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Russia Looks To Become Leader In Hydrogen Tech By Vanand Meliksetian - Dec 30, 2020, 12:00 PM CST
Russia’s mineral and energy wealth has given it a second chance in global affairs after the Cold War and the implosion of the Soviet Union. Oil and gas exports have provided the necessary income to rebuild the country and exert influence abroad. The energy transition is the ‘Sword of Damocles’ hanging over the Russian fossil fuel industry. Moscow, therefore, is trying to find a new purpose for its energy industry by early investments in hydrogen technologies.
Russia’s energy ministry is working on a hydrogen strategy in cooperation with foreign partners in Japan and Germany. The tools for this transformation are the country’s energy titans Rosatom, Novatek, and Gazprom. Each of these companies, with the support of Moscow, is looking into different technologies to produce and export the hydrogen.
Russia’s mineral and energy wealth has given it a second chance in global affairs after the Cold War and the implosion of the Soviet Union. Oil and gas exports have provided the necessary income to rebuild the country and exert influence abroad. The energy transition is the ‘Sword of Damocles’ hanging over the Russian fossil fuel industry. Moscow, therefore, is trying to find a new purpose for its energy industry by early investments in hydrogen technologies.
Russia’s energy ministry is working on a hydrogen strategy in cooperation with foreign partners in Japan and Germany. The tools for this transformation are the country’s energy titans Rosatom, Novatek, and Gazprom. Each of these companies, with the support of Moscow, is looking into different technologies to produce and export the hydrogen.
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Can Venezuela’s Oil Industry Bounce Back With The Help Of Iran? By Matthew Smith - Dec 30, 2020, 1:00 PM CST
After five years of plunging oil production and experiencing the near-collapse of its economically crucial petroleum industry and the worst peacetime economic crisis of the modern age, there are signs a recovery is underway in Venezuela. For some time, President Nicolás Maduro has claimed Venezuela’s once-mighty petroleum industry is recovering, yet plummeting crude oil output, deteriorating infrastructure, and numerous oil spills indicate otherwise. The latest numbers from OPEC, of which Venezuela was a founding member, indicate that the economically crucial industry could be in the process of recovering. The cartel’s December 2020 Monthly Oil Market Report indicates that the country’s oil output is slowly but steadily growing since the third quarter of 2020 when it averaged 362,000 barrels daily. For the month of November, Venezuela pum