Global renewable power installations climb to new record high in 2021 – IEA
A record amount of solar panels, wind turbines and other renewable power is set to be installed worldwide in 2021, the International Energy Agency has said.
IEA
Oil price could hit $200 without new investments says Omani minister
Oil prices could hit $200 per barrel if no new investments are made in the upstream oil and gas sector in the short-term, Oman's energy and minerals minister said yesterday in reply to the International Energy Agency's (IEAs) assessment for reaching net-zero emissions by 2050, reported S&P Global Platts.
OTC: World’s largest oil conference navigates Covid for 2021 return
Navigating Covid restrictions, dodging other energy calendar fixtures and even working around the Houston Texans football team has allowed OTC in Houston to finally get underway this month.
Quebec kills LNG plan citing IEA net zero plans
Quebec has officially rejected a proposed LNG export project, citing the International Energy Agency’s (IEA) net zero report from May.
Fossil fuels giant Reliance will invest $10bn in Indian renewable energy
India’s richest man, Mukesh Ambani, who has run one of the world’s largest petroleum businesses for over two decades, yesterday announced that his company Reliance Industries, will invest 750 billion rupees ($10 billion) towards clean energy solutions over the next three years.
Energy and chemicals transformations pose massive resource challenges
As the curtain falls on the Age of Hydrocarbon Man and the transition towards a more sustainable low carbon future gathers momentum, it is important to recognise the sheer scale of the effort required.
CCS is crucial for BP and Repsol investments in Indonesia
Proposed new regulations signal that the Indonesian government appears to have recognised the importance of supporting carbon capture and storage (CCS) schemes. Such regulations will be crucial to encourage major companies, such as BP and Repsol, to invest in significant new upstream production in Indonesia.
Shareholders back Shell transition strategy, but support for activist resolution doubles
Almost a third of shareholders defied the wishes of Shell board members to vote in favour of a resolution tabled by an activist shareholder group at its annual general meeting today.
Will oil hit $80 this summer?
India, the world's third-largest oil importer, is the latest coronavirus hotspot. It has recently hit a record-breaking number of new daily coronavirus cases—a statistic that dented oil demand and pressured oil prices.
IEA says governments should consider stockpiling battery metals
Western governments should consider stockpiling critical battery metals such as cobalt and lithium, the International Energy Agency said, in a stark warning of the geopolitical risks that accompany the green-energy transition.
Santos eyes final approval for giant CCS project
Australia’s Santos plans to take a final investment decision (FID) on its proposed Moomba carbon capture and storage (CCS) project that it said would be among the largest in the world.
Is a new global oil supercycle looming?
Energy Voice considers the prospect of an oil supercycle and its potential supply crunch, rising demand, and triple digit oil prices.
Student minds are driving big change
Student body presidents from eight top US universities came together recently to endorse a statement on fossil fuel divestment drawn up by Harvard University’s Undergraduate Council.
IEA sees $1.4 trillion clean energy opportunity in India
India is set for the largest increase in energy demand of any country over the next 20 years. This underscores the potential for policies and investment to accelerate the clean energy transition, the International Energy Agency (IEA) said in a new report.
India courts ExxonMobil with upstream offer
The Indian government is trying to persuade ExxonMobil to take stakes in offshore acreage controlled by state-backed Oil & Natural Gas Corporation (ONGC).
Big Money drives transition in face of old resistance
It is the hottest topic of all time for the energy industry. The energy transition that began more than 25 years ago is now central in the battle to curb and reverse runaway climate change within 30 years.
Pandemic takes toll on funding for low-carbon innovation
“Recovery plans rooted in the energy transition represent a far-sighted investment.” So claims Irena, the International Renewable Energy Agency.
Sustainable Recovery: A roadmap that makes sense
Sustainable Recovery may be the most significant report ever produced by the IEA and the reason why is that the agency was partnered by the International Monetary Fund.
Record spending cuts this year, IEA warns
The coronavirus pandemic has triggered the “largest drop in global energy investment in history”, the International Energy Agency (IEA) has said, launching its World Energy Investment 2020 report.
IEA calls for deeper cuts
The International Energy Agency (IEA) has called for the OPEC-led group to take more production offline and faster than previously agreed.
IEA: short-term pain to balance out in second half
Actions taken by producer states under the OPEC+ banner, coupled with moving oil into storage, should see a stock draw of 4.7 million barrels per day in the second half of 2020, the International Energy Agency (IEA) has said in its recent Oil Market Report (OMR).
Oil set for weekly gain after finding floor amid virus confusion
Oil headed for its first weekly gain since early January after prices found a floor amid uncertainty over how the coronavirus will play out and whether OPEC+ will respond with additional production cuts.
Energy emissions stay flat as rich nations kick coal habit
Global emissions from energy held steady in 2019 for the first time in three years. But the restraint all came from the U.S. and Europe as developing countries boosted use of the most polluting fossil fuels.
‘Rapid and widespread’ change to energy systems needed to combat global warming – IEA report
Rapid and widespread changes are needed across the world's energy systems to tackle climate change and ensure sustainable development, experts have said.
IEA: Gas and renewables to power Africa
The struggle to provide Africa with energy will become increasingly important, particularly in terms of balancing power with carbon emissions, a new report from the International Energy Agency (IEA) has said.