Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
A record volume of renewable energy is expected to come online in 2021, with 290 gigawatts of new capacity. That surpasses 2020’s record, when renewables accounted for all of the new electricity capacity installed worldwide. Renewables have grown quickly in recent years, but are now entering a faster phase of …
Read More »Russia’s Role in Europe’s Gas Crisis
Natural gas prices have spiked worldwide, with price surges most acutely felt in Europe. There are few short-term solutions to the problem, but recent gas flows from Russia have resulted in huge moves in the market, highlighting the enormous sway that Russia has over the gas market at the moment. …
Read More »Major Oil Companies Need to Wind down Oil Production or Face Stranded Asset Risk
New oil and gas projects are incompatible with a future in which the world stays on track with its climate targets. Needless to say, that has enormous implications for the oil and gas industry. A new report quantifies what that would mean for individual companies. While the impact varies, the …
Read More »U.S. Set to Tighten Methane Rules as International Pressure Grows
The oil industry is now supporting U.S. federal methane regulations, after having opposed them in the past. Methane is a powerful greenhouse gas, and emissions have climbed over the past two decades as oil and gas production continued to rise. Now, global efforts to rein in methane pollution are receiving …
Read More »Oil Crisis Too Large for SPR Fix
On March 13, President Trump proposed using the Department of Energy to buy oil for the Strategic Petroleum Reserve (SPR) in a bid to soak up some surplus oil from the market. Oil prices received a jolt on the news just before the close of trading on Friday. However, the …
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