article thumbnail

Abandoned Oil Wells Pose Growing Risks in Permian Basin

OilPrice

As the number of depleted and abandoned oil wells in the West Texas Permian Basin continues to grow in the long shadow of the United States shale revolution, associated environmental and public health hazards are ballooning in tandem.

article thumbnail

China Unveils World’s 1st ‘Meltdown Proof’ Thorium Reactor

OilPrice

More significantly, China has relied heavily on long-abandoned American research According to Guangming Daily, the 2-megawatt experimental reactor is located in the Gobi Desert, and the latest milestone puts China at the forefront in the race to build a practical thorium reactorlong considered a more abundant and safer alternative to uranium.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

China Rejects Russia's Eastern Pipeline Plan

OilPrice

The Russian state-controlled entity, once a critical foreign policy instrument of the Kremlin, has been forced to abandon projects in Central Asia and Latin America recently due to a lack of fiscal muscle. Gazprom has been urgently looking east to add export volume after the dramatic loss of market share in Europe.

Pipeline 363
article thumbnail

Europe’s Oil Majors Scale Back Climate Ambitions

OilPrice

Equinor has also abandoned plans to invest in Vietnam's offshore wind sector, dealing a significant blow to the country's Back in 2022, Norway's state-controlled energy giant Equinor ASA (NYSE:EQNR) laid out its roadmap to achieving net zero emissions.

article thumbnail

U.S. Will Ditch Ukraine Peace Talks If Progress Isn’t Made Soon

OilPrice

The United States will abandon efforts to broker a Russia-Ukraine peace agreement if progress isnt made very soon and unless clear signs emerge that a deal can be reached, U.S. Secretary of State Marco Rubio said on Friday. We're not going to continue with this endeavour for weeks and months on end.

article thumbnail

AI's Potential and Pitfalls in Society Today

OilPrice

AI is either the greatest human invention ever, so powerful it will catapult us into an age of abundance for all and solve our environmental problems as well OR it is the most momentous human invention ever which is so dangerous that it could wipe out human civilization (and therefore must be tightly controlled or abandoned altogether).

article thumbnail

Borehole Battery: A Promising Solution for Energy Storage

POWER Magazine

These wells are often abandoned once […] The post Borehole Battery: A Promising Solution for Energy Storage appeared first on POWER Magazine. For more than a century, fossil fuel companies have drilled oil and gas wells to increase the production, consumption, and export of fossil fuels.