Japan has no plans to withdraw from a joint Russian oil and gas project, despite joining tough sanctions on Moscow over its Ukraine invasion, Prime Minister Fumio Kishida said Thursday. Energy resource-poor Japan is attempting to balance its need for fossil fuels with toeing a hard line on Russia, and …
Read More »US Eyes NordStream Pipeline as Russian Pressure Point over Ukraine
In the showdown over Russia’s implicit threat to invade Ukraine, the United States and European allies are eyeing what they see is a major vulnerability for Moscow — the just-completed Nord Stream 2 pipeline to carry natural gas to Europe. US officials made clear Tuesday after President Joe Biden’s two-hour …
Read More »Moscow Vies for Arctic Clout with Nuclear Icebreaker Fleet
As Arctic ice cover recedes with climate change, Russia is pinning its hopes for supremacy in the warming region on a fleet of giant nuclear-powered icebreakers. Moscow sees the development of the Arctic as a historic mission and already has huge projects to exploit its natural resources. Its next big …
Read More »China’s Greenhouse Gas Emissions Exceed Emissions from all Developed Countries
China’s greenhouse gas emissions in 2019 exceeded those of the U.S. and other developed nations combined, with the nation of over 1.4 billion people being responsible for more than 27 percent of total global emissions. The findings are in a report published on Thursday by the research and consulting firm, …
Read More »OPEC and the Pandemic has Broken the U.S. Shale Market
OPEC’s oil ministers have a few challenges to consider at a crucial summit next week, but for the first time in years, the U.S. shale boom won’t be at the top of the list. The global coronavirus pandemic continues to play havoc with the world’s economic sector, and oil prices …
Read More »OPEC Turns 60 at ‘Critical Moment’ for Virus-Hit Oil
OPEC faces a critical moment in its 60-year history with the coronavirus crushing crude demand and prices, discord among its members, and threats from a world seeking cleaner fuels. Founded on September 14, 1960, by Iraq, Iran, Kuwait, Saudi Arabia and Venezuela who sought to control crude oil output, OPEC …
Read More »Berlin Expects US Sanctions to Slightly Delay Russian Pipeline
The Nord Stream 2 pipeline was initially slated for completion in early 2020 with a view to being operational in mid-2020.
Read More »US Oil Embargo will See Venezuela Turn to China. Russia
Venezuela had its eyes on India to try to make up its shortfall.
Read More »BP Bows to be Consistent with the Paris Climate Agreement
The additional reporting specified in the resolution will build on BP’s history of progressive action in this area.
Read More »Saudi Arabia to Develop a Tech-Led Energy Hub
The Spark project forms part of Vision 2030. which is an initiative promoted by the Saudi Arabian government.
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