In recognition of this strengthened resolve and renewed firm commitment, the eight participating countries have agreed to extend their additional voluntary production cuts of 2.2 million barrels per day for two months until the end of November 2024,

The Worldwide Rig Count for August was 1,735, up 22 from the 1,713 counted in July 2024, and down 53, from the 1,788 counted in August 2023.

Brent were up 99 cents, or 1.39%, at $72.05 a barrel, WTI rose $1, or 1.48%, to $68.67 a barrel.

Hydrogen's low volumetric energy density poses a significant challenge. Traditional storage methods, such as high-pressure tanks, require robust and often heavy containers, which limit their practicality. Advanced solutions like cryogenic storage and novel materials are being explored to mitigate this issue.

AI and ML are pivotal in aiding the development of materials tailored for hydrogen use. These advanced technologies facilitate the rapid assessment and enhancement of both structural and functional materials, which are crucial for the efficiency and sustainability of hydrogen production, transport, and storage processes.

Hydrogen, often touted as the "fuel of the future," has immense potential to decarbonize key sectors such as transportation, manufacturing, and energy storage.

Green hydrogen, generated through water electrolysis powered by renewable energy, holds promise for nearly zero emissions. However, as interest grows in low-carbon hydrogen, the industry is moving beyond simplistic colour categorizations.

A focus of this initiative is the exploration of nuclear power, prompted by the need to bolster base load power and minimise environmental impacts.

As part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of Energy (DOE) today announced over $3 billion for 25 selected projects across 14 states to boost the domestic production of advanced batteries and battery materials nationwide.

Brent were up 69 cents, or 0.93%, at $74.59 a barrel, WTI rose 74 cents, or 1.05%, to $71.11.

Комплексная научно-техническая программа (КНТП) «Чистый уголь – зелёный Кузбасс», реализуемая при поддержке федеральных и региональных ведомств, в том числе Минэнерго, нацелена на повышение экологичности горного производства, а также достижение технологической независимости в угольной промышленности.

«ТЭК - один из лидеров по доле организаций, применяющих ИИ, а именно занимает 3 место среди отраслей (40,6%). В ближайшие три года ожидается рост этого показателя еще на 18,1 процентных пункта», - сказал заместитель Министра энергетики Эдуард Шереметцев.

Участники заседания проводят интенсивную работу по утверждению итогового коммюнике встречи Министров энергетики стран БРИКС, а также исследования Энергоплатформы по вопросам справедливого энергетического перехода стран БРИКС.

Математические модели и цифровые двойники стали эффективными инструментами для проектирования, мониторинга, а также прогнозирования работы энергетических объектов.

At New York Climate Week, a group of 14 financial institutions on Monday stated their recognition that global civil nuclear energy projects have an important role to play in the transition to a low-carbon economy.

Central Asia was an important source of uranium in the former Soviet Union.

Since expanding to include OPEC members Iran and UAE at the beginning of 2024, BRICS' energy footprint has increased significantly.

"There is no peak demand on the horizon," OPEC Secretary General Haitham al-Ghais said in the organization's World Oil Outlook, which sees global thirst for liquid fuels increasing from 102.2 million b/d in 2023 to 120.1 million b/d in 2050, "with the potential for it to be higher".

The shift in thinking represents a major change of tack for Saudi Arabia, which has led other Opec+ members in repeatedly cutting output since November 2022 in an attempt to maintain high prices.

India’s Maharashtra Electricity Regulatory Commission (MERC) has authorised the Maharashtra State Electricity Distribution (MSEDCL) to procure an additional 5,991 MW of solar capacity through competitive bidding.