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Today the International CCS Knowledge Centre sent the following open letter to government leaders in the United Kingdom, United States and Canada on behalf of many of the world’s leading environmental scientists, academics and experts on carbon capture and storage (CCS) regarding the importance of large-scale CCS as a safe, proven and economically viable tool for …

CCS is needed and ready to address climate change – open letter to international leaders Read More »

Oslo, 10 July 2023 – DNO ASA, the Norwegian oil and gas operator, today announced a significant gas and condensate discovery on the Carmen prospect in the Norwegian North Sea license PL1148 in which the Company holds a 30 percent interest. Preliminary evaluation of comprehensive data, including cores and fluid samples, acquired from the discovery well and a follow-on extended sidetrack …

Norway logs largest hydrocarbon discovery in 10 years Read More »

At a Circle K service station outside of Kongsberg, Norway, electric car charging stands outnumber gasoline pumps. It’s a scene that is steadily being replicated all over the Nordic country, offering a glimpse of what may be in store for drivers the world over in the years ahead.When it comes to electric vehicles, Norway is …

Oil is Hard to Quit, Even in Norway Where Electric Cars Rule the Road Read More »

Commentary By Gavin Maguire (Reuters) – Europe’s utilities generated a record 10.4% of electricity from solar sources in June, according to Ember, marking a more than doubling in solar’s share of the generation mix since 2018 and a key milestone for the continent’s energy transition efforts. However, the rapid growth in solar supply capacity throughout …

Column: Europe’s surging solar sector set for cannibalization risk Read More »

BY LEONARD HERCHEN Overview Economic signals continue to be a mixed set causing no consensus on the prospects for a recession or growth in 2023 or 2024. Last quarter, we speculated as to the factors that trigger new volatility in oil and gas prices are, by definition, unpredictable and no specific triggering event occurred. Consequently, …

GLJ July Price Forecast Read More »

(Reuters) – Oil prices climbed about 3% to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil. Brent futures rose $1.95, or 2.6%, to settle at $78.47 a barrel, while U.S. West Texas Intermediate crude (WTI) rose …

Oil Prices up 3% to 9-Week High on Supply Concerns Read More »

July 7 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in 10 weeks, due to the biggest weekly increase in gas rigs since October 2016, energy services firm Baker Hughes Co said in its closely followed report on Friday. The oil and gas rig count, an …

US drillers add oil and gas rigs for first time in 10 weeks -Baker Hughes Read More »

Global energy consumption has undergone a remarkable transformation since 1900. At first, most energy came from traditional sources like biomass and coal. But, with the advent of industrialization, electrification, and the rise of modern technologies, the demand for energy surged, leading to a significant shift towards fossil fuels, followed by a gradual diversification to include …

INFOGRAPHIC: Production Over Time: Coal, Gas and Oil – ENERGYminute Read More »

By Christoph Steitz and Nina Chestney FRANKFURT/LONDON, July 7 (Reuters) – Siemens Energy’s (ENR1n.DE) disclosure of quality issues in its newer wind turbine models has exposed broader challenges in a sector suffering from rushed development, soaring materials costs and a flawed market design. Siemens Energy shocked the wind sector in late June when it warned of faulty components and possible …

Analysis: Siemens Energy’s Turbine Troubles Rattle Wind sector Read More »

Truth: Preferences for S+W have made our grid embarrassingly vulnerable to heat waves—and cold snaps—that a fossil-fueled grid could easily manage. By Alex Epstein Myth: Solar and wind are helping save our grid from extreme heat caused by fossil-fueled climate change. Truth: Preferences for S+W have made our grid embarrassingly vulnerable to heat waves—and cold …

Myth: Solar and wind are helping save our grid from extreme heat – Alex Epstein Read More »