UK Government considering loans for energy firms amid soaring prices
A 250% rise in gas prices this year has created problems for UK energy companies.
Oil
Hydropower will continue to dominate electricity generation in Brazil until 2030
Continuous droughts have pushed Brazil towards the development of the renewable sector.
Low-cost gas and oil to help thermal power continue its dominance in Iran until 2030
Electricity demand in Iran is expected to grow from 276.3 TWh in 2020 to 345.4...
Japan to promote renewable power and reduce fossil fuel imports during 2021-2030
Japan will focus on renewable power to reduce reliance on nuclear power as well as...
“It makes little sense to divest from Total, Shell, and Exxon, just because of climate change,” Total CEO
During his speech as part of the International Petroleum Week event (IP week), Patrick Pouyanné,...
Columbia University to stop fossil fuel investment
Columbia University has published a statement that it currently “does not hold any direct investments in publicly traded oil and gas companies and is formalising this policy of non-investment for the future” in a bid...
Transition and upskill: is the offshore industry well placed to do both?
As the renewable energy sector continues to expand, education and training, together with upskilling and reskilling, will only become more important according to OPITO CEO John McDonald. We hear about the steps the company is...
Fossil fuel production ‘excessive’ despite Covid-19 cuts – report
Fossil fuel production would need to fall by 6% annually until 2030 to bring the world in line with a global temperature increase of 1.5°C, a new report states.
CCS sector rapidly recovering from pipeline slump – report
Planned carbon capture and storage (CCS) capacity has increased by 33% year-on-year, according to a report released today.
Mexico’s fight against renewable energy: the story so far
When Andres Manuel López Obrador was elected president of Mexico in July 2018, he promised to return the country’s energy companies to their former glory. Since then, his policies have turned away renewable investment and...
Aveva buys OSIsoft to become Britain’s most valuable software company
Aveva, a British software firm working with oil rigs, ships, and nuclear power station design, has announced the acquisition of OSIsoft, a California-based data company, in a deal expected to increase Aveva’s market value to...
