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China to build a milestone wind power project
China has begun the construction of a major wind power project, which will be the country’s largest one, located on an island off Fujian Province.
read more... 04/12/2015
Eni and Anadarko cooperate on Mozambique gas projects
Italy's Eni and Anadarko Petroleum decided to begin development of neighboring Mozambique offshore gas fields since the East African country struggles to turn into a major global supplier of liquefied natural gas (LNG).
read more... 04/12/2015
Ukraine gas reserves declined by 5.1 pct since start of heating season
Ukraine's gas reserves have decreased by approximately 5.1 percent to 16.1 billion cubic metres (bcm) since the start of the heating season in mid-October, transport monopoly Ukrtransgas declared on Thursday.
read more... 04/12/2015
Daily: Oil futures soar ahead of OPEC meeting
Crude oil prices hiked on Thursday, on expectations of a possible reduction in production from the OPEC and the U.S dollar weakness helped crude oil to rebound by nearly 3% of a decline that dragged the WTI below $40 a barrel. On the New York Mercantile Exchange, WTI crude for delivery on January rose $1.14, or 2.9%, to close at $41.08 a barrel. Brent crude for January delivery increased by $1.35, or 3.2%, to close at $43.84 a barrel on London’s ICE Futures exchange.
read more... 04/12/2015
Turkey to reduce LPG imports from Russia
Turkey is preparing to slash imports of liquefied petroleum gas (LPG) from Russia by a significant 25% next year, decision triggered by cooling arising in ties between Ankara and Moscow following the downing of a Russian jet.
read more... 03/12/2015