China, the world’s biggest buyer of liquefied natural gas, kicked off an unprecedented effort to resell its supply, alleviating global fuel shortage fears that have sparked record prices this winter. Two of China’s biggest state-owned LNG importers released tenders this week offering to sell dozens of cargoes for delivery through November. With the end of
0 Comments
Offshore wind turbines in waters near Aberdeen, Scotland. Gannet77 | E+ | Getty Images The Scottish offshore wind sector received a boost this week after a program to lease areas of Scotland’s seabed for wind farm developments raised just under £700 million (around $952 million). According to Crown Estate Scotland — a public corporation which
0 Comments
Global oil markets look tighter than previously thought as demand suffers surprisingly little impact from the latest coronavirus strain while supplies are curbed by disruptions, the International Energy Agency said.  The surplus facing world markets this year is shrinking, with oil demand — slightly upgraded from last month — on track to hit pre-pandemic levels
0 Comments
By Joey Klender Posted on January 18, 2022 Tesla’s importance as an automotive company is undoubtedly one of the most crucial in the storied history of car manufacturing. While Tesla’s influence undoubtedly shifted many legacy car companies to consider electrification as a potential outlet for growth and evolution, Jefferies analyst Phillippe Houchois says that now
0 Comments
Energy supermajor BP has handed in the decommissioning plan for the iconic Petrojarl Foinaven FPSO located West of Shetland. BP decided in April 2021 to retire the Petrojarl Foinaven FPSO due to safety issues. The FPSO will be taken off station and handed back to its owner Teekay in 2022. To remind, the UK Health and
0 Comments
As we head into the beginning of 2022, there are a number of exciting new electric vehicle models on the market. These highly-anticipated EVs have recently made their debut and are now available to consumers. From a truck that can handle any terrain to a luxury car with more than 500 miles of electric range,
0 Comments
Canada will face challenges in retaining its status as a global oil and gas power in a world transitioning toward net zero carbon emissions by mid-century, the International Energy Agency said.  The country, holder of the world’s third-largest oil reserves,  seeks to remain “a major global oil and gas supplier” beyond 2050 even as countries,
0 Comments
By Joey Klender Posted on January 14, 2022 The University of Michigan Chemical Sciences and Engineering team, led by Professor Nicholas Kotov, has developed a “new biologically inspired battery membrane” with recycled Kevlar fibers that could quintuple electric vehicle ranges and have a lifespan of 1,000 cycles. The Ann Arbor, Michigan research facility is one
0 Comments