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Global wildfires pump out four times more CO2 than aviation sector
Raging wildfires exacerbated by climate change are pumping out vast quantities of carbon dioxide and dramatically reducing tree cover. This creates a fires-climate feedback loop. Northern latitudes are especially susceptible.
South Africa’s power utility Eskom advances plans for small modular nuclear reactors
South Africa’s state-owned power utility Eskom has announced its plans to build a demonstration modular nuclear reactor as part of the country’s strategy to increase nuclear power generation in its energy mix and reduce CO2 emissions.
European Commission in no rush to step in and settle Lukoil transit ban dispute
Ukraine’s recent sanctions have barred Lukoil from using the country for transit, affecting both Hungary and Slovakia.
Plants absorbing less carbon dioxide in 2023, accelerating global warming
Plants and trees' ability to absorb carbon dioxide fell dramatically in 2023, due to increased heat stress in vegetation, a new study revealed.
Eni receives regulatory approval for $500mn sale of NAOC to Oando
Eni has received regulatory approval from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to sell its subsidiary Nigerian Agip Oil Company Limited (NAOC) to Oando.
Ukraine war makes Caspian Sea environmental crisis worse
The war in Ukraine is making a growing environmental crisis in the Caspian Sea worse, claims Zaur Shiriyev, a scholar at the Carnegie Russia Eurasia Center. Pollution from the war is making an already bad situation worse.
Slovakia threatens Ukraine with retaliation over halted Russian oil imports
Ukraine’s tightened sanctions against Russian oil giant Lukoil have led to a decreased flow of Russian oil into Hungary and Slovakia.
Will Venezuela’s Maduro go out with a bang or a whimper?
Venezuela’s crucial election on July 28 pits incumbent Nicolas Maduro against opposition leader Edmundo Gonzalez. With long-running economic turmoil and political repression under Chavismo, the nation faces a pivotal decision.
How energy intensive are data centers?
While countries like China and the United States had the highest electricity demand by a considerable margin, a new player that rivals the consumption of some of the biggest economies and is bolstered by the ongoing AI hype and data center use.
Earth records hottest year since records began
Sunday, July 21 was the hottest day ever recorded globally in 100,000 years according to the EU climate monitoring service Copernicus, warning that the Climate Crisis is accelerating.
Six out of nine “planetary boundaries” have been crossed and a tenth has appeared
Six out of the nine “planetary boundaries” that track how close humanity is coming to the environmental disaster have been crossed. And now there might be a tenth boundary: the amount of oxygen in oceans is starting to fall.
China builds melt-down proof “pebble-tech” nuclear reactor
China has built what it claims is a melt-down-proof nuclear reactor that would remove one of the main objections to building more nuclear power stations to tackle the accelerating Climate Crisis.
Naturgy strikes Algerian gas deal, predicts strong results this year
Spanish energy group Naturgy announced on July 23 it had reached a deal with Algeria’s national oil and gas company Sonatrach setting prices for gas deliveries in 2024.
Indonesia looks to break decade-long hiatus on purchasing Russian oil
Pertamina, the Indonesian state-controlled refiner, is said to be on the lookout for Russian oil grades for what will be the first time in years, according to three traders
MOL’s chief fumes over "temporary" windfall tax and criticises Viktor Orban's economic policy
MOL’s chief Zsolt Hernadi, an ally of Viktor Orban, strongly criticised the government’s windfall taxes, which were supposed to be phased out in 2023 but will be maintained for energy companies, retailers and banks in 2025.
MEOG: Jordan seeks Iraq supply renewal
Hungary faces energy crisis, after Ukraine cuts off Russian oil deliveries
Hungary's Foreign Minister Peter Szijjarto has warned that a durable solution is urgently needed following Ukraine's decision to cut off oil deliveries from Russia’s Lukoil, causing a significant disruption to Hungary's oil supply.
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