Australia’s new Labor government will accelerate efforts to tackle climate change, but climate policy will remain highly politicised, warns Verisk Maplecroft, a strategic risk intelligence company.
Sprng Energy Pvt is nearing a deal for Shell to acquire the Indian renewable power producer for about $1.8 billion including debt, people with knowledge of the matter said.
Surging oil, gas, and power prices, together with the European Union (EU)’s goals of becoming less dependent on Russian supplies, and post-Covid-19 pandemic inflation, will catapult global energy spending this year to a record $2.1 trillion. Significantly, similar levels of spending have not been seen since 2014, Rystad Energy research shows.
Australia stands to gain from a surge in energy prices on prospects that the war in Europe will exacerbate global oil and gas shortages as nations shun supplies from Russia, according to the government forecaster.
By Steve Combe, consultancy manager, AGR, Aberdeen
As we emerge from the pandemic, with a rapidly rising oil price and a recognition that oil and gas are vital to security of domestic supply, delayed projects are coming back on stream and new ones are being sanctioned.
Energy ministers from the Group of Seven developed nations on Thursday agreed to boost efforts to cut their dependency on energy imports from Russia, Japanese industry minister Koichi Hagiuda said, reported Nikkei Asia.
The madness in Ukraine has dramatically fast-forwarded issues that were already in the making. Soaring energy prices, over-reliance on imported gas, storage which is essential to facilitate the growth of renewables … the list goes on and on.
A new equipment firm, which will “bridge the gap” between oil and gas and renewables, has been launched with the backing of a pair of Aberdeen serial entrepreneurs.
The Biden administration is considering whether to prohibit Russian oil imports into the US without the participation of allies in Europe, at least initially, according to two people familiar with the matter.
Divesting from oil and gas has been a profitable trade for the last couple of years. Now, for the first time since 2016, investors who held on to energy shares are poised to outperform the broader market.
The best and brightest of the North Sea energy industry gathered at P&J Live, Aberdeen, last night (December 8) in a glamorous ceremony for the OGUK awards.
India plans to take more ambitious climate action by 2030, even as the nation pushes back against pressure to set a target for net-zero greenhouse gas emissions.
China’s energy crunch pulled in more coal and gas imports in September, as buyers scrambled to ensure adequate supplies to counter a deepening power shortage ahead of peak winter demand.
Clyde Training Solutions (CTS) have partnered with ITB Competence Assurance Limited (ITB) to develop training packages specifically aimed at Armed Forces personnel wishing to transition to the Energy Sector.
ESG. It’s an acronym we are all familiar with now, but does that mean that it’s an entirely new concept? Of course not, but there’s no denying that it has moved its way up the agenda with considerable speed, particularly as the energy transition becomes a part of our daily lives.
Analysts expect Australian liquefied natural gas (LNG) supplier Woodside (ASX:WPL) to benefit as China faces a severe winter of energy shortages, with primary energy demand surging to a 10-year high.
The UK will experience a shift in the weather next week, including strong winds that will ease its dependence on expensive natural gas to produce electricity.
Delegates attending the virtual Future Energy Asia conference today heard how Asia is expected to need nearly $3 trillion of cumulative energy investment to realise a sustainable pathway by 2040.
Developing clean energy technologies and bringing them to market in Shetland is the focus of a new project recently funded by the Scottish Government and led by the Net Zero Technology Centre (NZTC)
China’s newest oil refiners are thriving by aligning themselves with President Xi Jinping’s vision, expanding even as their older rivals and several other private businesses have been reined in by Beijing.