Latest news
Oil Major Total Sees 10 Million Bpd Supply Gap In 2025
France's supermajor Total is warning that the world could find itself with a shortfall of supply of 10 million barrels per day (bpd) between now and 2025, due to continued underinvestment in the industry, the OPEC+ pact, and cracks in the U.S. shale business model.
read more... 11/02/2021
New strategy requires UK oil and gas sector to support net-zero target
A revised Strategy from the UK’s petroleum regulator Oil & Gas Authority (OGA), featuring a range of new net-zero obligations for the UK oil and gas industry, was submitted for laying before the UK Parliament on Wednesday, 16 December 2020.
read more... 18/12/2020
Electricity prices set to fall in Sweden, Finland, rise in Norway over next 5 years
The change in prices results from rising demand from the transport sector and industry, the addition of wind power capacity and new interconnectors with the rest of Europe, the grid operator said
read more... 18/12/2020
Hydrogen Production Is Set To Increase 5000% In Just 5 Years
After decades of stagnation and multiple false dawns, the hydrogen economy appears primed for a major takeoff. A growing number of countries and industries are proactively investing in hydrogen technologies, with hydrogen being touted as the ‘fuel of the future.’ Meanwhile, industry experts are predicting that hydrogen could become a globally traded energy source, just like oil and gas, while the Bank of America says the industry is at a tipping point and set to explode into a $11 trillion marketplace. For a sector that has been vilified for so long, those bullish projections can appear like a bad case of blue-sky thinking. Yet, they are beginning to take shape right as we watch.
read more... 18/12/2020
Serbian section of TurkStream extension not ready before spring 2021
The Serbian section of the TurkStream gas pipeline extension is not expected to be ready until at least spring 2021, missing a previous target for first gas to flow by the end of 2020, industry sources close to the project said.
read more... 25/11/2020