Scientists from ExxonMobil, University of California, Berkeley and Lawrence Berkeley National Laboratory have discovered a new material that could capture more than 90 percent of CO2 emitted from industrial sources, such as natural gas-fired power plants, using low-temperature steam, requiring less energy for the overall carbon capture process. Laboratory tests …
Read More »Total Investments in Azerbaijan’s Oil Sector Exceed $106 Billion
According to Azernews, ver $106 billion were invested in Azerbaijan’s oil sector in the period between 1995 and 2019, Energy Minister Parviz Shahbazov has said. During the period, out of $140 billion of foreign investments in Azerbaijan, $85 billion were attracted to the oil sector, Shahbazov said addressing the seminar …
Read More »Russia Reportedly Surpassed US in LNG Exports to China in June
Russia exported 396,000 tonnes of liquefied natural gas (LNG) to China in June, while US exports amounted to 340,000 tonnes during the same period, Bloomberg reported on Monday, citing data from China’s General Administration of Customs. According to the customs data released on Sunday, Russia’s LNG exports to China increased …
Read More »Last Segment of Southern Gas Corridor under Completion
The Trans-Adriatic Pipeline (TAP), which is the final segment of the Southern Gas Corridor, envisaging the transportation of Azerbaijani gas to Europe, is under completion, Azerbaijani Energy Minister Parviz Shahbazov said, Trend reported. Shahbazov made the remark in Baku within the 14th Baku Summer Energy School at ADA University dedicated …
Read More »Nord Stream Gas Pipeline Returns to Operations after Maintenance
The Nord Stream gas pipeline, which runs on the bed of the Baltic Sea from Russia to Germany, has returned to operations on Sunday after a routine maintenance, the pipeline operator said. The pipeline’s both lines had been shut for maintenance from July 14. “After the temporary shutdown of the …
Read More »Prized Iraqi Basrah Oil Sees Fire Sale as China Demand Wanes
China’s cooling demand is continuing to wreak havoc on the physical oil market in Asia, with Iraq’s prized Basrah Light crude sold at a discount to its official selling price for the first time since 2017. BP Plc and China National United Oil Corp. both sold prompt cargoes of the …
Read More »Oil Stable as Signs of Easing Virus Offset U.S.-China Tensions
Oil was little changed in Asia as signs of an easing in coronavirus cases across the U.S. south were countered by ongoing diplomatic tensions between the Trump administration and China. Futures in New York slipped 0.3%, after rising 0.5% on Friday. Reported cases and fatalities fell in many states hit …
Read More »Uniper, GE Partner to Decarbonizes Gas Assets
Germany-based energy company Uniper and General Electric have signed an agreement aiming at a long-term collaboration on the decarbonization of Uniper’s gas-fired power plants and natural gas storage facilities. GE’s Gas Power business and Uniper will explore, assess, and develop technology options for decarbonization — GE’s first fleet-wide decarbonization program …
Read More »Solar Surge Is Making Coal Plants Unprofitable in Top Exporter
Australia’s coal power plants, which make up more than half of the nation’s generation mix, are facing increased pressure as rooftop solar hollows out daytime demand. That could mean early closures among the country’s aging fleet, giving energy planners the tricky task of ensuring energy security while replacing the steady, …
Read More »SP Phase 13 Transmission Pipelines Ready to Go Operational
The gas transmission pipelines of South Pars gas field’s 13A and 13C platforms have become ready to transmit gas from these platforms to the refinery on the coast. As reported by the portal of Pars Oil and Gas Company (POGC), which is in charge of developing the giant field in …
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