The greening of the American oil industry has gone into overdrive. Dan Yergin, IHS Markit vice chairman, said it’s an important turning point for the oil and gas sector, which has been anticipating big changes with President Joe Biden’s climate-focused, clean energy policies. “The oil and gas industry is calibrating …
Read More »Fossil Fuel Emissions in Danger of Surpassing Pre-Covid Levels
The world has only a few months to prevent the energy industry’s carbon emissions from surpassing pre-pandemic levels this year as economies begin to rebound from Covid-19 restrictions, according to the International Energy Agency. New figures from the global energy watchdog found that fossil fuel emissions climbed steadily over the …
Read More »Spain Boosts Wind Capacity by 1.7GW in 2020
Wind power produced 21.9% of the country’s electricity consumed last year.
Read More »UK Low Carbon Electricity Hit Record Highs in 2020
That’s according to official BEIS figures, which suggest wind, solar and bioenergy recorded increases ranging between 5% and 20%.
Read More »Oil Prices Rise due to US Oil Wells Freezing
Oil prices jumped on Tuesday due to weather affecting wells and refineries in Texas, the world’s biggest oil producer. Concerns of supply in the world’s biggest oil exporter also edged prices higher due to tensions in the Middle East. Brent crude was up 35 cents, or 0.6%, at $63.65 a …
Read More »Global Hedge Funds Predict Jump in Oil Prices
Their forecast has been based on what they see as the inability of many companies to increase production due to the ongoing economic impacts of the coronavirus disease (COVID-19) pandemic, which would mean a balance in supply and demand, according to Al Arabiya. The funds’ outlook on future trends of …
Read More »More than a Million EVs and Hybrids Sold in Europe in 2020
Nearly one-in-six passenger cars registered in Europe was electrically-charged.
Read More »US Wind Output Hits New Heights in December
EIA estimates that wind accounted for 9% of US electricity generation in 2020.
Read More »Concrete Plans to Recycle Danish Turbines
Scheme will recycle turbine blades for use in cement industry. Danes want to be seen as world’s best in reusing wind tech.
Read More »Global Oil Consumption Crashed By 9% In 2020
Due to the coronavirus restrictions and lockdowns, global consumption of petroleum and other liquid fuels crashed by 9 percent to 92.2 million barrels per day (bpd) in 2020, the U.S. Energy Information Administration (EIA) said on Friday, nothing this was the largest drop in EIA’s series dating back to 1980. …
Read More »