By Tsvetana Paraskova – Jun 11, 2019, 11:00 AM CDT The United States saw its crude oil and liquids demand jump in 2018 at its fastest pace in over a decade on the back…
Tag: climate change
Erratic Weather Boosts Energy Demand, Denting Climate Goals: BP
LONDON — Extreme temperatures around the globe drove a sharp acceleration in energy demand and carbon emissions last year, oil giant BP said on Tuesday, issuing a stark warning that the world…
Saudi Arabia, Russia agree on joint private sector projects: Al-Falih
Saudi Arabia has agreed with Russia to launch several initiatives and set up joint investment and production projects by private sector firms in both countries, Energy Minister Khalid Al-Falih said on his Twitter account….
Exxon Mobil proceeds with Argentina expansion project in Vaca Muerta basin
IRVING, Texas – Exxon Mobil is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block. The project is expected to produce up to 55,000 boed within five years…
Prime Minister agrees legally binding net-zero emissions target for 2050
Announced on Tuesday night (11 June), the Prime Minister revealed that the statutory instrument to amend the Climate Change Act of 2008 to account for a net-zero target by 2050 will be…
Global emissions climbed at highest rate in seven years in 2018, BP says
Global carbon emissions jumped the most in seven years in 2018 as energy demand surged, according to BP’s annual review of world energy, indicating the world is falling behind in its efforts…
5 extreme trends that will affect oil in the next 5 years
Opinion byTheo Priestley The Oil & Gas industry is synonymous with the word ‘extreme’ but in many ways that term doesn’t translate well when it comes to keeping up with the latest…
OPEC Still Gridlocked on Meeting Date Amid Iran-Saudi Schism
With just two weeks remaining before they’re supposed to gather in Vienna, OPEC and its allies are still struggling to settle on a meeting date. It’s the latest example of how bitter…
Oil, gas and fake news on the airwaves last night
Oil and gas industry = good. Foreign Policy Magazine = not good. Those were the main messages on the airwaves last night. Al Hayah Al Youm’s Lobna Assal focused on Oil Minister Tarek…
OPEN LETTER TO UN SECRETARY GENERAL ANTONIO GUTERRES
His Excellency António Guterres Secretary-General United Nations United Nations Secretariat New York, NY 10017 U.S.A. Re: Maritime Boundary Disputes in the Eastern Mediterranean: Crises and Opportunities Excellency: I write to request your…