In 2021, Germany seems to be heading towards producing the largest increase in greenhouse gas emissions in the last 30 years. According to the observations of the first half of the year, the recovery from the coronavirus epidemic will be carried out at the cost of higher pollution than the …
Read More »Google Is Updating Maps, Search and other Products to Help Consumers Save Energy and Reduce Emissions
On Wednesday, Google launched a suite of changes to many of its core products to help consumers make sustainable choices more easily. “Today, climate change is more than a threat,” Sundar Pichai, the CEO of Google and parent company Alphabet, said in a prerecorded video during a virtual press event …
Read More »Germany Seeks Competition Assurances over Nord Stream 2
Germany’s energy regulator said the Nord Stream 2 pipeline must show it would not break competition rules by limiting which suppliers used it and could face a fine if it started pumping Russian gas to Germany without securing necessary approvals. Nord Stream 2, a project led by Gazprom, which has …
Read More »OPEC+ Countries Keep Plan to Increase Oil Production Gradually
On Monday, OPEC and non-OPEC oil-producing countries (OPEC+) confirmed that they will increase their joint production by 400,000 barrels per day in November. They left unchanged their plan to increase supplies progressively. It was announced by the 23 member countries of the alliance in their final declaration. They also decided …
Read More »Iran to US, EU: End Sanctions to Help Address Global Energy Crisis
Iran has called on the decision-makers in the US and the European countries to end anti-Iran sanctions to help ease the global energy crisis. The multiplication of the natural gas prices in Europe as a result of a drop in the fuel’s reserves there, was unprecedented, said Oil Minister Javad …
Read More »Iraq in Talks on Gas Exploration in Western Desert
Iraq’s Oil Minister Ihsan Abdul-Jabbar Ismail has said that the Iraqi National Oil Company (INOC) has opened a dialogue about gas exploration in the Western Desert in Anbar Governorate. The company involved was not named, but was described as “one of the major international companies”. The Minister said Iraq is …
Read More »Japan Counts on Asian Market to Help Shift to Green Energy
Japan is focusing on its neighbors in Asia as it hopes to take a leadership role in the growing push to reduce emissions, having earmarked $10 billion to help the region speed up the move away from fossil fuels. The Economy and Industry Ministry hosted the first “Asia green growth …
Read More »EU has Enough Gas for Winter, but will Consider Join Gas Storage
European Union countries have enough gas in storage to go through the winter, but the surge in gas prices shows the need to quickly switch to renewable sources and analyse the idea of a strategic EU gas storage and joint buying, European Energy Commissioner Kadri Simson said. “Gas underground storage …
Read More »Launch of Russia’s Nord Stream 2 Pipeline could Bring European Gas Prices down to Historic Lows
The start of operations by the Nord Stream 2 gas pipeline in the fourth quarter of this year could drive natural gas prices in Europe down to their lowest levels, Saxo Bank forecasts. On Monday, Nord Stream 2 AG, the operator of the Nord Stream 2 gas pipeline, announced the …
Read More »Eni and BP Looking to Raise $2bn for Proposed Oil and Gas JV in Angola
Eni and BP are reportedly mulling to raise up to $2bn to fund their proposed oil and gas joint venture in Angola. In May 2021, the two firms started talks to merge their Angolan oil, gas and LNG assets in a new joint venture (JV) company to form one of …
Read More »