World Energy Council Emphasizes the Importance of Natural Gas and Carbon Capture Apart from a massive expansion of renewable-powered electricity generation, the energy transition will need natural gas with carbon capture, utilization, and storage (CCUS), as well as hydrogen and huge investments in grids, Angela Wilkinson, secretary general and CEO of the World Energy Council,…
With Strict Targets Looming, European Aviation Races To Make Green Fuel Energy giant Repsol (REP.MC) has bought into Europe’s drive for green jet fuel, but believes the 200 million euro ($217 million) plant it is building in southeast Spain faces a bumpier ride than if it was on the other side of the Atlantic. Repsol…
Drones Help Reverse Deforestation and Empower Local Communities The Gran Chaco region in Paraguay not only contains the second-largest forest in South America, but it also has one of the world’s highest deforestation rates. GainForest, with the help of drone data from Globhe, now uses smart AI tools that reverse deforestation and empower the local…
Retail Investors Look for more Carbon Friendly Investment Funds – Research Reveals One in four investors place a greater focus on the carbon footprint of a fund than its charges. Some two thirds (65%) of UK retail investors say they would be more likely to invest in funds that provided greater information on their carbon…
US Rakes in $263.8 mln from Gulf of Mexico Drilling Rights Auction A U.S. government auction of oil and gas drilling rights in the Gulf of Mexico generated $263.8 million in high bids, the most of any sale in the region for years and the first test of demand for investment since the Russian invasion…
2023 NLNG Science Quiz Competition Focuses on Net Zero NLNG has commenced the 2023 cycle of the NLNG Science Quiz Competition, with the theme “Net Zero Science” to focus on climate change and net zero emission goals. This year’s competition, which is the second edition after the pilot edition in 2021, is in partnership with…
WIEN Demands Government to Prioritize Gender Equity Policies Women in Energy Network (WIEN), an association established in 2020 to provide a platform for Women that work across the Energy Industry value chain, has demanded the incoming administration of the federal government to prioritize policies and programmes that dismantle prevailing gender bias and discrimination in the…
Schneider Electric Identifies Ways CIOs Can Make their Supply Chains More Intelligent with Industrial Edge As enterprises, worldwide continue, to recover from the impact of COVID-19, business leaders are faced with the ongoing challenge of bringing operations back to pre-pandemic levels, and it starts with technology. Chief information officers (CIOs) have become integral leaders in businesses’…
China’s Oil Giant Sinopec Posts Lower-Than-Expected Profits In 2022 China’s state oil major Sinopec reported lower-than-expected net figures for 2022, citing the impact of Covid lockdowns that stifled China’s economy last year. The company reported a net profit of around $9.64 billion, or 66.2 billion yuan, for 2022, which compared with a record result of…
Russia Could Seek Compensation Over Nord Stream Sabotage Russia could demand compensation for damages over the sabotaged Nord Stream gas pipelines in the Baltic Sea, a senior Russian diplomat told Russian news agency RIA Novosti in an interview. “We do not rule out raising the issue of compensation for damages as a result of the…
