Economies are gradually making the choice in favour of renewable sources of energy, but for some time, fossil fuels and renewables will complement each other – that was the conclusion of participants at the Valdai discussion club during a session entitled “Tech War: How Far Will It Go?”
The European Union in 2020 proclaimed large-scale plans for a transfer by 2050 to a carbon-free economy, which call for the abandonment of oil, gas, coal and other energy sources responsible for carbon dioxide emissions in the atmosphere. Against this background, experts and potential investors have begun to discuss increasingly new opportunities for the nuclear industry, relegated several years ago to the role of rank outsider in the energy world.
Authorities in News York State have published a “road map” on achieving the ambitious goal of moving the state towards securing 70 % of its electricity from renewable sources by 2030.
Argentine authorities have drafted a new plan to invigorate the gas sector, calling for $5 billion in investments over the next three years to develop the vast shale deposit area of Vaca Muerta (Dead Cow in Spanish).
The World Energy Council (WEC) thanked Sergey Brilev for his participation in preparations for the World Energy Congress in 2022.
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.
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.
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.
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. Nikolaos Hatziargyriou, director of the National Technical University of Athens and winner of the Global Energy Prize, is one of the chief ideologists of modern microgrids. He spoke of the main principles of these micro-networks in an interview with the Global Energy Association.
Russian oil companies Gazprom Neft and Tatneft are following the lead of their European colleagues by embarking on projects based on renewable energy sources.
Venezuela has resumed operations at two oil refineries, President Nicolas Maduro announced on his Twitter microblog. Venezuelan authorities also announced the adoption of a plan to regulate fuel supplies at petrol stations.
Photosynthesis is one of the most important processes on Earth. And this is recognised by everyone, from biologists to energy specialists. And everyone knows that nearly all the energy we use, we owe to the Sun. Oil, gas and coal all came into being thanks to the ability of organisms to secure solar energy and use it to create organic molecules by means of photosynthesis. Photosynthesis allows plants to transform energy from the sun into fuel.
Russia is ready in the future to become a supplier of energy derived from new technologies, including the use of renewable sources and carbon-free methods, Energy Minister Alexander Novak said in an interview with the President of the Global Energy Association, Sergey Brilev.
The head of Norway’s biggest sovereign wealth fund, Nicolae Tangen, says the fund should boost its revenues by selling more of the shares it holds in companies with an unsatisfactory record in terms of the so-called ESG criteria – Environmental, Social and Corporate governance.
Vietnam has approved a project by U.S. giant ExxonMobil to build an LNG plant in the northern port city of Haiphong. The plant is to have an annual capacity of six million tonnes of LNG and total cost of the project is estimated to exceed 5 billion euros.
Two of the oldest oil and gas companies in the United States – Noble Energy and Chevron – have announced their merger.
Consumer behaviour, particularly the ability to make specific choices in purchasing and use, has become a big factor in the broad scheme of power supply, Pavel Livinsky, Director General of Russia’s Rosseti power grid company, said during World Energy Week.
The main problem with nuclear power today is the recycling of nuclear waste. To solve this problem, it is necessary to encourage the use of thorium instead of uranium. An even bigger challenge for the industry is the lack of new developments that would allow nuclear power to move forward, said Carlo Rubbia, the Global Energy Prize laureate and Nobel Prize winner in physics, in an interview with the Global Energy Association.
Companies and the investors behind them have joined European regulators and politicians in calling for carbon-free energy, Lord Barker, the Executive Director of Russia’s EN+ group, told a British-Russian Investment forum, which was held online by the Russo-British Chamber of Commerce (RBCC) with the support of the CCI of Russia. The session at the forum,dubbed “RussiaTALK”, was chaired by Sergey Brilev, President of the Global Energy Association.
The European Union has toughened its goals of reducing greenhouse gas emissions.
France’s Total has become the latest major oil and gas company to announce plans to turn itself into an energy holding.
The Japanese space agency plans to build a plant on the moon by 2035 to produce fuel from hydrogen, the Kyodo news agency reported.
Supplying electricity to islands and remote localities remains quite a difficult undertaking despite the development of digital technology and a dynamic transition to renewable energy sources. Solving the problem involved creating special closed energy systems that work independently from centralised power supplies – known as “microgrids”.
The world’s first cruise ship to be powered by a liquid hydrogen fuel cell is to be brought into service in Norway by 2023, according to shipowner Havila.
Coal production in Russia will decline by 10.5 % in 202 to 395 million tonnes, according to a macroeconomic forecast issued by the Ministry of Economic Development for 2021-2023.
G20 countries will keep close watch on the supply and demand balance on world oil markets in view of growing risks stemming from “second wave” infections of the COVID-19 pandemic, Russian Energy Minister Alexander Novak said.
Russia has no plans to abandon oil and gas production but will keep close watch on technological developments in renewable energy, Deputy Prime Minister Yury Borisov said in an interview with the president of the Global Energy Association, Sergey Brilev.
Rosatom, Russia’s nuclear energy authority, hopes to build six or seven nuclear reactors in the country in order to boost to 25 % the share of nuclear power in the national energy balance, a senior company official said at a meeting with President Vladimir Putin. Ivan Kamenskikh, Rosatom’s first deputy general director, said Putin had set a task last June of increasing the share to 25 % from the current level of 20 %.
El siguiente texto es un experimento. ¿Cómo se ven las consecuencias del Covid-19 en América Latina desde Rusia? Este reporte fue preparado por la fundación Roscongress: la que maneja los prestigiosos foros económicos de San Petersburgo y Vladivostok. La parte del reporte dedicada a la agenda energética fue preparada por nosotros, la Asociación Global Energy. ¡Leamos juntos!
It will not be long before windows in homes will serve not only to let in sunlight but also to capture it and turn it into electricity, thanks to special perovskite cells.
The Uber ride hailing service is to switch over to exclusive use of electric cars within 10 years in cities in the United States, Canada and Europe. The transition is to be complete throughout the company by 2040.
Demand for oil could recover to 2019 levels as early as the second half of next year, though no one should expect this to happen more quickly, the head of Russian oil major Gazprom Neft said this week.
Demand in Australia for gas and coal – the long-established chief sources of energy production - has already passed its peak and will be overtaken over the next six years by renewable resources, according to a report by Rystad Energy.
Rapidly depleting reserves and a gradual reduction of its share of oil markets are key reasons behind the European Union’s transition away from hydrocarbons to an ecologically clean economy, the head of Russian oil major Gazprom Neft said on Wednesday.
Renewable energy sources and hydrogen could account for 30 percent of the total energy balance by 2040, but will not replace hydrocarbons as the top component, Russian Deputy Energy Minister Pavel Sorokin said on Wednesday.
The main plenary session of the Tyumen Oil and Gas Forum, moderated by Sergey Brilev, President of the Global Energy Association and deputy director of the Rossiya television channel, expressed overwhelming confidence on Wednesday in the future of hydrocarbons as part of future energy development.
World demand for oil may never recover to its 2019 level, says British giant BP
The scenario of large-scale introduction of renewable energy sources will continue, said Danish Professor and Global Energy Prize laureate Frede Blaabjerg during his online lecture to students of the Saint Petersburg Electrotechnical University "LETI
NDB's California start-up has created a nuclear battery that can last up to 28,000 years. The battery can be used for any device or machine - from smartphones to cars or aircraft.
Three laureates of the Global Energy Prize were identified following the results of the Meeting of its International Award Committee. They are Carlo Rubbia from Italy, Peidong Yang from the USA, and Nikolaos Hatziargyriou from Greece.
Scientists dealing with the processes of artificial photosynthesis, the production of new types of biofuels, the creation of integrated systems for the production of solar energy and agricultural products, and the development of hydrogen energy have become the Global Energy Prize laureates in the Non-Conventional Energy nomination.
Renewable energy sources will not be able to replace oil, gas and coal, said Demin Wang, Deputy Director of Daqing Petroleum Administration Bureau and nominee for the Global Energy Prize, in an interview with a Global Energy website columnist.
Russian Minister of Energy Alexander Novak came back to work in the office on Monday after he's recovered from COVID-19.
It is impossible to solve the problems of integrating various energy sources into a single system without looking at energy as a cross entity sector , said Henrik Lund, a nominee for the Global Energy Prize, professor at the University of Aalborg and member of the board of directors of the international Grøn Energi Foundation.
The meeting of the International Global Energy Prize Award Committee, which will identify the winners of this year's prize, will be held on September 7. The ceremony of the announcement of the names of the laureates and a press conference will take place in Kaluga on September 8. The laureates will be on a video call during the event.
Rosneft Company has developed a biological product for cleansing Northern seas from oil spillages. According to Rosneft’s statement, company’s Arctic Research Centre LLC and Innopraktika, a non-governmental development institute and a part of MSU’s biological faculty, are actualising the innovative project.
Memorandum of intent on creating a special purpose vehicle (SPV) to build a pipeline to China was signed on Tuesday by Alexey Miller, Chairman of the Management Committee of PJSC Gazprom, and Yangugiyn Sodbaatar, Deputy Prime Minister of Mongolia.
The Global Energy Association will become a partner of the 11th Tyumen Oil and Gas Forum (TNF), while Dr Sergey Brilev, the Association’s President, Deputy CEO of Russia TV channel for special informational projects, and the host of “Vesti v Subbotu” programme will moderate the TNF 2020 plenary meeting.
The shortlist for the 2020 Global Energy Prize Conventional Energy category includes scientists from China, USA, Italy, and Australia. Their works are related to a wide range of domains from the oil to the nuclear industry, and all of them are focused on the energy system efficiency improvement.
Head of the National Academy of Sciences of Ukraine, laureate of the Global Energy Prize, Boris Paton, died on Wednesday, August 19. He was 101 years old, President Vladimir Zelensky said on his Facebook page.
At a meeting taking place this Wednesday, the energy ministers, members of the OPEC+ countries Monitoring Committee, noted the substantial implementation rates of the deal aimed at the oil output cuts, but drew attention to those parties to the agreement who are lagging behind in its implementation.
The U.S. oil company Chevron plans to invest in a company - a startup from Zap Energy, which is developing a new generation of modular nuclear reactors, Chevron said in a statement.
The era of nuclear energy expects mankind in the future, in the medium - term, natural gas will remain the most promising energy resource , but technologies to reduce CO2 emissions need to be developed, said Carlo Rubbia, the Nobel Prize winner, a nominee for the 2020 Global Energy Prize in an interview with the President of the Global Energy Association Dr Sergei Brilev and Deputy Vice President Sophia Morgan.
Social network Facebook intends to fully provide itself with electricity from renewable sources by the end of the year. The company has bought several assets in the solar and wind energy industry in the U.S. and Europe to achieve its goal, the network said.
The United Arab Emirates has launched the first unit of the first nuclear power plant in the Arab world so far, joining a closed club of three dozen states engaged in nuclear operations.
The UK government intends to invest in the first experimental geothermal lithium recovery plant in Europe. As part of Cornish Lithium's project, a lithium recovery plant will be built in Cornwall to extract lithium from geothermal waters. The investment will be £4 million. The recovered lithium will be used for electric vehicles and batteries, the company said.
In the first half of 2020, the United States more than doubled its purchases of Russian oil products, RBC reported citing data from the Federal Customs Service of Russia.
One of the world's largest oil companies, British BP, intends to become a full-fledged electric power corporation. The new strategy of the oil giant suggests an increase in investment in low-carbon energy in the next decade. For comparison, the installed energy capacity of Russia is 246 GW. BP plans to create a comprehensive portfolio of low-carbon technologies, including renewables, bioenergy and hydrogen.
Scientists from the USA, Australia, Denmark and Greece, who worked at different times on the creation of new energy systems, were shortlisted for this year’s Global Energy Prize in the New Ways of Energy Application nomination.
Have you ever imagined that your car could move without gasoline in its tanks or that you could do without recharging its batteries? Those are not empty dreams! A car could work on metal. Or, rather, it will be able to in the future when scientists succeed in creating a suitable external combustion engine. Mikhail Vlaskin, laboratory director at the Joint Institute for High Temperatures of the Russian Academy of Sciences, told the Global Energy Association about these plans. In 2009, he became the winner of the Global Energy Association Youth program.
The Global Energy Association presented the shortlist of the Global Energy Prize 2020. It includes 15 scientists from the USA, China, Germany, Italy, Australia, Japan, Greece and Denmark. The laureates will be announced on September 8 following a private session of the International Award Committee.
The OPEC+ countries agreed to cut down the level of oil production reduction in August within the previously approved schedule, said the Head of the Russian Ministry of Energy Alexander Novak at a press conference following a meeting of the ministerial monitoring committee.