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What’s Going On With Saudi Arabia and the Petrodollar?

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On June 9th, Saudi Arabia decided against renewing a deal with the United States to continue trading oil in U.S. Earlier this month, news broke that Saudi Arabia (the world’s largest oil producer after the U.S.) chose not to renew its 50-year petrodollar deal with the United States. weapons systems.

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Aramco, Shandong Energy to collaborate on downstream projects in China; cooperation across H2, renewables and carbon capture technologies

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The Saudi Arabian Oil Company (Aramco), one of the world’s leading integrated energy and chemicals companies, and Shandong Energy Group, are exploring collaboration on integrated refining and petrochemical opportunities in China. Shandong Energy Group is the third-largest coal mining group in China in terms of production volume.

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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. kg starting from the 2030s, decreasing to around €2.3/kg kg in the longer term.

Europe 370
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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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bp released the 70 th annual edition of the bp Statistical Review of World Energy ; the data collected in this year’s edition includes energy data for 2020. The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. million b/d) and non-OPEC (-2.3

2020 397
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Air Products announces multi-billion dollar net-zero blue hydrogen energy complex in Edmonton, Alberta

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in conjunction with the Government of Canada and the Province of Alberta, announced a multi-billion dollar plan to build a landmark new net-zero blue hydrogen energy complex. Canada’s clean energy diversification strategy and regulatory framework make clear that hydrogen is a key enabler for carbon neutrality by 2050. blue hydrogen).

Hydrogen 450
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Louisiana Governor and Air Products announce US$4.5B blue hydrogen clean energy complex in Eastern Louisiana

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billion clean energy complex to be built in Louisiana that will make the state a leader in the US clean energy transition. Air Products has already received approval from the State Mineral and Energy Board, which is part of the Louisiana Department of Natural Resources, for the permanent sequestration of the CO 2.

Louisiana 391
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Baker Institute team says fossil fuel subsidies need global reform

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Fossil fuels still receive most of the international government support provided to the energy sector despite their “well-known environmental and public health damage,” according to new research from Rice University’s Baker Institute for Public Policy. Costs ranged from a low of 0.3% Costs ranged from a low of 0.3%