So, global G ... … …[Editor’s Note: Global carbon dioxide emissions declined 7% globally last year and it wasn’t just COVID. So, why the panic and why is China going fossil?] Due mainly to the lockdowns from the coronavirus pandemic, carbon dioxide emissions are estimated to have declined by 7 percent globally in 2020, while U.S. carbon
Read More...... … …[Editor’s Note: Helium resources essential to MRI imaging are invaluable and obtained via natural gas extraction. It’s why fractivism is a dangerous thing.] Liquid helium, an inert gas extracted from natural gas harvesting, is essential in Magnetic Resonance Imaging (MRI) equipment because it is cold enough to provide the levels of superconductivity required in MRI scanners. Without oil and
Read More...... … … [Editor’s Note: China let its virus loose upon the world and is now using it to build energy reserves, while pretending to be a renewables leader.] China is considered a developing country for purposes of the Paris Accord and certain trade treatments, despite it being the second largest economy in the world.
Read More...... … … Editor’s Note: EVs are PC in places such as California and New Jersey where Democrat governors are eager to buy into Joe Biden’s electric vehicle scheme. New Jersey is following California’s lead in banning the sale of gasoline-powered vehicles by 2035 in line with Democratic Party presidential candidate Joe Biden’s push for
Read More...French energy major Total posted on Thursday losses of over $8.37 billion during second-quarter driven by impairments, lower hydrocarbon prices and production levels, Kallanish Energy reports. The net loss compares to a net profit of $2.76 billion during the same period last year, as “exceptional circumstances” led to asset impairments totalling $8.1 billion. The majority
Read More...Antero Resources has reported a GAAP net loss of $463 million or $1.73 per share in the second quarter 2020, Kallanish Energy reports. That compares to a net income of $42 million or 14 cents per share in 2Q 2019. The company has not curtailed any prediction due to the coronavirus pandemic and resulting low
Read More...... … … [Editor Comment: Pipelines here at home in the U.S. are ever harder to get done as extremist opponents tie them up in courts, but China is moving ahead ever faster.] While pipelines in the United States face increasingly hostile legal challenges, China is seeing the importance of a national oil and natural
Read More...Belgium shipping company Exmar is considering the best way to defend its interests in a dispute with Argentina’s YPF, Kallanish Energy reports. The company said last week it received notification of force majeure from YPF under the Charter Agreement and Services Agreement they hold for the Tango FLNG barge. Exmar said the move is “unlawful,” and
Read More...Russia’s Sakhalin Energy, the operator of the Sakhalin-2 liquefied natural gas (LNG) project, has commenced a one-month maintenance project at the plant, Kallanish Energy reports. The maintenance activities will be carried out at the Lunskoye-A offshore platform, the onshore processing facility (OPF), booster station No. 2 and the LNG plant. In a statement the company
Read More...The Covid-19 pandemic has dealt a massive blow to countries around the world and brought up “worrying implications” for clean energy transitions, the International Energy Agency (IEA) said in a new report. The crisis is chocking economies and significantly impacting the energy sector, the Paris-based agency said. Unprecedented action and leadership from governments, companies, and
Read More...EU’s commissioner for energy, Kadri Simson, told the bloc’s energy ministers on Monday that there is a strong link between technology, recovery, and climate-neutral ambition. Simson discussed Europe’s €750 ($846.3) billion coronavirus recovery fund and the role of clean energy technologies for the future low carbon economy. She described it as a “sizeable, balanced plan,
Read More...Mozambique’s national petroleum institute INP said on Thursday the country’s natural gas and liquefaction projects remain in line with the schedule agreed between the government and investing companies. INP’s chairman Carlos Zacarias told a press conference a day earlier that despite the suspension of activities in Afungi due to the Covi-19 pandemic, implementation activities for
Read More...Germany announced it will invest €9 billion ($10.2 billion) to boost its hydrogen strategy, aimed at becoming a global supplier of “state-of-the-art” hydrogen technology, Kallanish Energy reports. The coalition government agreed late on Wednesday a €130 billion ($147.3 billion) coronavirus recovery stimulus package. The program is geared to climate change mitigation and promoting the technologies
Read More...The Trump administration provided a major boost to developers of renewable energy, in the wake of the coronavirus pandemic, Kallanish Energy reports. The U.S. Treasury Department and the Internal Revenue Service last week issued a Notice 2020-41 to provide tax relief to affected taxpayers involved in solar and wind projects by extending the safe harbor
Read More...The number of drilling rigs in the United States continued to plummet, Kallanish Energy reports. The total dropped by 17 in the count released last Friday by Baker Hughes, the Texas-based well services company. There were 301 rigs at work in the U.S., down from 318 on May 22. A year ago, there were 984 rigs at work. That
Read More...