China’s growing energy needs on the back of a post-COVID economic recovery has put the spotlight on coal, but whether it will come from higher imports or a more aggressive domestic production remains debatable. While some analysts believe that rising domestic output will be sufficient to cater to the coal …
Read More »NIOC to Implement Oil, Gas Production Rise Projects to Materialize Motto of Year
The managing director of National Iranian Oil Company (NIOC) emphasized the efforts of this company to realize the slogan of this Iranian calendar year (began on March 21) and said during the activity of the Ministry of Oil in the 13th government, increasing production in the oil and gas sector …
Read More »India Mulls LNG Reserve to Avoid Future Shortages
India is reportedly considering the creation of a strategic reserve of liquefied natural gas (LNG) to protect against potential supply shortages or price spikes in the future, following the country’s energy crisis last year, according to a senior executive at India’s leading LNG importer. The government has “proposed we should …
Read More »European Gas Prices Rise with another Bout of Chilly Weather
European natural gas prices rose after a second straight weekly decline, as another spell of colder weather passes through the region. Temperatures across the continent are forecast to drop again this week. Together with some project maintenance in Norway in the coming days, there could be an upside for near-term …
Read More »Russia may Demand Compensation over Nord Stream Pipeline Explosions
Moscow may seek compensation over damage from last year’s explosions on the Nord Stream gas pipelines, news agency RIA Novosti reported on Monday, citing a Russian diplomat, who also said that the future of the projects was unknown. The pipelines, which connect Russia and Germany under the Baltic Sea, were …
Read More »Scientists Find New Way to Make Hydrogen Directly from Seawater
RMIT University researchers have developed a cheaper and more energy-efficient way to make hydrogen directly from seawater. In a critical step towards a truly viable green hydrogen industry the new method splits the seawater directly into hydrogen and oxygen. The new process skips the need for desalination and its associated …
Read More »Japan’s TEPCO to Develop 1.9 GW of Offshore Wind Power in Scotland
Tokyo Electric Power Company Holdings (TEPCO) said on Monday that it had won the rights to develop up to 1.9 gigawatts (GW) of floating offshore wind capacity across two projects in Scotland together with Norway-based company Vargronn. Many once-conventional energy and power companies around the globe are switching their attention …
Read More »Russia can Ensure Smooth Energy Supplies to China
Russia can ensure a steady supply of energy resources to China that it needs, Russian President Vladimir Putin said. “China and Russia complement one another, I am talking about the high pace of development of the Chinese economy and the demand for energy resources. China needs these shipments to be …
Read More »Chinese Oil Companies Lead in Iraqi Oil Purchases for February
Iraq’s State Organization for Marketing of Oil (SOMO) announced that Chinese oil companies were the largest buyers of Iraqi oil during the month of February. According to statistics published on SOMO’s official website, Chinese companies accounted for 7 of the 35 firms that purchased oil last month. SOMO’s data revealed …
Read More »Turning Brazil into World’s Fourth Largest Oil Producer with New Hydrocarbon Exploration Programme
Brazilian Ministry of Mines and Energy (MME) is setting the wheels into motion to launch a programme, which would step up investments in oil and natural gas exploration to promote regional development and foster national production while making Brazil the fourth largest oil producer in the world. To this end, …
Read More »