The world has only a few months to prevent the energy industry’s carbon emissions from surpassing pre-pandemic levels this year as economies begin to rebound from Covid-19 restrictions, according to the International Energy Agency. New figures from the global energy watchdog found that fossil fuel emissions climbed steadily over the …

Global carbon dioxide emissions dropped by 5.8% in 2020 as the COVID-19 pandemic slowed economic activity, but they rebounded at the end of the year and are on course to rise further, the International Energy Agency said on Tuesday. Major economies led a rebound in December when emissions were 2%, …

US-based engineers have joined forces to develop high-voltage reference batteries for behind-the-meter energy storage applications, based on a bipolar technology that uses silicon wafers in traditional lead batteries. The wafers are similar to those in photovoltaic cells and the idea is that the development becomes a ‘plug and play’ solar-powered …

Iranian Energy Minister Reza Ardakanian announced that Iraq would pay its arrears to Iran as part of an agreement with Tehran, saying that the neighboring country will fully pay its debts. “There is no reason to worry about payments related to electricity exports to Iraq as this is carried out …

Iranian Foreign Minister Mohammad Javad Zarif warned that Tehran will take serious action in response to any possible West-sponsored resolution at the International Atomic Energy Agency (IAEA) Board of Governors. “The foreign minister presented a report on the latest developments at the IAEA Board of Governors during the meeting (with …

The decline of Angola, from being Africa’s top crude producer five years ago to barely pumping more than war-torn Libya today, shows the heavy toll of a slump in oil-industry investment. The nation’s production has fallen by more than a third since 2015, when international oil companies started slashing investment …

Chevron Corp on Thursday said it had launched a $300 million fund focused on low-carbon technology, as traditional global oil and gas firms attempt to invest more in green energy and tackle climate change. Major energy firms have set targets to reduce greenhouse gas emissions or are exploring investments in …

Norway’s oil fund, the world’s largest sovereign wealth fund, bought shares in four Turkish energy companies with investments totaling around $140 million up to the end of 2020, according to official figures from Norway’s Norges Bank Investment Management. The giant fund made its biggest energy investment in Eregli Iron and …

Siemens Gamesa Renewable Energy has been awarded a firm order from the EDF Renewables/Enbridge/wpd consortium for the 448MW Courseulles-sur-Mer offshore wind power project. Located 10km off the Bessin coast, the project brings the total capacity awarded to Siemens Gamesa by the consortium in France to approximaely 1GW. Both the wind …

Iran’s non-oil foreign trade stood at 134 million tons worth $65.5 billion during the 11 months ending February 18. According to Ruhollah Latifi, the spokesman of the Islamic Republic of Iran Customs Administration, 103 million tons of commodities worth $31.2 billion were exported, while around 30.8 million tons of goods …