The world’s biggest solar company is tapping the hydrogen sector to reduce its global carbon footprint further. China’s Longi Green Energy Technology Co. has set up a stand-alone unit for hydrogen-related equipment and aims to make this clean energy more affordable. “There is no doubt that renewable energy will help …
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Oil declined for a third day as the coronavirus spread in Asia, particularly China, continued to threaten demand. West Texas Intermediate futures slumped 1.9%, after retreating 4.6% in the previous two sessions. The delta strain of Covid-19 has been detected in almost half of China’s 32 provinces in just two …
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Saudi Arabia raised oil for prices for buyers in Asia and the U.S. for September in a sign the world’s largest crude exporter sees demand continuing to recover despite a surge in coronavirus cases in some of the world’s main energy importers. OPEC+, the oil-producers’ group led by the Saudis …
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Japan has been making headlines with its plans to significantly increase its reliance on hydrogen to satisfy its energy needs. Right now, it is demonstrating its transformation into a hydrogen economy by showcasing hydrogen buses and cars used in the Olympics. But there is a problem with that for those …
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Built to China Classification Society (CCS) rules, Shen Hai Yi Hao has been deployed by field operator China National Offshore Oil Corporation (CNOOC) – China’s largest producer of offshore crude oil and natural gas. CNOOC estimates the Lingshui 17-2’s reserves at about 136Bn cubic metres (bcm) of recoverable gas. CCS …
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On July 18, OPEC+, which includes most members of OPEC and several non-OPEC members (including Russia), agreed to increase monthly crude oil production starting in August 2021. On July 19, after the new OPEC+ agreement was made public, the price of Brent crude oil fell 7% from the previous day …
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Senate Foreign Relations Committee Head Bob Menendez and lawmakers from the UK, Ireland, Latvia, Lithuania, Poland, Ukraine, Czechia and Estonia have signed the statement criticizing the American-Germany agreement on the Nord Stream 2 gas pipeline as Voice of America reported. “We consider the Nord Stream 2 to be a geopolitical …
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Car manufacturing group and pioneer in the European EV market, Renault Group, and Australian-German geothermal lithium developer Vulcan Energy Resources, announce having signed a lithium offtake term sheet. This agreement is for an initial five-year term which can be extended if mutually agreed, with a start of commercial delivery set …
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Oil company BP swung to profit in the second quarter amid higher oil prices and a broader recovery in the global economy this year after posting a loss in the same period a year earlier. The company earned $3.1 billion in the three months to the end of June, compared …
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Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Barkindo is to attend inauguration ceremony of Iranian President-elect Ebrahim Raisi, Iran ambassador to Nigeria said. Mohammad Alibak in a Twitter message referred to his constructive and friendly meeting with Mohammed Barkindo. He noted that Barkindo has appreciated …
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