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Namibia emerges as oil hot spot as major discoveries spark exploration frenzy
Oil companies are increasingly turning their attention to Namibia, attracted by recent offshore discoveries that rank among the largest made this century. Despite not having produced any oil or gas yet, Namibia has become a hot spot for exploration, with major players like TotalEnergies and Shell leading the way…
April 25, 2024 -
Mining sector faces challenges of evolving environmental landscape
Mining and its environmental impacts have traditionally been associated with issues like water and air pollution, tailings dam collapses, and the carbon emissions from coal mining. However, as the world transitions to cleaner energy sources, the extraction of metals such as copper, nickel, and cobalt, essential for…
April 25, 2024 -
Innovations offer potential for US shale industry, but upfront costs pose challenges
Advancements in technology are offering U.S. shale oil and gas companies the potential to reverse declines in productivity, but upfront costs associated with drilling numerous wells are proving to be a deterrent for some firms. Despite record levels of overall output, the amount of oil recovered per foot drilled…
April 25, 2024 -
Geopolitical uncertainty reignites volatility in Europe’s natural gas market
Traders in Europe’s natural gas market are once again feeling uneasy after a year of relative stability. Despite low demand and ample supply, concerns are emerging at the Flame conference in Amsterdam regarding several factors that could impact the market and drive prices higher…
April 25, 2024 -
Concerns mount in US solar sector as trade probe targets Southeast Asian imports
The US solar industry is facing a potential trade probe as seven panel makers and polysilicon producers filed petitions seeking duties on $12.5 billion worth of imported equipment from Southeast Asia. The move, if successful, could lead to tariffs as high as 271.5% later this year, impacting the cost of solar projects…
April 25, 2024 -
Stricter US measures against Iran spark concerns among China’s private oil refiners
As the US House of Representatives passed stricter measures against Iran in response to recent events, including an attack on Israel, China’s private oil refiners are preparing for potential fresh US sanctions on Iranian exports. These refiners, known as teapot refiners, are key players in China’s oil industry…
April 25, 2024 -
US semiconductor strategy focuses on advancing chip R&D and innovation
The Biden administration’s efforts to strengthen the semiconductor industry in the United States include not only funding for domestic manufacturing but also a significant focus on advancing semiconductor research and development (R&D). Through initiatives like the 2022 Chips and Science Act, the…
April 25, 2024 -
EU plans sanctions targeting ships transporting North Korean military equipment to Russia
The European Commission is gearing up to propose sanctions targeting ships involved in transporting North Korean military equipment to Russia, as well as tankers that violate the G7 price cap on Russian oil deliveries. This move is part of the Commission’s ongoing efforts to implement a 14th package of…
April 25, 2024
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