Aramco Upstream chief Nasir Al-Naimi said oil and gas companies should reduce their CO2 footprint as they continue to provide a majority of the world’s energy for years to come. “While new energy has a role to play, it will be a while before it is ready to shoulder a …

The American Petroleum Institute, the largest fossil-fuel lobby, is joining the call for pricing carbon as one way to lower U.S. emissions and slow global warming. In its release out Thursday, API said it backs “sensible legislation that prices carbon across all economic sectors while avoiding regulatory duplication.” The stance …

As the shift in oil demand from Covid-19 turned the tables of regional levels of fuel production and exports, China succeeded in overtaking the USA as the world’s biggest oil refiner in 2020. As China began to ramp up its refining capacity throughout the pandemic, the US Energy Information Administration …

Crude oil producers from Europe, Africa and the United States faced difficulties selling to Asia, especially China, as buyers took cheaper oil from storage while refinery maintenance has reduced demand, industry sources said on Thursday. Chinese independent refiners, which account for a fifth of the country’s imports, have slowed imports …

With oil prices making steady gains earlier this year, OPEC and other producers had hoped to ease output cuts, but industry sources say a fresh wave of lockdowns around the world threatens to tear up those plans. The OPEC+ group of producers, which are holding back millions of barrels of …

Gazprom has been working consistently for many years to reduce its environmental impacts and increase energy efficiency. In 2020, Gazprom implemented the planned environmental protection measures and achieved its corporate environmental targets. In 2020, the company reduced the emissions by 16 million tons of CO2 equivalent (14 %) against the …

A slump in Europe’s travel industry could have a knock-on effect for oil and gas as lockdowns spread across Europe once again. European airline shares plunged this week as Germany, France and Italy all announced new lockdown measures to be introduced over and beyond the Easter period. Vacation travel is …

Renewed concerns over flaring up of COVID-19 cases in Europe have reversed fortunes in crude oil industry, sending oil prices on another round of descent. Both the WTI and Brent crude fell by over four per cent on Tuesday. New or extended lockdowns in Europe, including in Italy, France, and …

The production of hydrogen today is a “climate killer” according to Carlo Zorzoli of Enel Green Power. He said some “98% of it is produced from steam reforming and gasification, which equates to yearly carbon emissions comparable to that of Indonesia and the UK combined. Just 2% is produced from …

The initial focus should be on hydrogen production technologies “satisfactory for all the consumers in respect of the environmental aspect” and on hydrogen production cost, Deputy Energy Minister Pavel Sorokin said MOSCOW, March 24. /TASS/. There is a need to review all the effective projects in the domestic hydrogen energy …