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HomeAuthorsStu Turley

Articles by Stu Turley

About Stu Turley
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
Ahmad Al-Khowaiter - Cater Smith - Bloomberg - Energy Newsbeat
ENB Pub Note

Saudi Aramco is a state-owned oil and gas company in Saudi Arabia. They are now planning to become the largest hydrogen exporter in the world.

June 27, 2021 Stu Turley

Saudi Aramco has a smart management team. While the other supermajors are publicly running away from oil, Saudi Aramco embraces all forms of energy. At least they are upfront about their intentions. The largest oil […]

Speaker of the House Nancy Pelosi, D-Calif - EnergyNewsBeat - EnergyNewsBeat
ESG

Congressional Dems Open Another Front In Their War On Oil And Gas

June 25, 2021 Stu Turley

Source: Forbes. As detailed in a new report from Rice University’s Baker Institute, the language would reclassify returned water from oilfield drilling operations as a “hazardous waste” under the provisions of the federal Resource Conservation and […]

Ford Lightning - EV - EnergyNewsBeat
Electric Vehicles

Ford’s new electric pickup truck is generating buzz, but the industry isn’t quite sure how to react.

June 24, 2021 Stu Turley

Ford’s move into electrification is part of a broader push by major corporations to rebrand themselves and shake off the clichéd image that has been associated with them for decades. So Ford is now throwing […]

Colombia coal
Coal

Asia Pacific Coal Power Investments Seen Outpacing Natural Gas into 2030s

June 24, 2021 Stu Turley

Wind, solar and natural gas have the brightest future in Asia Pacific power generation, although coal is not going anywhere soon, according to experts at Wood Mackenzie. “Asia Pacific power generation investments are leading the […]

carbon capture-utilization-storage - CCUS - EnergyNewsBeat
Carbon Capture

Singapore eyes hydrogen, CCUS in low-carbon transition

June 24, 2021 Stu Turley

Singapore, 24 June (Argus) — Singapore is eyeing the use of low-carbon hydrogen along with carbon capture, utilization and storage (CCUS) technology in its transition to a low-carbon future and away from fossil fuels. This […]

Off shore wind -energynewsbeat.com
Downstream

Chemicals Giant Buys Into 1.5 GW Hollandse Kust Zuid

June 24, 2021 Stu Turley

Vattenfall and BASF have agreed the sale of 49.5 per cent of Vattenfall’s Hollandse Kust Zuid (HKZ) offshore wind farm in the Netherlands. Once fully commissioned in 2023, HKZ will be the largest offshore wind […]

Highpeak Energy - energynewsbeat
Earnings

HighPeak Energy, Inc. Announces Financial and Operational

June 24, 2021 Stu Turley

FORT WORTH, Texas, June 24, 2021 (GLOBE NEWSWIRE) — HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced (i) certain financial and operational updates, (ii) that its bank group, led by Fifth Third Bank, […]

scott land - Energynewsbeat.com
Carbon Capture

Early engineering starts on major direct air capture facility in UK

June 24, 2021 Stu Turley

Design and engineering work has started on a groundbreaking 500,000 to 1 million tonnes per annum direct air capture (DAC) plant destined to be built in Scotland, UK. London-based Storegga — operator of the Acorn […]

Japan has notoriously been dependent on energy imports, being the world’s fifth-largest crude importer and second-largest LNG importer (having lost the top position to China last year). Its self-sufficiency ratio dropped substantially after the 2011 Fukushima incident, from some 20% to 7-8%. Even though Tokyo did manage to hew off a couple of percentage points from its import dependence (around 12% by 2020), this was largely done by means of curbing energy consumption and rendering it more energy efficient. It is against this background that Japan started to make its first steps towards an all-encompassing renewables policy, going beyond the first pioneering projects that might have showed the way forward for Tokyo. Wind energy has so far been underrepresented in Japan’s energy matrix, however a slew of recent developments could portend a solid future for wind farms along the Japanese coast. The share of renewables sources in Japan’s total power generation has risen by approximately 1% per year in the past decade, bringing the tally to almost 20% in 2020. This is certainly a laudable achievement yet there are many countercurrents hindering renewables’ penetration. First and foremost, Tokyo’s aggregate primary energy supply is still dominated by oil – with a fleet of refineries whose total throughput capacity exceeds 3.3mbpd and a very energy-intensive industry sector, Japan still needs the fossils (not to forget that Japan still uses oil for electricity generation, albeit at 5% of total production). Second, oil and gas still prevail in the sphere of power generation, the two combined accounted for 70% of the total national tally. Against all this. the new Suga-led government tightened Japan’s emission-reduction goals, stipulating that by the fiscal year 2030 greenhouse gas emissions should drop by 46% compared to 2013. Related: Oil Prices Hit 2-Year High Interestingly, Japan’s new ambition of reaching a 50% share in power generation for its renewables and nuclear generation capacities does not specify the exact split between categories. Japan’s METI is currently reviewing its strategic nuclear plan yet the current could serve as a guidance – under it, nuclear energy is to account for 20-22% of power supply (and renewables for another 22-24%). Interestingly, this does not alter that much from Japan’s long-term plans before the Fukushima catastrophe. Before 2011 renewables amounted to some 10% of electricity generation (of which 8% was hydropower, just as today) and nuclear energy averaged 25%. As of today, Japan’s nine operating reactors account for merely 7% of aggregate electricity generation, all the while it keeps 30 reactors idled, either indeterminately or having it reassessed for a prospective restart. Japan has only 70 MW installed capacity of wind energy, with remarkably minuscule offshore numbers (4.4 MW). There are, however, three high-profile projects that might pioneer their way through Japan’s energy market. First, Japanese public utility firm JERA announced the country’s first-ever large-scale wind project, the 0.52 GW farm in Ishikari Bay, along the western coast of Hokkaido Island. Ishikari is also home to an operating LNG terminal, implying that a prospective wind farm might supplant some of liquefied imports that have heretofore supplied Sapporo and its surrounding area. JERA’s announced this March that it would seek to develop another 0.6 GW wind plant, just offshore the city of Tsugaru in Aomori prefecture, at the northern edge of Honshu Island. With construction expected to take 3 years in total, the two wind farms could come onstream by 2025. Related: IEA Backpedals, Says Oil Demand Will Soon Reach Pre-Crisis Levels In addition to JERA’s prospective projects, another large-scale wind developer might be shaping up, as can be attested by the 0.6 GW Seihoku-oki project managed by Acacia Renewables (bought up in 2020 by Iberdrola) in a joint venture with Cosmo Eco Power and Hitz. Following Iberdrola’s entering the Japanese wind market, the wind projects of Acacia boosted their status in terms of their probability. Now there is one problem with the above-mentioned projects – they have not yet been subjected to government auctions. Japan has so far had 5 solar auctions and 2 biomass auctions, with moderate solar success (4 auctions resulted in awarded capacity, totalling 574 MW) and complete lack of contracted capacities on biomass. It is assumed that the first-ever wind auction will take place in June 2021 when Japan’s Ministry of Economy, Trade and Industry (METI) is to decide on the Goto project, a 16.8 MW capacity wind farm off Nagasaki. The second step to be taken by METI is assumed to be a tender for the construction of bottom-fixed offshore wind parks – 4 areas were designated in Round 1, however they do not correspond with any of the projected wind farms. With this, arguably the most interesting areas of Japan at the northernmost tip of Honshu and along the western coastline of Hokkaido remain to be designated by the Japanese authorities. The so-called Promising Areas for Round 2, to which Iberdrola’s Seihoku-oki and JERA’s Tsugaru should assumedly belong to, is expected to be launched in 2022. Potential wind energy areas in Hokkaido, i.e. the northernmost of Japanese islands, are even less designated despite being preliminarily listed as potential areas. The gradual roll-out of wind auctions would naturally elevate the question of the Japanese government’s readiness to accommodate energy companies’ expectations and interests. If anything, Japan’s environmental impact assessments (EIA) still have quite the reputation of taking 3-5 years before the construction part can actually start. There is a logic underpinning the belief that maritime EIAs might be expedited to avoid unnecessary delays in Japan turning towards its greener future. Seabed deeper than in Europe’s North Sea and seismic risks anyways add additional layers to Japan’s offshore wind prospects, therefore Tokyo needs to offer attractive feed-in tariffs. One can assume that Tokyo is not willing to forgo commercial factors when shaping up its energy future and wind energy might play an important part in solving the overall equation but it will be quite the balancing act to do… By Gerald Jansen
Hydrogen

A new report from Wood Mackenzie estimates that by 2030, Asia Pacific renewable investments will double to a total of $1.3 trillion.

June 22, 2021 Stu Turley

Asia Pacific investments in renewable energy generation by 2030 may double to $1.3 trillion from the previous decade, dwarfing fossil fuel power expenditures that are expected to drop by about 25% to $54 billion annually, according to Wood Mackenzie. […]

BP chief executive Bernard Looney- Energy News Beat
Finance

BP CEO sees higher oil prices boosting energy transition plans

June 22, 2021 Stu Turley

(Bloomberg) –BP’s energy transition plan will receive a boost from rising oil prices, and the company is already winning back investors after a difficult year, Chief Executive Officer Bernard Looney said. Even as it plans […]

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