It sure looks as though momentum is all of a sudden getting behind nuclear power, with even NPR coming out and writing yesterday that “resistance to nuclear power is on the decline worldwide — and environmentalists helped lead the push.” Now, with energy prices going parabolic in his country, German …
Read More »The U.S. Power Grid can’t Support its Climate Pledges
The neglected domestic power grid is standing between the United States and its climate pledges. In many parts of the country, most notably Texas, California, and the Southwest, renewable energy plants are producing enough clean, emissions-free energy to share with other regions – but there’s no way to get it …
Read More »Aramco Set to Take Stake in Renault’s Future Thermal Engine Business
Saudi Arabia’s oil and gas giant Saudi Aramco could take a stake in French automaker Renault’s future thermal engine business after it separates it from its electric vehicle division. According to a Reuters report on Tuesday, China’s Geely Automobile Holdings and an oil group are in talks over taking stakes …
Read More »Iraq Yields 9.784 Billion Dollars from Crude Sales in August
Iraq collectively grossed 9.784 billion dollars from oil sales in August 2022, according to a survey by the state oil marketer, SOMO. Crude oil exports amounted to 101,959,528 barrels, yielding 9,784,000,000 dollars, the SOMO survey said. Exports from oilfields in Mid and south Iraq amounted to 100,750,000 barrels, while Kirkuk …
Read More »Russia Supports OPEC+ Deal Extension, Country’s Oil Output may Grow in 2022
Russian oil production may increase this year, Deputy Prime Minister Alexander Novak said on Thursday, despite Western sanctions over Ukraine, while the country supports OPEC+ deal extension beyond 2022. He said production of oil and gas condensate is expected at between 520 million tonnes and 525 million tonnes in 2022 …
Read More »EU Hits Gas Storage Target ahead of Deadline
The European Union’s gas storage facilities have been filled to 80 percent, the bloc’s Commissioner for Energy Kadri Simson said in a tweet. The EU had set itself a deadline in October to have its gas storage caverns 80 percent full ahead of the start of the heating season amid …
Read More »Oil Sinks further to Test OPEC’s Resolve amid Semand Concerns
Oil fell for a third day as demand concerns continue to escalate and the dollar rose, joining a selloff of assets from equities to metals. West Texas Intermediate futures dropped below US$88 a barrel, after falling for a third consecutive month in August in the longest run since April 2020. …
Read More »QatarEnergy to Build World’s Largest Blue Ammonia Facility
QatarEnergy is to build this large blue ammonia plant that will come online in the first quarter of 2026. The facility is to produce 1.2 million tonnes per year of blue ammonia. According to the company, this makes it the world’s largest such facility. The project will be located in …
Read More »European Gas Markets Take Sigh of Relief
European gas markets are taking a sigh of relief after aggressive purchasing for LNG cargos and piped gas see storages filled faster than EU targets, Rystad Energy Senior Analyst Wei Xiong said in a market note sent to Rigzone on Wednesday. Europe is in full bunkering mode and taking no …
Read More »Germany Upbeat on Energy Security; Baltics Count on Wind
German Chancellor Olaf Scholz insisted Tuesday that his country was well-prepared to tackle a possible energy shortage due to Russia’s squeeze on European gas supplies, as fears grow about the rising prices that will hit consumers across the continent this winter. Speaking at the start of a two-day government retreat, …
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