Data from the 73rd annual edition of the Statistical Review of World Energy highlights several key trends. Global primary energy consumption surged to an unprecedented 620 Exajoules (EJ), marking a 2 per cent increase from the previous year. The report was coauthored with KPMG and Kearney.
Fossil fuel consumption also hit a record high, rising by 1.5 per cent to 505 EJ, propelled by coal, which increased by 1.6 per cent, and oil, which saw a 2 per cent rise, surpassing 100 million barrels daily for the first time.
Despite a slight reduction in their share of the energy mix to 81.5 per cent, emissions from energy activities soared by 2 per cent, crossing the 40 gigatonnes of CO2 threshold for the first time.
Esta historia es de la edición July 2024 de Oil and Gas News.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 2024 de Oil and Gas News.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
MAINTCON to drive resilience in asset management
THE 7th International Maintenance, Reliability, and Asset Management Conference (MAINTCON 2024), being held from October 13-16 at Exhibition World Bahrain, is set to be a landmark event in the industry.
Honeywell, Samsung E&A to reduce power plant emissions
HONEYWELL and Samsung E&A have announced a joint marketing initiative to reduce carbon emissions in the global power plant sector. The initiative aims to combat climate change and align Honeywell's portfolio with three megatrends, including the energy transition.
New EPIC Flex Orbit System boosts downhole completion
GEODYNAMICS, a global leader in perforating, downhole completion, intervention, and wireline conveyed solutions, has launched its EPIC Flex Orbit Perforating System.
MHI upgrades its CO2MPACT series
MITSUBISHI Heavy Industries (MHI) has renewed its CO2MPACT series, a commercially available decarbonisation solution for various industries.
Viking Completion finishes gas project in Germany
VIKING Completion Technology, a leading supplier of well completion equipment and services, has completed a significant gas storage project in Germany.
Sanicro 35 alloy offers strong structural stability
ALLEIMA has introduced Sanicro® 35, a super austenitic alloy that bridges the gap between conventional stainless steels and higher-cost nickel alloys.
ROC is advancing energy with Congo LNG
THE Republic of the Congo (ROC) is making significant strides in its energy sector, with the successful start-up of its Congo LNG development and Moho Nord field expansion project.
ANPG and Sonangol launch Kwanza Basin campaign
ANGOLA'S National Oil, Gas & Biofuels Agency (ANPG) and national oil company Sonangol have launched a 45-day geological data acquisition campaign in the onshore Kwanza Basin to identify the country's largely unexplored hydrocarbon potential.
Namibia's O&G sector is Africa's next big play
NAMIBIA, a nation known for its stunning landscapes and abundant wildlife, is rapidly emerging as a top destination for oil and gas exploration and investment.
Fossil fuels revenue loss could cost Africa: Paper
IN a recent commentary, Dr Oramah, President and Chair of Afreximbank presented a nuanced view on the urgent need for climate action in Africa while acknowledging the continent's reliance on fossil fuels.
