OPEC+ stuck to its plan to lift output by 400,000 barrels a day for February after it cut estimates for a surplus in the first quarter. Oil has made a positive start to the year as concerns about the hit to demand from the omicron virus variant eased and major economies continue to rebound from the pandemic, […]
Australia, which is profiting from surging gas prices in Asia, remains the largest liquefied natural gas supplier to North Asia. “Chinese buyers have been very active this year in securing long-term LNG contracts, primarily with the US and Qatar, but not with Australia. In October it was the largest supplier to China, Japan, Korea, and […]
Woodside has secured a lease and option to purchase 94 acres of vacant land in Ardmore, Oklahoma, to underpin future development of its proposed H2OK project. Woodside has completed preliminary design of the modular, scalable production facility and is evaluating tenders to enable commencement of front-end engineering design before the end of this year. …Read […]
Further out, though, carbon molecules do have value, for instance in the production of carbon nanotubes or methanol production. Trading schemes, such as the EU ETS, will do much to highlight the commercial appeal of companies taking steps to manage their emissions. Delta aims to help reduce company’s emissions exposure but also develop new credits […]
Oil producers to cement manufacturers are stepping up efforts to deploy carbon capture projects as they come under pressure to accelerate work to curb emissions. Spot Australian carbon credit units, equivalent to one ton of CO2, traded at A$36 on Nov. …Read the full story
Thousands of delegates will gather in Glasgow in a few days for United Nations talks aimed at staving off catastrophic climate change. But the important work has become mired in controversy because financial backers sometimes make unrealistic claims about the environmental savings the projects deliver — and use that as a license to justify ongoing […]
It’s unclear when the market will begin operating, a spokesperson with the Shanghai Environment and Energy Exchange, which will host trading, said Monday. Trading won’t now happen until after July 1 because of a lack of organization, according to a person familiar with its development. The Ministry of Ecology and Environment, which oversees the carbon […]
Southeast Asia is emerging as a hotspot for global solar investment with over $10 billion invested just last year. Vinutha Hosur, head of strategy for APAC at German-based renewable energy company BayWa, told the Wood Mackenzie summit that the region has become a hotspot partly because it has the sunniest belt in the world compared […]
Although 2020 was originally forecast to be a break-out year for wind power in India with a large pipeline and multiple policy interventions to ease bottlenecks, the impact of the COVID-19 pandemic was much more severe than anticipated. …Read the full story
At government level, the impact that CPPA deployment by significant energy consumers can have on hitting national and multinational renewable energy and emissions targets, has not gone unnoticed. CPPAs invariably contain requirements on the generator to provide evidence that the electricity is from a renewable or clean source, for example through the use of guarantees […]
