When the final torch bearer lights the Olympic cauldron in the Japan National Stadium on July 23, it will mark not only the start of the Games, but a new chapter in the country’s drive towards a sustainable future. For the first time in the history of the Games, hydrogen …
Read More »U.S. and Germany Reach a Deal on Putin’s Pipeline Project
As the Russia-backed Nord Stream 2 natural-gas pipeline nears completion, likely by next month, the U.S. and Germany have struck a deal that would resolve their years-long dispute over the project, according to the Wall Street Journal. A draft proposal under consideration by Washington and Berlin, which was obtained by …
Read More »OPEC Agreement: Nigeria to Raise Oil Production
Nigeria is to ramp up crude oil production following the agreement reached by members and allies of the Organisation of Petroleum Exporting Countries to increase output. Nigeria is a long time member of OPEC, collaborating with the organisation for more than 50 years running. OPEC and its allies had agreed …
Read More »99% Increase in Gas Extraction from South Pars Field
The gas extraction from the South Pars gas field reached 183 billion cubic meters in the last Iranian year (ended March 20, 2021), showing a 99 percent growth compared to around 92 billion cubic meters in 2013. The South Pars/North Dome field is the largest gas reservoir in the world, …
Read More »Chevron Faces Carbon Capture Setback
The world’s biggest project to capture and store carbon dioxide isn’t working like it should, highlighting the challenges oil companies face in tackling their greenhouse gas emissions. Chevron Corp.’s system at the $54 billion Gorgon liquefied natural gas export plant in Australia missed a local government target to inject captured …
Read More »Europe’s Push for Drastic Shift towards Electric Vehicles may Find Objections
The European Commission has voted last week to ban the sale of vehicles that run on gasoline or diesel by the year 2035 to change the energy matrix in transport. The EC proposals need to be approved by the European Parliament before becoming law – and reports suggest they could …
Read More »EU Gas Demand to Remain Unchanged even in Net-Zero Future
European energy system will need similar amounts of natural gas in a feasible net-zero future as it does today, shows the study commissioned by the Hydrogen4EU consortium. Hydrogen4EU is a research partnership aiming to inform on the contribution of low-carbon and renewable hydrogen in reaching the European energy transition goals. …
Read More »Pandemic Recovery to Push Emissions to All-Time High
The global rebound from the COVID-19 pandemic is set to drive emissions of greenhouse gases that stoke climate change to all-time highs, the Paris-based International Energy Agency said in a report on Tuesday.
Read More »Minister: OPEC+ mustn’t Ignore Iran’s Oil Return to Market
Iranian Minister of Petroleum Bijan Zanganeh on Sunday said that OPEC+ cannot turn a blind eye to the return of Iranian oil production to global markets after the imposed sanctions are removed. The Iranian Minister stated that the 18th session was procrastinated due to the UAE opposition 20 days ago. …
Read More »OPEC+ Oil Deal Sends Prices Lower, This could be a Buying Opportunity
Oil prices fell more than 2% on Monday afternoon during Asia hours after OPEC and its allies agreed to end oil production cuts. Brent crude futures fell 2.13% to $72.02 per barrel, while U.S. crude futures fell 2.09% to $70.31 per barrel. But having a deal is “better than no …
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