Danish Energy Agency on July 6 gave Nord Stream 2 permission to use pipe laying vessels with anchors to complete the final stretch of the gas pipeline in Danish waters, allowing the company to restart work on the pipeline from Russia to Germany that was hit by US sanctions. Nord …
Read More »North Sea Countries Vow Closer Cooperation on Offshore Wind
Ministers of the North Seas countries have called for an EU framework to tackle barriers to the deployment of multinational “hybrid” offshore wind energy projects. Energy Ministers from Belgium, Denmark, France, Ireland, Luxembourg, the Netherlands, Norway, Sweden, Germany and the European Commission met by videoconference on 6 July 2020 under …
Read More »Global Wind and Solar Generation Smash New Record, Doubling since 2013
Global wind and solar generation have smashed a new record in 2019. That’s according to a new analysis by think tank Ember, which suggests wind and solar energy generated 8.2% of global electricity last year, more than double of the 3.4% renewable share of 2013. Findings of the report also …
Read More »Iran Bracing to Enhance Oil Recovery at Azar Oilfield
The Central Processing Facility (CPF) of Azar Joint Field is now complete, marking a major step towards enhanced oil recovery at the field. The Central Processing Facility (CPF) of Azar Joint Field is now complete, marking a major step towards enhanced oil recovery at the field. Inauguration of the facility …
Read More »Iran’s Daily Gas Output Exceeds 2m cm
Iranian gas output registered a 2.2% growth in the first quarter of the current Iranian year (started on March 20) so that the country’s gas output exceeded 2m cubic meters a day, according to a senior official with National Iranian Gas Company (NIGC). Masoud Zardouyan, the NIGC director of coordination …
Read More »Oil Prices Slide as Spike in U.S. Coronavirus Cases Casts Gloom over Fuel Demand Prospects
Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 54 cents, or 1.3%, to $40.09 a barrel at 0703 GMT, well off an earlier …
Read More »Most Technologies Needed to Achieve Net-Zero aren’t yet Mature
Some 75% of the emissions reductions necessary to meet net-zero are dependent on technologies which have not yet reached commercial maturity, new analysis from the International Energy Agency (IEA) has found. EURACTIV media partner, edie.net, reports. The Agency’s clean energy innovation report warns that net-zero targets, which now cover half …
Read More »Covid-19 Is Reshaping Oil Industry
Eni SpA became the latest oil company to cut its long-term price assumptions, saying the coronavirus pandemic would have a lasting impact on the industry. Eni now sees benchmark Brent crude at $60 a barrel in 2023 real terms, down from a previous estimate of $70, the company said late …
Read More »World-Leading Clean Hydrogen Plant Planned for UK
Norway-based Equinor is leading a project to develop one of the UK’s – and the world’s – first at-scale facilities to produce hydrogen from natural gas in combination with carbon capture and storage (CCS). The project, called Hydrogen to Humber Saltend (H2H Saltend), provides the beginnings of a decarbonised industrial …
Read More »Iran to Put 250 Huge Energy Projects on Stream by Yearend
Iranian Energy Minister Reza Ardakanain said that 250 major water and electricity projects will become operational by the end of the current Iranian calendar year (March 20, 2021). Ardakanian said that according to a major program called “A-B-Iran” [in Farsi the acronyms A and B stand for water and electricity …
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