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Russia to deliver Power of Siberia gas from Dec.1

Russia aims to deliver natural gas to China via the Power of Siberia pipeline from Dec. 1, Deputy Chairman of the company Vitaly Markelov said late Tuesday.

read more... 31/05/2019

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UK Oil Production Up 9% In First Quarter

The UK’s crude and natural gas liquids (NGL) production increased by 9 percent annually to reach 1.18 million bpd in the first quarter of 2019, S&P Global Platts quoted statistics from the UK Department of Business, Energy & Industrial Strategy as showing on Thursday.

read more... 31/05/2019

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Daily (30.05.2019): German spot power price plummeted by over 61% ahead of holidays due to lower demand in the region

Crude oil prices declined on Wednesday, as China claims to put further pressure on the trade war with the United States, by using its dominant position in rare earths – a group of 17 chemical elements used to produce various electronics, industrial and military equipment. However, recent supply disruptions in U.S. limited gains. Brent crude decreased by 0.9% to $69.45 a barrel, while WTI futures closed 0.6% down at $58.81 a barrel.

read more... 30/05/2019

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Shell Plans South Africa Oil Expansion With Second Deal

Royal Dutch Shell Plc is planning to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters, months after a major discovery by Total SA boosted the country’s hydrocarbon prospects.

read more... 30/05/2019

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Vestas wins 147-MW Brazilian order from EDF Renewables

Danish wind turbine maker Vestas Wind Systems A/S has received a contract to equip a 147-MW wind farm in Brazil’s Bahia state, it said on Tuesday.

read more... 30/05/2019

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