Progress on the world’s rising climate action ambitions could be undermined by a shortage of some of the critical minerals used in clean-energy technologies including wind turbines, solar farms and electric vehicles (EVs), unless governments act now to head-off a “looming mismatch” in supply and demand, according to a far-reaching …
Read More »Friendly Bacteria Treats Wastewater with Less Energy
Bacteria that eat nitrogen and organic matter are part of processes that can be developed for treating wastewater with less energy and emissions. More than half of the energy required for wastewater treatment is used to supply oxygen to the biological reactor. The bacteria need oxygen to function. However, treatment …
Read More »US, Germany Having No Single Assessment for Nord Stream 2
The Nord Stream 2 gas pipeline is among matters having no common assessment in the Trans-Atlantic aspect, German Chancellor Angela Merkel said at an online conference on Wednesday. “It is important to speak also in future about matters probably having no common assessment in the Trans-Atlantic partnership. The topic of …
Read More »Russian Energy Major Gazprom Significantly Boosts Natural Gas Exports
Gazprom’s gas exports to non-CIS (Commonwealth of Independent States) countries grew by 28.3% in the first four months of 2021 year-on-year, to 68.4 billion cubic meters, the company said. “To compare, the increase exceeds the volume of gas that we supplied to a large consumer such as Austria for the …
Read More »Iraq may Buy Exxon Stake in West Qurna 1
Press reports quote Iraq’s oil minister as saying that Iraq could buy ExxonMobil’s 32.7-percent stake in the West Qurna 1 oil field. Ihssan Abdul-Jabbar Ismail told a news conference on Monday that the government might purchase the stake via the state-owned Basra Oil Company (BOC). BOC previously took over the …
Read More »Google Advances Green Goal with AES Deal for Carbon-Free Power
Google’s moving forward with its goal of becoming carbon-free by the end of the decade after AES Corp. agreed to supply the tech giant with renewable energy to power its data centers in Virginia. AES, an international power plant developer, said the deal will result in the construction of 500 …
Read More »Italy’s ENI Joins European Hydrocarbon Companies Mulling Renewables Spinoff
Italian energy company ENI is considering spinning off its combined retail power and renewable energy activities through a public listing next year or selling a minority stake in them to capitalize on buoyant market conditions, it said 30 April in its quarterly earnings. The announcement comes less than a year …
Read More »Iraq to Invest $3bn in Basra Gas Company
Iraq’s Oil Minister, Ihssan Abdul-Jabbar Ismail, has said that Iraq will invest $3 billion in the Basra Gas Company (BGC) over the next five years, as it pushes ahead with plans to increase gas production. The money will fund projects intended to increase BGC’s gas production capacity from 1,000 to …
Read More »Larger Than Expected Decline in US Oil Stocks Pushes Oil Prices Up
Oil prices rose on Wednesday, extending gains from the previous session after industry data indicated US crude stocks fell much more than expected last week, reinforcing bullish views on fuel demand in the world’s largest economy. US West Texas Intermediate (WTI) crude futures rose 48 US cents, or 0.7%, to …
Read More »Iraq to Invest $3bn in Basra Gas Co. over Five Years
Iraq plans to invest $3 billion in the Basra Gas Company over the next five years, the Iraqi News Agency reported on Monday. “The aim is to increase gas production capacity by 40 percent as we seek to reach 1,400 million cubic meters of gas,” Oil Minister Ihsan Abdul Jabbar …
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