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Tag: oil
Where will COP29 be held, and what dilemmas does it bring?
The United Nations Climate Change Conference in 2024 will be held in Azerbaijan. From November 11 to 22, global climate discussions will take place at the stadium in Baku, focusing on climate...
Why Recycling Is Not Enough to Fight Plastic
How often do we come across the topic of recycling daily? We read about it in the media, see symbols on packaging, and pass by recycling bins on the streets. For some...
Deep Underground Water Reservoir Discovered on Mars
Scientists from the University of California, Berkeley, have made a significant discovery using data from NASA's InSight research device. They found a massive reservoir of liquid water deep beneath the surface of...
How the Plane Turned Orange Due to Climate Change
That morning, before dawn, Jennifer Kowalski and Cole Macdonald found themselves at a celebrity private jet airport. While the security was dozing off, and no one thought to “take a look” at...
Financing the Energy Sector – The Debt-Equity Relationship
The answer to who holds the largest share of investments is corporations. However, households and governments also play a crucial role in this regard. Specifically, households have significantly increased their participation since...
Investment in Clean Energy This Year is Set to be Twice the Amount Going to Fossil Fuels
Despite pressures on financing, global investment in clean energy is set to reach almost double the amount going to fossil fuels in 2024, helped by improving supply chains and lower costs for...
Oil Spills Pose a Bigger Threat to Freshwater Ecosystems
Oil spills are a major environmental problem that occurs every year worldwide, affecting oceans, seas, rivers, and lakes. Although the world is familiar with the issues and changes in salt water, the...
Oil Demand Growing at a Slower Pace as Post-Covid Rebound Runs its Course
Global oil demand growoilth is currently in the midst of a slowdown and is expected to ease to 1.2 million barrels a day (mb/d) this year and 1.1 mb/d in 2025 –...
SLOVENIA – FORMATION OF CONSORTIUM FOR THE DEVELOPMENT OF HYDROGEN ECOSYSTEM FROM LOW-CARBON SOURCES
Eighteen Slovenian companies, organizations and municipalities have signed a consortium agreement stipulating the formation of a consortium that will deal with the development of a hydrogen ecosystem from low-carbon sources.
Various criteria show...
CAN METHANE EMISSIONS MATCH CLIMATE GOALS BY 2030
Last year was marked by record-high methane emissions from the energy sector. However, the end of the year brought the United Nations Conference on Climate Change 2023 (COP28) and the pledges that...
HOW CAN SATELLITES AND ARTIFICIAL INTELLIGENCE REDUCE METHANE EMISSIONS?
Although it seems that in the fight against the climate crisis, the strongest focus is on reducing carbon dioxide emissions, last year's UN Conference on Climate Change showed that there is a...
China’s petrochemical surge is driving global oil demand growth
The global petrochemical industry – essential to the production of clothing, tyres, detergents, fertilisers, and countless other everyday products – is currently going through a momentous period of transition. Driving this change...
Drop in EU imports of energy products in Q3 2023
In the third quarter of 2023, the EU imported 35.4 billion euros worth of energy products amounting to a total of 65 million tonnes. Compared with the same quarter of 2022, imports...
The oil and gas industry faces a moment of truth and an opportunity to adapt
Oil and gas producers face pivotal choices about their role in the global energy system amid a worsening climate crisis fuelled in large part by their core products, according to a major...
Governments plan to produce double the fossil fuels in 2030 than the 1.5°C warming limit allows
A major new report published today finds that governments plan to produce around 110 percent more fossil fuels in 2030 than would be consistent with limiting warming to 1.5°C, and 69 percent more...
EU imports of energy products continued to drop in Q2 2023
Following a strong increase in energy imports in the EU between 2021 and 2022, the scenario is different in 2023, with imports dropping for the second quarter in a row when compared...
