G20 per capita coal emissions continue to rise despite climate pledges and transition efforts by some members of the group of major economies, new research showed Tuesday. The group, whose leaders meet in New Delhi this weekend, accounts for 80 percent of global power sector emissions. But in talks in …
Read More »Africa Climate Summit to Urge Investment in Continent
African policymakers will kick off a landmark climate summit in Kenya on Monday aimed at reframing the continent as a budding renewable energy powerhouse and calling for international financial help to unlock its potential. Kenyan President William Ruto says he wants the first Africa Climate Summit to help “deliver African …
Read More »N. Korea Says Tested another Underwater Nuclear Attack Drone
North Korea claimed Saturday it had tested another underwater nuclear attack drone, in its latest response to South Korean and United States military drills, though analysts have questioned whether Pyongyang has such a weapon. In recent weeks, North Korea has tested what state media have described as an underwater nuclear-capable …
Read More »Russia Plans to Voluntarily Reduce Oil Production by 500,000 bpd in March
Russia plans to voluntarily reduce oil production by 500,000 barrels per day, or around 5 percent of output, in March, Deputy Prime Minister Alexander Novak said on Friday, following the introduction of Western price caps. The G7 economies, the European Union and Australia agreed to ban the use of Western-supplied …
Read More »Gazprom Halts Pipeline Gas Glow in New Jitters for Europe
Russian energy giant Gazprom on Wednesday cuts off its gas supplies to Germany via the Nord Stream 1 pipeline for maintenance work, further raising tensions on an already taut electricity market. The three-day works at a compressor station are “necessary”, Gazprom has said, adding that they had to be carried …
Read More »OPEC+ Walks Fine Line between US and Russia
The OPEC+ group of oil exporters are set to hammer out a new strategy at their meeting Wednesday, with all eyes on how they will react to soaring crude prices. The 13 core members of OPEC, led by Saudi Arabia, and the 10 further states in OPEC+ — chief among …
Read More »Europe Frets over Reduced Russia Gas Supplies
Russian gaz giant Gazprom begins 10 days of routine maintenance on its Nord Stream 1 pipeline on Monday — with Germany and other European countries watching anxiously to see if the gas comes back on. The annual work on the two pipelines was scheduled long in advance. The fear is …
Read More »OPEC+ Expected to Stay Course on Oil Output Boost
Major oil producers led by Saudi Arabia and Russia are expected to stick to a previously decided output boost at their meeting on Thursday, despite pressure to further increase production. Russia’s invasion of Ukraine has exacerbated concerns about oil supplies, sending prices to record highs this year. Hard on the …
Read More »Ukraine War Revives France-Spain MidCat Gas Pipeline Project
Since Russia invaded Ukraine, Madrid has revived calls to build a huge gas pipeline between Spain and France dubbed MidCat that would boost Europe’s energy independence from Russia. What is MidCat? Initially launched in 2003, the 190-kilometre (120-mile) Midi-Catalonia (MidCat) pipeline would pump gas across the Pyrenees from Hostalric just …
Read More »U.S. Ditches Trump-Era Policies for Arctic Alaska Oil Reserve
The Biden administration on Monday reversed a Trump administration plan that would have allowed the government to lease more than two-thirds of the country’s largest swath of public land in Alaska to oil and gas drilling. This rollback of the Trump-era plan will remove nearly 7 million acres from possible …
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