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Iran and Iraq seal a 6-year gas deal

Iran and Iraq sealed a 6-year gas deal on November 11, under which Tehran will export 25 million cubic meters per day (mcm/d) to feed three power plants in Iraq’s port city of Basra.

read more... 12/11/2015

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Statoil establishes tougher 2020 CO2 target to reduce increasing emissions

Norway's Statoil set a new goal on Wednesday to improve the efficiency of its oil and gas operations by 2020 to aid reduce the firm's increasing carbon dioxide emissions.

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CEZ intends to bring idle reactors back on line this year

Czech electricity producer CEZ intends to bring all three idle units at its Dukovany nuclear electricity station back online this year to end continued outages that cut into 2015 earnings.

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Daily: Crude oil plunges to the lowest level since 27 August on supply jitters

Crude oil prices reversed gains from the previous day, plunging about 3 percent on Wednesday, touching August lows, sparking new worries about growing U.S. crude stockpiles and supplies from Iraq. Brent crude declined $1.63, or 3.4 percent, to settle at $45.81 a barrel, posting a session low of $45.62, the lowest since August 27. U.S. West Texas Intermediate contract eased $1.28, or 3 percent, to close at $42.93.

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ENGIE to purchase LNG “made in the USA”

France will soon use liquefied natural gas from the United States to cover its energy needs, as French gas companies are not allowed anymore to exploit unconventional resources following the adoption of anti-fracking law in 2011.

read more... 11/11/2015

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