Providing access to clean drinking water has been a challenge in some parts of the world for years. As the population grows and resources shrink, it becomes an even more pressing matter. New solar technology provides a possible solution by desalinating saltwater with minimal energy consumption. While water covers two-thirds …
Read More »Saudi Energy Ministry to Assist Development of Mega Economic Zone Neom
Saudi Arabia’s energy ministry is to offer assistance so that Neom, a $500 billion high-tech development that includes tourism and sport facilities on the Red Sea, can be completed on schedule, minister Abdul Aziz bin Salman said on Sunday. The 26,500 square km (10,230 square mile) development, first revealed in …
Read More »Zarif: IAEA Chief Visit in Line with Transparency, Cooperation with Agency
Iranian Foreign Minister Mohammad Javad Zarif said working with the International Atomic Energy Agency is in line with transparency and cooperation with IAEA, adding that IAEA chief’s upcoming visit to Iran has nothing to do with trigger mechanism. Speaking on the sidelines of the inauguration ceremony of the consular services …
Read More »Iran to Inaugurate Three giant Oil, Gas Projects
Three giant oil , gas and petrochemical projects will be inaugurated on Monday in the presence of Iranian President Hassan Rouhani through video conference. After the United States failed to activate trigger mechanism with the opposition of 13 members of the UN Security Council, now, a few days later, Iran …
Read More »Iraq Eager for Joint Investment with Iran in Technical-Engineering Fields
Iranian economic attaché in Basra said that Iraq is eager for joint investment with Iran in the technical and engineering fields, IRNA reported. Abdul-Amir Rabihavi also mentioned agriculture as the other sector in which Iraq is willing to make joint investment with Iran. He further called for changing Iran’s export …
Read More »Saudi Aramco Continues to Explore India Investment Plan
World’s largest oil company Aramco remains committed on its investment plan in India, including a $15 billion deal with Reliance Industries, even though Covid-19 pandemic has made life difficult for oil companies with suppressed demand and falling oil prices and wide scale erosion in valuations. Replying to a query from …
Read More »Too much Supply, Too Little Demand, OPEC+ Wants Production Cuts
Fearing slow oil demand recovery, the Organization of Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, during a meeting on August 19, pushed major oil producing countries pumping above output targets to cut more in August-September. During the 21st Meeting of the Joint Ministerial Monitoring Committee …
Read More »Renewables Account for 57% of New U.S. Generating Capacity in First Half of 2020
Data just released by the Federal Energy Regulatory Commission (FERC) states that renewable energy sources (solar, wind, biomass, geothermal, hydropower) dominated new U.S. electrical generating capacity additions in the first half of 2020, according to an analysis by the SUN DAY Campaign. Combined, they accounted for 57.14% or 7,859 MW …
Read More »Russia Becomes World’s Second-Largest Oil Producer
The United States retained its leadership in oil output worldwide, the Joint Oil Data Initiative (JODI) said in a new update. Russia won the second place whilst Saudi Arabia came third. As for both oil output and processing, in June, Russia saw a slight change month-on-month. The U.S. oil production …
Read More »Rising Temperatures most Likely to Hit Russian Energy Projects Furthest North
An S&P Global Trucost analysis has shown that projects furthest North in Russia, including Yamal LNG, the Bovanenkovo gas field, and the Prirazlomnoye oil field are likely to have the biggest increase in heatwave days up to 2050. “I think the key takeaway here is that the number of heatwave …
Read More »