Europe has managed to make it through this winter season with record levels of natural gas in storage, setting it up to head into next winter on solid ground. With the end of March essentially wrapping up the typical winter season, natural gas stores in Europe remain 58.7% full, Gas …
Read More »Petrochemicals are Driving 90% of China’s Oil Demand Growth
Last year, Bloomberg caused quite a stir in energy circles when it predicted that global demand for road fuel will peak in 2027. According to Bloomberg, demand for road fuel will hit an all-time high of 49 million barrels per day just three years from now before entering terminal decline. …
Read More »AI’s Rapid Growth Poses a Challenge to Big Tech’s Clean Energy Efforts
For decades, Big Tech has been one of the largest and most innovative proponents of clean energy. Silicon Valley giants have put considerable amounts of money and effort into making their companies greener and supporting renewable energy growth. But in recent years, the conversation around the tech sector’s energy use …
Read More »PetroChina becomes China’s Second-Largest Company
PetroChina has become the second-largest company in China by market value after it overtook the Industrial and Commercial Bank of China. Bloomberg reported that the oil major’s stock had soared by 42% since the start of the year, bringing its market value to the equivalent of some $244 billion. The …
Read More »Argentina Discusses Natural Gas Exports to Brazil via Bolivia
Argentina and Brazil are discussing the idea to export natural gas from Argentina’s Vaca Muerta shale play to Brazil via pipelines in Bolivia, by potentially reversing the flow northbound to Brazil. Energy companies from the three South American countries have started talks, but progress has been slow and there are …
Read More »The U.S. was the World’s Top LNG Exporter in 2023
The United States beat out both Australia and Qatar to become the largest exporter of liquefied natural gas (LNG) in 2023, with an average of 11.9 billion cubic feet per day (Bcf/d) in exports last year, the U.S. Energy Information Administration (EIA) said on Monday. Strong demand in Europe, the …
Read More »Qatar Signs Deals for more Ships ahead of Massive LNG Expansion
QatarEnergy has signed four agreements to charter 19 liquefied natural gas carriers from Asian ship operators as it prepares to ramp up output. China’s CMES Co. Ltd. and Shandong MarineGroup Ltd. will supply six vessels each, Qatar’s energy minister Saad Al-Kaabi said at a ceremony in Doha on Sunday. Malaysia’s …
Read More »China, Japan Hold Talks on Water Release from Crippled Nuclear Power Plant
Japan and China have held talks over the release of treated radioactive wastewater from the crippled Fukushima Daiichi nuclear power plant. During the talks held in Dalian, northeastern China on Saturday, the two sides laid out their positions and exchanged opinions on technical matters concerning the treated water, Kyodo News …
Read More »Big Oil Criticized for Falling Short of Net-Zero Goals
Climate Action 100+, a lobby group comprising many of the world’s biggest asset managers, has criticized Big Oil majors for falling short of a set of criteria devised to assess a company’s preparedness for a net-zero world. The finding, as detailed in a recent Reuters report, is hardly a surprise …
Read More »France Sets Ambitious Green Goals for Paris Olympics
For the Qatar 2022 World Cup, the government promised to make the tournament as green as possible through green public transport, massive recycling efforts and reusable venues. However, many questioned whether it would ever be possible to make a World Cup being held in the desert truly green, as it …
Read More »