Category: Highlights

Russian Prime Minister Mikhail Mishustin has signed an agreement demanding that all Russian oil companies comply with a previous order that disallows any exports of Russian crude oil or crude oil products to any buyer that adheres to the price cap mechanism. It should be noted that Russian companies failing to comply will face no penalties, according to Upstream. Mishustin’s…

UK oil giant BP has started drilling two new exploration wells to search for gas deep beneath the Caspian Sea. The announcement comes as Azerbaijan imports gas from Iran and Russia to meet both growing domestic demand and existing export contracts. Baku has also pledged to double exports to Europe within five years. One of the wells will reach a…

The UK’s oil and gas industry should have taken the chance to invest in new projects instead of fighting the windfall tax, the boss of a North Sea oil and gas producer has said. Steve Brown, chief executive of Orcadian Energy, told City A.M. that the Energy Profits Levy (EPL) created a “big incentive to invest” with the 91 percent tax relief for fossil…

Prior to the unwitting boost that Russia’s ongoing failure in Ukraine has given the U.S., NATO, and Europe, Washington’s intentions regarding Iraq were mixed. On the one hand, the reasons why the U.S. invaded Iraq – to secure oil supplies that would lessen its reliance on Saudi Arabia, to control the centre ground in the Middle East, and to counteract…

Growatt New Energy, The world’s leading manufacturer of energy storage solutions and solar inverters, launched its much-awaited off-Grid inverter. The SPF 6000 ES Plus, introduced by Growatt for the Pakistani market. Growatt introduced its new SPF 6000 ES Plus residential off-grid inverter, which is the modified and advanced form of the SPF 3000-5000 ES off-grid inverter. This product is most feasible for Pakistan’s areas with no…

Growatt New Energy, The world’s leading manufacturer of energy storage solutions and solar inverters, launched its much-awaited off-Grid inverter. The SPF 6000 ES Plus, introduced by Growatt for the Pakistani market. Growatt introduced its new SPF 6000 ES Plus residential off-grid inverter, which is the modified and advanced form of the SPF 3000-5000 ES off-grid inverter. This product is most feasible for Pakistan’s areas with no…

For years, small modular nuclear reactors (SMRs) have been teased as the next big thing in clean energy. They were promised to be the solution to safely and efficiently scaling nuclear energy and the catalyst that would bring the nuclear energy renaissance into full swing. But then they never arrived. “Small modular reactors: What is taking so long?” asked an…

The process uses the first effective use of lead acetate as a precursor in making formamidinium-caesium perovskite solar cells. The team at Exciton Science, based at Monash University, were able to create perovskite solar cells with 21% efficiency, the best results ever recorded for a device made from a non-halide lead source. The reporting paper has been published in the…

The Sui Northern Gas Pipeline Limited (SNGPL) has claimed to reduce the unaccountable for gas (UfG) losses by 23,348 mmcf which is 28 percent more than the assigned task. The government on October 31, 2019, assigned the task of reduction in the UfG losses of SNGPL by 18,240 mmcf within a period of three years (FY 2019-20 to FY 2021-22)…

A bill designed to limit the Department of Energy’s ability to withdraw crude oil from the nation’s Strategic Petroleum reserve has passed the House, although U.S. President Biden promised previously to veto it. U.S. representatives in the House voted to pass the bill known as The Strategic Response Act, H.R. 21, in a vote 221 to 205, gaining the support…