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Tag: oil
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...
Policies are critical for the invisible fuel
Though 2015 was a record year for renewables, there is another energy technology that is making steady – but quiet – progress in limiting greenhouse gas emissions: energy efficiency.
Managing how much energy...
Holding the line
The issue that currently dominates the outlook for the oil market is the outcome of OPEC’s ministerial meeting in Vienna on 30 November. It has only been two months since OPEC last...
DONG Energy Confirms Sale of Oil and Gas Arm to Focus on Renewables
Danish energy giant DONG Energy has confirmed plans to sell its oil and gas business as part of the company's "strategic transformation" into a global leader in renewable energy.
"We have decided to...
OGCI Announces $1 Billion Investment to Accelerate Development and Deployment of Innovative Low Emissions Technologies
The Oil and Gas Climate Initiative (OGCI) announced an investment of $1 billion over the next ten years, to develop and accelerate the commercial deployment of innovative low emissions technologies.
OGCI Climate Investments...
1st Meeting of the High-level Committee of the Algiers Accord – OPEC and Non-OPEC Oil Producing Countries
The OPEC High-level Committee, established by the Algiers Accord, met with non-OPEC oil producing countries on Saturday, 29 October, at OPEC headquarters in Vienna. It was preceded by the first High-Level Committee...
Dong Energy Considers Sale of Oil and Gas Assets to Focus on Windfarms
The biggest windfarm operator in the UK is considering selling its oil and gas business, four decades after it was set up to manage Denmark’s North Sea oilfields.
Dong Energy, which is majority...
More Northeast Natural Gas Pipeline Capacity Brings Questions
Led by the surge in Appalachia’s Marcellus and Utica plays, U.S. natural gas production has increased over 50% since 2005 and related infrastructure to move the gas has become short. This is...
OPEC Secretary General to attend annual meetings of the IMF and the World Bank Group
OPEC Secretary General, HE Mohammad Sanusi Barkindo, along with a delegation from the OPEC Secretariat, will be attending the Annual Meetings of the Boards of Governors of the International Monetary Fund (IMF)...
Serbian Energy Minister Antić opens 8th Oil Forum
Minister of Mining and Energy of Serbia, Mr. Aleksandar Antić, opened the 8th Oil Forum, which took place on 28-29 September in Belgrade. Welcoming the Forum on behalf of the Government of...
Annual Implementation Report 2016: Contracting Parties Put into Action Energy Union Objectives
The Secretariat’s Annual Implementation Report published today outlines the progress achieved by the Energy Community Contracting Parties in implementing the acquis communautaire under the Energy Community Treaty. The current state of implementation...