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Japan expects non-fossil fuel power supply sources to account for roughly 60 per cent of the country’s energy mix in fiscal 2030-31 (April-March) under a draft Strategic Energy Plan released on Wednesday – more than double the 24 per cent share in 2019-20. The country aims to match its 46 …

China has been raising its marine fuel sales in recent years, aiming to grow its share of Asia’s large bunkering market, which is valued at more than US$30 billion and is dominated by Singapore, Bloomberg reports. Singapore, the leader of the bunkering market, sold nearly 50 million tons of marine …

Saudi Arabia and the other members of OPEC+ may have more room to raise production in the coming years than the market believes if Baker Hughes’ latest earnings are anything to go by. The oilfield services provider said on Wednesday its adjusted profit fell 9 percent in the second quarter …

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 …

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 …

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 …

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, …

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 …

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 …

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. …