Tag: fossil
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Oman Oil: We focus on fossil fuels…and the uncertainty surrounds hydrogen projects
Petroleum Development Oman leads the energy sector in the Sultanate. As it is responsible for producing the largest percentage of crude oil and natural gas, its concession area covers the equivalent of a third of the country’s geographical area, and it owns about 205 producing oil fields and 64 fields for natural gas production. In…
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Australia passes landmark law to reduce fossil fuel companies’ emissions
It seems that the dream of passing a law to reduce the emissions of major fossil fuel companies in Australia has finally come true, after long discussions between the government and MPs, with the aim of controlling pollution from major industrial sites. Parliament succeeded in ratifying the most important law to reduce emissions in Australia…
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Egyptian Minister of Petroleum: Renewable energy is not an “enemy”… Fossil fuels are important for transformation
The Egyptian Minister of Petroleum, Engineer Tarek El-Molla, confirmed that moving forward towards the energy transition at a rapid pace may pose an economic and political danger at the same time, citing the repercussions of the Russian-Ukrainian war on the markets. He pointed out that fossil fuels are an important tool for achieving this transition,…
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76% of Australian investors exclude fossil fuels (survey)
Investors in Australia are seeking to wean off fossil fuels, in line with the country’s policy to cut carbon emissions by 43% by 2030. As is the case in various countries of the world, investors are facing increasing pressure to stop subsidizing new production of oil, gas and coal projects, in order to control global…
