India has stepped up the use of coal to generate electricity in a bid to stop outages caused by lower hydroelectricity output, as an increase in renewables is struggling to keep pace with record power demand. It is unusual for India’s electricity use to spike in August, when temperatures are …
Read More »Japan Gains Understanding from Jordan over Fukushima Water Release
Japanese Foreign Minister Yoshimasa Hayashi on Sunday gained understanding from his Jordanian counterpart Ayman Safadi over the recent start of the release into the sea of treated radioactive water from the crippled Fukushima nuclear power plant. In Jordan, Hayashi told Safadi that the discharge is being carried out with transparency …
Read More »No Single Form of Energy can Meet Future Demand – OPEC Secretary General
No single form of energy can currently meet expected future energy demand; instead, an “all-peoples, all-fuels and all-technologies” approach is required, said OPEC Secretary General Haitham Al Ghais, Trend reports. “As such, OPEC member countries are ready, willing and able to provide the affordable energy needed to cater towards these …
Read More »EIA: Iraqi Oil Exports to U.S. Declined Last Week
Iraq, OPEC’s second largest exporter, has had its crude oil supplies to the US, the world’s second largest importer, decreased, data by the Energy Information Administration (EIA) showed this weekend. In the span of a week, the volume dwindled from 283,000 barrels daily to a mere 232,000 barrels — a …
Read More »Iraq Increases Discounted Oil Sales to Jordan in August
Iraq’s State Oil Marketing Organization (SOMO) has reported a rise in its exports to Jordan for August, with the price of a barrel standing at $70.22. With this price tag, Iraq has offered Jordan a discount of $13.13 per barrel, given that the official selling rate declared by Iraq’s Ministry …
Read More »OPEC’s Crude Oil Production Rose Slightly in August
Crude oil production from the OPEC alliance actually climbed in August by 40,000 bpd, according to a new survey published by Bloomberg on Friday. Saudi Arabia’s output may have fallen in August by 170,000 bpd, according to the survey, but Nigeria and Iran’s production increased, largely offsetting Saudi Arabia’s cuts. …
Read More »Canada’s Oil and Gas Industry Cuts Emissions while Boosting Output
Canada’s oil and gas companies have managed to boost production from conventional resources while reducing carbon dioxide and methane emissions over the decade to 2021, the industry association CAPP has reported. Between 2012 and 2021, CAPP said, Canada’s oil and gas producers increased their total conventional hydrocarbon output by 21%, …
Read More »Kazakhstan Buys Tankers to Transport Oil Bypassing Russia
Kazakhstan is buying tankers to transport its oil through the Caspian and Black seas. Thus, the country can look for an alternative to the main export pipeline through the Russian Federation. A division of the state-owned company “KazMunayGaz” has already purchased two tankers with a deadweight of 8,000 tons each …
Read More »Egypt to Drill 35 New Gas Wells to Increase Production
Egypt plans to drill 35 new natural gas wells in the Mediterranean Sea and the Nile Delta in the next two fiscal years to boost its production. The country already drilled 10 natural gas wells during the fiscal year 2022-2023, which ended on June 30, 2023, Tarek El-Molla, Egyptian Minister …
Read More »Turkey Tries to Broker Revenue-Sharing Deal on Kurdish Oil
Turkey is in the process of brokering a deal between the central Iraqi government and the authorities of the semi-autonomous Kurdistan region on sharing the revenues from crude oil production in the northern Iraqi region. The deal, according to Bloomberg, which cited unnamed Turkish officials, would help resume the operation …
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