Gran Tierra Energy Inc (GTE) Q4 2020 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Clean Energy Rises: Is This The Death Of The Petroleum Industry?
The U.S. derives its energy consumption from five primary sources: petroleum, natural gas, coal, nuclear, and renewables or green energy. In 1950, U.S. energy consumption was dominated by petroleum and coal. By 2019, nearly 70 years later, petroleum was still number one, natural gas was a close second, renewables were third, and coal was number four. The use of renewables has been rising steadily in recent decades and by 2019 it was the third most consumed primary energy source in America. In short, there is a groundswell of support for cleaner fuels. Yes, things are changing, and change is rarely easy. Which countries will be most affected by this transition to renewable energy? What will the U.S. energy complex look like in 20 or 30 years? While that’s hard to say, here are a few things to watch.
The American Petroleum Institute has signed a Memorandum of Understanding with the State Oil Company of Azerbaijan Republic.
The American Petroleum Institute (API) has revealed that it has signed a Memorandum of Understanding (MOU) with the State Oil Company of Azerbaijan Republic (SOCAR).
The primary purpose of the MOU is to provide a platform to enhance cooperation and collaboration between the organizations “on a number of fronts”, according to the API. These include the implementation of API standards across all industry segments and operations in Azerbaijan, participation in API’s Process Safety Site Assessment Program (PSSAP) and Pipeline Safety Management System (SMS) Third Party Assessment Program and capacity building and certifying SOCAR business units to API quality management systems.
McDermott s Jebel Ali fabrication yard reaches 90 million hours without a lost time incident oilandgasmiddleeast.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilandgasmiddleeast.com Daily Mail and Mail on Sunday newspapers.