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Scientists Call for $2.4 Trillion Shift From Coal to Renewables

Scientists Call for $2.4 Trillion Shift From Coal to Renewables

The world must invest $2.4 trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050 to slow the quickest pace of climate change since the end of the last ice age, according to scientists convened by the United Nations. The findings released Monday by the […]

Russian Energy Week to address infrastructure development as a factor for economic growth and improving living standards

Russian Energy Week to address infrastructure development as a factor for economic growth and improving living standards

One of the main discussion topics during the Russian Energy Week International Forum will be the development of infrastructure as a way to grow the economy and improve people’s living standards. Russian Deputy Prime Minister Dmitry Kozak, Moscow Mayor Sergei Sobyanin, Russian Railways CEO and Chairman of the Management Board Oleg Belozerov, Sberbank CEO and […]

REW 2018 to Discuss Prospects for Development of EnergyNet Projects

REW 2018 to Discuss Prospects for Development of EnergyNet Projects

As part of Russian Energy Week in Moscow, the panel session ‘EnergyNet: The Reboot’ will cover the results of the implementation of the EnergyNet NTI roadmap, and auxiliary stimulation and government support measures aiming to accelerate the introduction of promising high-tech projects. The discussion will feature First Deputy Minister of Energy of the Russian Federation […]

Prospects for Cooperation on Energy between Russia and African Nations on the Agenda at REW

Prospects for Cooperation on Energy between Russia and African Nations on the Agenda at REW

The Russian Energy Week International Forum is to host a roundtable on cooperation between Russia and African nations. Among the government delegations expected to be represented in the talks on partnership prospects are those of the Republic of the Sudan, Angola, Nigeria, Zambia, and South Africa. Senior executives from Rosatom, Sonangol EP, and Hevel will […]

Oil prices rise as looming Norway strike adds to disruptions

Oil prices rise as looming Norway strike adds to disruptions

As reported by the Reuters, oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway were set to strike later in the day. Brent crude LCOc1 added 55 cents, or 0.7 percent, to $78.62 per barrel by 0638 GMT, following […]

GE launches world’s most powerful offshore wind turbine

GE launches world’s most powerful offshore wind turbine

The new wind turbine, whose launch was announced yesterday in Paris, will produce 45 per cent more energy than the current largest turbine available. Each unit is claimed to have the ability to produce 67GWhr of energy per year, sufficient to power up to 16,000 typical European households. Its large size will enable offshore wind […]

Norway’s oil fund reaches $1 trillion as value of North Sea oil rises

Norway’s oil fund reaches $1 trillion as value of North Sea oil rises

NORWAY’S sovereign wealth fund, currently the largest in the world and backed by the nation’s oil reserves, have exceeded $1 trillion in value for the first time. This follows comparisons made last month between the Norwegian energy sector and the North Sea oil industry by the pro-independence think tank Business For Scotland (BFS), which argued […]

2016 a Record Year for Renewables, Latest IRENA Data Reveals

2016 a Record Year for Renewables, Latest IRENA Data Reveals

Global renewable energy generation capacity increased by 161 gigawatts (GW) in 2016, making the strongest year ever for new capacity additions, according to data released today by the International Renewable Energy Agency  (IRENA). Renewable Energy Capacity Statistics 2017, estimates that by the end of last year the world’s renewable generation capacity reached 2,006 GW, with […]

BP in talks with Ineos over Forties pipeline sale

BP in talks with Ineos over Forties pipeline sale

Oil giant BP is in talks with chemicals group Ineos over the sale of the North Sea’s largest pipeline. BP’s Forties Pipeline System (FPS) transports about 450,000 barrels of oil per day on average — about 40% of UK production. The pipeline is one of the oldest in the sector, having started operating in the […]

Development of RER to Lower Electricity Prices in Long Term Perspective

Development of RER to Lower Electricity Prices in Long Term Perspective

After completing the payoff period of the RER-project the net cost of electrical energy generated by RER-based sources decreases sharply, as in most alternative energy technologies there is no fuel constituent. The installed capacity of RES generation in the world (without large HPPs) reached 390 GW by 2011, satisfying 8.2% of global electrical energy demand. […]

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