China has a refining capacity of 13.1 mb/d, i.e. 2.5 times as high as in 2000 (5.4 mb/d).

In September 2019, Russia awarded a €1.3bn funding to build the project, which will correspond to 85% of the total investment.

Public opinion, governmental regulations, and most importantly, economics, are pushing the O&G industry to diversify its assets into renewables.

In May 2020, South Korea unveiled a long-term energy plan (basic energy policy for the years 2020-2034) shifting from thermal and nuclear power generation to renewable energies

This target follows an ILS80bn (US$24bn) plan unveiled in June 2020 and aimed at increasing the share of solar in the power generation to 30% by 2030,

To coincide with the first meeting of the new United States-United Arab Emirates Strategic Dialogue, U.S. Secretary of Commerce Wilbur Ross announced the Department is working to conclude two memorandums of understanding with Emirati government agencies promoting foreign direct investment, innovation, and entrepreneurship as well as the expansion of the International Trade Administration’s (ITA) Digital Attaché Program to Dubai, UAE.

The plant’s projected cost of $6.1 billion has risen from $3.6 billion in 2017

Dr. Al Jaber also shared his perspective on the energy transition and outlined how ADNOC is preparing for the future energy landscape.

NAEI is a part of Noologistic Control Technology. Its implementation will provide individuals, households, communities and politicians with complete, objective and reliable information about the impact of their activities on the environment for the development and implementation of daily decisions about consumption, lifestyle and investment.

To be installed in the Mediterranean, off the coast of Gruissan in Aude department, EolMed is one of four floating wind projects awarded by the French state in 2016.

The emergence of large-scale North American LNG exports has made it easier for low-cost US gas to reach Asia’s LNG importing markets.

The U.K. Treasury is looking at having “a portion of equity from the government being invested” as a way of backing nuclear energy, Energy Minister Kwsai Kwarteng said on a panel at the ruling Conservative Party conference.

“The Canada Infrastructure Bank is critical to expanding Canada’s ambition by bringing in the private sector to get more infrastructure built,” said Infrastructure and Communities Minister Catherine McKenna, adding that the investments will create 60,000 jobs and “help build a low-carbon future”.

The People’s Committee of Haiphong (Vietnam) has approved ExxonMobil’s 6 Mt/year LNG import terminal and 2,250 MW gas-fired power plant projects, which would require an investment of US$5.1bn.

The United States grew to become the world’s largest oil producer at nearly 13 million barrels per day (bpd), led by shale companies.