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BNEF: cost of new renewables rises as inflation starts to bite

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Despite temporary cost rises for renewables, the gap to fossil fuel power generation continues to widen due to fuel and carbon prices rising even faster. New-build onshore wind and solar projects are now around 40% lower than BNEF’s global benchmarks for new coal- and gas-fired power. More recently, labor costs started to rise.

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MIT study cautions smaller nations on rushing to develop their natural gas resources; Cyprus as model

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Based on the interim results of a new study, MIT researchers are warning smaller nations to proceed with caution in pursuing the development of their natural gas resources. The interim report analyzed the economics of natural gas project development options in Cyprus with a focus on exports. —Sergey Paltsev.

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COP27 Ends – How can Smart Energy Management for EV Charging Help?

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COP27 Ends with Loss and Damage Fund Agreement, US Commitments on Transportation Electrification; Smart Energy Management for EV Charging can Help. As the 2022 United Nations Climate Change Conference COP27 came to an end, we found ourselves thinking about the role smart EV charging energy management has to play in protecting the planet.

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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

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Commenting on the news, Richard Thompson, Editorial Director at MEED, part of GlobalData, said: For nearly a century, the Gulf’s abundant supplies of accessible hydrocarbons has put it at the center of a gas-guzzling global economy. Until green hydrogen becomes price competitive, it cannot fulfil its promise. Many more will follow.

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Syrian oil ministry announces oil shale tender

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The General Establishment for Geology and Mineral Resources has carried out the primary exploration studies which included digging wells as well as chemical and metallic lab studies to test the thermal energy content and the oil content in the crude shale. According to The Oil and Gas Journal , Syria had 2.5

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IHS Markit identifies 5 billion barrels of oil equivalent in short-cycle opportunities outside North America

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New energy research from business information provider IHS Markit has identified more than five billion barrels of oil equivalent (BOE) in numerous smaller, previously bypassed, or underperforming reservoirs outside North America that offer oil and gas operators a shorter-cycle path to production than new, frontier projects in undeveloped areas.

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Celanese sees new TCX ethanol process as key component in future growth; a paradigm shift in ethanol production

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TCX is the company’s new proprietary technology for ethanol production that builds on its acetyl platform and integrates new technologies to produce ethanol using basic hydrocarbon feedstocks—natural gas, coal and pet coke now, with biomass and waste planned for the future. Earlier post.). Source: Celanese. Click to enlarge.

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