Energy

BALKAN NATIONS CONSIDER HYDROGEN AMID EFFORTS TO REDUCE EMISSIONS QUICKLY

Glances /

Baki Bajraktari, who works at the Bulqize chrome mine in northeastern Albania, never thought that the presence of hydrogen there could be positive, especially after a tragic explosion in 2011 due to a gas pocket. However, his perspective shifted when a study published in the peer-reviewed journal Science in January revealed a reservoir containing between […]

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INDIA’S HYDROELECTRIC OUTPUT WITNESSES MOST SIGNIFICANT DECLINE IN ALMOST FOUR DECADES

Glances /

In the past fiscal year ending on March 31, India experienced a significant decline in hydroelectricity production, marking the most notable drop in at least 38 years according to an analysis of government data by Reuters. This decline was primarily attributed to unpredictable rainfall patterns, which exacerbated the reliance on coal-fired power generation amidst heightened

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ACCORDING TO THE IEA, GLOBAL DEMAND FOR OIL, GAS, AND COAL WILL REACH ITS PEAK BY 2030 

Glances /

According to the International Energy Agency, the world’s demand for fossil fuels will peak by 2030 as more electric cars are introduced to the road and China’s economy changes to greener energy sources. This undermines the case for increased investment.  The Organization of the Petroleum Exporting Countries, which represents oil producers, believes that oil demand

ACCORDING TO THE IEA, GLOBAL DEMAND FOR OIL, GAS, AND COAL WILL REACH ITS PEAK BY 2030  Read More »

OCTOPUS ENERGY, A BRITISH COMPANY, PLANS TO INVEST $20 BILLION IN OFFSHORE WIND BY 2030

Glances /

In order to increase energy security and lessen reliance on fossil fuels, renewables investor Octopus Energy Generation wants to invest $20 billion in offshore wind by 2030.    The company, which is a part of Octopus Energy Group, said that the investment will produce 12 GW of renewable electricity annually, which is sufficient to power

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LAUNCH OF 9.9 MW SOLAR POWER PROJECT IN SERBIA BY POWERCHINA AND AVR

Glances /

According to the Ministry of Mining and Energy, the project is being built by PowerChina and the German company AVR Solar Park. Notably, PowerChina and CWP Europe inked an investment agreement in April for the projected Vetrozelena wind farm, ushering the Chinese corporation into Serbia’s renewable energy market. Large solar power plants are not yet

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GERMANY PLANS TO PROVIDE INDUSTRIAL HUBS WITH HYDROGEN SUPPLIES 

Glances /

In an effort to reduce carbon emissions from its manufacturing-based economy, Germany disclosed plans to connect industrial regions around the Rhine, the south, and the east of the country with hydrogen pipes.  The Economy Ministry stated that the preliminary plans unveiled on Wednesday serve as a crucial “starting signal” for the nation’s turn away from

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UK LOOKING TO REVIVE RICH MINING PAST TO COUNTER CHINA’S MINERALS DOMINANCE 

Glances /

South Crofty is a part of a surge of mining activity sweeping the southwest of England that aims to revive a sector that, up until recently, appeared to be all but dead. Companies looking to profit from the spike in demand for the raw materials essential to the transition to clean energy are concentrating on

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WHY AREN’T OPEC+ SUPPLY CUTS RESULTING IN HIGHER OIL PRICES? 

Glances /

In response to falling oil prices, OPEC+, a group made up of Organisation of the Petroleum Exporting Countries and allies like Russia that produces about 40% of the world’s petroleum, has been reducing oil output since November. The two largest oil exporters in the world—members Saudi Arabia and Russia—intensified their oil supply restrictions on Monday,

WHY AREN’T OPEC+ SUPPLY CUTS RESULTING IN HIGHER OIL PRICES?  Read More »

UKRAINE HAS AMBITIONS TO BECOME EU’S NEW ENERGY HUB 

Glances /

The CEO of the largest energy company in the nation stated that while rebuilding Ukraine’s damaged energy infrastructure will cost billions of dollars, doing so will help the EU finish its transition away from Russian energy. Oleksiy Chernyshov, the chief executive officer of national oil and gas company Naftogaz, told POLITICO that rebuilding Ukraine should

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PRICES OF OIL INCREASE AFTER SAUDI ARABIA ANNOUNCES FURTHER PRODUCTION CUTS 

Glances /

Oil prices increased on Monday,5th June, as Saudi Arabia announced it will further reduce production by a million barrels per day starting in July for at least a month in an effort by OPEC+ producers to support oil prices. Saudi Arabia’s production was reduced by the most in recent memory; it will now produce nine

PRICES OF OIL INCREASE AFTER SAUDI ARABIA ANNOUNCES FURTHER PRODUCTION CUTS  Read More »

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