A Chinese Foreign Ministry spokesperson Friday once again urged Japan to respond to the legitimate concerns of all relevant parties and dispose of nuclear-contaminated water in a scientific, open, transparent, and safe way. According to reports, the International Atomic Energy Agency (IAEA) announced Wednesday that its technical task force would …
Read More »Saudi Arabia: OPEC+ must be Cautious with Its Oil Production Policy
Given the many uncertainties in the global economy, the OPEC+ group will remain cautious in its oil production policy when it meets next month, Prince Abdulaziz bin Salman, the energy minister of OPEC’s de facto leader Saudi Arabia, told Bloomberg TV on Friday. “Our theme is being cautious,” Prince Abdulaziz …
Read More »POGC to Drill 35 New Wells in South Pars
Pars Oil and Gas Company (POGC) is planning to spud 35 new wells in the supergiant South Pars gas field to enhance and maintain gas production in the massive joint field. According to POGC, the deputy head of POGC’s Reservoir Operations Engineering Unit outlined the company’s recent activities said on …
Read More »EU Needs $460 Billion Investment to Maintain Nuclear Power Capacity
The European Union will need up to $462 billion (450 billion euros) in investment just to keep the current level of its nuclear power generation capacity, the EU Commissioner for Energy, Kadri Simson, said at a nuclear energy forum this week. Nuclear power will have an important role to play …
Read More »UN Launches Satellite System to Track Methane Emissions
The United Nations is launching a satellite-based system to detect and track global methane emissions as part of efforts to reduce emissions of methane, which is a more potent greenhouse gas than carbon dioxide. During the COP27 climate summit in Egypt’s Sharm El Sheikh, the UN Environment Programme announced on …
Read More »India can Buy as much Russian Oil as It Wants, Outside Price Cap
The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap, US Treasury Secretary Janet Yellen said on Friday. The …
Read More »U.S. Seizure of Chinese Panels could Slow its Solar Energy Rollout
The U.S. Customs and Border Protection has seized more than 1,000 shipments of China-made solar power equipment over a new U.S. law targeting forced labor in a Chinese region, industry sources and customs officials told Reuters, in a development that could derail the solar energy boom in the United States. …
Read More »EU Sanctions won’t Fully Stop Russian Oil Coming to Europe
The European Union’s impending sanctions on oil imports from Russia aren’t quite as exclusionary as they might seem at first sight. While almost all direct seaborne imports of crude and refined petroleum products will both be banned by early next year, it will still be possible for what are arguably …
Read More »Scramble for Gas Threatens Global Climate Goals
A study says that emissions from proposed and approved gas projects endanger the Paris Agreement goals as western countries seek to stave off the energy crisis. Hasty policy changes by major global economies to procure gas amid the global energy crisis pose a threat to the Paris Agreement, according to …
Read More »China Replaces Alaskan Expensive Crude with Russian Oil
China’s passion for Alaskan oil appears to be over as the country turns to Russia. Surging Chinese energy demand amid Covid lockdowns on the US West Coast prompted Alaskan oil exporters to ship more crude than any time in two-decades, and nearly all of it went to the East Asian …
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