China considers this year as the crucial year for its new-energy vehicles industry to “go global,” according to the Chinese industry ministry. In a meeting chaired by Chinese Minister of Industry, Xiao Yaqing, Beijing has decided to accelerate innovations and products and standards in its zero-emission vehicles industry to “go …

The COP28 climate summit slated to be held in Abu Dhabi in 2023 should include input from experts and professionals from the oil and gas industry because the world cannot simply unplug from the energy system as it is today, Sultan bin Ahmed Al Jaber, the UAE’s Minister of Industry …

Supermajor ExxonMobil has revealed its ambition to achieve net-zero greenhouse gas emissions for operated assets by 2050. Exxon said that the net-zero aspiration applies to Scope 1 and Scope 2 greenhouse gas emissions and builds on its 2030 emission-reduction plans, which include net-zero emissions for Permian Basin operations and ongoing …

In the EIA’s January Short-Term Energy Outlook (STEO), it is forecasted that rising electricity generation from renewable energy resources such as solar and wind will reduce generation from fossil fuel-fired power plants over the next two years. The forecast share of generation for US non-hydropower renewable sources, including solar and …

British multinational oil and gas company, BP, and Oman’s Ministry of Energy and Minerals signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement for multiple gigawatt, world-class renewable energy and green hydrogen development in Oman, by 2030, BP announced in a recent statement. As part of the …

Global oil markets look tighter than previously thought as demand suffers surprisingly little impact from the latest coronavirus strain while supplies are curbed by disruptions, the International Energy Agency said. The surplus facing world markets this year is shrinking, with oil demand — slightly upgraded from last month — on …

Oil prices on Tuesday climbed to their highest since 2014 as Yemeni popular forces attacked the United Arab Emirates, warning it could target more facilities. International benchmark Brent crude futures advanced 1.19% to $87.51 per barrel, while US West Texas Intermediate futures settled 2.43% higher at $85.43 per barrel. Both …

South Korean President Moon Jae-in and Saudi Arabia’s de facto ruler Crown Prince Mohammed bin Salman held a meeting in Riyadh Tuesday to bolster ties between the two countries beyond construction and infrastructure into more future-oriented fields such as hydrogen. During the talks, the two leaders agreed to build a …

China remains as tied as ever to fossil fuels, even as it adds more renewable power than any other nation. Last year, the share of coal and gas in power generation was stuck at 71%, the same as 2020. The world’s biggest polluter wants to peak its carbon emissions by …

ExxonMobil this week announced its ambition to achieve net-zero greenhouse gas emissions from its operated assets by 2050. That goal applies to the company’s Scope 1 and Scope 2 GHG emissions. “We are developing comprehensive roadmaps to reduce greenhouse gas emissions from our operated assets around the world, and where …