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Tag: gas
Most Technologies and Sectors ‘Not Keeping Pace with Long-Term Energy Goals’
Most technologies and sectors are not keeping pace with the long-term goals of the clean energy transition.That’s according to the International Energy Agency (IEA), which suggests many types of energy asset are...
Cambridge University Agrees to Explore Fossil Fuel Divestment Plan
The former archbishop of Canterbury Rowan Williams has welcomed an “urgent change” by Cambridge University, after it agreed to provide fully costed plans setting out how it could divest multibillion-pound endowments from...
ExxonMobil Signs Deal to Explore 28,000 sq km in Offshore Namibia
ExxonMobil has signed a deal for new oil and gas exploration across 28,000 square kilometres in Namibia.The energy giant made the agreement with the Namibian Government and the National Petroleum Corporation of...
Planned $4.9tn Oil and Gas Investment ‘Not Compatible with Climate Goals’
A planned investment of $4.9 trillion (£3.8tn) in new oil and gas exploration and extraction over the next decade is incompatible with international climate obligations.That’s according to new analysis by Global Witness,...
UK Offshore Oil and Gas Production up by a Fifth over past Five Years
UK offshore oil and gas production has increased by a fifth over the past five years, following 14 years of decline.That’s according to a new report from Oil and Gas UK (OGUK),...
Could US Overtake Saudi Arabia as World’s Top Oil Exporter?
The US will start exporting more oil than Russia and could potentially overtake Saudi Arabia as the world’s top exporter in the next five years.The forecast from the International Energy Agency (IEA)...
U.S. Oil and Gas Industry Is Drilling Us Towards Climate Disaster
As the 116th Congress commences, in the wake of dire reports from climate scientists, the debate over U.S. climate policies has taken a welcome turn towards bold solutions. Spurred on by grassroots pressure from Indigenous communities, the...
U.S. Carbon Emissions Spiked 3.4% in 2018, Second-Largest Increase Since 1996
Carbon emissions in the U.S. experienced a sharp upswing in 2018, despite a record number of coal-fired power plant closings, according to new data. An analysis released by the research firm Rhodium Group Tuesday shows...
Britain Blown Away by New Wind Energy Record
The strong winds in the UK helped set a new renewable energy generation record last week.According to official figures from National Grid, onshore and offshore wind farms hit a new high of...
Oil, Gas Majors Spending 1.3% of Investment on Green Energy
New research suggests European firms are investing more on low carbon energy compared to their rivals in the US and Asia.
Top oil and gas companies invested only around 1.3% of their total capital expenditure...
Oil and Gas Giants Agree Target to Cut Methane Emissions
They aim to reduce emissions from upstream operations to below 0.25% by 2025.
Thirteen of the world’s biggest oil and gas companies have agreed a first collective target to reduce methane emissions.They have announced a goal...
UK Summer ‘Wind Drought’ Puts Green Revolution into Reverse
Britain’s long heatwave threw the country’s green energy revolution into reverse and pushed up carbon emissions this summer, leading experts to stress the need for a diverse energy mix.The summer of 2017...
Croatian Firm Lent €130m for Efficient Heat and Power Units
A Croatian energy company has been granted loans totalling €130 million (£116m) for new electricity and heat co-generation units.HEP will replace outdated oil and gas-fired turbines and boilers with modern, efficient and...
Ireland Becomes World’s First Country to Divest from Fossil Fuels
The Republic of Ireland will become the world’s first country to sell off its investments in fossil fuel companies, after a bill was passed with all-party support in the lower house of...
US and Russia ‘to Dominate Global Pipeline Expenditure to 2022’
The US and Russia will dominate global capital expenditure on planned oil and gas pipelines up until 2022.That’s according to data and analytics company GlobalData, which says the nations are set to...
New Zealand Bans New Offshore Oil and Gas exploration
New Zealand has announced a halt on any new oil and gas exploration in the country, in a surprise move hailed as "historic" development by environmental campaigners.
Although there are 31 oil and...