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Are You Ensuring the Responsible Use of Analytics for Ai-Backed Surveillance Systems?

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By: Jason Chiu In an era of digitization, artificial intelligence (AI) is increasingly prevalent in our daily lives. It’s also reshaping the energy industry by maximising operations and asset performance with advanced analytics. From personalized marketing to surveillance systems, the omnipresence of AI raises profound ethical questions. To ensure a balanced and conscientious approach, the …

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As ConocoPhillips’ Alaska Willow Project Advances, Two Local Governments Have Withdrawn Their Criticism

Conventional Energy, Latest, Oil, US News / By

The tribal and city councils in Nuiqsut withdrew their support for a joint letter they sent last year blasting the “endless expansion of oil development and the complete encirclement of our village.” ConocoPhillips’ CD-5 project was built before construction on Willow started, some seven miles from the Iñupiat village of Nuiqsut on Alaska’s North Slope. …

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EU’s Energy Security Drive May Have Gone Too Far

CDN and International News, Conventional Energy, Latest, LNG / By

MILAN, Jan 11 (Reuters Breakingviews) – Europe may have overplayed its energy security strategy. President Vladimir Putin’s 2022 attack on Ukraine exposed the European Union’s heavy dependence on cheap gas imported from Russia, chiefly via pipelines. To address the imbalance, the bloc rushed to add facilities to import liquefied natural gas (LNG) by sea from …

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China Dominates Renewable Energy and Coal Power Forecasts

CDN and International News, Conventional Energy, Latest, Oil, Renewable Energy, Solar, Wind / By

(Reuters) – China’s status as the colossus of renewable energy is set to be cemented in the next five years, with the world’s second-biggest economy adding more capacity than the rest of globe combined. The International Energy Agency said in its Renewables 2023 report, released on Thursday, that China will account for 56% of renewable …

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Norway’s Oil and Gas Companies to Step Up Exploration This Year

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Offshore, Oil / By

Country seeks to maintain position as a key supplier to Europe As many as 50 wells are expected to be drilled: directorate Norwegian oil and gas companies will drill more exploration wells this year as the country seeks to maintain its position as a key supplier to Europe. Between 40 and 50 wells are expected to be …

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LOOK OUT! Here Comes LNG as Big Spending Cements LNG in Energy Mix for Decades to Come

EnergyNow News and Press Releases, Latest / By

Bloomberg Hundreds of billions of dollars pumped into new gas plants in recent years will likely delay the shift away from fossil fuels. A huge wave of liquefied natural gas is about to flood a world that’s supposed to be transitioning away from fossil fuels. More than $235 billion has been plowed into the next slate of projects for the …

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U.S. Oil and Gas Boom Doesn’t Feel Like One to Workers

Conventional Energy, Latest, Natural Gas, Oil / By

Production is breaking records, but employment and real pay are down. By Justin Fox Justin Fox is a Bloomberg Opinion columnist covering business, economics and other topics involving charts. A former editorial director of the Harvard Business Review, he is author of “The Myth of the Rational Market.” Even amid record production, oil and gas …

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World to Get More Gassy Despite Energy Transition Momentum

Conventional Energy, Latest, Natural Gas, US News / By

(Reuters) – Nearly every major region is boosting investments in the infrastructure needed to increase the use of natural gas in power generation, despite global efforts to transition energy systems away from fossil fuels. Globally, more than $720 billion is to be spent on gas pipelines under construction or planned, and an additional $190 billion …

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Renewable Energy Growth Must Accelerate to Reach 2030 Goal – IEA

Latest, Renewable Energy, Solar, US News, Wind / By

(Reuters) – Global renewable energy capacity is expected to grow by two and a half times by 2030 but governments need to go further to achieve a goal of tripling it by then agreed at United Nations’ climate talks, the International Energy Agency (IEA) said. In its annual renewable energy outlook report, the IEA said …

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