the world’s 60 largest lenders had provided around $705bn in financing in 2023 alone.

The annual predefined areas (APA) rounds of exploration acreage are central to Norway's strategy of extending its oil and gas production, a policy fiercely opposed by environmentalists.

Ожидаемый объем дополнительных нефтегазовых доходов федерального бюджета прогнозируется в мае 2024 года в размере 183,58 млрд руб.

This problem isn’t entirely new — Russia has faced a shrinking working-age population for almost two decades.

Gazprom Group, which also includes oil and power businesses, posted a 629 billion-ruble ($6.84 billion) loss last year compared with net income of 1.23 trillion rubles in 2022, according to an earnings report published Thursday.

Russia observed “sustained positive dynamics” in the flow of money to the federal budget, according to a Finance Ministry statement on Monday. Revenues for the three months through March amounted to 8.7 trillion rubles ($94 billion), an increase of 53.5% compared with the same period last year, data from the ministry showed.

CNOOC expects production to continue growing over the next two years, with plans to reach 2.25 million boe/d in 2026.

Beijing’s agenda in the South China Sea may also be spurred by energy interests

Extreme weather events,food supply disruption add urgency to energy transition.Panama Canal drought has effectively reduced carrying capacity due to climate change. Green deal creating incentives on critical minerals.

Russia is expected to reduce both oil and natural gas production this year, according to Deputy Prime Minister Alexander Novak. Oil is projected to fall by 8 million tons to 527 million tons, compared to 535 million tons last year, he said.

The Brent crude oil price will increase from an average of $90 per barrel (b) in the fourth quarter of 2023 to an average of $93/b in 2024.

Russia is counting on a planned new pipeline to China as it seeks to make up for lost gas sales in Europe, but industry insiders see major political risks around a project that is overly dependent on one buyer and question whether it will justify the huge costs.

In the United States last year, according to the Energy Information Administration, natural gas accounted for 39.9 percent of electricity production; coal, 19.7 percent; nuclear, 18.2 percent; and renewables, the rest, although these are coming on fast.

Prince Abdulaziz said that the energy transition will require hydrocarbons including petrochemicals.

The Brent spot price increasing to average $95 per barrel (b) in 2024.