The United Arab Emirates (UAE) is building the world’s largest concentrated solar power plant, capable of generating 700 megawatts. During daylight, solar power will provide cheap electricity, and at night the UAE will use stored solar heat to generate electricity. But at the same time, four nuclear reactors are nearing …
Read More »US Shale will be First Casualty of Oil Price War
Although the oil price war was triggered by the Russia-Saudi fall-out, US shale will be the first casualty, writes Robin Mills. In the process, the US will learn that producing a lot of oil at high prices is not the “energy dominance” it has made a centerpiece of foreign policy, …
Read More »Saudi Arabia’s Terrible Decision
Those with a functioning memory may have thought that last week’s decision by Saudi Arabia to maximize oil production to crash oil prices and bankrupt U.S. shale producers was an early April Fool’s Day joke. Apparently, though, it is not, and collective amnesia seems to have gripped senior Saudis and …
Read More »Iran, Kuwait Underscore Cooperation on Fight against Coronavirus
In a Sunday meeting between Iranian Ambassador to Kuwait Mohammad Irani and Chairman of the Kuwait Red Crescent Society Hilal Al-Sayer, the two sides underlined the significance of mutual cooperation on combating against the novel coronavirus. The Iranian envoy named US-led sanctions on his country as the main factor preventing …
Read More »Turkey’s 3rd Drillship Reaches Its Mediterranean
Turkey’s third drillship arrived in Tasucu, Mersin, a coastal city in the Mediterranean region of the country on Sunday, the country’s energy minister said. Fatih Donmez said that the Turkish Petroleum Corporation took the ship into its inventory on Jan. 31 and it set off from the U.K. “We named …
Read More »Coronavirus Crisis an ‘Excellent Opportunity’ to Speed Global Energy Transition
The Coronavirus economic stimulus packages being drawn up by governments around the world should build-in “large scale” spending on clean energy technologies including wind, solar, green hydrogen and carbon capture and storage (CCS), says Fatih Birol, executive director of the International Energy Agency (IEA). Investment in renewables, said Birol, in …
Read More »Iran’s Export to Iraq Underway despite Problems
Chairman of Iran-Iraq Joint Chamber of Commerce Yahya Al-e Es’hagh said that Iran’s export of products to neighboring Iraq is running despite some problems. He made the remarks in an interview with FNA on Sun. and added, “in spite of opening and closing Iranian and Iraqi borders repeatedly, Iran’s export …
Read More »Spare Capacity in Oil Market Set to Fall as Producers Ramp Up Supply
Global oil spare production capacity could fall in April as Saudi Arabia and the UAE bring more supply to the market following the collapse of output restriction pact. “Global spare capacity will drop by 2-3 million bpd as most of the players with spare capacity will start ramping up their …
Read More »Tehran Getting Ready for Next Phase of Battle against Coronavirus
Head of the Coronavirus Control Operations HQ in Tehran said Saturday that the Iranian capital is getting ready for the next phase of battling the deadly virus this week. Alireza Zali, Head of the Coronavirus Control Operations HQ in Tehran, said the capital is about to enter the next phase …
Read More »World’s First Commercial Green-Hydrogen Project Using High-Temperature Electrolysis Announced
The first commercial-scale use of high-temperature solid-oxide electrolysers (SOE) is set for a biofuel refinery in the Netherlands. SOE technology offers highly efficient green-hydrogen production — when using waste heat from nearby sources, it can produce four to six times as much H2 output per kWh as other types of …
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