ADNOC, the Abu Dhabi state oil company, Adu Dhabi Investment Holding, and Mubadala Investment Co., two state investment funds, have teamed up in an Abu Dhabi Hydrogen Alliance to develop hydrogen production and export capabilities, joining a growing number of businesses betting on hydrogen, Argus reports citing Emirati media. Bloomberg …
Read More »Russia’s Flagship Crude Gets a Boost from Saudi Production Cuts
Russia’s flagship crude is rising in price in Europe in the wake of Saudi Arabia’s surprise oil production cuts. The nation’s Urals crude sold at a slight discount of 70 cents a barrel to benchmark Dated Brent in northwest Europe on Jan. 15, a increase of almost $1 from an …
Read More »Oil Prices Down on Concerns over COVID-19 Vaccines
Oil prices fell on Monday over reported deaths of some elderly people after getting the COVID-19 vaccine, while the number of coronavirus cases is still surging to negatively affect oil demand recovery expectations. International benchmark Brent crude was trading at $54.84 per barrel at 0646 GMT for a 0.47% fall …
Read More »IRENA Launches Spring Virtual Renewable Energy Training
The International Renewable Energy Agency (IRENA) has launched the spring 2021 edition of its training programme. Eligible students are now encouraged to apply for the virtual training initiative. IRENA Virtual Renewable Energy Training is IRENA’s response to the growing interest in renewables among young people. The programme aims to prepare …
Read More »China’s First Deep-Water Oil Platform Ready to Set Off for South China Sea
China’s first domestically-built, semi-submersible deep-water oil production unit has been completed after 21 months of construction. The platform is now ready to set off to the country’s first deep-water gas field in the South China Sea. The gas field, called Lingshui 17-2, is 150 kilometers off the city of Sanya …
Read More »IEA Says Oil, Gas Methane Emissions Down 10% in 2020 as Output Fell
Global emissions of the potent greenhouse gas methane from oil and gas production dropped 10% in 2020 mainly because of lower output as opposed to concerted climate action, a report by the International Energy Agency (IEA) found. Methane has more than 80 times the warming potential of carbon dioxide in …
Read More »German Tech Giant Places Major Bet on Green Hydrogen
Hydrogen is turning into the next media star after solar and wind. In its latest claim to fame, two spinoffs of German tech conglomerate Siemens are joining forces to advance green hydrogen technology by building wind-to-hydrogen systems to help decarbonize the global economy. Green hydrogen is touted as a solution …
Read More »Nord Stream 2 Pipeline Construction to Resume in Danish Waters despite US Sanctions Threat
Despite threats of new sanctions from the United States, Nord Stream 2 AG will resume construction of the Nord Stream 2 underwater gas pipeline, which would double the capacity of the existing undersea Nord Stream gas pipeline from Russia to Germany. Ture Falbe-Hansen, who heads the Danish Energy Agency’s press …
Read More »Turkey Invested $3B on Natural Gas Supply in 18 Years
Turkey has invested 27 billion Turkish liras ($3.6 billion) on natural gas distribution since 2002, President Recep Tayyip Erdogan said on Saturday. “Since the day we took office, investment in natural gas distribution across Turkey has reached a total of 27 billion Turkish liras,” Erdogan said via video link at …
Read More »Green Hydrogen Making Early Waves in 2021
It is barely two weeks old, but 2021 is already shaping up as another year of stunning ambition and growth for the emerging global hydrogen sector in its full spectrum of colours. The hue dearest to Recharge’s heart is, of course, green, and the renewable hydrogen sector got a huge …
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