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Oil and gas companies are working hard on their messaging in the climate change era. If it’s “code red for humanity” as the UN’s IPCC said last Monday in its latest dire climate report, it’s some sort of “code red” for the fossil fuels industry too, in terms of figuring …

Saudi Aramco is joining a group led by ACWA Power to build a nearly $1 billion solar power plant in the kingdom as the world’s largest oil-exporting nation expands renewable energy supply. Aramco will hold a 30% stake in the Sudair solar project, while ACWA and partner Water & Electricity …

Severe droughts are drying up rivers and reservoirs vital for the production of zero-emissions hydropower in several countries around the globe, in some cases leading governments to rely more heavily on fossil fuels. The emerging problems with hydropower production in places like the United States, China and Brazil represent what …

As North Sea oil exploration and production will continue for years to come, oil companies look at ways to reduce emissions following significant criticism from environmentalists. But will cutting emissions sway public opinion on Britain’s ongoing oil and gas activities? This month, the U.K. government announced $22.8 million for projects …

India aims to wind down energy imports in the next 25 years and invest 100 trillion rupees ($1.35 trillion) in infrastructure to boost economic growth, Prime Minister Narendra Modi said Sunday, laying out national priorities on the country’s 75th Independence Day. “For India to be self-reliant it is imperative that …

U.S. imports of crude oil from Iraq averaged 120,000 barrels per day (bpd) last week, the Energy Information Administration (EIA) said on Sunday, despite a slight decrease in its appetite during the same period. In its weekly report on U.S. oil imports, EIA Said that the U.S. imports averaged 5.423 …

The construction of Russia’s first bunkering barge named “Dmitry Mendeleyev” after the great Russian chemist has been completed, Gazprom neft has announced. The vessel is to embark on its maiden voyage to the Baltic shortly. The company intends to start deploying the barge to supply LNG to cargo and passenger …

OPEC+ is unlikely to respond with increased production to the U.S. calls amid the surging Delta variant, which is set to dampen short-term oil demand, Goldman Sachs says. Earlier this week, the White House called on the OPEC+ group to increase oil production more than they had planned in order …

Russian state-run energy giant Gazprom has increased gas supplies to Western Europe in the first six months of the year by 28.52% compared to the same period last year. The company’s gas exports to Europe amounted to some 77.235 billion cubic meters by June 2021, Gazprom said on Friday. Gas …

Javad Owji, who is President Raisi’s suggested candidate for the Oil Ministry, has released a comprehensive program for the development of the country’s oil and gas industry during his tenure, Shana reported. The published plan is comprised of five separate sections including an introduction, some documents related to the oil …