A dark cloud hangs over the energy sector as it faces a climate change reckoning. But some are convinced there is money to be made as the world recovers from COVID-19.
Cdn First Nation seeks clarity on Kitimat LNG future naturalgasworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasworld.com Daily Mail and Mail on Sunday newspapers.
20 May 2021 4:36 GMT Updated 20 May 2021 4:36 GMT in Perth
Australia’s Woodside Petroleum has partnered with Japanese companies IHI Corporation and Marubeni to explore exporting green hydrogen from the Australian state of Tasmania.
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Woodside revealed Thursday it had signed a heads of agreement with IHI and Marubeni to investigate the production and export of green ammonia produced from renewable hydro power in Australia’s southernmost state.
The study will initially focus on increasing the understanding of Japanese and Asian ammonia markets, with Woodside noting technical and commercial evaluations were already underway.
Russian expansionism
May 16, 2017
There’s no shortage of headlines about Russia’s grand design for the East Mediterranean gas resources. An unrealistic understanding of the strategic significance of these resources and the role they could play in weaning Europe away from Russian gas fuels these claims. In reality, we have yet to see a Russian breakthrough in the upstream oil sector of the countries surrounding the Levant Basin.
Cyprus has recently concluded a successful licensing round, awarding exploration licenses to Italy’s Eni, France’s Total and US-based ExxonMobil, alongside the latter’s partner Qatar Petroleum. No Russian company participated in this round. In the previous round, Russia’s Novatek and GPB Global Resources (part of state-owned Gasprombank Group) presented an offer together with Total but ultimately failed to win a license. In 2012-2013, at the height of Cyprus’ financial woes, it was reported that Cypriot officials were tempting the Russians wi
Less than 20 years after independence, Timor-Leste is running on fumes
When Timor-Leste won independence in 2002 the belief was it had petroleum reserves to last generations, but the money is running out much earlier than expected.
Timor-Leste’s two large oil and gas projects were supposed to endow its sovereign wealth fund for generations to come.
Alamy
Apr 30, 2021 – 12.31pm
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In the minutes before Timor-Leste’s independence was officially recognised in May 2002, the secretary-general of the United Nations, Kofi Annan, rose to deliver words of hope and caution.
Dressed for the equatorial heat in an open-necked shirt, Annan reminded the crowd in the capital Dili that independence was not an end in itself.