February 2022

Norway and the European Union have reiterated their commitments to reduce greenhouse gas (GHG) emissions in a coordinated manner by at least 55% by 2030 (compared to 1990), with the objective to achieve climate neutrality by 2050.

U.S. Rig Count is up 5 from last week to 650, Canada Rig Count is up 4 from last week to 224.

Brent rose $2.81, or 2.8%, to $101.89 a barrel, WTI touched a high of $95.64 a barrel.

Россия заинтересована в организации поставок природного газа в Пакистан, добавил Александр Новак.

Blocking energy flows and banning Russia from the international financial messaging service SWIFT – two potential responses to Russia's military invasion of Ukraine – remain on the table but were not pursued in the latest sanctions package from the US.

"The European Council today agrees on further restrictive measures that will impose massive and severe consequences on Russia for its action, in close coordination with our partners and allies," the council said.

The Ukraine regulatory body, the counterpart, has earlier informed the IAEA that it is maintaining communications with Ukraine’s operational nuclear power plants, which it said are operating safely and securely.

The TANAP is the central part of the Southern Gas Corridor, which connects the Shah Deniz gas field in Azerbaijan to Europe through the South Caucasus Pipeline (in Azerbaijan and Georgia) and Trans Adriatic Pipeline (TAP, from Greece to Albania and Italy).

Nigeria, Niger and Algeria have approved a roadmap to develop the 30 bcm/year Trans-Saharan Gas Pipeline (TSGP) between Warri in Nigeria to Hassi R’Mel in Algeria, passing through Niger.

The United States aims to instal 30 GW of offshore wind by 2030. At the regional level, New York and New Jersey have set the target of installing 16 GW of offshore wind by 2035.