Aramco Pauses Plans to Increase Crude Production Capacity Saudi Arabia’s state-controlled Aramco announced on Tuesday that it is putting on hold its plans to raise its crude production capacity. The company had initially aimed to increase capacity from 12 million barrels per day to 13 million barrels per day. This decision comes amidst growing uncertainties…
Xpeng Secures $700 Million Investment from Volkswagen for Joint Development Chinese electric car startup Xpeng has announced a major collaboration with Volkswagen, receiving a $700 million stake to jointly develop two cars specifically designed for the Chinese market. This partnership comes at a crucial time for Xpeng, as the company seeks funding, while foreign automakers…
Record-Level Extreme Weather Events: What You Need to Know Introduction If you feel like record-level extreme weather events are happening with alarming frequency, you’re not alone. Scientists say it’s not your imagination. “The number of simultaneous weather extremes we’re seeing right now in the Northern Hemisphere seems to exceed anything at least in my memory,”…
Asia Needs to Achieve Net Zero Before the World Can Do So According to the CEO of Malaysia’s state-owned oil and gas company Petronas, Asia needs to achieve net zero before the world can do so. Tengku Muhammad Taufik explained during the Energy Asia summit in Kuala Lumpur that the bulk of emissions expected to…
Norway Calls on Energy Companies to Ramp Up Arctic Exploration Introduction The Norwegian government is calling on energy giants to ramp up oil and gas exploration projects in remote regions like the Arctic Barents Sea, defying a sense of palpable frustration among climate campaigners as the Nordic country seeks to shore up its position as…
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