Goldman Sachs Group Inc. plans to reduce the carbon footprint of its fossil-fuel clients by a fifth, and slash emissions in other key customer groups as it acts on a pledge to make its business climate neutral by mid-century. By 2030, the Wall Street firm intends to have lowered the …

An Iranian expert on international issues said that Iran voluntarily accepted replacing the International Atomic Energy Agency’s cameras in the nuclear facility in Karaj on conditions that legal and security investigation is complete, the IAEA fulfils its duties towards member states, and it condemns sabotage act in the facility. In …

On winter’s eve, Europe found itself in an unprecedented energy crisis. The oversupply of fuel observed over the past two years, leading to lower prices, was quickly replaced by an unparalleled shortage which shocked the continent’s electricity production and hit the lives of ordinary citizens. The energy crisis that gripped …

Have you ever heard about China’s Artificial Sun? What was the first picture that came to your mind when you got to know about this seeming extraordinary feat? Did you imagine another huge glowing orange glob of fire hoisted in the skies of the Asian nation? Well, if you could …

The oil and gas industry is set to spend $15.6 billion on digital transformation by the end of this decade to enhance cybersecurity, maintain safe operations, and create sustainable performance, technology intelligence firm ABI Research said in a new report on Wednesday. Currently, the oil and gas sector faces operational, …

The European Commission unveiled on Wednesday proposals to curb methane emissions and reduce leaks in the energy sector in the European Union (EU) as part of efforts to put the bloc on a path to climate neutrality by 2050. Methane is a powerful greenhouse gas, second only to carbon dioxide …

Russia does not appear to be backing down from its oil and gas commitments, with speculation over new partnerships with India, as well as plans to up its crude output from January, its fossil fuel industry is going from strength to strength. Russia and India signed several energy cooperation agreements …

The pace of Gazprom’s natural gas exports’ growth to Europe has slowed in recent months to just under five percent, according to data published by the Kremlin-backed gas giant yesterday. Gazprom revealed its natural gas exports outside the former Soviet Union bloc between January and December had increased 4.8 percent …

The European Union (EU) is reportedly reconsidering its position on extending long-term natural gas contracts beyond 2049 as part of reforms in its natural gas market to meet the net-zero by 2050 goal. Should the European Commission’s proposal be endorsed by EU heads of state and government this week, putting …

Mitsui OSK Lines (MOL) and Royal Vopak (Vopak) have come to an agreement whereby Vopak will acquire 49.99% of the shares in the vessel owning company of MOL FSRU Challenger, whose name will be changed to Bauhinia Spirit, a nod to Hong Kong’s flag, which features the tropical plant. This …