Friday, January 18, 2019
Climate change is one of the key problems of the modern civilization, one that the international community has been trying to resolve for several decades. The United Nations Framework Convention on Climate Change defines the goal,
Friday, January 11, 2019
Asia, Africa and the Middle East drive nearly all energy consumption growth in the world, the U.S.' Energy Information Administration (EIA) said in a statement on Wednesday. Energy consumption in each region grew by around 20 percent between 2010 and 2016, the EIA said.
Friday, January 4, 2019
Oil prices are unlikely to rise significantly this year because of fears of an oil supply glut caused by over production and reduced oil demand due to a slowdown on global economic growth as well as doubts that an oil supply cut deal between the Organization of Petroleum Producing Countries (OPEC) and non-OPEC members reached in December will be implemented fully in early 2019.
Thursday, December 20, 2018
The prospect for bringing peace and stability to the Middle East looks dim unless the regional countries start collaborating and stop consulting Western advisers on regional issues
Friday, December 14, 2018
Production cuts of the Organization of Petroleum Exporting Countries (OPEC) and its allies will be inadequate to push prices higher, which have only shown limited gains so far. The cartel and its allies, dubbed as OPEC+, announced on Dec. 7 that they would curb their production by a total of 1.2 million barrels per day (mbpd) from their October 2018 levels starting on Jan. 1, 2019 for six months.
Friday, December 7, 2018
The rift between the Gulf nations has hit the Organization of Petroleum Exporting Countries (OPEC) on Monday with Qatar's decision to leave the cartel after 57 years. The move could be a point-of-no-return in the medium-term for Qatar, given its strained relations with Saudi-led countries in the Middle East. The country could have burned all its bridges leaving it isolated in the Arab world in the long-run.
Friday, November 30, 2018
As crude prices fell to their lowest level over a year on Nov. 23, OPEC is facing another dilemma - a Deja Vu of the price slump in 2014, but this time the choice looks harder for the cartel that faces the full force of greater U.S. shale oil output.
The choice for the cartel is a difficult one when member states and other producers, including Russia, Kazakhstan and Mexico, also known as OPEC+, meet in Vienna on Dec. 6.
Friday, November 16, 2018
Two competing price mechanisms - oil indexation and hub-based pricing are contributors to shaping the global gas market. The debate over which indexation can better represent the fundamental values of the gas market continues to be a subject for discourse not only throughout academia but also among industry practitioners
Friday, November 9, 2018
Tensions are rising quickly in theeastern Mediterranean oversharinghydrocarbon reserves in the area. The latest developments signal increasing volatility. On Nov. 4, Turkish President Recep Tayyip Erdogan called certain foreign oil companies"bandits of the sea"and warned them against conducting exploration activities near Cyprus.Turkey controls the northern third of the divided island
Friday, November 2, 2018
From enhanced stock picking to sharpening our picture ofESG, Big Data is already being used by investors to addvalue, and given the ever-expanding pool of information, itsimportance to asset managers can only grow.Our columnist Elisabetta Basilico investigates
Friday, October 26, 2018
Global greenhouse gas emissions are – yet again – set to increase in 2018 and “aggressive action” is needed to peak emissions, mainly with the help of energy efficiency and renewables, the International Energy Agency (IEA) warned at PreCOP24 talks in Krakow, Poland, the United Nations Framework Convention on Climate Change (UNFCCC) said in a tweet
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Friday, October 19, 2018
Saudi Crown Prince Mohammed bin Salman stated in a recent interview with Bloomberg that within the next 19 years, Russia’s role in the oil market might substantially decrease. He even suggested Moscow might stop exporting oil. At the same time, Prince Mohammed praised his own kingdom's supply of hydrocarbon resources, which he said willkeep Saudi Arabia a top market player for decades to come
Wednesday, October 10, 2018
On January 30, the deepwater drillshipSaipem 12000sent its drill bit into a cavern beneath one-and-a-quarter miles of water and a mile of rock in the eastern Mediterranean. The Italian oil and gas company Eni, which had contracted the ship, announced a week later that the cavern, called Calypso, was “an extended gas column,” containing an estimated six to eight trillion cubic feet of natural gas
Friday, October 5, 2018
A no deal Brexit will encourage the U.K. to invest more in domestic power generation to balance additional costs from electricity imports from the EU as a third country and to upgrade its gas storage capacity, a policy analyst at the European Policy Centre (EPC) told Anadolu Agency on Thursday
Friday, September 28, 2018
Russia seeks to become one of the world's largest liquefied natural gas (LNG) exporters thanks to foreign investments despite U.S. sanctions against some Russian entities. Until a few years ago, Russian authorities had been skeptical about the prospects on competing for the global LNG market dominated by Qatar, Australia, Algeria, Indonesia and the U.S
Tuesday, September 25, 2018
The stability of Saudi Arabia is becoming more fragile as the young crown prince’s judgment and competence are increasingly in doubt. Mohammed bin Salman has a track record of impulsive and reckless decisions at home and abroad that calls into question the kingdom’s future
Friday, September 21, 2018
The Power of Siberia gas pipeline is scheduled to start on December 20, 2019, transporting gas supplies to China from the Russian Far East but prospects of a project for gas supplies via the so-called western route are also being considered, Russian gas monopoly Gazprom said
Monday, September 17, 2018
We have summarized the Greek energy market and its transition towards the Target Model by reference to the establishment of the Hellenic Power Exchange (HPE) introduced by Laws 4425/2016 and 4512/2018. The intention of the summary is not to analyze in details the energy market but rather to provide an overall insight of the main characteristics of the Greek power market set up and the restructuring effected by reference to the Hellenic Power Exchange
Friday, September 14, 2018
On the sidelines of the Green for Growth Fund’s (GGF) recently held Sustainable Future Forum and the grand finale of the clim@ pitching competition for startups, Christopher Knowles, who at the time served as chairman of the GGF, spoke to Balkan Green Energy News about the impact of innovative solutions, return on green investments, and civil society organizations’ allegations concerning run-of-the-river hydropower projects
Wednesday, September 5, 2018
Continuous depletion of non-renewable energy sources such as coal and petroleum, increase in demand for renewable energy, and long-term cost-effectiveness associated with use of renewable energy resources have propelled the growth of the industry. In addition, increase in awareness about environmental safety & sustainability and proactive government initiatives to promote adoption of renewable energy have augmented the growth of the market
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