On October 13th,the International Energy Agency(IEA)announced today that the risk of oil supply disruptions due to the conflict between Israel and Hamas is limited,and the IEA is ready to intervene in the market if necessary. The attacks launched by Hamas on Israel over the weekend and Israel’s military retaliation have resulted in thousands of deaths

According to the Netherlands Central Bureau of Statistics,in the first half of 2023,the total electricity generation in the Netherlands reached 59.7 billion kilowatt hours,of which renewable energy generation increased to 27.6 billion kilowatt hours,a year-on-year increase of 14%,accounting for 46%.In renewable energy,solar power generation increased by 25%year-on-year to 11 billion kilowatt hours,mainly because more and

According to the Associated Press,the US Department of Energy has announced an investment of$325 million in the development of new batteries to convert solar and wind energy into 24-hour stable electricity.This funds will be allocated to 15 projects in 17 states and a Native American tribe located in Minnesota. Batteries are increasingly being used to

British oil and gas producer Ithaca Energy has recently reduced investment and postponed some oil and gas projects this year and next due to the UK government imposing a windfall tax on the oil and gas industry. The windfall tax,also known as the energy profit tax,has forced many oil and gas companies operating offshore in

The Israeli Ministry of Energy and Infrastructure stated in a latest statement that Israel plans to incorporate an additional 2 GW of renewable energy generation into the national grid. The government of the country stated that the main reason for the suspension of grid connection of newly built renewable energy power plants is grid congestion,and

The 2023 Energy White Paper released by the Japanese government recently pointed out that by 2025,LNG supply and demand will further tighten,and the global”LNG competition”will continue. Since the geopolitical conflict,Europe has continuously expanded its sources of natural gas imports,leading to a tightening of global LNG supply and demand.Since 2015,in order to achieve decarbonization goals,global natural

U.S. independent shale oil producers invested in output growth in the second quarter at the fastest rate in three years, a departure from the fiscal discipline that’s been the industry’s focus, according to a report from research firm Rystad Energy. Reinvestment rate surged to 72% in the second quarter, highs not seen since 2020, according

·     The catalyst, primarily made of cheaper cobalt, replaces costly iridium in Proton Exchange Membrane (PEM) electrolyzers. ·     Giner Inc. tested the catalyst under industrial conditions, noting its superior performance and durability. ·     This innovation supports the DOE’s Hydrogen Energy Earthshot initiative, aiming to drastically reduce green hydrogen production costs. An Argonne

Despite rising investments in conventional oil and gas exploration, discovered volumes are falling to new lows. That’s what Rystad Energy research shows, the company highlighted in a new release sent to Rigzone, adding that its estimates show that in the first half of 2023, explorers found 2.6 billion barrels of oil equivalent (boe), which the

Six major oil companies – ExxonMobil, bp, Shell, TotalEnergies, Eni, and Chevron – are poised to play a significant role in global exploration activities this year. According to industry forecasts by Rystad Energy, these major players are expected to collectively spend approximately US$7 billion on exploration in 2023, marking a notable 10% increase compared to