Latest news
Egypt targets the increase in natural gas output by 100% by 2020
The Egyptian petroleum ministry declared that the three recently discovered gas fields will boost Egypt’s natural gas output by 50% the next year, and double it by 2020.
read more... 18/07/2017
Saipem designated to build offshore LNG platforms in the Arctic
Russia’s Novatek is planning on surpassing Qatar, the world’s leading exporter in LNG, with the help of Italy’s Saipem, which is expected to be assigned to build LNG platforms on the Gydan Peninsula in the Arctic.
read more... 18/07/2017
Daily (18.07.2017): UK gas price jumped by almost 7% on Monday on high exports to the continent
Oil prices fell on Monday for the first time in the last six sessions. In a monthly report released on Monday, the U.S. EIA estimated a rise in August oil production from seven major US shale players, compared with July, with the Permian Basin expected to see the largest output climb. Brent crude decreased by 1% to close at $48.42 a barrel, while WTI price dropped by 1.12% to end at $46.02 a barrel.
read more... 18/07/2017
Centrica merges oil and gas businesses with Baverngas Norge
The new company will be the result of the joining of British company Centrica’s exploration and production business with Norwegian Baverngas Norge.
read more... 17/07/2017
Panasonic and Toyota create first car with solar panel
Panasonic Corporation has started producing 180-watt solar cells that can be installed on the roof of a car. The cells have been used to mass-produce the first car with a solar panel on its roof.
read more... 17/07/2017