ENERGY

Authored by Aatisha Mahajanvia Rystad Energy,

• Global oil and gas exploration is increasingly concentrated in "core" areas like Guyana and Namibia, where recent discoveries have been made.

• While this concentration brings economic benefits, it also raises concerns about unexplored potential in other regions and the environmental impact of deepwater drilling.

• Namibia, with its recent discoveries and influx of major oil companies, is poised to become a significant (more…)

Authored by Rystad Energy via OilPrice.com,

• The end of the Russia-Ukraine gas transit agreement in 2024 will disrupt gas supplies to several European countries, particularly Slovakia, Austria, and Moldova.

• To replace Russian gas, the EU will need to increase LNG imports and utilize alternative pipelines, such as the Trans-Balkan pipeline and the Balkan Stream.

• Central and Eastern European countries are collaborating on the Vertical Gas Corridor initiative to enhance energy (more…)

Authored by Tom Kool via OilPrice.com,

China aims to avoid coal shortages during the peak summer demand season by stockpiling coal and increasing production.

China boosted its coal production in June to the highest level in six months as it looked to meet power demand for cooling in the summer and as eased mining safety inspections allowed some mines to resume (more…)