The research association Climate Action Tracker (CAT) published its latest projections on Thursday of how greenhouse gas emissions may dangerously increase the global average temperature. The result is similar to last year: a worrying 2.7°C increase above pre-industrial levels if policies do not improve, but a different point of comparison adds a new dimension to the finding. The key numbers of the updated projections: * If current policies are maintained, the world will warm by an average of 2.7°C by 2100. This is far, far into the danger zone.* If the 2030 targets are implemented, this figure will drop to…
Author: Automotivedealernews.com
Keppel Corporation reported a net profit of $700.7 million (A$927 million) for the year ending 31 December 2022. The results were bolstered by the asset management segments and energy and environment, with the first $235 million (A$311 million) net. benefit of the period. However, it was still 9 percent below figures released in fiscal 2021. The decline in net profit was primarily due to lower urban development gains, provisions for certain projects at Keppel Offshore & Marine (O&M) yard in the US and lower fair value gains on Keppel’s investment in Envision AESC . The company’s FY2022 revenue from continuing…
The U.S. dropped 12 rigs week-over-week, according to Baker Hughes’ latest rotating rig count, which was released on Feb. 3. The figures from Baker Hughes showed that the United States reduced its number of onshore rigs by 11 and its number of offshore rigs by one, week after week. The total figure for the US rig count is now 759, which includes 745 onshore rigs, 12 offshore rigs and two inland water rigs, Baker Hughes noted in the count. The total US rig count consists of 599 oil rigs, 158 gas rigs and two miscellaneous rigs, Baker Hughes noted. In…
State oil and gas company PetroSA has published a request for proposals (RfP), asking interested parties to submit conceptual proposals to partner with the national oil company to develop upstream assets that generate revenue for PetroSA from sustainable way The main objective of these partnerships is to help PetroSA to commercially monetize the remaining gas potential in Block 9 production rights and to bring PetroSA into Block 3A/4A and Block 9/11a. PetroSA says it will link the projects’ success to financial incentives for stakeholders, which could take the form of production revenue sharing, performance-based contracting or equity participation. Proposals should…
India, the third largest emitter of greenhouse gases, is planning an expansion of its oil and gas sectors, even as it aims to reach net zero by 2070. The nation intends to increase oil refining volumes to 450 million tonnes a year by the end of the decade, from about 250 million tonnes, and will also increase liquefied natural gas import capacity, it said on Monday Prime Minister Narendra Modi. “Energy is an important factor in fulfilling the aspirations of Indians,” Modi said, opening a three-day energy forum in Bengaluru that will bring together 30,000 delegates, including officials and executives…
As part of his visit to the Cabo Delgado province of Mozambique on February 3 to review the security and humanitarian situation, the CEO and president of TotalEnergies Patrick Pouyanne confident Jean-Christophe Rufinrecognized expert in humanitarian action and human rights, with an independent mission to assess the humanitarian situation in the province. Pouyanné visited the industrial complex of Afungi, the resettlement village of Quitunda, the towns of Palma and Mocimboa da Praia and met with the president Fill in the brows to discuss the security and humanitarian situation in Cabo Delgado province, where Mozambique’s liquefied natural gas (LNG) project is…
Gas prices in Australia have already risen 400 percent above normal levels by 2022, and this year’s winter is just around the corner. Rich and commercially attractive gas resources, a stable investment environment and a trusted LNG supplier – Australia’s reputation in the global gas industry has rarely been rivaled for decades. However, today the country is in the middle of an energy crisis. The government’s response is intervention. Blaming rising energy bills for the conflict in Ukraine, the Albanian administration last month announced “responsible and meaningful action on gas prices” in eastern Australia. What this means is a temporary…
As world leaders celebrate the president Cyril Ramaphosa For his green agenda in Egypt, his Minister of Mineral Resources and Energy insisted this week that coal will continue to play a critical role in electricity generation in South Africa. Gwede Mantashe believes coal, along with gas, nuclear and hydropower should be the main baseload. Ramaphosa this week unveiled South Africa’s R1.5 trillion investment plan to use less coal to a group of rich countries, to an enthusiastic response from the UK, US, Germany, France and the EU in the COP27 climate talks in Sharm El-Sheikh. Egypt The Just Energy Transition…
They don’t like President Joe Biden. The prosecutor comes after them. And Wall Street strategists warn the boom won’t last. Yet, against all odds, Corporate America continues to topple itself with its own actions, a force that has fueled the New Year’s rally. In the first month of 2023, announced buybacks tripled to $132 billion from a year ago, hitting the highest total ever to start a year, according to data compiled by Birinyi Associates. The planned buybacks surpassed the previous January record, set two years ago, by more than 15%. There are signs that corporate demand is accelerating as…
Reading time: 3 minutes Running your vehicle on a mixture of different fuels such as petrol and diesel can cause many problems. Fortunately, there’s not much to worry about if you accidentally put ethanol gas in your gas car when there’s still non-ethanol gas in the tank. Most modern gasoline engines can burn gas mixtures containing up to 15% ethanol without problems. If you drive a flex fuel vehicle, it can handle up to 83% ethanol-blended gas. And given the advantages of ethanol gas, you might even get more mileage compared to using non-ethanol blended gas. While your car can…