The coronavirus pandemic that has slammed oil demand and prices is forcing energy majors to tighten their belts on exploration, even if finding new deposits remains essential to their existence. While the sector is increasingly diversifying into greener energies such as wind power, its core business remains oil and gas. …
Read More »Saudi Arabia Sends World-First Shipment of Blue Ammonia to Japan
Saudi Aramco, which made the announcement Sunday, produced the fuel, which it does by converting hydrocarbons into hydrogen and then ammonia, and capturing the carbon dioxide byproduct. Japan will receive 40 tons of blue ammonia in the first shipment, Aramco said. Ammonia can be burned in thermal power stations without …
Read More »Japan to Send Third Relief Team to Mauritius in Wake of Oil Spill
Japan will dispatch a third relief team to Mauritius on Wednesday to help the island nation’s response to an oil leak from a Japanese freighter that ran aground in July. The six-member team will help conduct detailed investigations of mangroves, coral reefs, wildlife and seawater quality to assess the impact …
Read More »Saudi Arabia should Call a Truce in Oil Price War
Saudi Arabia’s carefully nurtured reputation for being a reliable oil producer and its aspiration to be seen as a responsible global leader will be in jeopardy if the kingdom continues to pursue its volume war. Pressing on with such a tactic in the midst of the worst global health emergency …
Read More »Collapse of OPEC Talks Blows Hole in Russian-Saudi Alliance
The oil market now faces double jeopardy.
Read More »Virus Slows China`s Major Belt and Road Projects in Asia
China itself has imposed quarantines and travel curbs across the country to contain the epidemic.
Read More »The Mideast has Oil. China has Rare Earths
China accounts for 85 percent of the world’s production of rare earths.
Read More »U.N. Nuclear Watchdog Chief Yukiya Amano Dies at 72
Amano has frequently emphasized that his agency’s work is technical rather than political.
Read More »U.S. Criticizes China`s `Bullying Behavior` over Energy Claims in South China Sea
Vietnam and China have long been locked in a maritime disagreement over the resource-rich waters of the South China Sea.
Read More »Mitsui Invest in LNG Project in Arctic Ocean off Russia
LNG production from the project is slated to start around 2023 with an annual capacity of 19.8 million tons.
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