Friday, June 5, 2020

Energy Policies News

New JV to Explore Floating Wind Farm Development in South Africa

Illustration; Image Credit - Hexicon

Swedish floating windfarm developer Hexicon has teamed up with South African wind developer Genesis Eco-Energy Developments to explore the development of offshore wind in the country.For this purpose…

Fluxys Sign LNG Contract with Qatar

From left to right : Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of Qatar Petroleum, Marie-Christine Marghem, the Belgian Federal Minister of Energy, Environment and Sustainable Development, and Pascal De Buck, CEO and Chairman of the Executive Board of Fluxys Belgium

Qatar Petroleum subsidiary Qatar Terminal Limited (QTL) and Fluxys Belgium subsidiary Fluxys LNG signed a long-term LNG Services Agreement for the Zeebrugge LNG terminal.Under the agreement…

How to Determine Which Countries Have the Best Energy Policies

© virojt / Adobe Stock

Which countries have the best energy policies? This is an interesting, and rather obvious, question, considering that every country’s energy practices impact the world in one way or another.

US Oil and Gas Industry Confidence Surges

Frank Ketelaars, Regional Manager, the Americas, DNV GL - Oil & Gas. Photo: DNV GL

Senior oil and gas professionals in the United States are among the world’s most confident about the outlook for the sector in 2019, as companies prepare for significant…

Oil Refining Capacity to Grow at Record Pace

© VanderWolf Images / Adobe Stock

Global oil refining capacity is set to increase at its fastest pace on record this year, possibly boosting stocks of products such as diesel, gasoline and marine fuel…

Upset by Trump's Iran Waivers, Saudis Push for Deep Oil Output Cut

File Image: Adobestock / © Mikesjc

When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington…

Calm in Oil Markets Could be Short-lived -IEA

© think4photop / Adobe Stock

Oil markets have entered a brief period of calm but a storm might be looming later this year when new U.S.

IEA: "mission accomplished" for OPEC as Oil Stocks Shrink

File Image (CREDIT: AdobeStock / © mikesjc)

IEA says stocks could reach five-year average by May; OPEC still planning to extend supply cuts into 2019. OPEC and its allies appear to have accomplished their mission…

Oil on Track for Biggest Weekly Gain Since July

File Image (CREDIT: AdobeStock / © scanrail)

OPEC and IEA see oil markets tightening; China March crude oil imports second-highest on record. Oil prices slipped slightly on Friday but were still heading for their…

Oil Falls as U.S. Shale Growth Gathers Pace

File Image (CREDIT: AdobeStock / (c) Shamtor)

IEA sees U.S. gaining market share from OPEC, predicts robust oil demand in next 5 years. Oil prices edged lower towards $64 per barrel on Monday on predictions of a major spike in U.S.

Solar PV Grew Faster Than Any Other Fuel in 2016

New solar PV capacity grew by 50% last year, with China accounting for almost half of the global expansion, according to the International Energy Agency's latest renewables market analysis and forecast.

Oil Rises on IEA Optimism

File Image (CREDIT: AdobeStock / (c) scanrail)

IEA raises 2017 global oil demand growth; says investors sees tighter market, higher oil prices. Oil prices rose on Wednesday after the International Energy Agency (IEA)…

Saudis Favor New York for Aramco Listing

File Image (CREDIT: AdobeStock / (c) scanrail)

New York float would demand more disclosure than London; NYSE would give Aramco access to larger pool of capital. Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco…

'Bring On More Renewables,' US Regulator Says

© Jonathan Weiss / Adobe Stock

Wind and solar power does not make the U.S. electricity grid less stable, an outgoing federal regulator said on Tuesday, as the Trump administration readies a study…

IEA Welcomes Hungary's Efforts in Energy Sector

Hungary took a major step in the right direction with its National Energy Strategy to 2030, which was published in 2011. The country must now make greater use of market…

IEA Urges Poland to Clean Up its Energy Sector

Poland's new energy strategy should put the country on a pathway towards a cleaner energy system while strengthening energy security, the International Energy Agency…

Trump Energy Policy Unlikely to Have Big Impact on CO2 Fight

Changes to U.S. energy policies under new President Donald Trump are unlikely to have a big impact on global action to curb a rise in greenhouse gas emissions, oil major…

French Energy Transition Key to Security - IEA

France- Energy System Overview Courtesy IEA

In its latest country review of energy policies, the International Energy Agency (IEA) praised France for setting in motion significant reforms towards more secure,…

Atlantic Council holds Global Energy Summit

HE Barkindo and OPEC Ministers at the Forum Photo OPEC

OPEC Secretary General, HE Mohammad Sanusi Barkindo, this week attended a new flagship initiative - the Global Energy Forum in Abu Dhabi - organized by the Atlantic Council…

IEA welcomes Italy's Plan to Revisit Energy Strategy

Italy is sending strong signals about its long-term energy goals (Photo Jebulon, Wikimedia Commons) Courtesy IEA

In its latest country review of energy policies, the International Energy Agency praised Italy's comprehensive long-term energy strategy and the acceleration of its…