Suriname

Suriname joins rush to produce gas before demand fades

Suriname is estimated to have 17 trillion cubic feet of gas reserves, which if proven would surpass those of Mexico and Brazil.

U.S. gas

Record warm winter leaves U.S. gas glut

U.S. gas prices have crashed as a result of an unusually warm winter. Government data expects conditions of oversupply to continue through next year.

Oman Petroleum and Energy Show

Middle Eastern LNG expansion in spotlight on cusp of Oman Petroleum & Energy Show

The Oman Petroleum & Energy Show opens later this month against a backdrop of shifting allegiances in the LNG sector, with Persian Gulf State oil giants eyeing the global stage.

Ecopetrol

Arpel-Naturgas Week: Pursuit of Venezuelan gas won’t breach sanctions, says Ecopetrol

Future imports from Venezuela align with the Colombian government’s strategy, the chief executive of Ecopetrol told conference delegates.

global LNG

Methane import taxes could influence global LNG market

A new report finds that EU levies on imported methane could help clean up gas operations, but may also lead to a two-tiered global LNG market.

Canadian gas

Canadian LNG project inks 20-year deal with Shell

A Canadian LNG project in northern British Columbia has agreed to a 20-year purchase agreement with Shell.

Renewables

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مصادر الطاقة المتجددة

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Renewable energy

Surging renewable energy gives world “real chance” of hitting 2030 targets

Renewable energy expanded by 50 percent last year, and explosive growth is expected to continue this decade, according to the IEA. The switch to renewables is still not happening fast enough, but the tripling of capacity by 2030 is possible.

CCS

Widespread CCS use would cost trillions of dollars: study

A new study finds that adopting CCS across many polluting sectors would cost $30 trillion more than a low-CCS scenario. Experts say the fossil fuel industry’s preferred solution would be “highly economically damaging.”

IEA report

Renewable additions to post record 2023 increase: IEA report

Renewable energy capacity additions are set to increase by a record 107 GW year on year to reach 440 GW globally in 2023, an IEA report said.

Europe can replace Russian gas

By 2030 U.S. could reach 90% clean energy: NREL

The U.S. this decade will see the ascent of clean energy: NREL.

Energy Transition

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Oman energy

“Think like activists, act as engineers,” says BP petroleum engineer at Oman energy show

Oman's energy transition cannot happen without oil and gas still playing a role, delegates said at an Oman energy show this week.

Oman Petroleum and Energy Show

Hydrogen investment still faces hurdles: Oman Petroleum and Energy Show

There are still barriers to a full hydrogen value chain and economy taking off, delegates said at the Oman Petroleum and Energy Show.

Oman Petroleum and Energy Show

Energy transition to take longer than expected: official says at Oman Petroleum & Energy Show

Oman's energy transition will take longer than expected, a government official said on the opening day of the Oman Petroleum and Energy Show.

Ancap

Uruguay’s offshore green hydrogen tender modelled on oil and gas: Ancap

In the upcoming tender, Ancap will offer four blocks for companies to install renewable energy to make green hydrogen.

Renewable energy

Surging renewable energy gives world “real chance” of hitting 2030 targets

Renewable energy expanded by 50 percent last year, and explosive growth is expected to continue this decade, according to the IEA. The switch to renewables is still not happening fast enough, but the tripling of capacity by 2030 is possible.

COP28

COP28: “Countries must remove obstacles” – U.N. exec

U.N. Executive Secretary Simon Stiell urged countries to remove obstacles in the COP28 negotiations or “risk ruining the outcome for everyone.”

COP28

Protests at COP28 demand an end to LNG support

Climate activists at COP28 are calling for a phasing out of fossil fuels such as LNG and for them to be replaced them with renewable sources such as wind and solar energy.

Climate

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مناخ

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U.S. SEC finalises new climate disclosure rules

The climate disclosure requirements are far weaker than originally outlined by the financial regulator two years ago.

U.S. LNG

Biden steps up scrutiny of U.S. LNG, new projects risk delay

According to The New York Times, the Biden administration is set to announce a major review of how it permits new U.S. LNG projects, potentially delaying more than a dozen proposed facilities for a year or more.

Shell

Activist shareholders target Shell

A group of 27 investors, including Europe’s largest asset manager, have filed a shareholder resolution that calls on Shell to align its operations with the Paris Climate agreement.

Group of Democrats call on Biden to scrutinize LNG exports

In a letter to the U.S. Department of Energy, dozens of members of Congress criticized the agency’s approval of so many new LNG projects. They called for more rigorous scrutiny, citing negative climate and economic impacts.