Spearheaded by the governments of India and the UK, the first transnational network of solar power grids known as the Green Grids Initiative – One Sun One World One Grid (GGI-OSOWOG) has been launched. At the COP26 climate conference in Glasgow, the International Solar Alliance (ISA), India Presidency of the …

Royal Dutch Shell is currently committed to exploring in Africa for hydrocarbons and doing so fits the company’s purpose, its exploration manager for deepwater Africa Benjamin Mee said on Wednesday at an industry event. More than 80% of Shell’s exploration will be focused on core positions with an emphasis on …

China and the US have signed a joint declaration on enhancing climate action over the next decade in a bid to achieve the goals set in the 2015 Paris Agreement. The announcement was made at the 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow, Scotland which …

Russian Deputy Energy Minister Pavel Sorokin and Deputy Secretary at the US Department of Energy David Turk held a meeting at the Conference of the Parties to the UN Framework Convention on Climate Change in Glasgow, discussing the issues of stabilization of the global oil market, and shared views on …

The Organisation of Petroleum Exporting Countries on Tuesday said about $450bn worth of new refinery projects and expansion of existing units would be invested in Nigeria and other developing nations. It said the investments were part of the estimated $1.5tn that would be invested in the downstream sector of the …

The U.S. government projected that the global oil market will become oversupplied and prices will fall by early next year, cooling expectations that the White House may tap the nation’s emergency reserves. Supply increases next year from OPEC nations as well as U.S. drillers will ultimately pressure prices lower. The …

Turkey will soon announce a significant natural gas discovery in the Black Sea, the country’s Energy and Natural Resources Minister Fatih Dönmez said on Nov. 9. “Natural gas is being used in Turkey’s 81 provinces right now. The countdown has started for good news about another natural gas discovery that …

China’s pledge to stop building coal power plants abroad could lead to a sharp drop in the number of coal plants being completed in Asia, according to a study released on Wednesday (Nov 10). President Xi Jinping’s announcement in September that China would no longer build coal plants overseas could …

Oil prices rose on Wednesday, extending strong gains in the previous session, after industry data showed US crude stocks unexpectedly fell last week just as near-term travel demand picked up with Covid-19 pandemic curbs easing. Brent crude futures climbed 32c, or 0.4%, to $85.10 a barrel by 4.16am GMT, after …

The world will see its level of spare oil production capacity dwindle next year as jet fuel demand returns to pre- or near-pre-crisis levels, Amin Nasser, the chief executive of Saudi Aramco, said on Tuesday. “The industry’s spare capacity, currently at 3-4 million barrels per day (bpd) is providing some …