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North Macedonia considers coal phase out between 2025-2040

North Macedonia is planning to end its use of coal for energy production by 2040 at the latest and sees a phase-out by 2025 as the cheapest option in two of three scenarios, environmental groups which helped draw up the strategy said on Monday.

read more... 25/02/2020


Total, PTTEP win onshore exploration concession Block 12 in Oman

Total and Thailand-based PTT Exploration and Production Public Company (PTTEP) have won the rights to Block 12, a nearly 10,000km2 onshore exploration concession in Oman.

read more... 21/02/2020


Daily (11.02.2020): Oil prices at their lowest levels in 13 months on Monday as OPEC hesitates to cut more output

Oil futures collapsed to their lowest levels in more than a year on Monday amid signs that OPEC and its allies are unlikely to convoke an emergency meeting to cut additional production of black gold.

read more... 11/02/2020


Daily (10.02.2020): European spot power prices plummeted on Friday on strong wind output, weaker demand

Crude oil prices ended on a sour note on Friday, posting a fifth consecutive week of losses, after Moscow declared it needed more time mulling over deeper production cuts proposed by OPEC to deal with a sluggish energy demand.

read more... 10/02/2020


Oil production reaches a record high in Kazakhstan

Oil production in Kazakhstan reached a record high in the entire history of the development of the oil and gas industry in the country, the FinFeview reported.

read more... 04/02/2020