Opinion: Egypt Banks on Renewables to Meet Expected Energy Demand Surge
To meet its soaring demand for energy, Egypt is turning to renewable sources. Its targets, if accomplished, will see it become a pioneer in the African energy landscape. But are the plans realistic?Egypt’s population has now passed 100 million. As one of the most populous and fastest-growing nations on the African continent, providing…
Yamal LNG Resumes Loading Operations in Norway
Yamal LNG, controlled by Russia's largest liquefied natural gas (LNG) producer Novatek, is resuming ship-to-ship transfers in Norway, Novatek said on Monday, after plans to shift the operations to Russia fell through due to coronavirus.Novatek suspended transfers in Norway in June last year due to what it termed "pressure from the West".According to Refinitiv Eikon data…
German LNG Terminal Signs New Pact
German LNG Terminal GmbH, the joint venture driving forward Germany’s first LNG terminal in Brunsbuettel, has reached another long-term commercial capacity agreement with an unnamed global LNG player.The gas infrastructure company consisting of N.V. Nederlandse Gasunie (Gasunie), Oiltanking GmbH and Vopak LNG Holding B.V said in a press…
U.S. Calls on Hungary and Neighbors to Shun Russian Gas Pipelines
U.S. Energy Secretary Rick Perry called on Hungary and its neighbours to reject Russian gas pipelines which Washington says are being used to cement Moscow's grip on central and eastern Europe.Energy diversification would be crucial for the region, as Russia has used energy as a weapon in the past, he said."Russia is using a pipeline project…
Trump's State Department Energy nominee Approved by Senate Panel
President Donald Trump's nominee for the top U.S. State Department job dealing with matters related to energy and the global oil industry was approved by a Senate committee on Wednesday, as the United States gears up to re-impose sanctions on Iran's oil exports. The Senate Foreign Relations Committee approved Francis Fannon, a former head…
O&G Industry Urged to Support Digital Skills
A report into UK oil and gas workforce dynamics launched indicates that more than 40,000 new people will need to be recruited into the industry over the next 20 years, including 10,000 in posts that don’t exist today.The UKCS Workforce Dynamics Review, by global energy skills body OPITO in partnership with Robert Gordon University’s (RGU) Oil and Gas Institute…
Merkel Sees No Threat in New Gas Pipe to Russia, Poland Disagrees
The planned Nord Stream 2 gas pipeline connecting Germany and Russia poses no threat to Europe's energy security, Chancellor Angela Merkel said on Friday, publicly disagreeing with her Polish counterpart. Poland, Ukraine and Baltic states fear the pipeline to be laid under the Baltic Sea would increase Europe's dependence on Russian gas…
IEA Finds CO2 Emissions Flat for Third Straight Year
Global energy-related carbon dioxide emissions were flat for a third straight year in 2016 even as the global economy grew, according to the International Energy Agency, signaling a continuing decoupling of emissions and economic activity. This was the result of growing renewable power generation, switches from coal to natural gas, improvements in energy efficiency…
IndianOil Orders 2 LNG Tanks from MHI
Mitsubishi Heavy Industries, Ltd. (MHI) has received an EPC (engineering, procurement and construction) order from Indian Oil Corporation Ltd. (IOL), India's largest oil company, to construct two LNG (liquefied natural gas) storage tanks. The LNG tanks will be the main facility at the first LNG receiving terminal to be constructed on India's east coast.
ABB Wins DEWA's Solar Power Deal
ABB has won an order worth around $20 million from Dubai Electricity & Water Authority (DEWA) , to extend a substation that will integrate more solar energy into the grid, helping diversify Dubai’s energy mix to meet growing demand. DEWA is doubling the net output capacity of phase II of the Mohammed bin Rashid Al Maktoum solar park from 100 megawatts (MW) to 200 MW.
Kerry to Push India to Give U.S. Companies Greater Access
Secretary of State John Kerry will push India to make it easier for U.S. companies to do business there on a trip next week that also takes him to Europe to meet officials from Oman, Iran and Bulgaria, U.S. officials said on Friday. Earlier this week, the State Department said Kerry would travel to India this weekend to attend an investment…
BP & CNOOC Sign 20-yr LNG Deal
BP and the China National Offshore Oil Corporation (CNOOC) today announced a heads of agreement for the supply of up to 1.5 million tonnes of liquefied natural gas (LNG) per year over 20 years starting in 2019. The agreement was signed in London by BP Executive Vice President, Dev Sanyal and CNOOC Chairman, Wang Yilin, in the presence of UK Prime Minister David Cameron and Chinese Premier, Li Keqiang.
Renewables to Surpass Gas by 2016 in Global Power Mix
Power generation from hydro, wind, solar and other renewable sources worldwide will exceed that from gas and be twice that from nuclear by 2016, the International Energy Agency (IEA) said today in its second annual Medium-Term Renewable Energy Market Report (MTRMR). According to the MTRMR, despite a difficult economic context, renewable power is expected to increase by 40% in the next five years.
