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The energy transition, electricity prices and hydrogen

Вт., 07/02/2020 - 10:33
Hydrogen from electrolysers is a 3-in-one energy carrier delivering three solutions to three important emergency energy transition problems, write Mike Parr and Simon Minett. Mike Parr is director of PWR, a UK-based company providing market research and technical support in the field of renewables and energy efficiency. Simon Minett is founder of Challoch-Energy, a consulting firm. EU institutions are failing […]

ENEL X Romania launches a simulator for photovoltaic systems

Ср., 07/01/2020 - 23:34
Enel X Romania, part of Enel X, Enel Group’s advanced energy services business line, has launched a simulator for photovoltaic systems, capable of configuring installations with a high degree of customization, based on the information provided in real time via Google Maps app. The simulator is designed for companies interested in reducing their electricity consumption […]

EU climate transition needs mineral miners, not coal miners

Ср., 07/01/2020 - 10:55
The European Union needs to transform its coal-mining regions into the source of minerals for clean technology, such as cobalt and rare earths, if it is to meet its climate goals and curb import reliance, a senior official said on Monday. The European Union has long wrestled with its dependency on imported natural resources. But […]

Saudi Arabia eyes total dominance in oil and gas

Ср., 07/01/2020 - 10:29
By Julianne Geiger for Oilprice.com Saudi Arabia’s Energy Minister Prince Abdulaziz claimed last week that the Kingdom will be the world’s biggest hydrocarbon producer “even” in 2050. “I can assure that Saudi Arabia will not only be the last producer, but Saudi Arabia will produce every molecule of hydrocarbon and it will put it to […]

Energyworld 37, July/August 2020

Пон., 06/29/2020 - 16:38

Romania: OMV Petrom gets E&P license for Georgian Black Sea perimeter

Пон., 06/29/2020 - 11:27
Georgia’s Oil and Gas Agency has granted oil and gas exploration and extraction licenses to Romanian oil company OMV Petrom, a member of the Austrian OMV Group, Bm.ge reported. The licenses cover 5,282 square kilometers in the Black Sea shelf. The Oil and Gas Agency announced an open international tender in January for a permit to conduct […]

2020 will be a brutal year for coal

Пон., 06/29/2020 - 10:10
By Haley Zaremba for Oilprice.com As if the economic fallout from the novel coronavirus pandemic weren’t enough, a series of trade battles have redoubled the United States’ economic woes in recent weeks. Like everywhere else around the globe, the U.S. has seen a severe downturn in nearly every economic sector and soaring rates of unemployment […]

IEA says EU’s energy systems are becoming cleaner and more resilient

Пет., 06/26/2020 - 15:40
As the production and use of energy accounts for 75% of the EU’s greenhouse gas emissions, the EU’s energy sector will have to be at the forefront of efforts to reduce emissions An in-depth review of the EU’s energy policies, released today by the International Energy Agency (IEA), states the EU is well on track […]

EU ministers exclude nuclear, fossil gas from green transition fund

Пет., 06/26/2020 - 09:57
European Union countries agreed on Wednesday (24 June) that the bloc’s flagship fund to wean regions off fossil fuels should not finance nuclear or natural gas projects, despite calls from some Eastern countries for gas to be eligible for EU funding. The European Commission, the EU’s executive, wants to set up a €40 billion Just […]

Oil market optimism is entirely misplaced

Пет., 06/26/2020 - 09:01
By Cyril Widdershoven for Oilprice.com Optimism is supposedly back in oil markets, with the Global Research team at Bank of America lifting its oil price forecast for this year and next as demand recovers from coronavirus-linked shutdowns, the OPEC+ output cut deal curtails supply, and producers slash capital expenditure. The bank now sees Brent crude […]

The next step in the electric vehicle evolution

Вт., 06/25/2020 - 10:26
By Irina Slav for Oilprice.com Many believe electric vehicles are the only future of road transportation. Equally, many are confident they will never replace internal combustion engines—not entirely, anyway. The so-called EV revolution, with sales of electric cars going through the roof and overtaking the sales of ICE cars, has failed to materialize. What the EV […]

Three companies that are bigger than the entire oil & gas industry

Ср., 06/24/2020 - 10:40
By Alex Kimani for Oilprice.com The oil and gas sector is notorious for booms and busts. The ongoing bust cycle, however, is beginning to look like the new norm with investors continuing to give the sector a wide berth. Oil and gas stocks have fallen so much that you would have to go back to […]

Who will win the ultimate war for Libya’s oil?

Вт., 06/23/2020 - 10:43
By Jen Alic for Oilprice.com After pushing General Haftar from Tripoli and key surrounding areas, Libya’s Government of National Accord (GNA) thought it was game over for the general, but now it finds itself describing the latest Egyptian move on this venue a “declaration of war.”  As Haftar’s allies are forced to respond after largely waiting things […]

The newest battlefield in the European Gas War

Пон., 06/22/2020 - 10:43
Across the planet LNG prices in May-June 2020 have dropped to unprecedentedly low levels – landed seaborne prices still remain below $2 per MMBtu, compelling rivals of LNG to counteract the trend. In the vanguard of those affected is the Russian pipeline gas monopoly Gazprom which expects its exports to drop from the peak of […]

Romania to invest EUR 1 bln EU funds in natural gas distribution

Пон., 06/22/2020 - 10:33
Romania will invest EUR 1 billion from the European Union’s budget over the next seven years to expand the natural gas distribution networks, prime minister Ludovic Orban announced, Economica.net reported. Only 35% of the country’s population has access to the gas distribution network, compared to a 90% gasification rate in Hungary, which has much smaller domestic resources, […]

Coronavirus and the great electric-battery dividend

Пон., 06/22/2020 - 10:31
The global health pandemic has dealt a body blow to many areas of the economy but the battery industry looks set to reap significant rewards, even if it will also have to put up with a short-term slump in demand. Coronavirus lockdown measures, changing habits and shifting investments have altered the course of energy and […]

Who will stand for the European Green Deal?

Пет., 06/19/2020 - 10:24
When the new European Commission took office in November, its much-vaunted Green Deal was the centre of worldwide attention. This week, EU leaders are meeting to decide how much of it can still be saved. The Green Deal is the EU’s “new growth strategy,” Commission President Ursula von der Leyen told the European Parliament in […]

RO Govt. to “help” natural gas prices decrease, if free market fails

Вт., 06/18/2020 - 13:22
The price of the natural gas paid by households should fall by 10-15% from July 1, as an effect of the Gas Release Program and market liberalization, the minister of economy and energy, Virgil Popescu, said for Digi24 TV station, quoted by Economica.net. Otherwise, “the Government will use the competition legislation to intervene,” minister Popescu warned. […]

BP: Global energy demand growth already slowed before the pandemic

Вт., 06/18/2020 - 12:42
Global growth in primary energy consumption slowed down to 1.3 percent last year from 2.8 percent demand growth in 2018, with renewables a major growth driver in 2019, BP said in its annual Statistical Review of World Energy 2020 on Wednesday.   Renewables, together with natural gas, accounted for three-quarters of last year’s increase in global energy consumption, […]

Europe’s draft hydrogen strategy

Вт., 06/18/2020 - 10:25
The European Commission aims to promote so-called “green” hydrogen produced from renewable electricity over the “grey” sort obtained from natural gas steam reforming, according to a leaked policy document obtained by EURACTIV. The Commission has made hydrogen “a central element” of plans to decarbonise industry, announcing it will launch a “Clean Hydrogen Alliance” after the […]