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OPEC Secretary General Congratulates El-Badri on Platts Award
OPEC Secretary General, HE Mohammad Sanusi Barkindo, has congratulated former OPEC Secretary General, HE Abdalla Salem El-Badri, on recently been honoured at the Platts Global Energy Awards in the ‘Lifetime Achievement’ category. The Secretary General said that El-Badri is an…
Gazprom’s Positions Remaining Stable Amid Changing External Environment
The Gazprom Board of Directors took note of the information about the impacts caused by the events of 2016 on the long-term outlook for the global energy market. It was highlighted that a number of major economic and geopolitical events…
Barack Obama Bans Oil and Gas Drilling in Most of Arctic and Atlantic Oceans
Obama uses law that allows presidents to block sale of new offshore drilling and mining rights and makes it difficult for their successors to reverse decision. Barack Obama has permanently banned new oil and gas drilling in most US-owned waters…
Smart Sensor Solution for Low-Voltage Motors
ABB’s smart sensor, a new condition monitoring solution, connects low-voltage (LV) motors with the twenty-first century. The smart sensor monitors and provides vital motor performance intelligence that helps improve uptime, extend motor lifetimes, and increase machine performance and productivity. It…
China Limits Cars and Closes Factories in Smog Red Alert
The number of cars on roads was limited and factories were temporarily shut in some northern Chinese cities on Monday to reduce pollution during a national smog red alert. More than 700 companies stopped production in Beijing and traffic police…
European Commission Approves Drax Biomass Subsidy
The share price of Britain’s biggest power station operator has jumped to a five-month high after the European commission approved subsidies for its conversion to burn wood pellets instead of coal. Drax was awarded a renewable energy subsidy contract by…
IEA Welcomes Italy’s Plan to Revisit Energy Strategy and Further Decarbonize Economy
In its latest country review of energy policies, the International Energy Agency praised Italy’s comprehensive long-term energy strategy and the acceleration of its efforts to comply with 2020 goals on renewable energy, climate change and energy efficiency. The IEA’s new…