Pakistan’s Foreign Minister Shah Mahmood Qureshi reiterated on Thursday his country’s commitment to cooperation with Turkmenistan, including on the construction of a major regional pipeline and enhancing security in Afghanistan. “Pleased to call on President [of Turkmenistan] #GurbangulyBerdimukhammedov today in Ashgabat. I reiterated Pakistan’s commitment to enhance our economic connect …
Read More »Germany Eyes Hamburg-Copenhagen-Oslo Hydrogen Corridor
Hamburg’s Senator for Economic Affairs sees great potential for the creation of a hydrogen corridor from Hamburg via Copenhagen to Oslo. Branding the region as a green hub and jointly promoting green initiatives and investments would unlock numerous opportunities, according to Senator Michael Westhagemann. “We want to intensify the exchange. …
Read More »Fukushima Nuclear Plant Water to be Released via Undersea Tunnel
The operator of the wrecked Japanese Fukushima nuclear power plant has said it plans to build an undersea tunnel so that massive amounts of treated but still radioactive water can be released into the ocean. The discharge would be about one kilometre away from the plant to avoid interference with …
Read More »Oil Price Jumps 3.5% after Touching Its Lowest
The international oil benchmark, Brent crude, against which Nigeria’s crude oil is priced sustained its recovery as price rose by 3.5 percent, or $2.44, to $71.11 per barrel on Tuesday, after days of weak sales. While the United States West Texas Intermediate (WTI) also rose by $2.08 or 3.17 percent …
Read More »U.S. to Restart Oil Leasing with Offshore Auction This Year
The Biden administration said on Tuesday it would take steps to restart the federal oil and gas leasing program in the next week and plans to hold a Gulf of Mexico auction as soon as October, court papers showed. The move comes two months after the U.S Interior Department first …
Read More »China Discovers Major Shale Oil Field
China’s Daqing Oilfield, a subsidiary of the China National Petroleum Corporation, announced Wednesday the discovery of a major shale oil field with predicted geological reserves of about 1.27 billion tonnes.
Read More »China Coal Approvals Seen Adding to Confusion on Climate Action
Approvals for major new coal power plants by China’s local authorities show the tension in the nation’s efforts to meet climate goals, even as the overall total of projects given the go-ahead falls, according to campaigners. Local authorities approved 24 plants with a combined capacity of 5.2 GW, a 79% …
Read More »Asia Needs $3 Trillion of Energy Investment
Asia remains a leading energy demand centre and will increasingly drive global energy trends. Energy demand in Southeast Asia has grown by 80% since 2000, at a rate far exceeding the global average. This rapid expansion has maintained pace during the pandemic and is poised to accelerate in 2021, according …
Read More »A Major Oil Exploration Is Going on in Russia’s East Arctic Waters
The Bavenit on the 22nd of August set out from Murmansk with course for remote east Arctic waters. The ship, one of Russia’s most advanced vessels of the kind, is due to drill the first ever wells in the Laptev Sea. According to Rosneft, there has never before been drilled …
Read More »Qatar Petroleum Lets EPC Contract for North Field Expansion Project
Qatar Petroleum has let an engineering, procurement, and construction (EPC) contract for its North Field expansion project to Técnicas Reunidas SA. Técnicas Reunidas will act as the EPC contractor for the expansion of existing liquid products (condensate, propane, and butane) storage and loading facilities and the expansion of import facilities …
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