The world’s largest listed oil companies will have to cut production by at least 50 per cent over the next decade if the world is to limit global warming to 1.5 degrees as per the Paris climate accord, influential climate think tank Carbon Tracker has warned. In a new report, …

The vast majority of the world’s known fossil fuel reserves must be kept in the ground to have some hope of preventing the worst effects of the climate emergency, according to new research. The peer-reviewed study, published in the scientific journal Nature on Wednesday, found that 90% of coal must …

The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for a wildcat and an appraisal well in the North Sea off Norway. The NPD said on Thursday that wells 35/10-7 S and A will be drilled from the West Hercules drilling rig. The drilling programme for wells 35/10-7 …

Amazon and Mitsubishi Corporation (MC) jointly announced they have signed a power purchase agreement (PPA) for a 22 MW solar project in Japan. Operated by MC’s retail subsidiary, MC Retail Energy, the unique solar project is aggregated, which means that it is made up of numerous ground-mounted solar installations currently …

The discussion of Iran’s nuclear program at the upcoming session of the Board of Governors of the International Atomic Energy Agency (IAEA) should not have a negative impact on the prospects of the Vienna talks on the Joint Comprehensive Plan of Action (JCPOA). This opinion was expressed by Russian Permanent …

Particularly, the price of gas futures for October delivery at the TTF hub in the Netherlands reached almost $662 per 1,000 cubic meters MOSCOW, September 8. /TASS/. The gas price in Europe surpassed the $660 per 1,000 cubic meters mark during Wednesday trading, according to data provided by London’s ICE. …

Turkey is on its way to becoming a key hub for LNG supplies with cooperation from Turkey’s largest public institution in the areas of energy, trade, transportation and storage, BOTAS, along with Arkas Bunkering and Sumitomo Corporation, according to Turkey’s BOTAS on Wednesday. A confidentiality agreement signed between BOTAS, which …

As part of its diversification drive, the world’s biggest oil producer, Saudi Arabian Oil Co. (Saudi Aramco) signed 22 new pacts and a joint venture agreement with leading global firms in sectors such as sustainability, technology, industrial and energy services. This comes amid a growing focus on environmental, social and …

Iran’s Ambassador and Permanent Representative to the Vienna-based International Organizations Kazzem Qaribabadi called on the International Atomic Energy Agency (IAEA) to remain impartial and professional in its reports about the country’s nuclear program. Qaribabadi made the remarks on Tuesday after IAEA Chief Rafael Grossi claimed in a report that Iran …

As Arctic ice cover recedes with climate change, Russia is pinning its hopes for supremacy in the warming region on a fleet of giant nuclear-powered icebreakers. Moscow sees the development of the Arctic as a historic mission and already has huge projects to exploit its natural resources. Its next big …