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OPEC has said that an IEA report suggesting that investors should not fund new oil projects to curb emissions could lead to oil-price volatility if it is acted on. The International Energy Agency on Tuesday said investors should not fund new oil, gas and coal supply projects if the world …

On Wednesday, US State Department Principal Deputy Spokesperson Jalina Porter signalled the Biden administration’s readiness to use all available tools to try and prevent the completion of Russia’s Nord Stream 2 gas-exporting pipeline. A German lawmaker has urged Berlin to initiate countermeasures against the US over the Nord Stream 2 …

Global technology major Siemens Energy, in collaboration with Dubai Electricity and Water Authority (Dewa) and Expo 2020 Dubai, has announced the opening of the first industrial scale, solar-driven green hydrogen facility in the Middle East and North Africa region. Located at Dewa’s Outdoor Testing Facility of the Research and Development …

The European Parliament formally approved the European Union’s multi-billion euro fund on Tuesday (18 May) to support countries as they wind down fossil fuel industries as part of Europe’s push towards fighting climate change. The €17.5 billion Just Transition Fund (JTF) combines cash from the EU’s budget and its COVID-19 …

BP Plc has started a recruitment campaign for the people who will drive its expanding clean energy ambitions. The London-based oil and gas company is looking to fill 100 offshore-wind jobs in the U.K. and the U.S., a figure which could double by the end of the year. The recruitment …

Brent crude briefly hit $70 per barrel and West Texas Intermediate rose above $66 this week as improving economic outlooks for some of the world’s biggest economies boosted optimism. Although a round of profit-taking by hedge funds limited the upward potential of the benchmarks, it was a temporary occurrence, and …

Of all the objectives in the European Green Deal, presented in December 2019, the “Zero Pollution Action Plan” immediately jumped out as the one policymakers were likely to struggle with the most. “Creating a toxic-free environment” with zero air, water and soil pollution is something hardly anyone can disagree with. …

Oil giants Eni and BP have entered into a non-binding memorandum of understanding (MoU) to progress detailed discussions on combining their upstream portfolios in Angola, including all their oil, gas, and LNG interests in the country. The companies believe that combining their efforts in a new joint venture company would …

Managing director of the National Iranian Oil Company (NIOC) has announced the beginning of oil transfer operation through Goreh-Jask pipeline which is laid from Goreh oil terminal in the southwestern Bushehr Province to Jask oil terminal along the Gulf of Oman. Masoud Karbasian made the announcement on the sidelines of …

Chinese President Xi Jinping and Russian President Vladimir Putin will take part in a video conference on Wednesday to launch the construction of new Russian-designed reactors at the Tianwan Nuclear Power Plant (NPP) and the Xudapu NPP in China. The two leaders are expected to formally launch first concreting of …