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Tag: oil
Oil and Gas Industry Needs to Step Up Climate Efforts Now
Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transitions. Fossil fuels drive the companies’ near-term returns, but failure to address growing calls to...
World’s Consumption of Materials Hits Record 100bn Tonnes a Year
The amount of material consumed by humanity has passed 100bn tonnes every year, a report has revealed, but the proportion being recycled is falling.The climate and wildlife emergencies are driven by the...
Harmony Fuels Provides First Ever Carbon Neutral Heating Oil and Propane Products for Residential Customers from Maryland to Maine
New Division of Shipley Energy to Provide Unique Heating Options for Eco-Conscious Residents of the Northeast and Beyond
YORK, Penn.--(BUSINESS WIRE)--#carbonneutral--Shipley Energy today announced a new division, Harmony Fuels, that will provide the...
World Energy Outlook 2019 Highlights Deep Disparities in the Global Energy System
Deep disparities define today’s energy world. The dissonance between well-supplied oil markets and growing geopolitical tensions and uncertainties. The gap between the ever-higher amounts of greenhouse gas emissions being produced and the...
Offshore Windfarms ‘Can Provide More Electricity Than the World Needs’
Erecting wind turbines on the world’s best offshore sites could provide more than enough clean energy to meet global electricity demand, according to a report.A detailed study of the world’s coastlines has...
Renewable Energy to Expand by 50% in Next Five Years – Report
Global supplies of renewable electricity are growing faster than expected and could expand by 50% in the next five years, powered by a resurgence in solar energy.The International Energy Agency (IEA) found...
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),...