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The new German government unveiled plans last week to massively increase the ambition of its national hydrogen strategy. There is just one caveat: fossil gas-based hydrogen likely won’t be included in subsidy schemes, despite demands from the oil and gas industry. Clean hydrogen is seen as a potential silver bullet …

Saudi Arabia’s energy minister said he was unconcerned about oil’s more-than-10% rise this year, even as traders increasingly raise the prospect of prices reaching $100 a barrel. “I’ve always been comfortable,” Abdulaziz bin Salman said to reporters in Dubai on Monday, where he’s attending at Expo event. Brent crude’s climbed …

China’s refinery output hit a record in 2021, up 4.3% from 2020, on robust first-half fuel demand and as refiners ramped up processing to fill a supply gap after a hefty new tax closed loopholes in blending fuel imports. Total refinery throughput last year reached 703.55 million tonnes, or 14.07 …

Japan intends to explore 1.4 Tcf of estimated recoverable natural gas reserves offshore Shimane and Yamaguchi prefectures in the west that could produce 46.7 Bcf/year of gas after starting output in 2032, an official at the Ministry of Economy, Trade and Industry told S&P Global Platts Jan. 17. The move …

Iraq ranks fifth among the countries with the largest crude reserves in the world in 2021, a CNBC survey said. According to CNBC, Venezuela ranked first with a reserve of 303.8 billion barrels, followed by the regional rivals Saudi Arabia and Iran with 258.6 and 208.6 billion barrels, respectively. Iraq, …

South Korea will strengthen cooperation with the United Arab Emirates in major technologies related to the hydrogen economy, President Moon Jae-in said Sunday. The president, who is in Dubai for a three-day visit as part of his trip to the Middle East, made the remark at a business forum attended …

Europe’s largest economy, Germany, is expected to become a net importer of electricity in 2023 for the first time since 2002 due to retiring coal plants and the nuclear phase-out, the International Energy Agency (IEA) said on Friday. Germany plans to switch off all its remaining nuclear power generators by …

Siemens has honoured 15 particularly resourceful researchers from Germany, the US, Israel, India, the UK and Poland as 2021 Inventors of the Year. The awardees’ inventions span Siemens’ entire spectrum, and they all pursue advances based on the company’s understanding of innovation: technology that serves people and improves their everyday …

Iran’s Oil Minister considering the price range of $ 80 to $ 90 to be the ideal price for oil, stressed that members of both OPEC and OPEC Plus have a consensus on this figure, which is a good price for both exporting and consuming countries. “Regarding the recent agreement …

Iranian Oil Minister Javad Owji said negotiations have been made with Russia on a project, promising that good news will come out about cooperation between Tehran and Moscow in the energy sector. Speaking to reporters on Saturday, Owji said the Iranian Oil Ministry has been elected as the chair of …