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LatAmOil: US oil policy on Venezuela to remain steady despite disputed election, official says
Asian LNG imports climb as demand in Europe remains muted
Asia is poised to post its highest LNG import numbers since the start of the year in July as demand surges despite rising spot prices in the region.
Burning forests and reduced carbon uptake by plants failed to mitigate climate change in 2023
Forests and other land ecosystems failed to mitigate climate change in 2023, as severe drought in the Amazon rainforest and record wildfires in Canada hindered their natural capacity to absorb carbon dioxide.
The West is bleeding the Global South of wealth thanks to massive wage inequality, says study
The developed markets of the West are bleeding the Global South of wealth thanks to massive differences in nominal wages, according to a new study published in Nature Communications.
Wind and solar to make up 40% of China’s power capacity by year-end
Wind and solar power accounted for 38.4% of China's overall installed capacity in the first half of the year, surpassing coal-fired capacity, which fell to 38.1%, according to a report by the China Electricity Council (CEC).
The AMOC Gulf Stream current may collapse as soon as 2025, says study
A new study predicts the AMOC (Atlantic Meridional Overturning Circulation), a oceanic current that brings warm water to the northern Atlantic, could collapse as soon as 2025, ushering in a new ice age in northern Europe.
Energo: Russia prepares $25bn initiative to substitute equipment and tech in the energy sector
Russia prepares $25bn initiative to substitute equipment and tech in the energy sector
Russia’s flagship national initiative to achieve “technological sovereignty” in the energy sector, overcoming dependence on Western technology, is set to cost RUB2.14 trillion ($25bn) between now and the end of the decade.
Russia’s Gazprom offers to make Iran a global gas hub
The recently signed gas supply deal between Russia and Iran could shake up the international gas market in a big way if the Kremlin gets its way.
Permafrost thaw accelerating climate change, studies warn
Russia’s permafrost is melting but the ground is still frozen, trapping gigatonnes of primoradial CO₂ in the ice. However, as temperatures rise, the Arctic regions are already releasing more carbon dioxide than they are absorbing.
Global solar panel glut caused by Chinese overproduction
There is an overproduction of solar panels worldwide, with production capacity exceeding demand by 2 TW. This surplus has led to falling prices.
EurOil: ExxonMobil, Shell exit Dutch North Sea
Ghana inaugurates 16.82-MW rooftop solar plant, Africa's largest
Ghana's renewable energy sector received a significant boost with the inauguration of a 16.82-MW rooftop photovoltaic solar plant in Tema, marking the largest single rooftop solar installation in Africa.
US, UK called out on hypocrisy on climate pledges as they ramp up oil and gas exploration to record levels
The US and UK have been accused of hypocrisy as they blow through their carbon budget allowances and issue record amounts of oil and gas exploration licences, The Guardian reports, according to a new report from energy consultant Rystad and the IISD.
Sea levels rise 10 cm since 1993 as ice caps melt
Sea levels are now 10 cm higher than in 1993, and the rise is accelerating, according to new high-resolution satellite measurements by NASA.
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