Daily Newsletter

07 September 2023

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Daily Newsletter

07 September 2023

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Spotlight

Peril on High Seas: the Yemen oil tanker and the menace of oil spills

The Yemen oil tanker crisis serves as a grim reminder of the environmental risks associated with oil spills in war-torn and disturbed regions. Ashima Sharma reports.

Latest news

Wintershall Dea says remaining operations are strong as it tries to exit Russia

Following Moscow's invasion of Ukraine, Wintershall Dea chose to formally split its local operations.

07 September 2023

ADNOC makes FID for Habshan carbon capture project

ADNOC expects the project to increase its capacity to capture carbon dioxide by threefold to 2.3 million tonnes per annum.

07 September 2023

Hundreds of millions of dollars pledged for carbon credits at inaugural African climate summit

The United Arab Emirates Carbon Alliance has committed to buying $450m worth of carbon credits from the continent’s carbon market.

07 September 2023

Wintershall Dea’s Russia exit plan impacts 500 jobs

The company plans to legally separate its business from joint ventures with Russia by mid-2024.

07 September 2023

US plans to sell emergency gasoline stockpile

The million-barrel stockpile was established in 2014 after Hurricane Sandy wreaked havoc on fuel terminals.

07 September 2023

Saudi Arabia and Russia to extend 1.3 million bpd oil production cuts

The joint announcement will seek 1.3 million bpd held back despite objections from the US.

07 September 2023

bp signs LNG offtake deal with Woodfibre LNG in Canada

bp will purchase a total of 1.95 million tonnes per annum of LNG from the Woodfibre LNG facility, which is due to be commissioned in 2027.

07 September 2023

AI - a critical tool to achieve net-zero emissions target

Implementing AI in the energy sector will benefit resource management, failure prevention, and predictive analytics for renewables. The power industry is investing heavily in AI and ML to deliver the necessary solutions, such as sensor-connected power plants and smart grids to balance electricity supply and demand. Recent advancements in generative AI hold promise for elevating the existing AI framework within the energy sector.