Tag - energy

 
 

ENERGY

Vitol, the world's biggest trader, has increased its total equity to $26 billion even after paying $5 billion in record dividends after earning $15 billion in 2022.
BUSINESS / Markets
Feb 26, 2024
Top global energy traders face multibillion cash quandary
Most trading houses, which are privately owned and controlled by their employees, disclose little about their cash position, equity or dividends.
The Nautica, a replacement oil tanker for the decaying FSO Safer, arrives in the Red Sea port of Hodeidah, Yemen, in July last year.
BUSINESS
Feb 25, 2024
Shortage of oil tankers at hand as Red Sea attacks divert trade
Only two new supertankers join the fleet in 2024 — the fewest additions in almost four decades.
Fatih Birol, executive director of the IEA
ENVIRONMENT / Energy
Feb 21, 2024
How to reinvent yourself at 50: An IEA guide
It would be an understatement to say that the energy industry has gone through a lot of change.
Demonstrators hold Iranian flags and a huge inflated figure representing Iran's Supreme Leader Ali Khamenei holding a nuclear bomb as they protest against the Iranian regime on Friday in Munich.
WORLD / Politics
Feb 20, 2024
Iran's nuclear enrichment exceeds commercial needs, says IAEA chief
The IAEA warned at the end of 2023 that Tehran already had enough material to make three nuclear bombs if it enriches material now at 60% to beyond 60%.
Vitol, the world's largest independent oil trader, is considering opening an office in Tokyo to trade electricity, sources said.
BUSINESS / Companies
Feb 16, 2024
Vitol considers entering Japan power market with Tokyo office
Japan's power market is attracting more overseas firms due to increased volatility amid shifts away from fossil fuels
A man walks through panels at a solar power plant under construction in Aksu, in the Xinjiang Uyghur Autonomous Region of China, in 2012.
BUSINESS / Companies
Feb 6, 2024
Banned Chinese solar goods worth billions find route to U.S. via India
Amid a solar boom, India’s largest panel-maker has sent millions of panels to the U.S. made with parts from a Chinese firm denied entry to the U.S. market.
JAPAN
Feb 1, 2024
Jera to check two thermal power plants in Japan after fire
The firm will conduct inspections at the Hekinan facility in Aichi Prefecture and the Hitachi Naka plant in Ibaraki Prefecture.
Snow collects on solar panels in a residential district of Berlin.
ENVIRONMENT / Climate change
Jan 23, 2024
China overtakes the EU on clean-energy research, study shows
China led on the number of peer-reviewed publications in areas including solar and wind power, as well as lithium battery, heat pump and carbon-capture technology, in 2021.
Local authorities say oil tanks at this storage facility caught fire after the military brought down a Ukrainian drone, in the town of Klintsy in the Bryansk Region, Russia, on Friday.
WORLD / Politics
Jan 23, 2024
Ukrainian drone attacks menace key Russian oil export route
Keeping Russia’s oil exports steady is crucial for the Kremlin, which receives approximately 30% of total budget revenues from the nation’s energy industry.
An offshore wind turbine off the coast of Naraha, Fukushima Prefecture, in 2013. Japan aims to increase its offshore wind power capacity to 10 GW by 2030.
ENVIRONMENT / OUR PLANET
Jan 21, 2024
As Japan makes major investments in wind power, some residents are pushing back
In a sense, the city of Ishikari represents the idealized, natural version of Hokkaido for many Japanese. Some residents say massive wind turbines will destroy that image.
Solar installations in the village of Hjolderup in Denmark
ENVIRONMENT / Climate change
Jan 21, 2024
Europe’s climate push fails to stem crisis in solar industry
Despite insistence to push for more homegrown energy infrastructure, governments have been slow to prop up the ailing industry.
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China, in October 2018.
BUSINESS
Jan 20, 2024
China defies sanctions to make Russia its biggest oil supplier in 2023
Russia shipped a record 107.02 million metric tons of crude oil to China last year, equivalent to 2.14 million barrels per day (bpd), the Chinese customs data showed.
Wind turbines at an RWE wind farm off the coast of Great Yarmouth, England. RWE operates 3.3 gigawatts of offshore wind power in Europe.
BUSINESS / Companies
Jan 19, 2024
RWE plans further Japan offshore wind push after Niigata win
The German renewable energy company believes floating offshore projects will be the key to achieving the nation's goal of generating 45 GW of wind power by 2040.
An old growth forest near Fort St. James, British Columbia, Canada, in an area where pellet producer Drax is permitted to cut.
ENVIRONMENT / Energy / OUR PLANET
Jan 14, 2024
Japan's thirst for biomass is having a harmful impact on Canada's forests
Experts and activists say biomass is not the climate solution it might appear to be on the surface and is far from being sustainable.
A worker guides drilling pipes on the Gazprom PJSC Chayandinskoye oil, gas and condensate field in Russia's Sakha Republic.
WORLD / Politics
Jan 10, 2024
Russia’s oil drilling boom proves Moscow’s resilience to Western sanctions
In the first 11 months of 2023, Russia's drilling was on track to beat the post-Soviet record.
JAPAN
Jan 2, 2024
Japan's nuclear power plants largely undamaged following quake
While the plants escaped serious damage, the tremor could once again spark public concern about the safety of nuclear energy.
Workers push damaged solar panels into a machine to be recycled at the We Recycle Solar plant in Yuma, Arizona.
ENVIRONMENT / Energy
Dec 25, 2023
'Urban mining' offers green solution to old solar panels
Silver, copper, aluminum, glass and silicone are all commodities that can be harvested from old panels and have value on the open market.
In writing "Climate Capitalism: Winning the Global Race to Zero Emissions," journalist Akshat Rathi said his goal was to try and determine where climate solutions are being built and uncover the challenges that they face.
ENVIRONMENT / Climate change / OUR PLANET
Dec 24, 2023
Finding crucial solutions in a time of climate crisis
Journalist Akshat Rathi explores the economic side of the emergency in his book ‘Climate Capitalism.'
BUSINESS
Dec 23, 2023
JERA starts operating Yokosuka coal-fired plant ahead of schedule
The move comes despite mounting criticism over its continued use of power plants that are fired by the dirtiest fossil fuel.
A climate activist arranges artwork expressing opposition to fossil fuels at Dubai's Expo City during the United Nations Climate Change Conference COP28 in Dubai on Dec. 12.
ENVIRONMENT / Climate change
Dec 19, 2023
COP28 deal on fossil fuels puts new focus on 'just transition'
From coal miners to offshore oil rig engineers, 32 million people who work in the fossil fuel industry face losing their livelihoods.

Longform

Figure skater Akiko Suzuki was once told her ideal weight should be 47 kilograms, a number she now admits she “naively believed.” This led to her have a relationship with food that resulted in her suffering from anorexia.
The silent battle Japanese athletes fight with weight