Africa needs to decarbonize its energy industry in a hurry. The continent’s population is rising sharply at the same time that countries across Africa continue to industrialize. As a result, total African energy demand is projected to increase by a full third over the next decade. Meeting that demand will require current levels of energy generation capacity to increase ten-fold by 2065. This means that Africa has absolutely no time to waste in installing clean energy generation capacity if they hope... Читать дальше...
Cryptocurrency companies have been increasingly looking to power mining operations in more sustainable and affordable ways, as governments worldwide crack down on energy-intensive crypto operations by introducing more regulations in the sector. We have previously seen companies across the U.S. establish mining operations on existing oil and gas sites, using waste gas from fossil fuel production activities to power mining. But this is getting more and more difficult as the government pursues a green... Читать дальше...
All major North Sea oil countries are expected to continue drilling for oil and gas as they fail to agree on climate measures. The major oil-producing countries operating in the North Sea have all announced ambitious production goals for the coming years, despite pressure from European governments and environmentalists to reduce fossil fuel production in favour of renewable energy projects. A new report found that none of the major oil and gas companies operating in the North Sea have plans to stop... Читать дальше...
First it was a group of children in Montana. Then, in Portugal, a group sued their local governments for allowing climate change to happen. The Montana group even won. It's open season for suing governments—and Big Oil. Of course, the supermajors have been a top target for environmentalist groups and some local authorities in the U.S. for years, but the lawsuits have not really resulted in any significant victories for the plaintiffs—yet. But now it seems that anyone who has reason to be unhappy... Читать дальше...
Gazprom Neft is poised to fulfill its obligations under the April quota of the OPEC+ agreement on oil production cuts by the close of the month, CEO Alexander Dyukov informed journalists. "The Ministry of Energy traditionally communicates the quota to us, and we proceed to implement it accordingly. Our plan is to achieve the required volumes of production cuts by the month's end," Dyukov stated. During the April 3 meeting of the Joint Ministerial Monitoring Committee of the OPEC+, no recommendations... Читать дальше...
Via Metal Miner Month over month, rare earth metals witnessed new price lows not seen since September 2020. While neodymium oxide and praseodymium oxide witnessed the sharpest drop out of all of the components of the Rare Earths MMI (Monthly Metals Index), the index fell by 5.08% overall. But with price points nearing pre-pandemic lows, the index may have finally found a bottom following six straight months of declines. Rare Earth Metals Nearing Pre-Pandemic Price Lows A recent S&P Global article... Читать дальше...
