Saudi Arabia’s Energy Minister Prince Abdul Aziz bin Salman last month announced the Kingdom’s goal of producing 50 percent of its electricity from renewable sources by 2030. The country’s Vision 2030 presents “a bold yet achievable” outline of the ways in which the Kingdom — and, indeed, the region — can and should grow. Encompassing […]
- Tag "Oil And Gas"
BRUSSELS : The European Commission published its list of energy projects on Thursday eligible to receive EU funding of up to 30 billion euros ($34 billion), including new oil and gas projects which are likely to draw criticism from Green EU lawmakers. The question of whether projects related to fossil fuels such as natural gas […]
Industrial conglomerate Siemens said Tuesday it would slash 2,700 jobs worldwide at its gas and power unit, including 1,400 in its home country Germany, “over several years”. The division — set for an independent stock market flotation in 2020 — will “require further savings of 500 million euros” ($560 million), Siemens said in a statement. […]
SINGAPORE: Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday. Total capital expenditure in renewables will rise above $30 billion in the region by 2020, just overtaking investment into exploration and production for oil and natural gas, the consultancy said. India, […]
Ontario’s policy of rewarding large users of energy that reduce their demand for grid energy at peak times has resulted in Shell New Energies announcing 21MWh of projects with Convergent Energy + Power. US-Canadian project developer Convergent has been involved in some of the Canadian province’s biggest energy storage projects to date, many of which […]
Student-run event spans energy policy, carbon pricing, storage technologies, and the rise of renewables. The 14th annual student-run MIT Energy Conference, the nation’s largest such event, reflected an increasing maturity in the low-carbon and zero-carbon energy field. A global push toward carbon-free energy, many speakers made clear at the event, held April 4 and 5 […]
The industry needs incentivisation to set-up bio-fuel plants in the agrarian hubs like Punjab, Haryana and Uttar Pradesh. India is the third largest importer of petroleum products in the world. The import of petroleum products is one of the key causes for the foreign trade imbalance. In order to mitigate the challenges of rising oil […]