Iraq, one of the world’s biggest energy producers, can address its current electricity shortfall and growing power needs through immediate action to relieve pressure on the system, according to an in-depth report published Thursday by the International Energy Agency. It also provides a medium-term strategy that makes the best use of the country’s abundant oil and natural gas resources and solar potential.
Total OECD annual production of crude oil, natural gas liquids (NGL), and refinery feedstocks increased by 10.3% in 2018 compared to 2017, reaching a record total monthly production of over 100 million tons at the beginning of the year and remaining above this for almost all of 2018.
The International Energy Agency on Tuesday held the 20th meeting of the IEA Energy Business Council, the overarching body through which the IEA interacts with the private sector.
Yesterday, (Tuesday, 16 April) the European Parliament administration denied the Greens/EFA request to remove the Parliamentary access badges of ExxonMobil lobbyists, after they refused to attend a hearing on climate denial. The Parliament had previously removed the access badges of Monsanto following a Greens/EFA complaint on the same grounds. The Parliament administration refuted the Greens/EFA request on a technicality.
The oil and gas industry is one of the global leaders in developing and deploying CO2 capture. Of the approximately 30 Mt CO2 captured today from industrial activities in large-scale carbon capture, utilisation and storage (CCUS) facilities, nearly 70% is captured from oil and gas operations. The oil and gas industry is also often in a position to make use of this captured CO2, either by selling it to industrial facilities or by injecting it into the subsurface to boost oil recovery.
The huge increase in oil production we saw in 2H18 has reversed following the implementation of the new Vienna Agreement and the increasing effectiveness of sanctions against Iran and Venezuela.
In order to provide additional support to the pollution response mechanisms of EU Member States in a cost efficient way, the European Maritime Safety Agency (EMSA) operates, in European waters, a range of oil pollution response (OPR) services consisting of a Network of stand-by oil spill response vessels, Equipment Assistance Service (EAS) including specialised stand-alone equipment arrangements, as well as dispersant stockpiles.
A new version of the interactive Eurostat Sankey diagram tool is now available. Using the tool you can, for example, easily visualise energy balances, see how much energy is imported or produced in the European Union or in your country, find out where the energy is consumed and check out the principal renewable energy sources.
Today, the European Parliament has just voted to block spending from the European Regional Development Fund (EDRF) and the Cohesion Fund to be spent on fossil fuels. These funds have a direct influence on the lives of citizens, especially those living in less developed regions: stabile quality employment, new infrastructure, and improved quality of life. The ERDF and Cohesion Fund should be the green face of Europe, delivering a better quality of life to citizens and ensuring a suitable and environmentally friendly future.
Energy demand worldwide grew by 2.3% last year, its fastest pace this decade, an exceptional performance driven by a robust global economy and stronger heating and cooling needs in some regions. Natural gas emerged as the fuel of choice, posting the biggest gains and accounting for 45% of the rise in energy consumption. Gas demand growth was especially strong in the United States and China.
Improvements in the fuel economy of cars have slowed according to a new report by the Global Fuel Economy Initiative (GFEI) in cooperation with the IEA. The report, “Fuel Economy in Major Car Markets: Technology and policy drivers 2005-2017” reviews developments in fuel economy and highlights recent changes.