on routes and fares and they got caught. They would be massive legal trouble but those. Us rules don't apply to the countries and OPEC they're Muslim countries in the Middle East and Africa. And they're those oil industries are largely controlled by their governments themselves. So they're oil. Ministers can get together and decide how much oil each country is going to produce for decades OPEC was this cartel unofficially de facto lead by Saudi Arabia. That had all this power over the world's supply of oil when OPEC decided to cut back. The price went up when they decided to pump more. The price fell and then just in the past decade or so that changed fracking took off the United States and suddenly the US was producing all this oil and the US of course the oil industry is private not public the US is not part of OPEC so the rise of US oil production meant that the Saudis and the other OPEC countries could no longer cut back on production and control. The price like they used to. The cartel was just not that strong anymore so to fight back. Opec got bigger the teamed up with Russia. We don't really think of Russia as a petro state but it sort of is. I didn't really realize this before we started working on the story but along with Saudi Arabia and the US. It's one of the three biggest oil producing nations in the world. Something like half of its government. Budget comes from oil and gas revenue. People started calling this new group of Saudis and the Russians and everybody else OPEC plus sounds like a boring streaming service. Actually a pretty effective global mega cartel and in two thousand sixteen the OPEC plus countries agreed to cut production. Prices started going back up and the cartel dream was back. The cartel was working until just a few days ago when something at the cartel went horribly wrong and Mary. When we came in Monday morning we saw this stuff happening in the oil market. I asked You like. Who Should we talk to? So my immediate thought was Ed Crooks if I have to phone a friend on oil. I'm calling Ed. He used to cover energy at the times for ages. Now he's at an energy consultancy. Wood Mackenzie so on Monday. Ed came in to help us make sense of what was going on. It's one of those days that you get very very rarely In life very rarely the oil market or in any other business which is a really dramatic unexpected event. That completely changes your world. Ed says okay to understand what is just happening in the past few days with oil. Start by going back. A couple of months. Think about China's response to the corona virus. Which of course we've heard a lot about but this time think about it from the point of view of oil what we saw in China were these very very Severe measures in order to curb the spread of the virus and so there's a lot of factories closed huge restrictions on travel. People would not driving around goods. Not being trucked around people would not flying and so all of those things hit oil demand in China in particular and China is the world's biggest oil importer so in the first few months of this year the global demand for oil fell by the most since the financial crisis more than ten years ago and the price of oil just started falling so just last week. The country's in OPEC in the oil cartel got together to do what cartels do European countries got together on Thursday. And they said right. This is all plan. We need to count a production by one point five million barrels a day to the end of the year we should bring the oil market back into balance. And that way everybody. Happy and prices will stabilize so that is old school. Saudi led OPEC the next day. They go to meet with. Opec plus basically adding in the Russians. The Friday you start hearing noises from the Russian Camp. Well then not happy about this. They weren't necessarily going to go along with it. So it's getting weird. There are delays. It's clear that not all is well. It's clear that you aren't just going to have an easy agreement. Everyone coming out and smiling and shaking hands or maybe not shaking hands and saying yeah. We've all agreed on this. One point five million barrels a day cut and the time dragged on and then the meeting kind of broke up in chaos and the this was the really kind of telling a comment when the Russian Energy Minister Alexander. Novak walked out of the meeting. He said everyone can pump as much as they want. He said you can pump it will. What did you think when you heard what had happened so I thought wow with my first reaction? I thought that the edited version. I mean the whole point of a cartel is UK at pump as much as you want right exactly. That discipline is everything. A cartel needs to things. It needs as larger market share as possible as many members as possible and it needs discipline and on Friday. It seemed to lose both of those things and then in the days after the meeting Russia and Saudi Arabia both went further. They said okay. Not only. Are we not going to cut production. We are going to increase production that promise of increased supply. Even as demanded falling led to that giant fall in oil prices on Monday. There is this really basic question here. Which why these countries have this dream thing that most businesses would kill for a cartel they can rig the market in their favor. All they have to do is agree to cut production. Why didn't they do that? The absolute truth of the of the. Why did this fall apart? One is that we are still trying to find out I'll selves. We don't really know but it does have an educated guess. It's frankly the best explanation I've heard for what happened and I love it because it speaks to. What's going on here with OPEC but it gets at this really basic kind of human tension that exists in any cartel. It works like this everybody in the cartel agrees yes sure we should cut production and

Opec Saudi Arabia Ed Crooks United States Russia Jacob China Middle East America Russian Camp Wood Mackenzie UK
"wood mackenzie" Discussed on World Oil's Daily Brief

World Oil's Daily Brief

09:37 min | 2 years ago

"wood mackenzie" Discussed on World Oil's Daily Brief

"Welcome to the daily brief the world. Oil podcast network daily review of market news emerging trends new technologies and the people who are advancing the oil and gas industry. Here's Cameron Wallace with your top news. Stories of the day. Good afternoon and welcome to the World. Oil Daily brief podcast. I'm Cameron Wallace and easier. Top Oil and gas headlines for Tuesday February the eleventh today. We'll take a look at corona viruses impact on Chinese gas demand in the US. Natural gas prices fall to a four year. Low and oil is holding fifty dollars a barrel as it appears that OPEC won't take any emergency action. I up the impact of the novel. Corona virus on Chinese gas demand will depend on both the severity and length of time required to contain the outbreak. Wood Mackenzie Research Director Robert. Sims estimates gas demand lost China has reached two billion cubic meters by the end of the first week in February with more than half of this loss concentrated in the Industrial Sector. Though many international airlines have suspended travel to and from China through March and April Sims expects domestic flights to resume in February with the resumption economic activity although limited wood Mackenzie estimates a full year. Gas Demand Reduction of between six and fourteen billion cubic meters at twenty twenty depending on the length of time required to contain the outbreak. You're on your growth. Rates dropped six percent and four percent respectively mostly the result of downgrades as compared to pre corona virus outlooks of eight percent of growth domestic upstream. Gas Production is affected by preventive measures to control the virus and travel restrictions have reduced manpower onsite however as baseload pipeline gas can be delivered in closed off operations. It is less affected. Wood Mackenzie is forecast domestic supply to be lower by between one point six and two point nine billion cubic meters ellen g will bear the brunt of this reduction domestic gas demand although some disruption to domestic gas supply is also expected to travel restrictions and reduced operations. Wood Mackenzie currently estimates the downside impact Chinese Ellen. G demand as between two point six million tonnes in the best case with recovery by April and six point three million tonnes in a more prolonged case with slow return to normal. The Corona virus outbreak and his impact on Chinese gas demand could have come at a worse time for the already oversupplied Global Ellen. G MARKET DISAPPOINTING. Apec demand growth contributed to the having LNG prices through two thousand nineteen and further new volumes emerging from US producers. Wood Mackenzie was already anticipating lower prices through two thousand twenty prior to the corona virus. They had expected the Pacific market to absorb nineteen million tons of the approximately twenty seven million tons of new supply. Growth in twenty twenty. This assessment was based on the view with the Pacific demand. Growth would rebound significantly from last year. However warm weather through December and January in northern Asia has already put pressure on inventory levels in China South Korea and Japan and further weakening already soft North Asian spot market with too much ellen g and nowhere left to place it. It looks like a supply correction is needed to balance the market. Would Mackenzie is expecting supply response in some markets like Egypt and potentially eastern Australia? We're the likes of shell an AP L. G. could attempt to sell gas into the domestic Queensland gas market however it is us Gulf producers who have the highest marginal cost of supply and the most flexibility. The Chinese government said would offer support for companies seeking to clear force Missouri on international contracts. The first such reported notes were sent by last week to Ellen G SUPPLIERS AND CNPC and sign a PEC could follow suit entering force. Measure is rare in LNG markets and. We'll be contractually complex contract. Wording will need to explicitly include epidemics as force majeure events demand-reduction on its own or noticed by relevant Chinese government. Authority will likely be insufficient in addition prior to being released from their obligations to receive cargo. Buyers would need to follow contract procedures proving that actions had been taken to minimize overcome the impact of the force majeure event total contracted volume into China in two thousand twenty is fifty four million tons per annum still less than the two annual demand scenarios presented Mood Mackenzie's best case and prolong case so while major Chinese buyers may call for force. Major suppliers may insist on trying to deliveries to later in the year once demand impact of Corona virus has diminished given the widespread between high contractor prices and low spot market prices expected to persist through twenty twenty. There is a strong commercial incentive for each side to resist the actions of the other. If buyers do succeed exercising force measure the revenue impact on sellers could be significant. The approximate price for many of these oil index contracts is around fourteen point five percent of oil range equivalent to eight dollars and eighty three cents per million. British thermal units this compares with spot prices of around three dollars and fifteen cents per million. Btu's Today's episode of the daily brief is brought to you in part but Energy Web Atlas Energy Web Atlas delivers real time market data analysis and coverage of midstream infrastructure and downstream projects as the most comprehensive tool in the market energy web atlas provides access to key global project details and context for operating licensing construction engineering companies. This is the only fully integrated global intelligence platform for liquids and Gas Pipelines. Ellen G gas processing and refining petrochemical projects users can effectively pursue new business opportunities with greater market insight and the most current project intelligence to learn more visit Energy Web Atlas Dot Com in the US. Natural gas futures sank to a four year low as the latest forecasts all but eliminate bulls hopes for late winter. Cold push frigid weather in parts of the Midwest and West. This week won't stick around for long. According to Commodity Whether Group LLC mild temperatures are poised to blanket the eastern half of the country February a shift from previous outlooks that showed lingering chill. Unusually warm weather has wreaked havoc on gas demand allowing an onslaught of supply from shale basins to overwhelm the market American liquefied natural gas cargoes a key outlet for production are at risk of being curtailed as the corona virus outbreak in China curbs consumption the resulting collapsing. Gas prices is squeezing profits for us. Exporters the gas glut has been especially severe in the Permian Basin. Local prices for March delivery dropped below zero output from the West Texas New Mexico shale play or gases extracted as a byproduct of oil drilling is increasing so fast that there isn't enough space on pipelines to take it away guess futures for March delivery slid five percent the lowest settlement since March ninth two hundred sixteen the premium for April gas over the March contract widened to three point. Eight cents a sign that traders don't expect an end of winter supply crunch finally today. Oil is holding near fifty dollars a barrel in New York on signs that OPEC and its allies. Probably won't go ahead with a much touted. Emergency meeting even as global oversupply piles up. While the coalition's technical experts have recommended a production cutback as corona virus batters demand Azerbaijan's energy minister told. Ria Novosti news wire that the group is unlikely to holding early meeting Saudi Arabia's pushing for action yet key partner Russia has so far resisted as the alliance dithers conditions in Global. Crude markets are deteriorating a discount on prompt crude which appeared in Brent Front month contracts last week for the first time in a year is taking hold in the futures market the pattern which is known as tango and usually indicates oversupply now extends all the way through September contracts oil short-selling has more than doubled in just two weeks hedge funds boosted bears wagers against WTI crude by forty one percent in the week ended February fourth following a fifty two percent surge a week earlier another indicator closely watched by traders. The so-called red spread between December contracts and consecutive years is also shifting towards tango after collapsing from a dollar thirty one a barrel and late January to just four cents on Monday OPEC and its allies. Have shown some readiness to intervene with a committee of technical experts counseling last week that the coalition which pumps about half of the world's oil should deepen existing production cuts by an additional six hundred thousand barrels a day during the second quarter yet Russia. The biggest crude producer within the group hasn't yet announced whether it will back the policy or meeting before the group scheduled early March gathering to make it happen. Prices could come under further pressure if talks aimed at ending the conflict in Libya were blockade of ports has pushed production to the lowest level since two thousand eleven lead to a restoration of output. A two day meeting started. Sunday is being closely watched for any sign of a deal that could restore over one million barrels a day of output to global markets. And there you have it our top oil and gas new stories for Tuesday February. The eleventh content is courtesy of world oil magazine and Bloomberg News Service. Treat more on. Today's topic's please visit world oil dot com slash news. I'm Cameron Wallace. Thanks for listening today. Thanks for listening to the daily brief on the world oil podcast network. If you have any questions or comments on the program please email editorial at world oil dot com and check the show notes for more information about today's episode. Don't forget to subscribe either on Apple podcasts. Or wherever you get your podcast also be sure to visit world oil dot com for more information about today's stories and sign up for our free daily.

China OPEC US Cameron Wallace Wood Mackenzie the daily brief Oil Daily Mackenzie ellen g oversupplied Global Ellen world oil magazine Wood Mackenzie Research daily review
"wood mackenzie" Discussed on WGN Radio

WGN Radio

03:10 min | 2 years ago

"wood mackenzie" Discussed on WGN Radio

"Job under way here in the third period devils control the puck Seaver Senate the double line of the right wing try to shoot a passing hit hit Blake colder with that passes Romans hobbling a little bit we stand out there the person with the past to call it into the hot zone died the little from the park at the double line didn't bother to much this is the enter the heart he felt toward the heart no and in a diving motion shot the puck past one it's now six one New Jersey Coleman gets is the level of the season while eighteen seconds into this one Blackhawks this court has scored five goals in the first minute over the past week and get some good results because those **** the devil's fifty one seconds into the second period the goal by Sudan this one only eighteen seconds in the what I know down by five so maybe the hawks need to borrow a page from the way the devils of point drop Carson the women just go for at center ice taste to a loose puck Senate across the Google leaking from the benches will bring it back into the hawks on the model the hawks reset the left wing one bill at center ice former devil driving down the boards with so much force Medicare arms around the far side and back down in the hot zone when bill as the clock again hotline yet in the latter at center ice to stroll into the devil's own love corner spot of balancing puck through the crease where the fire boards miles would be able to pull it free he's here who sent the puck off of one of the devil players who was entering the double beds face off comes back into the New Jersey sell to the left the black Chicago Blackhawks hockey is sponsored by PPG paints the official page show the son of the left hand side of black what what would with the four seasons heating air conditioning plumbing four seasons restoring Blackwood will get to it here in a minute Gustafson keys and opened fire summary point Blackwood down the butterfly say what checks the puck to the near boards soccer's got in apparent surprise would into the hot zone firing for the left wing side in winter down with a butterfly say holds the for black wood mackenzie black what is from Thunder Bay for six years he was the next door neighbor of the hawks Patrick sharp any attended sharks twenty thirteen Cup party at his house so he knows the Patrick sharp very well to do families know each other the fort William report Arthur if you say one or the other and the person you're talking to from the Thunder Bay area is from the other side you gets offended anyway mackenzie black would double goaltender right now with a loud one heart goal on twenty three shots here's Jack use with the puck behind the heart to see recent top of the right circle fires a shot through traffic and why put downs of the board to Kmart blueline they had me lander the devil's own.

Despite Bankruptcy And Illness, Bob Murray Remains A Loud Voice For Coal

Environment: NPR

04:31 min | 2 years ago

Despite Bankruptcy And Illness, Bob Murray Remains A Loud Voice For Coal

"Into Bob Murray's Corner Office in Saint Clair's Ville Ohio feels like stepping back in time. Mr Brady's here Murray wears dark suit jacket with a silk handkerchief poking out of the pocket he sits behind a large dark wood desk. Nice to meet to. Oh Murray returns eighty years old in January and his less steady on his feet than it used to be. He suffers from lung disease but says it's not related to years of working underground in coal minds. There's constant hissing sound in his office. That's the Oxygen Murray needs debris he says three hospitals have rejected him for a lung transplant. Because because of history of strokes not on my fighting for my own life. But I'm fighting for the life of my employees. My company Murray's is recent bankruptcy comes after a long career. He began as a minor then built his own company. Eventually with seven thousand employees. Natalie Biggs is a coal industry three analyst with Wood Mackenzie so a lot of coal companies had Undergone bankruptcy and around Twenty fifteen twenty sixteen and Murray was one of the ones sounds that actually kind of made it through that period and was able to purchase a lot of assets off the back of that or bankruptcy boom big says Murray energy took on debt as the the coal market continued to decline and bankruptcy. Murray says he'll lose ownership of his company. Some of his unionized workers may lose healthcare and pension benefits benefits and the filing is a political loss for president trump. We have ended the war on American energy and we have ended. Ah The war on beautiful. Clean Coal Bob. Murray has had the trump administration's ear. He drafted an action implant. Help coal than delivered it to Energy Secretary Rick Perry photos from the meeting. Show the two men hugging while trump rolled back some environmental regulations. On Murray's is list the administration was not able to deliver the subsidies for coal plants. That Murray wanted he argues that Cole. With fuel stored on site is more reliable. The a natural gas that's piped in and renewable energy that depends on the sun and wind still. Coal is losing market share to these cheaper and cleaner ways of generating being electricity murray argues that makes the electric grid less reliable. But all of a sudden one of these days you'll be hearing about on NPR about this power grid failure and people are going to become alarmed and all of a sudden they don't forget this nonsense called Climate Change Murray predicts that will come during a winter storm and that people will freeze to death. Frankly this is just a scare tactic. Tactic Marianne hit with the Sierra Club. Says there are smart. People running the country's power grids they take into account every coal plant closing and make sure the grid remains remains reliable. Empty promises about bailing out coal plants or reviving the fortunes of the coal industry are just distracting our country from from the real work we need to be doing hit. Says that is moving. The country away from coal and toward cleaner Renewable Energy Murray's climate denial and call boost booster. ISM are evidence of a key element of his personality once. He's concluded he's right about something Murray doesn't give in. Here's another example of that at twelve years ago Murray Energy made news for a tragic mind collapse in Utah that trapped six workers or singing my life I take it obviously to my grave. Demand were never located and ten days later. Three rescuers died as another section of the mine collapsed. A government report concluded there were flaws in the mind design. Murray's company was find more than a million dollars for safety violations yet even today Murray Denies Responsibility. A lot of blame being pointed in the end I was correct. It was an earthquake seismologists at the University of UTAH. Say say. That's just not true. The earthquake was the result of the mind collapsing even now as he struggles for breath just walking across the room. Murray is still oh pushing for what he believes. As company was preparing for bankruptcy Murray delivered a speech in West Virginia calling on federal regulators to subsidize coal. Aw and keep his industry alive.

Bob Murray Murray Oxygen Murray Murray Energy Corner Office Mr Brady Rick Perry Saint Clair Natalie Biggs Ville Ohio President Trump West Virginia Sierra Club Secretary Utah
"wood mackenzie" Discussed on World Oil's Shale Water Management

World Oil's Shale Water Management

11:26 min | 2 years ago

"wood mackenzie" Discussed on World Oil's Shale Water Management

"They're basically farming that out. They're not trying to keep that in house. They're they're hiring some firm. That handles all the water management for them. Is that right so I time I mean like about ten years ago most operated with doing it themselves and then they were talking some of the water to some mom and pop as WBZ's like especially with water is lower quality and most of it was done in house but it was always a little bit of an afterthought then around twenty fourteen fifteen that the media became starting to become very important to a lot of those operators cost started to increase because of volume came up became very important and we started to see some of those on water midstream companies being established and it was still very small operators. We're still doing it themselves. They were investing heavily in spades and they were starting to build their own midstream infrastructure and they were researching on technology. And now what we're seeing is. We're seeing a reversal now. That a lot of the operators are becoming more comfortable with those of Water Midstream. Companies who have become a lot larger. They are starting to outsource all that produced water-management to parties and that is a new trend because a few years ago the only thing that we had heard from different operative. I don't know if that what I've mentioned him. Company is GonNa Survive on Dante and that was a major concern opposes operators but I think those companies have grown sufficiently big operated the number comfortable all right quite a reversal. Actually because you have those companies were concerned about the water providers being around to to service them. Now they're using this opportunity to to sell those assets to them to raise funds to carry out their own operations right especially now with the constraints on on you know having to work within capital and stuff. So that's that's a good way for them to raise money and outsource and also you know if things change or new technology comes along. They don't have to worry about that. Oh I just invested millions of millions of dollars in this. You Know Bruce Water Recycling. Now there's a new thing that's not on them anymore so I think it's a good trend for them but now now really to the really good stuff. This is the exciting stuff that they do. Wood Mackenzie is. They know about all the deals. And what's going on because Evan was saying that there's a lot of consolidation right. You're seeing you know deals coming in and venture capital coming in from the outside so tell it. Tell us about some of the hot deals now. This is our first one. Our first episode. So you know I don't know go back as far as you think is is important but I mean it's happening all the time. These deals right. Yemen. Tia's why don't I walk through the the general trend that we've seen in deals and then if you think one's interesting hopping and talk about it so I think in the last twenty four months? We've we've seen thirty plus deals and a lot of these are are happening in the Permian because of the amount of produced water. That's coming out of the ground. That's that's really where a lot of the investment capital and the consolidation is taking place and deals have started to pick up in the in the last three months in so h two o midstream purchased Water assets follows any MP so in this case. They sold their water infrastructure. And T P G. Who's one of the world's largest private equity firms invested in good night about six months ago and that deal recently fell through so we can get more into why that was the case and just a few weeks ago? Ngo Energy Partners Bought Hill Stone. That was out in the Delaware and just this week at the conference. Jim and I are at we We heard from owl. Who's a water midstream? Company out in the Permian that they just got a new investment from a Canadian Infrastructure Fund. Wow so you think about the differences all the different in these deals. And there's a there's a lot of moving parts. Yeah it's it's amazing but the most amazing thing to me is that you know while investors seemed to be running away from oil and gas right when you're talking about like mutual funds. You know big money. Because they're getting pushback from their investors and stuff about we want you investing that dirty business water seems to be the exception of that right because everybody's that's green thing because we're trying to recycle it or we're trying to figure better ways to use it. I think that definitely any as cheapest bacteria in the sense that it makes to make a lot of sense to dot managing those resources carefully and therefore that is something that is open for infrastructure funds especially for example European funds that are a lot more green constraint or mm-hmm conduct greed and conscious thinking about and therefore especially when you're talking about recycling managing water. That is something that resonates another was those funds. Yeah I think I think the deals that have gotten the most attention in the market was the Was was what's been going on with good night. So maybe you wanted to talk about the TV deal and then more recently tail waters recapitalization and then after that you can talk about millstone and N. G. L. to. We're just getting so many questions about these deals. Yes so what we have seen is that the deal is what we need to see. What the trend in the market has been. I mean when we going back like Evan was mentioning seen a lot of deals over the last two years but at the beginning it was like two years ago it was still a lot of small deals. Small little private deals like Mo investments and not not very significant. And we're seeing now that a lot of the deals that becoming larger and has to do with that at the beginning if you're thinking about what a midstream. We had a little bit the kid a few years ago now in but teenage years and the whole industries county maturing meaning that the deal that getting bigger and that that also renewal of the type of investors that it needed we had a lot of smaller investors like that. You know a lot of those water companies. Were trying to get money from whoever they could get money from. And now we're seeing a lot of like a bigger investments so we discussed example T. PG looking into space. 'cause we also see for example. Asian Fund with ged investing in water bridge an estimate. So we're seeing a lot of Asian money infrastructure funds and very large private equity entering the market. And then we also have those even public company that are starting to look into the into space and a good example of data. Ngo Buying Mesquite like several months ago and now known as well and we know from our discussions that we're seeing a lot more strategic to meetings or the midstream companies looking at the space. That a lot of them have been waiting for those multiples to come down. And I think that was also one of the issues that repower g and the good nice deal had like a very high elevation so Ten almost eleven times a multiple. Meaning you have to wait eleven times to pay you a bit up. That was a nine hundred thirty million dollars deal and that was extremely expensive. And of course some of the you're not realized in-depth for the deal fell through and not one of the. Hey I've got a question. I got a question for you on the on the N. G. L. Dill. Why was why was that? A goodbye for hill stone. Wh- excuse me. I said that backward why was hill stone? Goodbye for N. G. L. N. G. L. that was a strategic acquisition. I The valuation became a lot more reasonable. They spend six million dollars at seven eggs multiple which we which is more in line with what we're seeing in the regular midstream industry like All in gas midstream. It becomes a little bit more at the end when he looking at where how what. Ngo actually thought in. If you're looking at the announcement day bought two different. They bought the long term contracts. That helps done was able to get find the last couple years. Additionally have also a great company that a great management team as well so it is like combinations of long term contracts and over one hundred and ten thousand acres under contract it out down some right of way as well and of course the Great Asset Management Team and therefore they can easily integrate it with mosquitoes and and yelled existing infrastructure Yeah I think I think the newest the newest announcement that's come out of the space is that owl isn't GonNa get sold to another water midstream company but rather they're just switching from one private equity sponsor to another and if you would add asked Evan for crystal ball. A few months ago I would have said they're probably going to sell their assets. Outright and their management team is GonNa go to the golf course overseen here is that just like what? Matiz was saying about it. It's not your traditional finance years of of lower forty-eight energy assets you've had the Europeans show interest and now you have a Canadian infrastructure fund coming in sinking a few hundred million dollars into a water company out in West Texas. It's fascinating stuff. Yeah now that that's crazy. And you know so good to have you guys on because I mean you guys have a vast amount of knowledge for listening world. All is really a technology magazine for for the upstream and so the deals part of it and the financing part of it. We don't really get into that so for me. It's fascinating I mean. What about for you camera do you? You're the one who puts all the digital stuff online. And do you see any I mean? Do we ever post anything about the finance end of it. Well we do cover. These deals in the new section of the website. So we do try to keep up with it but to your point it is instructive for me. I think for a lot of people to get to hear the totality of what's happening here and not just these little piecemeal. Here's something one company has done to get to look at the macro for the industry and for me. I deal with the tech companies a lot because yeah I mean. That's that's where I see it so for me. Having that having that you know ten thousand foot view really really helps. It puts everything into perspective. And and you can see it and you know on on future episodes. We're GONNA have you guys back. You can tell us about about the deals that are that that happened since the last month. So let's be every month you tell us about the deals in the last month and we can talk more in depth on some of the other trends. You guys are seeing so evan impetus. I really really appreciate you guys being on the show and we look forward to having you back absolutely. This is GonNa be a lot of fun and there's one other thing I forgot as an extra added bonus you will find in the show notes link to a pdf of that produced water tree that we were talking about. So if you're interested in it just look in the show notes click on that and you can get that free from McKenzie you guys. Don't waste our free offer only for you. Jim Alright. Alright guys thanks a lot. We'll talk to you next and this is Cameron Wallace. I'd like to thank our other sponsor. The Produced Water Society. The mission of the produced water society is to improve produced water management to the benefit of the environment and the.

Evan Produced Water Society Canadian Infrastructure Fund Jim WBZ Ngo Energy Partners Yemen golf Ngo Buying Mesquite Wood Mackenzie Asian Fund Tia Delaware Cameron Wallace T. PG Mo repower N. G. L.
"wood mackenzie" Discussed on World Oil's Shale Water Management

World Oil's Shale Water Management

12:21 min | 2 years ago

"wood mackenzie" Discussed on World Oil's Shale Water Management

"I'm here today with my co-host Cameron Wallace afternoon APP. He's the digital editor at world oil. So he's a he's an important cog in the wheel that is world right. That's right and one of the fastest spinning cogs in the wheels world. Oil You go exactly and also we have with us today from Wood. Mackenzie Evan Tika. And Matijas Blue Nagin. And so we're here to talk today about shale water management. That's what this podcast is about. She'll water-management one hundred percent and I don't know we'll just take a camera would take a couple of minutes here and explain. Why why there's no podcast on water management out there? But this is in my estimation one of the hottest places in oil and gas markets these days. There's a lot of money in there. It's a big problem. Need Solutions Right. Yeah it really feels like. This is a part of the business to where we re raced forward with drilling and completion technology. And now we need to decide. What is that next? Step going to be going to advance forward again or is this a place where we have to take a pause and some of the momentum falls out so this is a really important topic absolutely and evident Matijas. They are the water experts over Wood Mackenzie and so they got well Cameron. I can talk in generalities. They can talk in in specifics. So let's get evident. Empathy is on here Evan. Good to see again now. Yeah thanks for having us. Jim's is a great opportunity. And you know we're we're also super excited about the space and I wholeheartedly agree with you guys that it's moving in a million miles an hour and you know it's important to get it right definitely so so. What do you do officially over there? Which are what your title. So I'm a part of our management consulting group and so we do. The spoke engagements shorter stint projects. And most of the work. I've been doing over the last eighteen to twenty four months. Have been in the produced water space and with a particular focus with working with a bunch of our financial partners on any kind of acquisitions that they're looking at and you know certainly telling a story from the macro view why we think this is an attractive space and who who are the players that are really moving the needle in the water space awesome. So Matias what is it you do over? There wouldn't Mackenzie. Hi Jim. Yeah I'M A director in the auction consulting team and I have been leading the water practiced at With my CABELA's couple years we really started working for the different operators and then has mentioned we worked a lot for financial st- private equity and infrastructure funds helping them acquire water Mitchum companies. You so you guys are a team then you and as we all right all right. Yeah we are. We are known as Aquaman number one and number two off. That's awesome and so yeah in the intro where it was just talking about how important it is here. You know how. Why do a podcast on Shell water-management? Maybe you guys can can throw some numbers some numbers about produce water and stuff around. Yes I think from a macro perspective when we started to identify water as a growth market. A lot of it started with getting familiar with the premise. That for every barrel of oil that comes out of the ground you get two three five sometimes ten times as much water coming out of the wellhead so when I talk to people they. They're kind of surprised when I tell them you know we're we're really in the in the water business you know oil. Oil is aside hydrocarbon. That comes out. I mean what are you? What are you going to do with all this water? Because it's it's not a commodity it's very much a waste product that you have to deal with right. Mit as we're does that water come from for people. Why why is there such a big? This called the water cuts right the ratio of oil to water. That comes out I mean. Is that from water that we pump down to fractured Iraq's or is that already down in the formation. So it's both so I you're GonNa get a big on what we industry call slow back. Some of the amount of water was punching cracking than is gonNA come back but then you also have a lot of water. Homefront we call formation water also coming back and the big difference between Shell and conventional is in conventional oil and gas usually dug water. That is coming back is usually we pumped back in the same formation to keep the reservoir pressure buzz you in a shell unfortunately because of his because their formation is so tight it is not possible to pump that water back way came and that's why we have such a big water problem. Yeah and it is a. It is a huge problem. Now you guys you know like you were talking about you. Guys do a lot of consulting you know for for people. You know sovereign wealth funds. Everybody right trying to come into the space and so You guys put together a really good report that I've seen and one of the charts in there is very interesting. It's kind of a decision tree or a tree for the different paths of produced water. Can you run us through that real quick? So she got produce water coming out. What are the first two things you gotta do with a one? You could use to things that you can do. The first one is disposing. It and gather option is recycling so if we go the disposing route the first and most common one is to be injected in at WTI saltwater disposal. Well that is the most common. That's what has been done for a long time. Those are the usually critical. Well that checking water in different formations another option to inject the water is to use that. Whatever for whatever in cortex meaning moving water transporting not wanted to conventional basins like the central basin touch long and using that Produced water from Michelle to use it to reinject into the ground for for maintaining the water pressure. Maintaining the reservoir pressure boss that is still under development but a lot of people are starting to think about other opportunities that we have for disposing of the water. Evaporation so unfortunately ponds and empowerment like Ben. Basically building a little lake in waiting for the water to vibrate has not been economic. It works and it's been used across the forty eight in other states but be peration rate is quite slow and therefore it costs a lot of money to build those on's and definitely not economic the other options. Is that what we call an operation and basically here? We're talking about boiling the water in. That could be just a little bit on the top and then using the rest of the water to injecting enlisted weeds. It could be also evaporating. How about half the water to get it to a slurry? Get something they very concentrated or even evaporating all the water and being left wherever solid residue. There's also a different disposal option available or being under development under recycling side. We have what we call views which is aching produce water for fracking operations and that is currently done. Two different ways. One is to just mix the produced water with freshwater to have a nice calm consistent quality of water for fracking operations and That is a very common. But you don't get rid of all that water and you still have to use freshwater. Being adopted very fast lately is also like be thinking that water to a Brian Quality. We shouldn't forget that produced water is when we talk about what it's a very salty water that comes up with salt a which has a lot of the solids lot of iron these a lot of particles in it and it needs to be cleaned. And so it's being cleaned all the way back to Brian. Quality so a very salty water only one company in the forty eight has been recycling water and removing all the salt and India. Build a plant in West Virginia. But that option seems to be very uneconomic even shut in plant a few weeks ago to be wait and we cannot accept that. Yeah because that diesel stuff right. I mean that's like diesel like taking ocean water making drinking water right. That's that's really expensive process. Yeah it is benefiting here. We shouldn't forget that we're not talking about salt. Not Talking about seawater. Were talking a water that is like sometimes four to six times more salty. See what some of the technologies don't work and it created a lot of different operational issues and shout out to the team at Viola. I'd really nice conversation with them earlier this week at the shale water expo which. Jim saw you there long shaking hands and our friends of Yulia told us that they're looking to get to around the the two fifty two to three dollars a barrel. They think that if producer or to pay that that's something that they could build out on a on a larger scale potentially in the Permian data. That's crazy because there's so much more expensive than than recycling or any other US right. I mean they're talking. Like sub fifty cents a barrel for recycling and when someone says. Oh No. It's three dollars to to make it in a good water. That's that's still but you know everybody wants to be seen as green these days right. So maybe they'll be people take it up. Yeah and then. Also what what? There's some other weird uses right. You got for recycling so you can do all that stuff you can make it same but in your charge you have other uses right like agricultural stuff but that is what everyone is dreaming about it especially I mean basin. We're very dry area so everyone wishes they could actually use some recycling technology so that they could be used that water either jumping into a river. The river for example or use it for agriculture is a London calling a lot of almonds for example in south eastern Mexico while using even for potable water water systems for example the city of Midland's getting water up to one hundred miles radius and so it could be for example and that's something that everyone is striving to but unfortunately hasn't been economic. Yeah that's always the problem when you get it clean enough for those types of uses. You're pretty far down the road in the expense and that's one of the things on this podcast ruining explore all those areas in more detail. Not only in in the trends. And what's going on which you guys are experts at? But we'll talk to the technology experts as well and that'll be the second segment of each podcast. So we'll start. We'll talk about you. Know THE TRENDS. And what's going on in the deals that are happening because he's guys with. Mckinsey they know all the deals and then in the second half will talk to technology leaders so yeah let's get to the meat man. What are what are the big trends? What are the big trends? You guys would. Mackenzie see in. Not Not only just on the produce waterside but also on the just just water in general. Yeah so I think one of the reasons that we're really really excited about the space that right. Now we've seen all this great technology and all these great minds come into the industry of a bunch of venture capital funded water midstream players coming in a bunch of you. Know very very small. Water technologies with some cool patents under their belt and from from consolidation perspective. At just like we've seen in the gas gathering and we're seeing right now in the EMP. Space that the need for scale is something that that operators really want. And they're and they're they're willing to value it and so we're seeing a huge offloading of water assets from the MP's themselves so whether that salt water disposal wells or empowerment or water gathering lines and also seeing some of the water midstream. Companies merged that they can build their scale for their pipelines and disposal. And we're also seeing seeing some some acquisitions between technology companies take an x Ri Blue in Fountain Quail for example. Well here's a question then in that in that space so you're seeing the EMP companies themselves..

Mackenzie Evan Tika Jim Cameron Wallace Matijas Blue Nagin EMP Brian Quality editor management consulting group Wood Mackenzie Iraq Matijas West Virginia CABELA Michelle Matias US India director
"wood mackenzie" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

04:03 min | 2 years ago

"wood mackenzie" Discussed on WNYC 93.9 FM

"NYC that's what it's all about folks during these on air fundraisers just kind of peeling back the curtain and saying this is how we do it listener support is the single largest source of our funding so get in on this iPad giveaway to we've got ten I pads to give away but we're going to close that at seven a clock your contribution right now gets you entered eight eight eight three seven six nine six nine two thanks so much from NPR news this is All Things Considered I'm ari Shapiro and America was Kelly throughout his time in office president trump has tried to help the coal industry is rolled back environmental regulations he's pushed for subsidies and yet coal fired power plants continue to close today's casualties a major coal company run by one of trump's biggest supporters and here's Jeff Brady reports on the bankruptcy of Marie energy in the Murray energy lobby in Saint Clairsville Ohio there's a photo of founder Bob Murray with president trump giving two thumbs up and in Murray's big corner office there's a replica of airforce two signed on the wing by vice president Mike pence there's also a constant hissing sound at seventy nine years old Bob Murray suffers from a lung condition that requires him to be on oxygen he says it's not related to his business check for that and it's not as a vendor was working in the coal mines which I did for seventeen years underground everyday Murray built his business over decades and now says it's the largest underground coal mining firm in the country he accomplish that by buying other coal companies now a combination of large debts and a declining coal market is forced them into bankruptcy my goal is to keep the company go keep it together for my employees as part of Marie's agreement that lenders his nephew Robert Moore will become president and CEO Murray will remain as chairman despite president trump's campaign promise to help the coal business dozens of coal power plants are shut down since he was elected Murray doesn't blame trump for his company's bankruptcy he says the administration has been helpful in rolling back environmental regulations Murray specifically asked for most of them including replacing president Obama's clean power plan and withdrawing from the Paris climate agreement but Murray says the coal industry needs even more help the government should be stepping in keeping coal fired generation in existence the government's done nothing Murray wants the federal energy regulatory commission or for contest subsidize struggling coal plants he says Cole with its fuel stored on site is more reliable the natural gas that has to be piped in and renewable energy that only generates when the sun is shining in the wind blows so far regulators in grid operators have not been persuaded were unable crisis resiliency build in a park people want to freeze in the dark that is a prediction Marianne hit of the Sierra Club regex frankly this is just a scare tactic for those who want to try to take our country backwards into a twentieth century energy economy it says now the world needs renewable energy that doesn't contribute to climate change she says US power grids are managed by knowledgeable engineers focused on keeping electricity flowing every time a coal plant is proposed for retirement their job is to make sure that as that coal plant retires that our lights will stay on and there will be any threat to the reliability of our electricity coal miners represented by the United mine workers of America that will likely will suffer because of this bankruptcy industry analysts Natalie Biggs with wood mackenzie says Murray was one of the last remaining companies contributing to the union's pension fund you know without Murray energy a lot of the retired coal miners are gonna you know find themselves potential in a difficult situation when it comes to the pensions the.

"wood mackenzie" Discussed on KQED Radio

KQED Radio

03:03 min | 2 years ago

"wood mackenzie" Discussed on KQED Radio

"The deputy director of Columbia university's national center for disaster preparedness a lot of these programs don't take and in some cases are not allowed to take climate change into account still buying up loans is standard practice for Fannie Mae Freddie Mac and other government backed mortgage giants says Karen Petru it federal financial analytics these are mortgage lenders and securitized there's not meteorologists she says Fannie and Freddie rely on the. national flood insurance program to make sure their assets are protected the report said federal flood insurance policies have declined ever since two thousand six leaving more homes without fun insurance I'm just and hope for marketplace the United States became the world's top or producer this year but there are some new numbers out today raising some eyebrows about how long that might last production this July was down about two percent over a month earlier market place's got tongue explains one of the big questions people are looking at is how much will you get well the big star in the U. S. oil stories fracking technology to drill and break up what's called shale rock and get the oil out but after decades shell oil wells are showing signs of being less productive one reason they're spaced too close together kind of like planting trees too close together says Ryan Newman is an analyst at wood mackenzie you want a give wealth close enough together so that you can come to maximize your recovery but not put them so close together that you're sucking the same oil that the other while would be producing otherwise the question is whether the American shell store you started had a limit or a wall and some analysts see it it's not just the fracking it's also the money Daniel cruise at chorus research says energy investors are more stingy as profits have been low so less money is being put into the oil fields and rising production could turn downward this whole. in the reason that I think it will slip is because you're just not putting the same amount of of resource into the ground when influential bank says US well production is going flat supplies will slow in the oil and gas prices will rise even more next year but Phil dining at the energy consultancy envera says the game isn't over no problem I've always found at that betting against American anything really is not the way to go visual on gas we just need to basically to step it up on the engineering level and and we get there constantly uses profits of doom for U. S. oil production have spoken out in the past and been wrong I'm Scott Tong for market place today brings to a close the government's two thousand nineteen fiscal year and the trading quarter on Wall Street details numbers you know the drill. a company as it is Amazon really doesn't like.

wood mackenzie U. S. Daniel Amazon Scott Tong envera Phil dining deputy director analyst Ryan Newman producer United States financial analytics
"wood mackenzie" Discussed on 90.3 KAZU

90.3 KAZU

01:47 min | 3 years ago

"wood mackenzie" Discussed on 90.3 KAZU

"The energy news of this product comes to his of the Permian basin down in west Texas, the biggest petroleum region in the country. The oil giant, Chevron is becoming more giant. I guess you'd say it's going to buy an Darko petroleum for thirty three billion dollars which will make it one of the biggest players in the US shale basin business marketplace. Jack Stewart explains what's going on there. The last time the Permian basin was this popular was hundreds of millions of years ago when it was an ocean and the place to be ancient marine life. Those organic remains resulted in a huge amount of oil and gas in the shale rock in what's now, west Texas and southeastern New Mexico Davidson is at the energy institute of the university of Texas Austin, the Permian is in many ways, the center of the oil investment world right now extracting the oil and gas locked up in that shale through fracking was still considered an expensive and risky technique. Just a few decades ago. So well, though, Chevron and the other oil giants do own rights in the poem already. They would contend to leave the toughe- extractions. So smaller independent players, Diana. David Hinson is at the university of Texas. Permian basin independence did was show. The majors that you can get an enormous amount of low gas out of what had previously not the neck anonymously acceptable independence, like Apache pioneer concerto and dozens more Chris Nicholl N. Consultants wood MacKenzie. We do see the potential for more consolidation within the Permian basin. So if you haven't prepared to hit that would a lot more in the future as deals done example, one Chevron CEO, Mike worth it's not about getting bigger in the permanent about getting better in the Permian. We think this makes us even better in the Permian, pumpkin cut it. I'm Joe for marketplace..

Permian basin Permian Chevron west Texas university of Texas Austin Jack Stewart Chris Nicholl David Hinson Darko US New Mexico Davidson energy institute Diana CEO Mike N. Consultants thirty three billion dollars
"wood mackenzie" Discussed on KQED Radio

KQED Radio

01:46 min | 3 years ago

"wood mackenzie" Discussed on KQED Radio

"The energy news of this product comes to his side of the Permian basin down in west Texas, the biggest petroleum region in the country. The oil giant, Chevron is becoming more giant. I guess you'd say it's going to buy Anadarko petroleum for thirty three billion dollars which will make it one of the biggest players in the US shale basin business marketplace. Jack Stewart explains what's going on there. The last time the premium basin was this popular was hundreds of millions of years ago when it was an ocean and the place to be ancient marine life. Those organic remains resulted in a huge amounts of oil and gas in the shale rock in what's now, west Texas and southeastern New Mexico Davidson is at the energy institute of the university of Texas Austin, the Permian is in many ways, the center of the oil investment world right now extracting the oil and gas locked up in that shale through fracking was still considered an expensive and risky technique. Just a few decades ago. So we'll though Chevron and the other oil giants do own rights in the poem already. They would contend to. Leave the toughe- extractions. So smaller independent players Thana. David Hinton is at the university of Texas Permian basin. What the independence did was show. The majors that you can get an enormous amount of loan gas out of what had previously not the neck anonymously, sensible independence, like Apache pioneer clinch. Oh, and dozens more Chris Nicholl at energy consultants wood MacKenzie. We do see the potential for more consolidation within the Permian basin. So if you haven't heard of the poem prepared to hear that would a lot more in the future as deals done example, one Chevron CEO, Mike with it's not about getting bigger in the permanent about getting better in the Permian than we think this makes us even better in the Permian him got it on Jackson for marketplace..

Texas Permian basin Chevron west Texas Chris Nicholl Jack Stewart university of Texas Austin US energy institute David Hinton Mike New Mexico Davidson CEO Jackson thirty three billion dollars
"wood mackenzie" Discussed on 90.3 KAZU

90.3 KAZU

02:02 min | 3 years ago

"wood mackenzie" Discussed on 90.3 KAZU

"Two thousand eighteen was looking for a while there like it was going to be a lousy year for the American solar power industry. The Trump administration put thirty percent tariffs on imported solar panels, and it said quotas to physically limit imports as well. But the future of solar and apologies in advance. But I honestly, I don't know any other way to say this the future of solar looks pretty bright. Goldman Sachs was out with a report this week saying solar installations are going to be up thirty three zero percent this year. And as marketplace's Eric embarrassed reports last year might not have been as bad as some had feared tariffs did drive down. How many solar panels were bought for industrial commercial and utility installations. According to a new study by the solar energy Industries Association and consultants wood MacKenzie. Overall solar installations were down two percent from the year before does tariffs are like a drag right there like this unnecessary weight. That's abigail. Ross hopper presidents of the solar energy Industries Association. Residential installations, though, those went up that's because despite the tariffs solar prices have fallen forty seven percent over the last five years. Plus, there's a federal tax credit for going solar. And some states offer subsidies says Safran born. Mine who teaches energy economics at UC, Berkeley, the panels are only a third of the cost the rest is installation. And that's down to residential installers are getting better at figuring out how to efficiently put panels on houses, the solar industry expects, the number of new panel installations to double over the next five years. That's something. Peggy marker is already seeing. We've definitely seen an uptick in solar. I would say marker runs a construction company in Fort Lauderdale, Florida terrorists have had a significant effect on her business. She swapped out steel and granite for cheaper materials, for example. But when it comes to demand for solar panels past probably year and a half it's become more prevalent, Florida solar industry is one of the fastest growing in the country. According to the recently released national solar.

solar energy Industries Associ Peggy marker Goldman Sachs Florida Ross hopper Fort Lauderdale UC Eric Berkeley five years thirty three zero percent forty seven percent thirty percent two percent
"wood mackenzie" Discussed on KQED Radio

KQED Radio

01:59 min | 3 years ago

"wood mackenzie" Discussed on KQED Radio

"Eighteen was looking for a while there like it was going to be a lousy year for the American solar power industry. The Trump administration put thirty percent tariffs on imported solar panels and set quotas to physically limit imports as well. But the future of solar and apologies in advance. But I honestly, I don't know any other way to say this the future of solar looks pretty bright. Goldman Sachs was out with a report this week saying solar installations are going to be up thirty three zero percent this year. And as marketplace's Eric bears reports last year might not have been as bad as someone feared tariffs did drive down. How many solar panels were bought for industrial commercial and utility installations. According to a new study by the solar energy Industries Association and consultants wood MacKenzie. Overall solar installations were down two percent from the year before does tariffs are like a drag right there like this unnecessary weight. That's Abigail Ross hopper. President of the solar energy Industries Association residential installations tho those went up. That's because despite the tariffs solar prices have fallen forty seven percent over the last five years. Plus, there's a federal tax credit for going solar. And some states offer subsidies says suffering Bornstein who teaches energy economics at UC, Berkeley, the panels are only a third of the cost the rest is installation. And that's down to residential installers or getting better at figuring out. How efficiently? Put panels on houses, the solar industry expects, the number of new panel installations to double over the next five years. That's something. Peggy marker is already seeing. We've definitely seen an uptick in solar. I would say marker runs a construction company in Fort Lauderdale, Florida terrorists have had a significant effect on her business. She swapped out steel and granite for cheaper materials, for example. But when it comes to demand for solar panels past probably year and a half it's become more prevalent Florida's solar industry is one of the fastest growing in the country. According to the recently.

solar energy Industries Associ Peggy marker Goldman Sachs Abigail Ross hopper Florida Eric bears Fort Lauderdale President Bornstein UC Berkeley five years thirty three zero percent forty seven percent thirty percent two percent
"wood mackenzie" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:02 min | 3 years ago

"wood mackenzie" Discussed on WNYC 93.9 FM

"Two thousand eighteen was looking for a while there like it was going to be a lousy year for the American solar power industry. The Trump administration put thirty percent tariffs on imported solar panels and it set quotas to physically limit imports as well. But the future of solar and apologies in advance. But I honestly, I don't know any other way to say this the future of solar looks pretty bright. Goldman Sachs was out with a report this week saying solar installations are going to be up thirty three zero percent this year, and as marketplace's Eric embarrass reports last year might not have been as bad as summit feared tariffs drive down. How many solar panels were bought for industrial commercial and utility installations. According to a new study by the solar energy Industries Association and consultants wood MacKenzie. Overall solar installations were down two percent from the year before does tariffs are like a drag right there like this unnecessary weight. That's abigail. Ross hopper presidents of the solar energy Industries Association. Residential installations tho those went up. That's because despite the tariffs solar prices have fallen forty seven percent over the last five years. Plus, there's a federal tax credit for going solar. And some states offer subsidies says Safran born. Dean who teaches energy economics at UC, Berkeley, the panels are only a third of the cost the rest is installation. And that's down to residential installers are getting better at figuring out how to officially put panels on houses, the solar industry expects, the number of new panel and solutions to double over the next years. That's something. Peggy marker is already seeing. We've definitely seen an uptick in solar. I would say marker runs a construction company in Fort Lauderdale, Florida terrorists have had a significant effect on her business. She swapped out steel and granite for cheaper materials, for example. But when it comes to demand for solar panels the past probably year and a half it's become more prevalent Florida's solar industry is one of the fastest growing in the country. According to the recently released national solar jobs census.

solar energy Industries Associ Peggy marker Goldman Sachs Florida Ross hopper Eric embarrass Fort Lauderdale UC Dean Berkeley thirty three zero percent forty seven percent thirty percent two percent five years
"wood mackenzie" Discussed on The Energy Gang

The Energy Gang

04:46 min | 3 years ago

"wood mackenzie" Discussed on The Energy Gang

"To increase the use of yeti five twenty five acts in less than twenty years yes so stephen how about you what stood out for you yes so i was monitoring both solar and wind projections and they seem to be way off and all over the place firstly the solar projections are probably much more accurate they they do even the reference case model pretty serious explosion in solar still very conservative compared to what other outfits like wood mackenzie or be any are projecting but a huge modification from last year so alex gilbert of spark library in a twitter thread pointed out that solar projections this year are five to ten times higher than twenty eighteen projections and that is a little bit of a head scratcher because you know nobody in their right mind who follows this space would think that something so dramatic happened in the last year that you would need to modify your projections by that much so it just it goes to show you how much they're scrambling to keep up with market realities the second one is for offshore wind which i found very puzzling they basically show no growth for offshore wind just a handful of megawatts through twenty fifty in our own analysts at wood mackenzie power and renewables expect that we could see somewhere around ten thousand megawatts of off shore wind in the u._s. by the late twenty twenty s given the amount of policy momentum that we're seeing and the amount of auctions that are you know emerging and showing signs of success so the the disconnect between the projection for off shore wind and the other modeling that i've seen from us and other prominent research outfits is really extrordinary and then when you actually just look at onshore wind they project within a couple of years growth for onshore wind to just stop i mean just like the coal plant retirement thing that you pointed out katherine they win just stops completely and again they blame the phase down of the tax credit but everyone in the wind industry understands that there's still a lot of technological progress happening with project development and technological design and they can still squeeze costs out of projects and so the the the idea that wind is just going to stop because of the changing tax environment is not predicted by anyone else aside from e._i._a. so those were a few of the things that stood out for me yeah another piece that that always bugs me about any of these is that the demand side is just completely ignored not from a load perspective but from a resource perspective so you know as we move forward we're going to get a lot more consumer cited resources and it just seems like a lot of those are just not taken into consideration on any of these i did reach out to to try to get a sense for how do they they do these and you know this is it goes back to the seventies as a reference ks they always insist that it's not a forecast and that they can only model the information that they have so it is very very important for people to go in and provide information and data about what's really happening out there because i think that sometimes those sources are limited and i think it's important for people if they want their you know their industry to be really taken seriously and into consideration they need to take the data forward e._a. so they'll make sure it's included we need to talk about the impact now i sent show notes around in big capital letters i said very important we need to make sure we talk about solutions here or why this matters because we've had a number of conversations about we've bashed e._i._a. it's pretty well known in energy circles that they're modeling is extremely conservative and has always trying to catch up with technological trends i guess it's important for people to realize why this matters for the way that national lawmakers make choices or the way that utilities make choices how does this work its way into the way companies corporations utilities and lawmakers make market moving or market freezing decisions mean e._a. is cited by anybody who's making legislative regulatory policy and they're used as all their tarts or used as a bible in one thing i would really want to highlight here is that when the administrator cup one oh was going through her confirmation hearing in the senate there were a.

stephen ten thousand megawatts twenty years
"wood mackenzie" Discussed on Thoroughbred Racing Radio Network

Thoroughbred Racing Radio Network

06:23 min | 3 years ago

"wood mackenzie" Discussed on Thoroughbred Racing Radio Network

"First Friday of the new year and the weekend preview pretty much focused on Gulfstream. Hat full of steaks on Saturday. Santa anita. Couple of nice graded stakes as the three year olds get started in particular. Also, the turf San Gabriel. Those will be the the focus Santa ynez to on Sunday at Santa Anita and kind of caught up on his much as I could. Last couple of days and. Will intersperse some of that commentary and reaction as we move around. And we'll go down to Florida with with Martin McGee in the first hour Marty. Entrenched for another winter at Allendale and sharing the. The responsibilities with Mike Welsh down there. Michael be on the back end. We'll get get a little bit of clocking. Info from from Welsh late in the show. The era of clock report and the the maiden race that. Early on the card, and then the mutual macho man will see who among the the three year olds Mike is interested in and Marty is tracking a lot of the. The early Pegasus news keeping track and in fact yesterday with the. Important actually, given given McKinsey status that Leofric won't be participating and. That could open the there's the negotiations and the. The push poll of getting the the field assembled for Pegasus. But. Just a just literally forty-eight hours ago. There was a question. Well in what slot wood MacKenzie where where would they Seidel in not that? Not that the stakeholders in those that have bought put the down payment in yet to put a hundred thousand as a down payment. Sure. Sure, any number would would be happy to have McKinsey to partner up with two to run into into Pegasus. We'll catch up with Marty and get some of that early news and also just from yesterday. We mentioned that that third race that featured orbs full, brother. And a second start for the groupie. Dow tap it Colt for Mandy pope, and they ran second and third respectively. It was Bo terro it was that second time starter that it started his career. With baffert. And is that sizeable time off had really a year basically on the sidelines and came to Bill Maher, Donald Burto. The whole bread. And frankly, fifteen dollars was was kind of generous in a in a six horse field. As it as it turned out the money came in on on the orb, brother. One of four to five and it's funny wrote to me actually went off second choice. The warrants running for Jeff Brown and. The groupie. Dow. The group four year old. Six the basically went off at that. Seven to one. So. Be another another chance for both of them later later in the meet look for look for Shoghi RAF next to come back with personal time and tap ability and Petero patera ran wealth took over a Louis Sayas. Set up shop and. Look good doing it. And. Race going back to Wednesday. We should slip in. Can't be your park. The Medaglia d'oro. And is it happens Petero also Tagliaferro, but the Larry best the one and a quarter million dollar. Philly out of Siwi hill. That came on Wednesday. We didn't get to this yesterday. And she abused at Akwa. Breeders Cup weekend. Okay. And kind of. Had a sluggish start. And. Pass them horses. But you have Brown making the point that. Felt that turf was going to be right for this one. And. Look, very good eighty four buyer. Breaking her maiden. On wednesday. So. Cambier park. For Larry best oxo wearing the the red jacket with the oxo ball. And of course, Sealy hill, the wonderful, gene, Melnik, campaigner and. Daughter revolt point, given and Celia was a hell of a nice. She's had she's had. A couple of nice runners. So keep an eye on that one for I think, I would think the pretty tough to expect a steak try sooner than later for for that three year old filling. So we'll catch up with Marty. We're going to check in with Jeremy plunk. To start the conversations weekend preview and.

Marty McKinsey Santa anita Mike Welsh Dow Celia Jeff Brown Petero patera Larry San Gabriel Bill Maher Jeremy plunk Sealy hill Medaglia d'oro Seidel Shoghi RAF Florida Michael Martin McGee Siwi hill
"wood mackenzie" Discussed on The Energy Gang

The Energy Gang

02:28 min | 3 years ago

"wood mackenzie" Discussed on The Energy Gang

"As as we pulled in our wrath for hybrid. Hey, that's a cool car. Come on. Exactly, exactly. The second one, which I know you guys have covered in green tech media is the ninety megawatts of solar and three and sixty megawatt hours of solar of storage that was awarded in Hawaii jaw-dropping prices of eight to twelve cents a kilowatt hour delivered which is below their depressed. A diesel prices right now, fifteen cents kilowatt hour, just the fuel alone. And it's something that we've all predicted was going to happen. But, you know, seeing the contracts announced in all the big companies one them for me. Yes. To clear way, just warms your heart. And and it makes you think that it's not going to take until twenty forty five to decarbonised the electricity system in Hawaii since you mentioned this. This. I gotta ask you jigger shale in the interchange brought this up as the most over hyped story, not this particular story, but the general reporting on ultra-low PPA solar p p prices or win PPA prices, or you know, solar plus batteries. And this is an example of a story that we ran because it's a record breaking story. It shows the continued drop in costs and assumptions about a project costs and pricing do but there's a lot. We don't know about what goes into this pricing. And there are a lot of assumptions about future equipment and development costs years down the road. What do you think about that? Is it a oversold story in the way reporting on it, or do you think it's still important to keep mentioning these types of records? So four simple projects that just have tractors. I would say that it is over hyped lake. So I don't like to see the two separate our two point one seven seven cents per kilowatt hour announcements because I don't think it's reflective of where the market's. Actually clearing, and they think it's more important for wood MacKenzie or green tech media and actually report where the market is clearing in what the article means in context, but when you do solar plus storage that feels more like a self standing project micro grid. And so I do think it matters whether it's eight to twelve cents because my sense is for a lot of the people affected by campfire in California that eight to twelve cents get replicated in California, Catherine what is your free electron or maybe free electrons. Do you have to this week? I only have one and resolution eight.

California Hawaii Catherine ninety megawatts sixty megawatt