renewable
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Exploration, production firms urged to renewable energy development
SHANA (Tehran) - The CEO of the Petroleum Engineering and Development Company (PEDEC) emphasized the importance of Iranian exploration and production companies’ involvement in the development of renewable energy, stating that the Ministry of Oil is responsible for energy optimization in the country, so, renewable energy should be used for self-sufficiency in electricity.
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UAE and renewables; ambitions and challenges
Over recent years, investment in the renewable energy sector has increased across the globe. In the meantime, the Persian Gulf oil exporting nations, which have always relied on exporting energy, have adopted a new approach and formulated comprehensive plans to reduce carbon emissions and increase the share of renewables in their energy mix. The United Arab Emirates (UAE), a Persian Gulf littoral state and a key OPEC member country, has invested heavily in all sectors of the energy industry in recent years. In addition to reducing its dependence on non-renewable energy, the UAE is seeking to improve its position in international for a and present an environmentally friendly image of itself.
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Iraq, TotalEnergies sign massive oil, gas, renewables deal
Iraq and French oil major TotalEnergies signed a long-delayed $27 billion energy deal that aims to increase oil production and boost the country's capacity to produce energy with four oil, gas and renewables projects.
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Renewables growth did not dent fossil fuel dominance in 2022, report says
Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's Statistical Review of World Energy report said on Monday.
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G7 ministers agree to cut gas consumption, speed up renewable energy
The Group of Seven rich nations have agreed to call for reducing gas consumption and increasing electricity from renewable sources while phasing out fossil fuels faster and building no new coal-fired plants, France's energy transition minister said on Saturday.