Ed Crooks

Ed Crooks


US Industry and Energy Editor at the Financial Times, based in New York

42025 followers  •  18085 follow  •    •   http://t.co/jD5qYLD4dn

If the two best-resourced companies operating in US shale, Exxon and Chevron, are cutting activity like this, and one of them is expecting a drop in production, it doesn't look like we can expect much production growth from the Permian Basin, or from tight oil in general, in 2021

The disruptive potential of offshore wind in the US; the leveling-out of American oil production; Total's view on crude prices and stranded assets in Canada; the benefits of energy trading operations for the oil majors, and more, in Energy Pulse this week.

tweet picture

If this whets your appetite and you want to hear more about WoodMac's view of the outlook for wind power, offshore and onshore, in the US and around the world, check out our wind webinar next Wednesday, August 5.

Trying to buy a Bluetooth speaker, but it’s not easy. All the descriptions say things like “Extra Bass” and “will really get your part started!” None of them say “ideal for listening to 19th century novels on audiobook in a noisy kitchen”

@JavierBlas  @ChevExecT  @crudegushero  put it the other way: if returns are weak in (some types of) oil and gas, why not try something different?

@olehelgesen7  @WEAtcdkTrue ! And for a proper exercise you would make the comparisons through the cycle. But those numbers were from 2018, when Brent averaged $71.34 / bbl. Was that a mid-cycle price, or a peak? We know that it wasn't a trough

Almost trod on this snake this afternoon. Anyone know what it is?

tweet picture

Loading
Loading

A stunning chart. Four years ago, the expected world coal use to grow 39% by 2040. Now it expects just 1%. Not per year: in total

tweet picture

President Obama's Clean Power Plan was expected to lead to a steep fall in US coal production. Now the plan has been blocked, and coal production is expected to fall even faster than if it had come into effect:

tweet picture

This week Shell cut its dividend for the first time in 80 years, and Exxon reported its first loss for 32. Meanwhile Ørsted and Iberdrola reported increased earnings and investment. It was a stark demonstration of the relative resilience of renewables.

tweet picture

Ten years ago, the risk of stranded assets in the oil industry was barely mentioned. Today Total is raising it in its official announcement of an $8bn asset writedown.

tweet picture

Shell plans to roll out electric car charging points at most of its 45,000 branded service stations worldwide:

Tesla truck will need energy of 4,000 homes to recharge, research claims, raising questions over the project’s viability: via

In many parts of the US it is now cheaper to build new wind and solar generation than it is to keep old coal-fired plants running: via

The most momentous telegram of the 20th Century? Western Union brings the news that oil has been found in Saudi Arabia, 80 years ago this week. #CERAWeek18 

tweet picture

Loading
Loading