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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.
Coal India- energynewsbeat
Coal

India, Australia, China, Russia pushing ‘massive’ coal expansion

June 5, 2021 Stu Turley

Coal producers are actively pursuing 2.2 billion tonnes per annum of new mine projects around the world, a growth of 30 per cent from current production levels, a new report from Global Energy Monitor said on Thursday. The […]

solar -energynewsbeat
Renewables Not Sustainable

The risky side of solar energy: A perspective on solar waste

June 5, 2021 Stu Turley

With the rapid increase in India’s solar energy capacity addition, there is a considerable amount of solar photovoltaic (PV) waste that is already being generated and is expected to grow in the coming decades, according to industry […]

putin and tanks alot
Fossil

Putin Says That First Line Of Nord Stream 2 Is Now Complete -Tanks a lot

June 5, 2021 Stu Turley

Russian President Vladimir Putin has announced that laying the pipes for the first of two lines of the prospective Nord Stream 2 pipeline to Germany has now been “successfully completed.” Addressing an economic forum in […]

Political

India’s Watts-per-capita Renewable Energy Capacity Up 45% Since 2015, But Still A Fraction Of Total Energy Supply

June 5, 2021 Stu Turley

Viewed as a swing voter in an evenly divided U.S. Senate, Sen. Joe Manchin, D-W.Va., has attracted a spotlight wherever he goes. With that spotlight as intense as ever this week as pressure builds on […]

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
International News

Japan Looks To Become Leader In Wind Energy

June 5, 2021 Stu Turley

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 […]

Climate Revolt Against Big Oil May lead to Surge in Crude Prices
Crude Oil News

Climate Revolt Against Big Oil May Lead To Surge In Crude Prices -Buckle up, it’s a long road to energy nirvana. 

June 5, 2021 Stu Turley

Energy News Beat Publishers Note (ENB): There is mounting evidence that the rush to green is not going to be as pretty as people are saying. With the big oil companies leaving the oil production […]

Commodities

Russia Claims Its Compliance With OPEC+ Cuts Was Almost 100% In May

June 5, 2021 Stu Turley

Russia was close to complying 100 percent with its oil production quota under the OPEC+ deal in May, Russian Deputy Prime Minister Alexander Novak said on Friday. “It will be better than in April. Close to 100%,” […]

ESG

Climate Activism Is Great News For Saudi Arabia And Russia

June 4, 2021 Stu Turley

Big Oil has lately come under a plethora of attacks from all directions, ranging from uncooperative financiers and investors amidst a global shift to renewable energy to hostile governments and hardline climate activists.  But not all oil and […]

Exploration and Production

Exxon’s Newest Activist Investor Is a ‘Space Cowboy’

June 4, 2021 Stu Turley

Exxon  announced Wednesday that a third new member has been appointed to the company’s board, following a week of vote counting after the company was caught by surprise by a shareholder insurrection last week led by activist investor Engine […]

Commodities

OPEC leaders mock IEA’s “la-la land” 2050 net zero roadmap

June 4, 2021 Stu Turley

MOSCOW (Bloomberg) –The world’s largest petrostates rejected calls for a rapid shift away from oil and gas, warning that starving the industry of investment would harm the global economy. His warnings were echoed by the […]

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