The upheaval in oil and gas markets started by Russia’s war in Ukraine is helping fuel a clean-energy boom as countries scramble to secure their power supply.
The recent assurance from Russian Deputy Prime Minister and key OPEC+ negotiator Alexander Novak – that he does not expect the group to take any new decisions at their next meeting scheduled for 4 June – should not assure anyone.
Malaysia is on the right track towards clean and renewable energy with the cumulative energy related to carbon dioxide (CO2) emissions expected to be reduced by 40% from 70% by 2050, said the Minister of Natural Resources, Environment & Climate Change (NRECC), Nik Nazmi Nik Ahmad. “According to the World Economic Forum’s latest Energy Transition […]
Chevron Lummus Global (CLG) announced a recent contract award from Saudi Arabia’s TAQAT Development Co for a new 75,000 tonnes per annum (TPA) graphite complex in Rabigh, Saudi Arabia.
Following several major oil discoveries in recent months, Turkey is optimistic about its energy potential
Norway appears to remain firmly committed to its oil and gas operations despite leading the green transition
Saudi Arabia is making money from diesel trading after the EU embargo on Russian fuels, as the world’s top crude exporter is now importing record volumes of cheap diesel from Russia and exporting record levels of its own diesel to the higher-priced Asian market in the Singapore hub, trading and ship-tracking sources have told Reuters.
The Ghana Upstream Petroleum Chamber and Ghana Revenue Authority have started a series of quarterly seminars between them to improve the understanding of each other’s needs and enhance collaboration.
Russia would prefer its partners of the OPEC+ group to leave oil production unchanged when it meets next week, as Moscow is okay with the current oil prices and production quotas, sources with knowledge of the Russian position told Reuters on Friday.
Despite big promises of a green transition and the creation of ambitious climate pledges, some countries are continuing to support the development of new coal mines.