It’s official: The big hydrogen techlash is now history. For decades, there was an undeniable and growing animus towards anything hydrogen by the investing universe, with the technology relegated to niche corners of the market, such as material handling and emergency power backup. Hydrogen technology was considered too costly and …
Read More »Total Sees Oil Demand Peaking around 2030 as World Goes Green
Total SE joined the ranks of oil companies anticipating a peak for the industry in the coming decade, saying demand growth will end around 2030. While the French energy giant’s analysis is more conservative than that of BP Plc, which earlier this month said the era of oil-market growth was …
Read More »Iran, Russia, Kazakhstan, Turkmenistan Agree to Form Joint Shipping Line
A shipping line will be established between the Islamic Republic of Iran, the Russian Federation, Kazakhstan, and Turkmenistan as agreed by the relevant authorities of the four countries, an Iranian official announced. Deputy CEO of Iran’s Ports and Maritime Organization for Ports and Economic Affairs Farhad Montaser Koushari said that …
Read More »Iran’s Oil Tanker Carrying Fuel Enters Waters of Venezuela
The first tanker of a three-vessel Iranian flotilla carrying much-needed fuel for Venezuela has entered waters of the South American country despite the sanctions imposed on both countries by the US, reports said. The Iran-flagged tanker Forest, which is transporting some 270,000 barrels of fuel loaded in the Middle East, …
Read More »Iran, Bulgaria to Boost Transport Cooperation
Tehran and Sofia are to forge closer cooperation in the domains of economy, the transit of goods and transportation. In a meeting between Iranian Minister of Roads and Transportation Mohammad Eslami and Bulgaria’s new Ambassador to Tehran, the two sides underlined the need to implement agreements reached by the two …
Read More »Turkish Companies are Installing Power Station in Tripoli
The Turkish Minister of Energy and Natural Resources, Fatih Donmaz, said on Monday that several Turkish investors have agreements in Libya to install power stations to be run with natural gas. Donmaz added that a thousand megawatt power station in Tripoli is presently being implemented by a Turkish company which …
Read More »India Explores Strategic Oil Reserves in US, other Commercially Viable Locations
India has accumulated huge oil reserves during the pandemic, taking advantage of the depressed prices and lack of demand across the world. State-funded strategic crude oil reserves are meant to tackle emergency situations and allow the Modi government to tide over short-term supply disruptions. The Indian government revealed on Tuesday …
Read More »Iran, Qatar Discuss Joining Power Grids through Sea
Iranian and Qatari energy ministers yesterday discussed connecting the two countries’ electricity networks via a submarine cable. In a virtual meeting, the Qatari minister, Saad Sherida Al-Kaabi, said that the project was “possible”, adding that a “proposal should be worked on”. “In my opinion, this idea is practical and it …
Read More »China has Completed Development of Third-Gen Nuclear Tech
China has completed the development of a third-generation nuclear technology that could help cut greenhouse gas emissions by millions of tonnes a year, the State Power Investment Corporation announced on Monday. The announcement that work on the CAP 1400 reactors had finished came days after Chinese President Xi Jinping promised …
Read More »Rosneft Develops Cooperation with Japanese Suppliers
Rosneft Oil Company has held a seminar on the organisation of the company’s procurement activities in the format of a video conference. The event was attended online by representatives of more than 20 leading Japanese suppliers and contractors. The seminar was arranged as subject to the agreements achieved at the …
Read More »