The IAEA (International Atomic Energy Agency) mission will carry out a comprehensive assessment of Uzbekistan’s nuclear infrastructure in 2021, Trend reports referring to the press service of IAEA. According to the IAEA’s representatives in Uzbekistan, the cooperation between Uzbekistan and the IAEA was raised to a new level in 2020. …
Read More »Russian LNG Production Sees Modest Jump in 2020
Russia’s liquefied natural gas production rose by 3.5 percent last year to a total 30.5 million tons, according to data from Rosstat, the country’s official statistics agency. In December alone, Russian producers turned out 2.85 million tons, which was up 1.4 percent on the year and 5.8 percent on November, …
Read More »OPEC Oil Output Rises for 7th Month in January
Oil output of the Organization of the Petroleum Exporting Countries (OPEC) rose for the seventh straight month in January, with Nigeria recording the biggest output decline, according to a Reuters survey. The output increased by 160,000 barrels per day (pbd) to reach 25.75 million in January compared with the previous …
Read More »Iraq’ Oil Exports to the United States Climbed up in the Third Week of January
The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States increased to 115 thousand bpd. EIA stated in a report, “The United States oil exports recorded 4.616 bpd in the third week of January.” The top three source countries of U.S. import oil …
Read More »U.S. Set to Tighten Methane Rules as International Pressure Grows
The oil industry is now supporting U.S. federal methane regulations, after having opposed them in the past. Methane is a powerful greenhouse gas, and emissions have climbed over the past two decades as oil and gas production continued to rise. Now, global efforts to rein in methane pollution are receiving …
Read More »Brazil’s Petrobras Makes New Subsalt Discovery in Campos Basin Block
Brazil’s state-led oil company Petrobras discovered hydrocarbons in the C-M-411 block located in the offshore Campos Basin, the company said Jan. 29. “The data from the well will be analyzed to better guide exploratory activities in the area and the potential of the discovery,” Petrobras said. The discovery was made …
Read More »Chevron Posts Loss as COVID-related Restrictions Continue to Hammer Demand
U.S. oil major Chevron Corp. on Jan. 29 swung to an $11 million fourth-quarter loss and missed Wall Street expectations as low margins on fuel, acquisition costs and foreign currency effects overwhelmed improved drilling results. Oil companies are expected to benefit from a bounce-back in oil and gas prices after …
Read More »EIA Estimates that Global Petroleum Liquids Consumption Dropped 9% in 2020
Responses to the coronavirus disease (COVID-19) caused global demand for petroleum products to fall significantly in 2020. The U.S. Energy Information Administration (EIA) estimates that the world consumed 92.2 million barrels per day (b/d) of petroleum and other liquid fuels in 2020, a 9% decline from the previous year and …
Read More »New Concept for Rocket Thruster Exploits the Mechanism behind Solar Flares
A new fusion rocket thruster concept which could power humans to Mars and beyond has been proposed by a physicist at the US Department of Energy’s plasma physics laboratory at Princeton University. According to the Princeton Plasma Physics Laboratory (PPPL) the rocket would use magnetic fields to shoot plasma particles …
Read More »India Takes Steps to Become Full Member of IEA
Preparatory to becoming a full member of the International Energy Agency (IEA), India has signed a “Framework for Strategic Partnership” with the IEA. India is currently an “Association Country” of the IEA, but it is seeking full membership of the Agency. The framework will “strengthen mutual trust and cooperation and …
Read More »