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Can China Maintain Its Clean Energy Dominance?

OilPrice

Despite being the worlds biggest polluter, China is also a renewable energy superpower. Following decades of investment, China is the worlds biggest green energy producer, and its renewable energy capacity keeps on growing. The Asian giant is aiming to achieve carbon neutrality by 2060, despite continuing to be heavily reliant on oil, gas and coal.

IT 274
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Nigeria Boosts Oil Production Above Its OPEC+ Quota

OilPrice

Higher exports and increased demand from the huge new African refinery, Dangote, pushed Nigerias oil production in February 70,000 barrels per day (bpd) above its OPEC+ quota of 1.5 million bpd, a Reuters survey showed. Last month, Nigerian production exceeded its quota in the OPEC+ agreement by the most among all participants.

Oil 268
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NextEra Looks at Permian to Double its $20 Billion Texas Investment

OilPrice

Renewable energy developer, NextEra Energy (NYSE:NEE) is considering doubling its $20B investment in Texas, with the renewable energy company currently exploring land in the Permian Basin for development, Michele Wheeler, VP of regulatory and political affairs, revealed at the CERAWeek energy conference in Houston. It really is easier here in Texas."

IT 289
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Tear It Down or Start It Back Up? Plant Owners Weigh Options Around Retired Reactors

POWER Magazine

Nuclear power plants are still being dismantled, and the business of decommissioning remains strong, but the need for more baseload power and emissions-free generation has some companies ready to restart idled The post Tear It Down or Start It Back Up? Plant Owners Weigh Options Around Retired Reactors appeared first on POWER Magazine.

IT 278
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How AI is fuelling the climate crisis, not solving it

Energy Transition

‘Artificial intelligence will make it easier to combat climate change.’ ’ That’s the bold claim made by billionaire and self-proclaimed climate problem–solver Bill Gates. But Gates – a well-known advocate of geoengineering – is not alone in promoting the idea that technology can be our saviour.

IT 326
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Abu Dhabi’s ADNOC Buys Its First Dubai Crude via Platts Pricing Process

OilPrice

Abu Dhabis national oil company ADNOC has made its first trades via the S&P Global Platts pricing process for Dubai crude oil, in a rare move for a Middle Eastern producer, traders told Reuters on Thursday.

IT 246
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Tanzania Plans to Launch Its First Oil and Gas Bid Round in Over a Decade

OilPrice

Tanzania plans to launch in May its fifth oil and gas licensing round for 26 exploration blocks in what will be the East African countrys first such bidding round since 2014.

Oil 289