NZCity NewsLinks -

All Links

21 May 2024

Search

Analysis-Global oil markets weaken as sluggish demand leaves overhang

Russian court freezes assets of two German banks in gas project dispute

Residents forced out of Canada's oil sands hub by wildfire cleared to return, officials say

EXPRESSION OF INTEREST IN THE SUPPLY OF MEREENIE GAS
Central Petroleum Limited, the Operator of New Zealand Oil & Gas Limited’s (NZO) Amadeus Assets (Mereenie, Palm Valley and Dingo) has issued the attached media release announcing an Expression of Interest (EOI) for the supply of gas from the Mer

Three new gas plants set to increase Nigeria’s gas supply by 25%

Olive oil getting too pricey? Here's what you can use instead[
Some supermarkets are selling the pantry staple for as much as $30 a litre.

Why olive oil costs so much, and the alternatives
The rising price of olive oil has made the substance a hot commodity, with some supermarkets selling the pantry staple for as much as $30 a litre.

These 12 States Are Banning the Sale of Gas-Powered Cars - CNET
California was the first state to pass the Advanced Clean Cars II regulations. Now, 11 other US states will ban the sales of gas-powered vehicles by 2035.

Crushed Under Gas, Electric and Water Bills? Here Are 8 Easy Ways to Save Money - CNET
Summertime is coming and your energy costs are going to ramp up. Here are some tips that'll help cut down some of those utility costs.

IEA trims 2024 oil demand growth forecast, widening gap with OPEC view

Oil prices up on wildfires in Canada, US inventories drawdown expectations

Man ‘died after falling asleep in house bus with gas cooker on’
Richmond Winklemann’s death has prompted safety warnings after he died of accidental carbon monoxide toxicity while trying to heat his house bus.

King Charles: First official portrait since coronation is unveiled, painted by Jonathan Yeo
The vast oil on canvas shows a larger-than-life King Charles in the uniform of the Welsh Guards.

New scam: make your own snake oil at home!
These days I'm getting much more fun out of the scams that YouTube thrusts down your throat in each ad break than from the actual videos people upload. Here's another.

Would you pay $30 for a litre of olive oil?
Prices have hit dizzying heights. Here’s why.

Oil Tanker Hit by Missile Off Coast of Yemen, AFP Reports

Oil set for weekly gain on signs of improving demand

Rain, cooler temperatures help prevent wildfire near Canada's oil sands from growing

Lula Pushes New Petrobras CEO to Boost Refinery, Gas Investments

Exclusive-US to favor existing investors for Venezuela oil licenses, say sources

Microsoft’s AI obsession is destroying the company’s climate goals
Technology giant Microsoft recently released its sustainability report for the 2023 financial year, and it didn’t exactly have positive numbers. Microsoft set a climate goal in 2020 to become carbon negative by 2030, sequestering more carbon dioxide from the atmosphere than it emits, but the company seems to be on the wrong track to achieve this goal. Microsoft’s greenhouse gas emissions increased by 30 percent in the 2023 financial year — and it’s all Copilot’s fault. The big culprit is the company’s huge AI investments. It takes huge amounts of energy to train and use AI models. The International Energy Agency expects energy consumption for data centers worldwide to increase from 460 TWh in 2022 to between 620 and 1,050 TWh by 2026, due to AI and cryptocurrency use. For context, Sweden’s total energy consumption in 2022 was approximately 508 TWh. Microsoft CEO Brad Smith confirmed in an interview with Bloomberg that the previous climate goals are now much harder to reach, precisely because of AI. “In 2020, we unveiled our ambitious carbon target. That was before the explosion in artificial intelligence. In many ways, we are now five times further away from reaching them than we were in 2020, if you just think about our own forecast for the expansion of AI and its electricity needs,” Smith said. Further reading: Copilot Pro: What can Microsoft 365’s premium AI do? Business, Robotics

Expedition to submarine volcano to explore causes of 21st century’s biggest eruption
Kiwi scientists will be investigating whether the eruption was caused by a gas-driven climactic explosion.

OPEC sticks to oil demand view, shifts key forecast to OPEC+

Arthur Irving, who grew his family's oil business and was one of Canada's richest men, dies at 93

Oil prices tick up on tighter supply outlook

Cow dung's key role in India's energy industry
India is hoping that biogas, produced from farm waste, will curb its reliance on imported gas.