Articles

Europe’s Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil. Surging oil and gas prices in 2021 delivered billions of dollars in profits to top oil companies, in stark contrast to the previous year when energy prices collapsed as the coronavirus pandemic …

The major TAPI gas pipeline project – for Turkmenistan-Afghanistan-Pakistan-India – has not been completed despite the fact that it was kicked off decades. During this time Afghanistan has seen the collapse and establishment of various governments. TAPI is considered one of the major development projects in the region. After Turkmenistan …

The COP26 climate talks in Glasgow, Scotland, held through mid-November, provided a stage for fierce fights between the United Kingdom and other European nations and emerging economies and coal-reliant nations over the phaseout of coal power by 2040. Although Japan was also under strong pressure to make a commitment to …

China will continue to be the global leader in renewable energy capacity growth over the next five years, despite phasing out renewable subsidies and the country’s heavy reliance on coal, which will remain unchanged in 2022, according to analysts. The global renewable energy sector saw strong growth in the past …

China has made a new breakthrough in its quest for clean fusion energy, as one of its “artificial suns” set a new record in sustained high temperatures, according to state media. The Experimental Advanced Superconducting Tokamak (EAST), a nuclear fusion reactor research facility, ran at 70 million degrees Celsius for …

On winter’s eve, Europe found itself in an unprecedented energy crisis. The oversupply of fuel observed over the past two years, leading to lower prices, was quickly replaced by an unparalleled shortage which shocked the continent’s electricity production and hit the lives of ordinary citizens. The energy crisis that gripped …

Have you ever heard about China’s Artificial Sun? What was the first picture that came to your mind when you got to know about this seeming extraordinary feat? Did you imagine another huge glowing orange glob of fire hoisted in the skies of the Asian nation? Well, if you could …

“Our products make the world run.” This is what Chevron’s chief executive Mike Wirth said at this week’s World Petroleum Congress in Houston. The statement echoed a sentiment expressed by other oil executives attending the event—oil and gas are indispensable and will continue to be indispensable for the observable future …

Several international oil supermajors are planning to boost production while also promising to decrease their greenhouse gas emissions over the next decade and beyond. This seemingly counterintuitive strategy is the result of pressure from international organizations to decarbonize and the continued climb of energy demand around the world. Royal Dutch …

The euro area is currently experiencing its fourth COVID wave with infection rates that clearly exceed the previous waves, particularly, in countries where the vaccinated share of the population is rather low. In September, excess mortality had already increased by 12% compared with the years 2016-2019. To date, Southern European …