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Baker Institute team says fossil fuel subsidies need global reform

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Their paper tracks fossil fuel usage and government subsidies since the the 2009 G20 summit, during which representatives from 20 countries discussed global financial and socioeconomic issues and agreed to “phase out and rationalize over the medium term inefficient fossil fuel subsidies.”. Costs ranged from a low of 0.3%

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AFRY, RINA study points to feasibility and attractiveness of Gulf-to-Europe hydrogen pipeline

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With abundant renewable energy sources (RES) and natural gas reserves, the Gulf region is set to become a leading global producer of green and blue hydrogen, ammonia and other synthesis products. The results suggest a transformative opportunity to unlock the Gulf’s potential as a cost-effective source of low-carbon hydrogen for Europe.

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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

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A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.

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Eni report: global oil reserves and oil production up in 2018 due to US

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Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The second volume, the World Gas and Renewables Review , focused on natural gas and renewables sources (solar, wind and biofuels), will be published in autumn.

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T&E study finds EU has replaced Russian oil barrel-for-barrel as continent fails to cut demand

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Since the EU imposed sanctions on Russia in the wake of the invasion of Ukraine, there has been a redrawing of the global oil map, a new study by Transport & Environment (T&E) shows. Norway and Saudi Arabia followed closely. While developing new oil and gas projects is seen to be “incompatible” with the 1.5°C

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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. Natural gas prices declined to multi-year lows; however, the share of gas in primary energy continued to rise, reaching a record high of 24.7%. million b/d in 2020 driven by both OPEC (-4.3

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Air Products, ACWA Power and NEOM sign agreement for $5B production facility for production and export of green ammonia to global markets for H2 delivery

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The project, which will be equally owned by the three partners, will be sited in NEOM , a new model for sustainable living located in the north west corner of the Kingdom of Saudi Arabia, and will produce green ammonia for export to global markets. million tons per year of green ammonia using Haldor Topsoe technology.