Iraq’s Ministry of Oil has announced finalised oil exports for June of 86,765,589 barrels, giving an average for the month of 2.892 million barrels per day (bpd), slightly down from the 2.899 million bpd exported in May. The exports from the oilfields in central and southern Iraq amounted to approximately …
Read More »The Great Toyota Zero-Emissions Summer Olympics Debacle
Do you remember this CNET Road Show headline from 2019? “Toyota will use Tokyo Olympics to debut solid state battery electric vehicle.” The 2020 Olympics were supposed to showcase the zero emissions talents of the Japanese auto industry, with crowds of people moving seamlessly from place to place using self-driving …
Read More »How Accelerating the Pivot to Solar Energy can Help Mena Countries
Between 2018 and 2020, the solar power capacity of Vietnam leapt to 16.5 gigawatts from 0.1 gigawatts. In the same period, the sunny Mena region added only 3.1 gigawatts in its entirety. The region has made some important strides in solar power but it needs to find the way to …
Read More »Russia Returns to Plans for First Batch of LNG-Powered Icebreakers
Reuters reports that top executives announced the news last week. The government has appointed Rosatom, Russia’s atomic energy corporation, as the state operator of the Northern Sea Route. Director general of Rosatom Alexei Likhachev said that by the end of the year a decision on the possible construction of two …
Read More »Iran Opens 1st specialized Nuclear Industry Innovation Center
The First Specialized Nuclear Industry Innovation Center was inaugurated in Tehran on Monday in the presence of Atomic Energy Organization of Iran (AEOI) Chief and Vice-President for Science and Technology. The First Specialized Nuclear Industry Innovation Center was launched with the aim of commercializing the research achievements of the country’s …
Read More »Oil Falls $1/bbl as Coronavirus, Floods Threaten Demand
Oil prices fell nearly $1 on Monday as concerns about fuel demand from the spread of COVID-19 variants, as well as floods in China, offset expectations of tight supplies through the rest of the year. Brent crude futures for September fell 95 cents, or 1.3%, to $73.15 a barrel by …
Read More »U.S. Offshore Rig Count Stays Flat for Two Straight Weeks
The number of active offshore rigs in the U.S. remained stuck at 17 for the second week in a row, according to weekly rig count reports by Baker Hughes. Baker Hughes Rig Count: U.S. +7 to 491 rigs U.S. Rig Count is up 7 from last week to 491 with …
Read More »World’s 1st Hydrogen-Powered Ferry Delivered
Norwegian ferry operator Norled has taken delivery of “the world’s first liquid hydrogen-powered ferry”, MF Hydra. The vessel was designed by compatriot ship design and engineering company LMG Marin and constructed at Westcon shipyard. The ferry is 82.4 meters long with a capacity of up to 300 passengers and 80 …
Read More »OPEC+ Compromise Deal still Favours Saudi and Russia
Saudi Arabia and Russia have clinched a deal for an OPEC+ production increase by partly submitting to the United Arab Emirates’ demands for a more generous quota. But the compromise still leaves Riyadh and Moscow on top. Of all the adjustments agreed recently to the group’s baselines – the level …
Read More »Russia Is Finally Embracing the Electric Vehicle Boom
Late in the race, Russia has recently announced investments targeting electric vehicle (EV) growth in an attempt to catch up with the transition across the rest of Europe. Russia is expected to start work on its EV infrastructure creation, starting in Moscow. The city plans to install 200 EV charging …
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