- Algeria allocates $3.5 billion to support exploration and to increase the size of hydrocarbon reserves
- Qatar Energy to add another 2 gigawatts to its installed solar capacity
- Indian Oil Corporation signs second agreement with Ruwais LNG
- The Iraqi government is unable to reduce production from Iraqi Kurdistan to be in line with OPEC+ decisions
- Saudi Arabia's oil export revenues to fall in 2024 due to repeated voluntary production cuts
- ASRY Awarded 2024 RoSPA Gold Medal in Health and Safety
- BP ponders shifting focus away from renewables, say sources
- QatarEnergy enters 10-year naphtha supply agreement with Japan’s ENEOS Corporation
- The International Energy Agency expects oil demand growth to slow in 2024
- The International Monetary Fund re-selects Kristalina Georgieva as its director
Newsletter
IEA: 10% increase in global energy investment in 2021 but still far from achieving climate goals
Global energy investment is set to rebound by about 10% in 2021 to $1.9 trillion, reflecting most of the decline in the past year caused by the Covid-19 pandemic. But spending on clean energy...
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Japan plans to double the share of renewable energies in the power grid at the expense of reducing the share of fossil fuels to less than half over the next decade.
Japan is the third largest economy in the world. The Japanese energy goals are made clear in Japan’s draft National Energy Strategy, and they include a huge leap toward carbon reduction. The...
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IEG: ECOMONDO AND KEY ENERGY From 3rd to 6th November 2020 At Rimini Expo Centre (ITALY) The Great Appointment with the Green Economy
https://en.ecomondo.com Rimini (Italy), 23rd October 2020 – The countdown has begun. Ecomondo and Key Energy are returning to Rimini expo centre (Italy) from 3rd to 6th November. The figures...
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UAE: Refining and petrochemicals of top priority, while focusing on Ruwais refinery to become the largest in the world
Ruwais refinery has witnessed increases and expansions in stages, but the long-term plans aims at raising the current refining capacity in the giant Ruwais complex by 922 thousand barrels per day to...
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Kuwait may be in urgent need to borrow 66 billion dollars
Due to the repercussions of the Coronavirus pandemic and the fall in oil prices, Kuwait is currently going through one of its worst financial crises. Some sources estimate that the general budget...
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Emirati Dana Gas Seeks to Sell Its Assets in Egypt to Pay off the Sukuk
The UAE Company, Dana Gas, plans to use the revenues from its assets in Egypt that it is trying to sell to pay its Sukuk. These are the assets that are located on the shore in the Nile Delta without...
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The International Energy Agency: Clean Energy is more elastic in facing Covid-19 virus compared to fossil fuels
The International Energy Agency believes that renewable energy will be the single most elastic source in the face of the biggest shock to the global energy sector in 70 years due to the Covid-19,...
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Oman towards reducing its oil production to comply with OPEC+ agreement
Oman is heading to reduce oil production from its six largest blocks of production by 23% from the levels of the basic production line, as it produced 883,000 barrels per day in October 2018, to...
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G20 leaders pledge to support developing countries against the Corona pandemic
At the end of an emergency summit held via video, G20 leaders pledged to pump 5 trillion dollars into the global economy, to face the effects of the Corona “Covid-19” pandemic, and to...
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The historic agreement of (OPEC+) .. will it save the markets from the collapse of oil prices?
The OPEC Plus group succeeded in reaching a historic agreement to rebalance the oil markets and stop the collapse in oil prices. The group had reached the agreement a few days ago in a...
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