Top executives of Exxon Mobil Corp. and Saudi Aramco voiced their backing for the global transition to cleaner energy forms, while emphasizing the lasting significance of oil in the energy sector for the foreseeable future. The statements were made on Monday at the World Petroleum Congress held in Calgary. Exxon …

China is building two-thirds of the coal-fired electricity generation capacity currently under construction globally, and this may not be as disastrous for the climate as it sounds. The world’s largest producer and importer of coal has 136.24 gigawatts (GW) of coal-fired generation under construction, according to data released in July …

“Green” electricity production increased to record levels on Sunday, September 10, when renewable energy sources (RES) covered up to 140% of demand, with the surplus channeled to exports, while the participation of lignite was reduced to zero. According to the data published on Saturday by the Independent Power Transmission Operator …

Turkmenistan’s huge gas reserves have been generating considerable interest from potential importers following Ashgabat’s announcement in late July that it is open to the development of a pipeline to carry its gas across the Caspian and on to Europe. Most significant so far has been the interest shown by Hungary, …

Oil prices rose on Tuesday for the fourth consecutive session, as weak shale output in the U.S. spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia. U.S. West Texas Intermediate crude futures rose 99 cents, or 1.1%, to $92.47, by 0400 GMT, …

Climate alarmists have waged war on energy-intensive cryptocurrency mining operations but have yet to denounce large language models (LLMs) like Microsoft-backed OpenAI’s ChatGPT that use 16 ounces of fresh water every time a user asks it a series of questions. Microsoft revealed in its latest environmental report that its global …

Renewable energy sources are expected to generate more than 50% of Germany’s electricity this year, Economy Minister Robert Habeck said at a conference in Berlin on Monday. However, the minister from the Green party who is also responsible for climate action, warned that Europe’s biggest economy needs to accelerate the …

Russian state energy giant Gazprom has shipped its first consignment of LNG to China through Russia’s Arctic waters, duplicating the delivery route used by Russian natural gas producer Novatek. In January, Gazprom opened an LNG liquefaction plant on Russia’s Baltic coast, about 100 miles to the northwest of St. Petersburg. …

Iran’s oil minister, Mohammad Javad Owji reaffirmed Tehran’s commitment to its share in the Arash gas field in the Persian Gulf, vowing not to exceed the agreed-upon production levels. Owji expressed optimism regarding the resolution of issues concerning the Arash field through ongoing negotiations with Kuwait. He assured that Iran …

The Ministry of Finance revealed on Sunday that Iraq’s financial revenues in the federal budget exceeded 65 trillion dinars over seven months, confirming a rise in the oil contribution to the budget to 95%. However, an economic expert believes that non-oil revenues “will not improve.” Shafaq News Agency examined data …