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Tag: oil
Oil Market Report: Economic Woes Hold Sway Over Geopolitics
While geopolitical tensions in the Middle East Gulf remain high, with US sanctions recently extended to more Iranian officials and a Chinese oil importer, as well as another tanker seizure, oil prices...
Australian Solar Could Power Singapore Within a Decade
When the 720 km power cable from Norway to the UK made landfall two years ago it was hailed as the longest in the world. Now a Singaporean renewable energy company has...
ABB Delivering Digital Solutions for China to Harness Maximum Heat from the Sun
ABB is supporting the Chinese government in its efforts to produce emissions-free electricity, delivering automation control solutions at the country’s first two concentrated solar power (CSP) plants.Building on the successful delivery of...
Renewable Power ‘Already Cheapest Kind of Electricity in Many Countries’
Renewable power is already the cheapest source of electricity in many parts of the world.That’s the verdict from a new report published by the International Renewable Energy Agency (IRENA), which suggests the...
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,...
Coal Prices Continue to Rise, Becoming More Costly Than Solar and Wind Alternatives
Around three-quarters of US coal production is now more expensive than solar and wind energy in providing electricity to American households, according to a new study.“Even without major policy shift we will...
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)...
Decarbonisation ‘Could Leave Fossil-Fuel Economies Stranded’
Global decarbonisation could turn fossil fuel-reliant economies into ‘stranded nations’ unable to unlock the value of carbon-based assets and infrastructure.
These are the findings of a new World Economic Forum study, which shows...
Shift Towards Clean Energy in Southeastern Europe: Challenges and Opportunities
Various means such as petroleum products, biomass, sun, wind, water, nuclear fission, lead us to the production of electricity as the ultimate goal. Each of the methods of obtaining energy has its...
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...
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...
Planting More Trees Won’t Be Enough to Save the Planet
One way of mitigating the adverse effects of man-made climate change is to plant trees. The more trees there are, the more CO2 they absorb from the atmosphere, thereby alleviating the greenhouse...
