Energy


Biden sends warning to China on chips and rare earths

Biden sends warning to China on chips and rare earths

(ATF) President Biden sent an effective warning to China on Wednesday February 24 as he signed an executive order for a review of supply chains that will cover semiconductor chips and rare earths.Biden signed the executive order after a meeting with both Democratic and Republican politicians that he hailed as …

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Another billion-tonne oil and gas discovery in Bohai oilfield 

Another billion-tonne oil and gas discovery in Bohai oilfield 

(ATF) The China National Offshore Oil Corporation on Tuesday announced another large-scale oil and gas discovery in the Bohai sea, in the Bozhong 13-2 oil and gas field. CNOOC said it has proven geological reserves of 100 million tonnes of oil and gas.The Bozhong 13-2 oil and gas field is …

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Declarations of force majeure over Texas storm freeze Asia supply chain

Declarations of force majeure over Texas storm freeze Asia supply

(ATF) US chemicals giant Celanese declared force majeure on Thursday February 18, saying it was unable to deliver to Asia because of the severe weather conditions in Texas, becoming the latest victim of a storm system disrupting global supply chains.A long list of companies around Texas and New Mexico have …

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Polar vortex-induced oil spike to fade, supply dynamics return

Polar vortex induced oil spike to fade

(ATF) Oil’s surge to 13-month peaks will be shortlived, analysts say, as the polar vortex that has hit the US Midwest and Gulf regions is expected to give way to better weather by the weekend, when normal supply and demand dynamics of the sector should return.Brent crude climbed 89 cents, …

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Coal and bio-mass habit threatens India’s 'solar-power revolution' 

Coal and bio-mass habit threatens India’s solar-power revolution'

India, the world’s second most populous country after China, and the third largest energy consumer, keeps making energy headlines as it tries to meet its seemingly insatiable energy demand while also battling problematic greenhouse gas (GHG) emission levels.The latest salvo in the country’s war to ramp down its carbon footprint …

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Shift to renewable energy needed by 2030-35, top researchers say

Shift to renewable energy needed by 2035, top researchers say

(ATF) A group of leading energy experts are campaigning for a rapid global energy transformation, saying the world must shift to nearly 100% use of renewable power sources within the next 10 to 15 years – "much sooner than 2050" – for the planet to avoid extensive ecological damage.The 100% …

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Shell to focus on biofuels, electric-charging, LNG and hydrogen

Shell to focus on biofuels, electric-charging, LNG and hydrogen

(ATF) Energy giant Royal Dutch Shell said on Thursday it will invest up to $6 billion a year in green energy with more funding for biofuels and electric car charging. The Anglo-Dutch conglomerate – the world's largest oil and gas trader and the fifth biggest company in the world, according …

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More pain Down Under for Aussie gas producers

More pain Down Under for Aussie gas producers

(ATF) Australia’s gas sector finds itself in the crosshairs again. Until recently, much of the problem stemmed from higher domestic gas prices and associated political upheaval those bloated prices caused. For several years, gas prices at home remained considerably higher than prices fetched for the fuel in Asian markets. The …

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Vietnam’s uneven green energy push just became murkier

Vietnam’s uneven green energy push just became murkier

(ATF) The Asia-Pacific region, which stretches from Australia to the Indian Ocean, and north to China, Japan, Taiwan, and South Korea, has historically been known for having the most coal intensive footprint on the planet, with associated health and environmental concerns. The region includes two of the world’s most populous …

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Shell's profits leak away in 2020 as pandemic bites deep 

Shell's profits leak away in 2020 as pandemic bites deep 

Royal Dutch Shell's profits dropped last year to their lowest in at least two decades as the coronavirus pandemic hit energy demand worldwide.And though the company's retail network and trading business did help cushion the blow, the Anglo-Dutch oil major's annual profit slumped 71% to $4.8 billion, as its oil …

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