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GECF: more than a quarter of 2050 natural gas supply untapped

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To this end, the GECF Secretary General reiterated the GECF’s readiness to support the Turkmen industry as it undergoes transformation on the back of the future energy trends, digitalization, and climate action.

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Opinion: How Much Longer Can OPEC Hold Out?

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OPEC (Organization of the Petroleum Exporting Countries) has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. As per its state run oil company PDVSA, the country loses about $700 million a year with every $1 drop in the international oil price.

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Lifecycle study finds LNG can reduce shipping GHG emissions by up to 21%

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LNG does contribute to the International Maritime Organisation (IMO) GHG reduction targets. And it is clear that LNG is the most environmentally-friendly marine fuel that is readily available and safe, both today and in the foreseeable future. Moving from current Heavy Fuel Oil (HFO) to LNG does reduce GHG emissions.

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Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

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million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials. Analysts said these two decisions which were taken at the June meeting could lay the groundwork for future cooperation on bigger issues.

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UNICEF: 300M children worldwide breathing air exceeding WHO pollution guidelines by 6x or more

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Almost one in seven of the world’s children, 300 million, live in areas with the most toxic levels of outdoor air pollution—six or more times higher than international guidelines set by the UN’s World Health Organization (WHO)— according to a new UNICEF report. No society can afford to ignore air pollution.

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Volkswagen & Siemens launch joint electric mobility pilot project in Rwanda

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The success of our innovative and pioneering mobility solutions business has shown us that Rwanda has the potential to leapfrog the internal combustion engines into electric cars. Africa’s youth need sustainable jobs and better prospects for a future in their home countries. Ghana and Ethiopia are planned as the next locations.

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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

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Saudi Aramco’s investment of $300 billion in the next 10 years will, in large part, be focusing on the new technology needed to keep existing projects running while opening up new volumes in the future. With increased demand for crude oil and petroleum products still shown in all international assessments, the market will need to react.

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