Reports
Japan plans to double the share of renewable energies in the power grid at the expense of reducing the share of fossil fuels to less than half over the next decade.

Japan is the third largest economy in the world. The Japanese energy goals are made clear in Japan’s draft National Energy Strategy, and they include a huge leap toward carbon reduction. The...

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World Bank: Global debt to exceed $257 trillion

Reports from the World Bank and the International Finance Corporation indicate that the global debt size is expected to increase to its highest level to $ 257 trillion in the first quarter of 2020,...

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Agreement on Oil Production Rates.. Saudi Arabia and Russia at Crossroads

Russia announced a few days ago that it will not support further cuts in oil production from OPEC+. This was followed by a notable decline in crude oil prices, to reach today at $37 a barrel (Brent...

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Norway’s Minister of Oil to lead her country to become a model in reducing emissions.

In January 2020, Tina Bru was appointed as Minister of Oil and Energy in Norway. She stated after her appointment that she plans to develop renewable energy with the aim of pushing Norway to become a...

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World Bank: Global debt to exceed $257 trillion

Reports from the World Bank and the International Finance Corporation indicate that the global debt size is expected to increase to its highest level to $ 257 trillion in the first quarter of 2020,...

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Shell withdraw from onshore projects in Egypt

15.11.2019 Royal Dutch Shell has appointed Citibank to manage the $1 billion sale of oil and gas in Egypt’s Western Desert. Sources told Reuters the sale would officially begin at the end of...

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Natural Gas in Libya .. Serious steps towards a better future

Ali al-Farsi Wrote: “The company is committed to ensuring the continuity of gas production to supply Libyan power plants with all its requirements,” said Mustafa Sennallah, president of...

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The world’s Proven oil Reserves Giants:

The latest reports on global oil reserves from approved sources, including the International Energy Agency, British Petroleum review and OPEC, indicate that the world’s largest proven oil...

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Wood Mackenzie: Industry needs to start adapting for the longer term

Most companies are currently focused on surviving at US$30/bbl by cutting costs and activity, but the industry also needs to start adapting for the longer term, according to a report by Wood...

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Iraq’s oil production to boom over coming decades

Despite decades of war, civil unrest and a very recent, complete regime overhaul, Iraq has clamored its way up to become the world’s third largest oil exporter.   As foreign and national...

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