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Tag: oil
CO2 Levels Heading Back to the Days of the Dinosaur
If humans burn all the fossil fuels at their disposal—and this could happen in the next two centuries—researchers predict that the planetary atmosphere would match the one that witnessed the days of...
Traders Bet their Oil Storage Assets that OPEC Cuts Will Work
The jury is still out on whether OPEC can rein in a global oil glut but top commodity traders are betting it can by selling stakes in storage tank businesses that profited...
‘First-Of-A-Kind’ $3bn Green Capital Note Issued by Crédit Agricole
New York investors Mariner Investment Group have this week purchased a "first-of-a-kind" Green Capital Note from French Bank Crédit Agricole CIB, taking on the portfolio risk of a range of the bank's...
Active Competition Policy Key to Mexico’s Successful Energy Reform
Mexico embarked on an ambitious and comprehensive energy sector reform in recent years to harness market forces and attract new investments, moving away from its monopoly-driven system, and leading to increasing market...
Iran to Sell Russia 100,000 Barrels of Oil per Day – State TV
Iran announced on Tuesday it will begin selling 100,000 barrels of oil per day to Russia within the next 15 days and receive payment half in cash and half in goods and...
Shell Fuel Stations in U.K., Netherlands to Add Electric-Car Charging
Both Royal Dutch Shell and France's Total plan to add charging stations, with Shell having already selected some potential locations.
Certain Shell fuel stations in the U.K. and The Netherlands will offer electric-car...
Renewables Dominated New U.S. Power Generation in 2016
According to the latest issue of the Federal Energy Regulatory Commission's (FERC) monthly Energy Infrastructure Update, renewable energy dominated new U.S. electrical generation put into service during 2016.
Combined, newly installed capacity from...
Making Freshwater from the Sun
To reduce the use of non-renewable groundwater and still meet growing water needs, the production of desalinated seawater in the MENA region is projected to be 13 times higher in 2040 compared...
The OPEC Monthly Oil Market Report
The OPEC Monthly Oil Market Report covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed...
Wyoming Lawmakers Launch Bill that Would Ban Selling Renewable Energy
In a move that puts the “R” in regressive, a group of Republican lawmakers in Wyoming just launched a bill that would effectively ban selling wind and solar power in the state....
Saudi Aramco CEO Says Oil Will Dominate over Renewables for Decades
Demand for oil and gas will continue to grow for the next few decades and any fall in capital investment for the industry will cause "spikes" in prices and affect the global...
Saudi to Launch $30-50 Billion Renewable Energy Program Soon: Minister
Saudi Arabia will launch in coming weeks a renewable energy program that is expected to involve investment of between $30 billion and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said...
The World Economic Forum Focus on Climate Change
The World Economic Forum is devoting 15 sessions of its 2017 annual meeting to climate change, and nine more to clean energy - the most ever on the issues.
It reflects how much...
“Man of the Year”, Choice Made by the Daily
OPEC Secretary General, HE Mohammad Sanusi Barkindo, has been named ‘Man of the Year’ for 2016 by The Daily, the leading African online newspaper.
The Daily explained: “This year,” the letter announcing the...
Barack Obama Bans Oil and Gas Drilling in Most of Arctic and Atlantic Oceans
Obama uses law that allows presidents to block sale of new offshore drilling and mining rights and makes it difficult for their successors to reverse decision.
Barack Obama has permanently banned new oil...
Oil and Gas Companies in North America Less Green Than Those in EU
Oil and gas companies in North America are lagging behind their European counterparts in cleaning up their operations, new research has found, with higher greenhouse gas emissions and less investment in clean...