News
2021, October, 26, 13:10:00
NORWAY FUND RETURNED $3.7 BLN
In the third quarter of 2021, the Government Pension Fund Global returned 0.1 percent, equivalent to 31 billion kroner.
2021, October, 26, 13:05:00
SAUDI ARABIA ZERO EMISSIONS 2060
Saudi Arabia also intends to develop carbon capture use and storage (CCUS), and to reduce global methane emissions in 2030 by 30% relative to 2020 levels. It will focus on energy efficiency in industry, building and land transportation and plans to retrofit the entire pool of public and governmental assets and facilities.
2021, October, 26, 13:00:00
CHINA ZERO EMISSIONS 2060
As of end-2020, China had nearly 282 GW of installed wind capacity, and over 253 GW of solar capacity.
2021, October, 26, 12:55:00
AUSTRALIA ZERO EMISSIONS 2050
Australia's adoption of a net zero emissions target is significant as it is one of the largest producers and exporters of fossil fuels and falling in line with the UN mandated net zero pledge would signal there could be tighter regulations on emissions reduction.
2021, October, 25, 12:30:00
OIL PRICE: ABOVE $86
Brent increased 56 cents, or 0.7%, to $86.09 a barrel, WTI rose 62 cents, or 0.7%, to $84.38 a barrel.
2021, October, 25, 12:25:00
RUSSIA'S CLOSED NUCLEAR CYCLE
Known as ROSA-N, the new model was developed by scientists in Rosatom's Proryv (Breakthrough) project, which works towards deployment of fast reactors and a closed nuclear fuel cycle.
2021, October, 25, 12:20:00
RUSSIAN GAS FOR MONGOLIA
A meeting of the joint working group of Gazprom and the Government of Mongolia on the implementation of the Memorandum of Understanding regarding the project for pipeline gas supplies from Russia to China across Mongolia took place today in Ulan-Bator, Mongolia.
2021, October, 25, 12:15:00
INDIA RENEWABLES 2.4 GW
The Solar Energy Corporation of India (SECI) has initiated a tender for 1,200 MW of wind projects under the tranche XII of the interstate transmission-connected (ISTS) programme.
2021, October, 25, 12:10:00
JAPAN RENEWABLES 38%
The Cabinet of Japan has approved the 2030 renewables target (including hydropower) of 36-38% of the country's power mix by 2030 that was unveiled in July 2021.
2021, October, 25, 12:05:00
CHILE RENEWABLES 80%
Chile has unveiled a new National Energy Policy, a roadmap for the development of the sector, which targets 80% of renewables in power generation by 2030 and 100% by 2050
2021, October, 25, 12:00:00
U.S. RIGS DOWN 1 TO 542
U.S. Rig Count is down 1 from last week to 542, Canada Rig Count is down 4 from last week to 164.
2021, October, 22, 11:30:00
OIL PRICE: NOT ABOVE $85 ANEW
Brent dropped 50 cents, or 0.6%, to $84.11 a barrel. WTI fell 49 cents, or 0.6%, to $82.01 a barrel.
2021, October, 22, 11:25:00
IMPORTANT OIL FOR INDIA
Since India's per-capita energy consumption is about one-third the global average, demand is expected to rise exponentially, creating the need to push both refining expansion as well as clean energy initiatives,
2021, October, 22, 11:20:00
GLOBAL CARBON EMISSIONS WILL UP
Global energy-related carbon dioxide (CO2) emissions will increase for countries both inside and outside of the Organization for Economic Cooperation and Development (OECD) over the next 30 years under current laws and regulations.
2021, October, 22, 11:15:00
GLOBAL RENEWABLE ENERGY JOBS 12 MLN
Renewable energy employment worldwide reached 12 million last year, up from 11.5 million in 2019