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Gazprom has been working consistently for many years to reduce its environmental impacts and increase energy efficiency. In 2020, Gazprom implemented the planned environmental protection measures and achieved its corporate environmental targets. In 2020, the company reduced the emissions by 16 million tons of CO2 equivalent (14 %) against the …

A slump in Europe’s travel industry could have a knock-on effect for oil and gas as lockdowns spread across Europe once again. European airline shares plunged this week as Germany, France and Italy all announced new lockdown measures to be introduced over and beyond the Easter period. Vacation travel is …

Renewed concerns over flaring up of COVID-19 cases in Europe have reversed fortunes in crude oil industry, sending oil prices on another round of descent. Both the WTI and Brent crude fell by over four per cent on Tuesday. New or extended lockdowns in Europe, including in Italy, France, and …

The production of hydrogen today is a “climate killer” according to Carlo Zorzoli of Enel Green Power. He said some “98% of it is produced from steam reforming and gasification, which equates to yearly carbon emissions comparable to that of Indonesia and the UK combined. Just 2% is produced from …

The initial focus should be on hydrogen production technologies “satisfactory for all the consumers in respect of the environmental aspect” and on hydrogen production cost, Deputy Energy Minister Pavel Sorokin said MOSCOW, March 24. /TASS/. There is a need to review all the effective projects in the domestic hydrogen energy …

Kazakhstan meticulously studied the lessons of the 2014/2015 oil slump and has so far survived the last 12 months’ market depression with legislative and executive poise. Though still heavily dependent on oil revenues, the Kazakh authorities have seen the tenge depreciate over the course of 2020, digesting most of the …

India is trying hard to woo foreign investors as the nation tries to rebuild from its worst economic contraction on record. Hit particularly hard by the COVID-19 pandemic, the Indian economy is projected to record a 7.7 percent decline in the financial year ending this month–the single largest drop in …

The Iraqi cabinet on Tuesday approved a deal to award U.S. company Schlumberger Ltd a $480 million deal to drill 96 oil wells in the south, according to a statement. Iraq, OPEC’s second-largest producer, relies on oil exports for nearly all its state revenue.

The U.S. is maintaining the pressure on Germany over a new gas link to Russia, with Secretary of State Antony Blinken insisting the Nord Stream 2 pipeline runs counter to the interests of the European Union. “It’s in contradiction to the EU’s own energy security goals,” Blinken told reporters in …

The government asked the International Atomic Energy Agency on Tuesday to conduct a safety review and announce its view to the world in the event Tokyo decides to dispose of treated radioactive water accumulating at the crippled Fukushima No. 1 nuclear plant. The government is considering releasing the water used …