Latest news
Norway readies first offshore wind tenders to spur oil industry transition
Norway will press ahead with North Sea wind power this year, awarding its first development licences as it spurs the transition of its oil and gas industry and despite its already plentiful renewables supply.
read more... 30/03/2021
Saudi Arabia Skips LNG, Bets Big On Hydrogen
Last year, Saudi Arabia’s national oil company Saudi Aramco sent shockwaves through the natural gas markets after it announced that it was kicking off the biggest shale gas development outside of the United States. Saudi Aramco said it plans to spend $110 billion over the next couple of years to develop the Jafurah gas field, which is estimated to hold 200 trillion cubic feet of gas. The state-owned company hopes to start natural gas production from Jafurah in 2024 and reach 2.2 Bcf/d of sales gas by 2036 with an associated 425 million cubic feet per day of ethane.
read more... 24/03/2021
Russian LNG would be competitive at $3.7-$7 per 1 million BTU
Future liquefied natural gas (LNG) projects in Russia would be competitive at $3.7-$7 per 1 million British thermal units (BTU), based on the country’s state LNG development plan.
read more... 23/03/2021
China to speed up tapping new energy sources, but coal stays in mix
China set a modest five-year growth target on Friday for its nuclear power generation capacity and promised quicker development of alternative energy sources as it seeks to cut its carbon footprint, but left its coal industry largely untouched.
read more... 05/03/2021
Ford CEO calls on US government to support EV batteries, charging
Ford Motor Co's Chief Executive on Wednesday called on the US government to support battery production and charging infrastructure development, as he outlined the automaker's plan to develop electric platforms for its top-selling trucks, vans and SUVs.
read more... 26/02/2021