Nearly 25.7% of the total US electricity production in April, came from renewable energy sources, including solar, wind, geothermal, hydropower and biomass. A SUN DAY Campaign analysis of new data released by the US Energy Information Administration suggests solar and wind output during the month was 29.9% and 22.1% greater …
Read More »Iraq to Receive $360 mil World Bank Loan to Help Expand Gas Flaring Reduction from South
Basrah Gas Co. — a joint venture between Iraq’s state-owned South Gas Co., Shell and Mitsubishi Corp. — will receive a $360 million from the World’s Bank’s private sector financing arm to help OPEC’s second largest producer reduce gas flaring from its southern oil fields. The International Finance Corp. and …
Read More »World’s Biggest Green Hydrogen Project Announced for Kazakhstan
Germany’s Svevind has announced plans for a colossal green hydrogen project that will place some 45 gigawatts of wind and solar energy generation on the vast steppes of Kazakhstan to produce around three million tonnes of green hydrogen annually. This project will utterly dwarf the biggest project currently in planning …
Read More »Oil Holds below $73 on Demand Concerns ahead of OPEC+ Meeting
Oil held losses below $73 a barrel as a coronavirus resurgence raised concerns about the demand recovery ahead of an OPEC+ meeting this week that’s expected to lead to increased output from the alliance. Futures in New York edged lower after declining 1.5% on Monday. The more infectious delta variant …
Read More »Qatar Sees Gas Demand Peaking Around 2040, Much Later Than IEA
Natural gas giant Qatar Petroleum predicted global demand for the fuel will continue to climb for almost two decades, making it far more optimistic than the International Energy Agency. QP expects consumption to grow at a rate of 1.5% a year, driven higher by economic growth and a broad shift …
Read More »Rising Covid-19 Cases in Asia Push Oil Prices Down
Oil prices slipped on Monday after hitting more than two-and-a-half-year highs earlier in the session, as a spike in Covid-19 cases in Asia put a brake on rally before this week’s OPEC+ meeting. Brent dipped 10c, or 0.1%, to $76.08 a barrel at 9.11am GMT, after climbing to $76.60 its …
Read More »Libya’s Oil Revenues Hit $1.322 Billion in May
Oil revenues for Libya reached record levels last May, as they recorded 1.322 billion dollars in crude oil and 53 million dollars in gas and condensates, the National Oil Corporation (NOC) announced on Sunday. The corporation said that net revenues for the month of May from sales of crude oil, …
Read More »China Turns on World’s First Giant Hydropower Turbines
Two of the world’s first one-gigawatt turbines started full power generation on Monday at the giant hydropower station in southwestern China. According to state broadcaster CCTV, Baihetan started generating electricity on Monday, after a three-day trial operation. When completed, it will house 16 China-developed generators, providing a total capacity of …
Read More »No Decision Yet on Extending or not Extending Monitoring Agreement with IAEA
The Iranian Foreign Ministry announced on Monday that still no decision has been taken to extend or not to extend monitoring deal with the International Atomic Energy Agency. “Still no decision has been taken about agreement or no agreement, or how to continue or not to continue cooperation with the …
Read More »Iran Won’t Give Data Recordings to IAEA
Iranian Parliament Mohammad Baqer Qalibaf has announced that Iran’s three-month deal with the UN nuclear watchdog has expired and thus Iran won’t give its data recordings to the UN body. Qalibaf made the remarks in response to a question from a lawmaker on the latest developments regarding the deal between …
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