News & Press Releases
News & Press Releases
Indonesia Okays $3bn Plan To Build South China Sea Gas Block
Indonesia has cleared the initial development plan for the offshore Tuna gas resource, with a total estimated commitment of $3.07 billion up to the start of production, according to upstream oil and gas regulator SKK Migas.
The Tuna field, which...
News & Press Releases
Stepped Up Renewables Construction Prime To Meet 2030 Goal
Construction on renewable-based capacity must be dramatically expedited if Europe is to obtain up to 40% of its energy from renewable sources by 2030 and avoid a worsening energy crisis.
Large and sophisticated renewable building projects are frequently undertaken, and...
News & Press Releases
Oil Prices End 2022 On High, Although Demand Worries Persist
Despite a sudden increase in US crude supplies, worries about the recession, and worries about demand because of a repeat of COVID-19 infections in the world's top petroleum importer, China, oil prices ended the week higher on December 30,...
Hydroelectric
Germany Transitioning To Hydrogen Due To Its Energy Crisis
As soon as Russia stopped sending gas to Germany in June, a German company called Kelheim Fibers began looking for other ways to keep its engines running.
As a result, starting in the middle of January, the Bavarian company, whose...
News & Press Releases
IEA Says Clean Energy Spending At $1.2T By Nations Globally
According to research by the International Energy Agency, government spending has increased significantly since the pandemic began as a result of the energy crisis, reaching $1.2 trillion globally.
Over $500 billion more has been invested in clean energy spending only...
News & Press Releases
Indonesia Awards Two Oil-Gas Licenses To Boost Production
According to the director general of oil and gas for the energy ministry, Indonesia has given two more oil and gas exploration blocks to local companies in an effort to increase output in order to satisfy rising energy demand.
As...
News & Press Releases
Oil And Gas Sector Has A New Form of Financing Is Thriving
Private U.S. oil and gas producers are looking at a rising market for alternative funding as banks have stopped supporting oil and gas operations and other conventional forms of financing like equity stake or reserve-based lending (RBL) arrangements are...
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