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Carbon Neutral
EU Agrees Diplomatic Push for Fossil Fuel Phase Out Ahead of COP28
The bloc has made achieving a global phase out of coal, oil and gas “well ahead of 2050” a priority of its climate diplomacy
Gas power plant
Germany Plans to Build 25 GW of New Gas-Fired Capacity by 2030
The German government intends to put up for auction gas power plants in 2023 as part of a strategy to add between 17 GW and 25 GW of gas-fired power capacity as…
LNG
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. Global LNG s…
Oil & Gas Supply
Global Liquid Fuel Production to Outpace Demand
The U.S. Energy Information Administration expects global liquid fuel production to outpace demand in 2023 and 2024.The U.S. Energy Information Administration (…
Natural Gas
Premium Grows for US Gas Certified as 'Low-Emission'
Global buyers are increasingly willing to pay more for US natural gas that has been certified as low-emission, top industry officials agree, although the market…
Solar Power Plant
Masdar Signs Agreement With Ivory Coast to Explore Development of Solar Power Plant
Masdar and Ivory Coast officials at the signing ceremony. Photo: MasdarThe deal is a part of the UAE’s Etihad 7" programme, which seeks to finance renewab…
Oil Price
Aramco’s Profit Soars 46% To Record $161BN on Higher Oil Prices
Aramco oil tanks in Abqaiq, Saudi Arabia. The state energy company will raise crude production to 13 million barrels per day by 2027.Saudi Aramco, the world'…
Electric Car
Mythbusting: “Electric Cars Are No More Climate-Friendly Than Ordinary Cars!”
An electric car that uses electricity from clean, renewable sources produces no greenhouse gas emissions. A petrol-powered vehicle emits on average two tonnes o…
Oil Price
Biden Sets Sights on Scrapping Oil and Gas Subsidies
The Biden administration is planning to eliminate subsidies for the oil and gas industry in its next budget, Reuters has reported, citing a White House document…
Oil&Gas Drilling
Eco Atlantic Notes Africa Oil Corp. Compliant Report on Offshore South Africa Exploration Blocks
(WO) – Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company focused on the offshore Atlantic Margins, has noted Africa Oil Corp.’s pub…
Natural Gas
China, Vietnam Lead Markets With Most Gas Plant Build-Out: Report
The gas capacity across the globe grew by 22% YoY in 2022.China and Vietnam led the markets with the most gas-fired power plant build-out in 2022, Global Energy…
Romania
Romanian Coal Plant to Be Repurposed as 1700MW Combined-Cycle Flagship
HL-class engine. Image credit: Siemens EnergyCCGT plant will run on Siemens Energy turbines and be one of the most efficient in EuropeSiemens Energy will supply…
Natural Gas
Ceraweek: Collapse in Us Natural Gas Prices Dents Market for Shale Deals
(Reuters) — This year's freefall in U.S. natural gas prices has upended the acquisitions market for gas producers and spooked investors that lined up to bu…
Oil Pipeline
Reelwell as Announces Frame Agreement With Equinor to Provide Drill Pipe for Their Operations
The company has announced the signing of a frame agreement with Equinor ASA to provide DualLink™ powered and wired drill pipe for their operations, ahead …
Energy Security
German Minister: Nord Stream Attacks May Be ‘False Flag’ Operation
STOCKHOLM (Reuters) - German Defence Minister Boris Pistorius on Wednesday warned against reaching premature conclusions on who was responsible for blowing up t…
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