With oil and energy becoming a major source of worry for billions of people as 2022 drags on, India has positioned itself in quite a nice situation. This is predicated on the fact that Russia has become India's second largest oil supplier.
The Shanghai Petroleum and Natural Gas Exchange said that China has settled the first LNG energy deal in Yuan with the United Arab Emirates.
As the output of nuclear energy in France has reached an all-time low, France is now preparing to nationalise its struggling nuclear industry.
Employees at Royal Dutch Shell’s Nigerian joint venture orchestrated damage to oil pipelines to profit from the money spent on clean-up operations, investigation by Dutch investigative TV programme Zembla has revealed.
Employees of Shell in Nigeria ordered the vandalization of...
In Vietnam, the government sets the retail price of gasoline, which is adjusted every 10 days to reflect changes in the price of the commodity on the world market. Now, gas stations in Vietnam are starting to close due to widespread shortages.
The decision by Russia to transfer ownership of Sakhalin-2, one of the largest LNG projects in the world, might kick out the West from key energy deals as a reply to the sanctions.
In a written reply in Lok Sabha, the minister Dr. Jitendra Singh announced that India has approved the installation of 10 new nuclear reactors in five states.
This week saw the European Commission's President Ursula von der Leyen do something that would have probably been considered the opposite of democracy just a few years ago. She proposed that governments impose a ceiling on certain energy producers' revenues and add a windfall profit for Big Oil majors. Called "a solidarity contribution" or "a crisis contribution," the windfall tax's aim is the same as the aim of the revenue ceiling: manage energy costs in a runaway inflation environment and get some additional money to, according to the plan, distribute among those who most need it.
A team of Finnish scientists estimated that the world needs 69% of its primary energy from solar farms for achieving net-zero goals. This estimation was made 2 years ago stating there may be a need for more solar farms. As per the agreement Sahara was chosen to be a suitable option and scientists want to turn the Sahara desert into a giant energy farm with solar panels.
In 2019, only Uganda, the Central African Republic, Somalia, and the Democratic Republic of the Congo had renewable energy make up 90% of their total energy consumption. Africa currently leads the world in renewable energy consumption.
