Energy

The Philippines’ Misguided Plan to Stop South China Sea Tensions

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Cooperating on oil won’t work – but fishing might. Former Philippine president Fidel Ramos was in Hong Kong earlier this month to meet his “old friends” in hopes of breaking ice with Beijing. In a statement issued Thursday, Ramos and his interlocutors, including prominent Chinese diplomat Fu Ying, said they discussed the… Source: The Philippines’ Misguided Plan to Stop South China Sea Tensions | International Crisis Group Read More »

Egypt Discovery Transforms Petroleum Outlook in Eastern Mediterranean

When it comes to oil and gas exploration and production, Egypt is in a different league than its neighbors in the Eastern Mediterranean. CAROLE NAKHLE Its oil activity spans more than one century and the country enjoys a colorful corporate landscape where large and small international companies and national companies cooperate and continue to make significant discoveries. From a regional perspective, having such a major competitor right at their… Source: Egypt Discovery Transforms Petroleum Outlook in Eastern Mediterranean – Carnegie ... Read More »

Our planet is heating – the empirical evidence

In an entertaining and somewhat chaotic episode of ABC’s Q&A (Monday 15th August) pitting science superstar Brian Cox against climate contrarian and global conspiracy theorist and now senator Malcolm Roberts, the question of cause and effect and empirical data was raised repeatedly in regard to climate change. Watching I pondered the question – what would I need to change my… Source: Our planet is heating – the empirical evidence Read More »

Israel Gas exploration blocked due to friction with Lebanon

The fear of a clash with Lebanon is behind Israel’s moratorium on gas exploration to the north of its exclusive economic zone (EEZ), according to a report in the Israeli daily Yedioth Ahronot. Israel and Lebanon have no diplomatic relations but there is a 1949 cease-fire agreement that is violated from time to time. Despite that, the US government in recent years has tried to settle the… Source: Israel Gas exploration blocked due to friction with Lebanon Read More »

America Is Smashing Russia and OPEC’s Grip On The Oil Market

The shale gas revolution in the United States is overturning the old order. Anthony Fensom Far from being threatened by recent weak prices, America’s status as an emerging energy superpower has solidified in 2016, weakening OPEC’s grip over the… Source: America Is Smashing Russia and OPEC’s Grip On The Oil Market | The National Interest Read More »

EU to invest €187.5m in Estonia-Finland gas pipeline

The European Union (EU) is set to invest €187.5m in the first Estonia-Finland gas pipeline, which will be known as Balticconnector. EU will also support infrastructure that is needed to unite the energy markets. The new pipeline will put an end to the gas isolation of Finland and… Source: EU to invest €187.5m in Estonia-Finland gas pipeline – Hydrocarbons Technology Read More »

FactCheck Q&A: as the climate changes, are 750 million refugees predicted to move away from flooding?

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PETER SINGER: That is going to basically inundate every coastal city around the world, including, of course, all Australian major cities are coastal. It is going – estimated to cause something like 750 million refugees just moving away from that flooding. Never mind those who also because refugees because (indistinct)… VIRGINIA TRIOLI: Some of those claims are contested, of course? PETER SINGER: Well, they are contested but do you want to take the… Source: FactCheck Q&A: as the climate changes, ... Read More »

Cyprus to inform UN on Turkey’s latest threats regarding EEZ

Cyprus’ Foreign Ministry has started moving on its action plan in dealing with the new Turkish warnings regarding the third licensing round in the island’s Exclusive Economic Zone (EEZ). On Tuesday the Ministry reported that they would be sending a letter to the United Nations (UN) Secretary General, Ban Ki-Moon, on the matter… Source: Cyprus to inform UN on Turkey’s latest threats regarding EEZ | News Read More »

Why is the World Bank backing coal power in Europe’s youngest country?

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The World Bank is poised to support a new coal plant that would modernise Kosovo’s creaking energy infrastructure, but also lock the young nation into a future powered by a regressive fossil fuel.. In the early days of December 2015, as the Paris climate talks veered off course and off schedule, the US secretary of state John Kerry left his team of negotiators and flew to Kosovo to voice his support for a proposed US-built, World Bank-sponsored coal power station… ... Read More »

Brexit will force EU countries ‘to make deeper, costlier carbon cuts’

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Bloc will have to draw up new plan with higher cuts for remaining 27 states in order to meet its carbon reduction target, which could cost billions of euros.. Brexit will force the European Union’s remaining 27 countries to spend billions of euros on cutting carbon emissions more deeply to compensate for the UK leaving, according to experts… Source: Brexit will force EU countries ‘to make deeper, costlier carbon cuts’ | Environment | The Guardian Read More »

Estimated cost of Hinkley Point C nuclear plant rises to £37bn

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Critics point to volatility of scheme but energy department says price ‘will not affect bill payers’.. The total lifetime cost of the planned Hinkley Point C nuclear power plant could be as high as £37bn, according to an assessment published by the UK government. The figure was described as shocking by critics of the scheme, who said it showed just how volatile and uncertain the project had become, given that the same energy department’s estimate 12 months earlier had been ... Read More »

Somalia rides the ups and downs of a global oil crisis

Consumer benefits fuelled by low oil price, fail to reach poorest Somalis dependent on public transport.. Mogadishu, Somalia – Drivers in the morning rush hour in Mogadishu jostle for space to fill their tanks in one of the newly opened petrol stations in the city. An attendant shouts at the drivers, directing them: “Come forward a bit, a bit more. Stop.” These scenes are new to the city and its residents… Source: Somalia rides the ups and downs of a global ... Read More »

German government agrees to ban fracking after years of dispute

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Coalition government revived proposals after companies said last week they would push ahead with projects.. German politicians have approved a law that bans fracking, ending years of dispute over the controversial technology to release oil and gas locked deep underground… Source: German government agrees to ban fracking after years of dispute | Environment | The Guardian Read More »

World gas production increases – OPEC

Baku, Azerbaijan By Elena Kosolapova – Trend: The world marketable gas production has increased by 1.9 percent and neared 3.644 trillion cubic meters in 2015, as compared to 2014, according to OPEC Annual Statistical Bulletin 2015. The US became the largest marketable gas producer in 2015. The country’s marketable gas production increased by 5.3 percent in a year and stood at 768.83 billion cubic meters. Russia ranked second, as it produced 637.39 billion cubic meters of marketable gas in 2015, ... Read More »

Australia backs India to join nuclear supplier club, China hesitates

Australia will formally back India to join the club of nuclear suppliers at a summit in Seoul on Friday, a move that will finally lay to rest a bitter stoush over selling uranium to the nuclear armed giant. But China has signalled it could veto the bid because India has refused to sign the international treaty to stop the spread of atomic weapons… Source: Australia backs India to join nuclear supplier club, China hesitates Read More »

Turkish Stream: Will Russia’s energy interests overcome its political considerations?

Baku, Azerbaijan, By Aygun Badalova – Trend: The Turkish Stream gas pipeline project can be used as a tool for Turkey to normalize its relations with Russia, given the importance of Turkish gas market for Russia, says Agnia Grigas, energy and political risks expert, non-resident senior fellow at the Atlantic Council. Turkish Stream, meant to carry Russian natural gas to Turkey through the Black Sea, was suspended by Russia following the deterioration of the relations between Ankara and Moscow after ... Read More »