The world’s energy landscape is experiencing an unexpected twist: an oversupply of natural gas. As economies grapple with the aftermath of the pandemic, the gas market finds itself in a paradoxical situation. The Glut Unveiled Demand Dilemma Price Plunge Environmental Implications Conclusion The global gas glut is a paradox: abundantRead More →
Green? The UK government has announced a plan to issue over 100 new oil and gas licences in the North Sea, as part of its drive to make Britain more energy independent and reduce reliance on imports. The Prime Minister said that even when the UK reaches net zero by 2050,Read More →
Norway’s massive sovereign wealth fund reported a first-quarter profit of 1.21 trillion kroner ($109.9 billion) – bolstered by strong returns from its technology stock investments it was announced on Thursday 18th April 2024. Established in the 1990s, Norway’s sovereign wealth fund, the largest in the world, invests the surplus revenueRead More →
The natural hydrogen gold rush is captivating attention worldwide as a potential game-changer in the quest for cost-effective, low-carbon energy sources. Countries such as the U.S., Canada, Australia, France, Spain, Colombia, and South Korea are actively engaged in exploratory efforts for geological hydrogen. What Is Natural Hydrogen? Natural hydrogen, also referred toRead More →
Norway has a long history of carbon management. For nearly 30 years, it has captured and reinjected carbon from gas production into seabed formations on the Norwegian continental shelf. Norway’s government wants to show the world it is possible to safely inject and store carbon waste under the seabed, sayingRead More →
Norway’s giant sovereign wealth fund reported record profit of 2.22 trillion kroner ($213 billion) in 2023, supported by returns on its investments in technology stocks. Despite high inflation and geopolitical unrest, the equity market in 2023 was strong, compared to a very weak year in 2022. It follows a recordRead More →
Wasted wind power will add £40 to the average UK household’s electricity bill in 2023, according to a think tank. That figure could increase to £150 in 2026, Carbon Tracker has estimated. When it is very windy, the grid cannot handle the extra power generated. So, wind farms are paidRead More →
A report published Tuesday by the Kick Big Polluters Out coalition found that at least 2,456 fossil fuel lobbyists registered to attend the two-week long summit. That’s more than almost every other country delegation, except for Brazil (3,081) and COP28 host the United Arab Emirates (4,409), the report said. SupportersRead More →
United Nations’ biggest and most important annual climate conference to-date, gets underway as the United Arab Emirates on Wednesday 29th November 2023 defended what it described as ‘fake news’ designed to undermine its work as the host of the COP28 climate conference. The UAE organizers slammed a number of ‘fake press‘Read More →
The UK energy price cap is expected to rise by 5% in January 2024, which means that a typical household who pays by Direct Debit will face an annual bill of £1,931, up from £1,834 in the previous quarter. This increase comes at a “difficult period” for struggling households, asRead More →
Many large tech companies are planning to create their own energy supply or source power from 100% renewable generators. This is mainly because they have high electricity consumption, especially for their data centres, and they want to reduce their carbon footprint and achieve net-zero emissions targets. BIG tech companies thatRead More →
Will these projects alter the world weather pattern? According to a study, installing large-scale wind and solar farms in the Sahara desert could increase rainfall and vegetation in the region. The researchers simulated the effects of covering 20% of the Sahara with solar panels and wind turbines and found that itRead More →
Why do we fart, and why is it funny and embarrassing too? Farting is a natural and normal part of digestion that reflects the activity of the bacteria in your gut. You might also notice that you fart more when you eat certain foods that are more difficult to digest,Read More →
The Rosebank oil and gas field is a controversial project that has been approved by the UK government despite the concerns of environmental activists and some politicians. It is located about 80 miles west of Shetland in the North Sea and is estimated to contain 500 million barrels of oil.Read More →
Water stress measures the amount of available supply a country uses to meet demand, and is expected to worsen as the climate warms. A quarter of the world’s population is currently exposed to extremely high annual water stress, according to new data from the World Resources Institute (WRI). New dataRead More →
New car show room We just don’t have the funds, do we? UK Prime Minister Rishi Sunak is reportedly planning to water down some of Britain’s climate commitments, saying the country must fight climate change without penalising workers and consumers. Sunak issued a statement Tuesday in response to a BBCRead More →
Latest U.S. inflation figures The latest inflation figures for the U.S. show that the annual inflation rate rose to 3.7% in August 2021, up from 3.2% in July 2021. This was mainly driven by a sharp increase in energy prices, which jumped up 10.5% over the last month. Gas (petrol) prices accounted for more than half ofRead More →
Japan launched a rocket on 7th September 2023 carrying an X-ray telescope that will explore the origins of the universe and a small lunar lander. The launch of the HII-A rocket from Tanegashima Space Centre in southwestern Japan was shown live by the Japan Aerospace Exploration Agency (JAXA). Thirteen minutesRead More →
The 89 threats to life in the UK are listed in a recent report called the National Risk Register (NRR), which was published by the Deputy Prime Minister Oliver Dowden on 3rd August 2023. The NRR is an assessment of the risks facing the UK that would have a significantRead More →
Thomas Edison – inventor 1847 – 1931 Thomas Edison was an American inventor and businessman. He developed many devices in areas such as electric power generation, mass communication, sound recording, and motion pictures. These inventions, which include the phonograph, the ‘motion picture camera’, and early versions of the electric ‘light bulb’. During his working life he is reported toRead More →
According to the Office for National Statistics (ONS) – Inflation fell to 6.8% in the year to July 2023, down from 7.9% in June. A reduction was anticipated by analysts, and there are signs the cost of living could be easing finally, after figures on Tuesday revealed wages rose 7.8% annuallyRead More →
Interest rate pushed to 12% Russia’s central bank has announced a surprise hike in its key lending rate by 3.5%, from 8.5% to 12%, as the country’s economic recovery loses steam amid a resurgence of COVID-19 cases and weak domestic demand. The decision was announced after an emergency meeting ofRead More →
The U.S. cyber hacker challenge is a new initiative launched by the Biden administration in August 2023 to use artificial intelligence (AI) to protect critical U.S. infrastructure from cybersecurity risks. The challenge will offer $20 million in prize money and includes collaboration from leading AI companies Anthropic, Google, Microsoft and OpenAI,Read More →
Up slightly for the first time in a year U.S. consumer prices rose a mild 0.2% in July, but the rate of inflation rose for the first time in more than in a year in a sign it’s going to take a while to get the cost of living fullyRead More →
According to the chancellor Jeremy Hunt, the UK economy is caught in a trap The UK and other advanced economies are facing a low-growth trap that is hard to escape. This means that the potential growth of the economy, which depends on factors such as productivity, innovation, investment, and labour force, isRead More →
Leader China has been leading the global electric vehicle (EV) market for years, thanks to its large domestic demand, generous government subsidies, and well-established battery and electronics industry. However, the west is not giving up on the race to electrify the transport sector and reduce greenhouse gas emissions. Europe reportedlyRead More →