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European electrolyzer manufacturers commit to boosting capacity tenfold by 2025

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European Commissioner for Internal Market Thierry Breton and European electrolyzer manufacturers last week met in Brussels to discuss how to increase industry’s capacity to produce electrolyzers used to produce clean hydrogen. —Commissioner for Internal Market, Thierry Breton.

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Rusnano and I2BF invest $20M in Nesscap; production and research in Russia

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Nesscap will use the proceeds from this financing for the establishment of a full-scale production facility for ultracapacitors and accompanying research center in the Russian Federation (US $15,000,000) and for the expansion of Nesscap’s current manufacturing and core R&D operations in Korea and for general corporate purposes (US $5,000,000).

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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In practice, the call for a change is a call for Saudi Arabia and Russia, the two dominant global crude exporters, which each daily export over seven-plus mmbbls (including condensates and NGLs) and which each see the other as the key to any "balancing" moves, to bear the brunt of any production cuts.

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CNPC’s first hydrogen station in Beijing in operation

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CNPC) is an integrated international energy company. Based in China, it has oil and gas assets and interests in more than 30 countries in Africa, Central Asia-Russia, America, the Middle East, Asia-Pacific, and other regions. In China, CNPC has 22,62 service stations.

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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. After Russia began its full-scale invasion of Ukraine in late February 2022, the impacts of reduced global refining capacity were exacerbated.

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Rosneft and BP sign agreement on development of Domanik tight-oil formations

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The joint venture company (Rosneft 51%, BP 49%) will be incorporated in Russia. The Domanik region in Russia. In BP’s Energy Outlook 2035 , released in January, the company’s analysts suggested that Russia will become one of the world’s top tight oil suppliers, although far behind the US. Source: USGS. Click to enlarge.

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Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

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Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. Russia and China Cozy Up. Reign of the USD. Before the 20 th century, the value of money was tied to gold.

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