ConocoPhillips buys Concho Resources
U.S. oil and gas giant ConocoPhillips is buying competitor Concho Resources, a company specialised in shale oil extraction in the Permian Basin of Texas and New Mexico.
19.10.2020
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Monthly Archives: October 2020
Scientists from Russia’s NUST develop prototype of inexpensive nuclear battery
Academics at Russia’s National University of Science and Technology (NUST) in Moscow have created a prototype nuclear battery which may turn out to be considerably less expensive than previous models, Russia’s State Atomic Energy Corporation, Rosatom, reported in its corporate newspaper.
19.10.2020
Fossil fuels – 70 % of BRICS 2040 energy balance, says Russian minister Novak
Fossil fuels – including oil, gas and coal, will account for more than 70 % of the energy balance in the BRICS countries (Brazil, Russia, India, China, South Africa) by 2040, Russian Energy Minister Alexander Novak said.
16.10.2020
Geothermal stations gaining momentum
Installed geothermal capacity is likely to rise by 1.5 times over the next five years as energy companies diversify into alternative markets, prompted by the drive for a transition to renewable energy sources, analysts Rystad Energy reported.
15.10.2020
Nikolaos Hatziargyriou – Energy must meet three contradictory requirements: security, efficiency and the environment
The modern energy sector must resolve three key, but often contradictory, tasks: ensuring security, raising energy efficiency and working for a clean environment. Solutions to these problems can be found by developing contemporary intelligent micro-networks or microgrids, which will enable compatibility of renewable and traditional sources and also the interests of consumers and producers.
15.10.2020
Gazprom neft chooses the sun, Tatneft chooses the wind
Russian oil companies Gazprom Neft and Tatneft are following the lead of their European colleagues by embarking on projects based on renewable energy sources.
14.10.2020