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Energy News

EU's Borrell says Turkish gas drills off Cyprus 'must stop'

- European Union foreign policy chief Josep Borrell said Thursday that "illegal" Turkish drilling for gas off the divided island of Cyprus "must stop", as he met Cypriot officials in Nicosia.

US energy laggards still not Paris compliant: analysis

Paris - US-based oil and gas majors are lagging well behind their European counterparts when it comes to plans for cutting emissions to comply with the Paris climate deal, according to analysis released Wednesday.

Uproar as Uganda pursues plan to dam waterfall in national park

Ndaro - The boat edged as close as possible to the deafening surge of water roaring over Murchison Falls, giving tourists a hair-raising shot of one of Africa's awesome and terrifying natural spectacles.

Venezuela raises fuel prices after arrival of Iranian oil tankers

Caracas - Venezuela will increase fuel prices in June, the president said, putting a limit on state subsidies that for decades had allowed citizens to fill their gas tanks virtually for free.

Are oil prices over the worst of the crisis?

London - World crude prices have staged a modest recovery from last month's dizzying collapse, prompting analysts to wonder whether the worst of the 2020 oil crisis is over.

Renewable energy should be at the heart of virus recovery plans: IEA

Paris - The International Energy Agency on Wednesday called on governments to put clean energy at the heart of their coronavirus economic recovery plans, as it forecast the first slowdown in new renewable power installations worldwide in two decades.

Impact of COVID-19 and household energy bills revealed Special

One impact of the lockdown is a rise in energy bills for most people who are staying in or working from home. To measure the degree of the impact upon consumer spending, environmentalist Mark Sai presents some data to Digital Journal.

Oil-hungry Asian nations pounce on low prices to build stockpiles

Fpo - Some oil-hungry Asian nations are taking advantage of the collapse in prices caused by the coronavirus pandemic to build up their crude stockpiles.

Crude extends rally as output cuts begin

Fpo - Oil prices rose Friday as massive output cuts began to kick in and top producers said they would turn the taps lower, while there were also hopes for a pick-up in demand as economies slowly reopen.

COVID-19 to cause record emissions fall in 2020: IEA

Paris - COVID-19 is expected to cause global energy emissions to fall a record eight percent this year due to an unprecedented drop in demand for coal, oil and gas, the International Energy Agency said Thursday.

Oil rebounds above $14 after massive sell-off

Fpo - US oil prices rebounded above $14 a barrel Wednesday, a day after a sell-off sparked by a major fund selling its short-term holdings of the commodity amid virus-triggered storage concerns.

Impact of the coronavirus on the African oil and energy market Special

Coronavirus is impacting heavily on every sector of the economy. But how are different sectors responding and how can responses be coordinated? We take a look at Africa's energy sector with NJ Ayuk.

Trump orders plan to fund US oil companies

Washington - President Donald Trump on Tuesday ordered his administration to come up with a plan to aid US oil companies struggling with a massive supply glut and record-low crude prices."We will never let the great U.S. Oil & Gas Industry down," Trump tweeted....

Saudi Arabia wins oil price war — at a huge cost

Apo - Saudi Arabia may have won a brief no-holds-barred oil price war with Russia, but observers say it hastened a coronavirus-led energy slump despite a subsequent historic deal to slash production.

US oil prices tumble into negative territory for first time

New York - Oil prices ended New York trading in the negative on Monday for the first time ever, as a supply glut forced traders to pay others to take the commodity.

Paris climate goals failure 'could cost world $600 tn'

Paris - Nations' failure to fulfil the promises they made in the Paris climate agreement to make drastic emissions cuts could cost the global economy as much as $600 trillion this century, new analysis showed Tuesday.

Putin says Russia ready to cooperate on cutting oil production

Moscow - Russia is ready to cooperate with Saudi Arabia and the United States to cut oil production, President Vladimir Putin said Friday.

Oil crash: Saudi Arabia's risky price war

Apo - Saudi Arabia sent energy markets into a tailspin Monday after slashing crude prices, a risky gambit to sideline competitors including Russia that will test the fortunes of Crown Prince Mohammed bin Salman.

Oil plunges most since Gulf War on Saudi-Russia standoff, virus

London - Global oil markets plunged almost a third Monday, the biggest drop since the 1991 Gulf War as Saudi Arabia slashed prices in a battle for market share after Russia rejected OPEC calls for deep output cuts.

Russia steps in to support tumbling ruble

Moscow - The Russian ruble tumbled Monday to a four-year low amid a crash in oil prices as authorities rushed to assure the public the country has accumulated enough funds to withstand the blow.The ruble fell 9.

Coronavirus to cause first annual decline in oil use in decade: IEA

Paris - The world is set for its first annual decline in oil consumption in more than a decade due to the impact of the coronavirus outbreak, the IEA said Monday.

Rust and light lead to improved hydrogen fuel production

Researchers have identified a new, and more efficient means, for of producing hydrogen directly from an organic waste solution. This is by using a catalyst formed from rust, with the help of light.

Major growth predicted for energy storage market

Energy can be stored and transferred, and it is tapping into this storage potential that is interesting technologists and business investors. This is especially important for renewables as many have only intermittent generation profiles.

OPEC to try to stem oil price plunge amid coronavirus slowdown

London - The OPEC club of oil-producing countries meets Thursday in Vienna as they weigh how to react to a sharp drop in global oil demand due to the outbreak of the new coronavirus.

Three new technologies to take solar power forwards

Solar cells are becoming thinner and the production methods are accelerating. These are two innovations designed to lower costs while meeting global demand. As solar energy use grows, we look at three new developments.

The ‘anti-solar cell’ that works at night developed

Imagine if a 'solar cell' could work at night? Sounds improbable, given the basis of solar technology is to absorb the light of the Sun. Yet researchers have designed a photovoltaic cell that can generate 50 watts of power per square meter at night.

France begins shutting down oldest nuclear plant

Fessenheim - French state-owned energy giant EDF on Saturday began shutting down the country's oldest nuclear power plant after 43 years in operation.

UAE loads fuel rods at Arab world's first nuclear plant

Abu Dhabi - The United Arab Emirates has started loading fuel rods into the first reactor at its Barakah nuclear plant, operators said Wednesday, two days after regulators gave the green light.

Smog veils Central Asia cities as smoky stoves choke locals

Bichkek - Snow-capped peaks used to be clearly visible from the streets of Almaty and Bishkek, two of the largest cities in Central Asia that both lie in plains surrounded by mountains.

Cuba burning tires to power factory as US oil sanctions bite

Havana - The Cuban government has ordered a cement factory to burn old tires to power its operations and save on oil, amid a worsening fuel shortage brought on by US sanctions on the Communist island.
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Reactors 3 and 4 at Oi Nuclear Power Station  Japan. Power-down of reactor 4 on September 15  2013 c...
Reactors 3 and 4 at Oi Nuclear Power Station, Japan. Power-down of reactor 4 on September 15, 2013 could mark the end for nuclear power in Japan.
Wikimedia Commons (CC BY-SA 3.0)
The floating turbine offshore of the Goto Islands.
Photo: 09/21/2012
The floating turbine offshore of the Goto Islands. Photo: 09/21/2012
Japanese Ministry of Environment
Workers connect the turbines’ power and data systems to an existing 16MW subsea export cable at th...
Workers connect the turbines’ power and data systems to an existing 16MW subsea export cable at the Fundy Ocean Research Centre for Energy (FORCE). This cable is connected to the onshore substation.
Cape Sharp Tidal
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EIA
Getting ready to deploy the giant turbine into the Bay of Fundy.
Getting ready to deploy the giant turbine into the Bay of Fundy.
Cape Sharp Tidal
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Correct the Record
Artist s impression of the core of a laser-ignited hydrogen-boron fusion reactor.
Artist's impression of the core of a laser-ignited hydrogen-boron fusion reactor.
Media Office, UNSW Sydney NSW 2052 Australia
Smart meters need a rethink  say researchers
Smart meters need a rethink, say researchers
University of Bath
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CERAWeek
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University of Cambridge
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NREL
Aerial view of ITER project on June 17  2019.
Aerial view of ITER project on June 17, 2019.
ITER
Robert F. Kennedy Jr.
Robert F. Kennedy Jr.
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DOE/ARPA-E
Map of the Colonial Pipeline.
Map of the Colonial Pipeline.
EIA
A Pemex gas station in Rancho Salvador Sol Torres  Jalisco  Mexico in 2005.
A Pemex gas station in Rancho Salvador Sol Torres, Jalisco, Mexico in 2005.
en:User:Coolcaesar (CC BY-SA 3.0)
Untitled
Uptake Technologies
UNSW s Heinrich Hora (centre) visiting Shanghai Guangji University in 2014.
UNSW's Heinrich Hora (centre) visiting Shanghai Guangji University in 2014.
UNSW Sydney
The Peterhead Carbon Capture and Storage (CCS) project in  Aberdeenshire   UK.
The Peterhead Carbon Capture and Storage (CCS) project in Aberdeenshire, UK.
Penn Energy
Smart meters need a rethink  say researchers
Smart meters need a rethink, say researchers
Pexels / Life Of Pix

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