In The News

Dan Murtaugh December 15, 2019
Kawasaki Heavy Industries launched the world’s first liquefied hydrogen carrier, the Suiso Frontier, a step in “tapping the carbon-free energy potential of the lightest element,” reports Dan Murtaugh for Bloomberg. “Hydrogen can be produced using water and electricity, and then stored and shipped and re-used to generate power, allowing countries with little space for wind and solar equipment to...
Georgi Kantchev December 3, 2019
A new 1800-mile pipeline called the Power of Siberia has begun delivering Russian natural gas to China, a crucial link between the two countries. Russian President Vladimir Putin and his Chinese counterpart Xi Jinping presided over the launch via video. The project is a tangible symbol of the Beijing-Moscow economic and trade partnership in economics as well as mutual political support for...
Matt McGrath November 6, 2019
The United Kingdom, investing £200 million, expects to unveil a demonstration nuclear fusion model by 2025 and to use such reactors to supply energy by 2040. Nuclear fusion relies on heating hydrogen atoms at high temperatures to replicate the processes of the Sun on Earth, explains Matt McGrath for BBC News. “With the price of wind and solar continuing to drop, experts say these existing...
October 22, 2019
Rising energy costs lead to consternation in emerging economies, especially net importers of oil as well as the many that rely on fuel subsidies. A proposed hike in subway fares by Chile's President Sebastián Piñera prompted protests that led to protests, clashes with security forces – leading to more than 300 arrests and three deaths. “The protest by students began on Monday when hundreds...
Elana Sulakshana September 24, 2019
Insurance industries provide coverage against disaster to all types of industries, complex equipment and operations. Swiss insurance company Chubb has announced that it will no longer underwrite risks related to construction and operation of new coal-fired plants. Chubb “will not underwrite new risks for companies that generate more than 30% of revenues from thermal coal mining … [and] will phase...
September 18, 2019
Nations that rely on oil imports are closely monitoring global supply after attacks on a Saudi Aramco facility cut half that country’s production capability, representing about 5 percent of the world’s supply. Crude and refined petroleum lead South Africa’s imports, most from Saudi Arabia. “South Africa’s top two oil suppliers – Saudi Arabia and Nigeria – are in regions that could, at best, be...
Richard N. Haass June 18, 2019
Iran has been public enemy number one for the Trump administration, with the United States withdrawing from the nuclear deal brokered by former President Barack Obama and imposing harsh sanctions. Iran’s oil exports and the economy as a whole is experiencing a harsh slowdown. Other nations abide by US policy, but the Iranian regime may outlast the US pressure due to its inimitable institutional...