Energy
Iran and Pakistan are looking at ways to complete a long-delayed gas pipeline project between the two countries, Iran's Consul General to Pakistan, Hassan Nourian, said on Monday. "We see political determination from Pakistan to complete the project," he told reporters in the southern city of Karachi. The countries signed an agreement to construct the pipeline from Iran's South Fars gas field to Pakistan's Balochistan and Sindh provinces in 2010, but work on Pakistan's portion has been held up due to fears of U.S. sanctions. The 1,900 kilometre (1,180 mile) pipeline was meant to supply 750 mil...
The New Arab
Sustainable energy company EOG Resources has reported its Q1 2024 quarterly earnings, with better-than-expected results all round. One chief reason for this, according to the company, was that EOG experiences “volumes and total per-unit cash operating costs better than guidance midpoints.” It also reflected the continued bullishness of investors and market sentiment at large for more sustainable energy solutions. EOG, with its natural gas, hydrocarbon and crude oil streams, seems to be benefitting from the zeitgeist nicely. Net income and free cash flow riseThe company reported an adjusted net...
Invezz
With EU leaders sharpening their focus on global competition after a five-year political cycle marked by the European Green Deal, clean tech companies are warning the EU must do something to match the multi-billion-dollar support US competitors enjoy under the Biden administration’s Inflation Reduction Act – not to mention state-supported mass production in low-wage China. Following the momentum of the Antwerp Declaration, where industry leaders enjoyed the support of EU Council presidency holder Belgium in a call for less regulation and a renewed focus on industrial competitiveness, Bill Gate...
Euronews (English)
Gazprom, the Russian energy giant majority owned by the Kremlin has recently revealed the worst loss in more than 20 years, of 629 billion roubles (€6.38 billion) in 2023. This was much worse than the 447 billion roubles loss expected by the market, according to the Interfax news agency. It was also sharply at odds with the 1.2 trillion roubles profit seen in 2022. Furthermore, the company clocked in a sales net loss of 364 billion roubles in 2023, also a disappointment from the 1.9 trillion roubles profit seen in the previous year. Total revenue also dropped to 8.5 trillion roubles in 2023, a...
Euronews (English)
About $150 trillion is expected to go into decarbonizing the global economy over the next thirty years. Here are the top four green energy stocks that may benefit as the world executes on its commitment to that transition. NextEra Energy Inc (NYSE: NEE)NextEra Energy is on our list of top four green energy stocks for long-term investment as it is one of the biggest names in the wind and solar energy space. The energy giant is committed to making its operations free of carbon emissions by 2045. $NEE has increased its adjusted EPS at a compound annualised rate of 10% over the past ten years whil...
Invezz
Energy ministers representing the Group of Seven (G7) major democracies are set to sign an agreement aimed at ending the use of coal in electricity production by 2023 and 2035. However, two diplomatic sources say Germany and Japan may be exempt from this agreement. Outlines of the agreementSources state that G7 nations promise to close their coal-fired plants by the early 2030s, however, these countries could also choose to have a deadline aligned with maintaining the global temperature increase below 1.5°C. This would give Berlin and Tokyo flexibility, given that their coal-fired plants gener...
Invezz
Emirati-owned Dana Gas has suspended operations at a gas complex in Iraq's autonomous Kurdistan region after a drone strike that killed four people, it said on Monday. The Khor Mor complex owned by the United Arab Emirates firm has been hit several times in recent years, but Friday's attack was the first deadly incident. Four workers died and eight others were wounded when the drone struck a condensate storage tank, Dana Gas said in a statement to the Abu Dhabi Securities Exchange. "Although there was very minor damage to the facilities, for the safety of all our staff and the facilities, we h...
The New Arab
Italy has overcome its dependence on Russian gas and will not oppose the proposed package of EU sanctions on liquified natural gas (LNG), Italian Energy Minister Gilberto Pichetto Fratin said, as reported by Politico on April 28. The European bloc has already adopted 13 packages in response to Russia's full-scale invasion of Ukraine, aiming to undermine Moscow's economic output and the ability to sustain the war. In early April, EU Executive Vice President Valdis Dombrovskis announced that the 14th package is in the works. Swedish Foreign Minister Tobias Billstrom later said the new package co...
Kyiv Independent
Italy has overcome its dependence on Russian gas and will not oppose the proposed package of EU sanctions on liquified natural gas (LNG), Italian Energy Minister Gilberto Pichetto Fratin said, as reported by Politico on April 28. The European bloc has already adopted 13 packages in response to Russia's full-scale invasion of Ukraine, aiming to undermine Moscow's economic output and the ability to sustain the war. In early April, EU Executive Vice President Valdis Dombrovskis announced that the 14th package is in the works. Swedish Foreign Minister Tobias Billstrom later said the new package co...
Kyiv Independent (CA)
Italy has overcome its dependence on Russian gas and will not oppose the proposed package of EU sanctions on liquified natural gas (LNG), Italian Energy Minister Gilberto Pichetto Fratin said, as reported by Politico on April 28. The European bloc has already adopted 13 packages in response to Russia's full-scale invasion of Ukraine, aiming to undermine Moscow's economic output and the ability to sustain the war. In early April, EU Executive Vice President Valdis Dombrovskis announced that the 14th package is in the works. Swedish Foreign Minister Tobias Billstrom later said the new package co...
Kyiv Independent (UK)
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