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OMV Petrom gets E&P license for Georgian Black Sea perimeter
Georgia’s Oil and Gas Agency has granted oil and gas exploration and extraction licenses to Romanian oil company OMV Petrom, a member of the Austrian OMV Group, Bm.ge reported.
read more... 29/06/2020
Almost half UK’s electricity generation was from renewables in the first quarter
Quarterly renewables share has never previously exceeded 40% of total electricity generation, according to the BEIS report
read more... 29/06/2020
Daily (29.06.2020): Brent and WTI dropped by 2.8% and 3.2% for the week as the coronavirus spread is likely to cloud the demand outlook
Crude oil futures turned bearish on Friday as the spread of coronavirus in the U.S. and China are expected to hurt demand recovery. However, a record build-up in U.S. crude inventories added further pressure on the WTI crude price. Hence, Brent crude steadied at $41.02 a barrel. At the same time, U.S. WTI crude fell by 23 cents, or 0.6%, to settle at $38.49 per barrel. For the week, Brent dropped by 2.8%, while WTI crude shed by 3.2%.
read more... 29/06/2020
Biomethane injected – for the first time – into the Irish gas grid
The project will initially supply enough biomethane to reduce Ireland’s CO2 annual emissions by 7,200 tonnes
read more... 29/06/2020
Daily (26.06.2020): Oil prices rebounded on Thursday after a 5% loss, as U.S. economic data lent support
Crude oil futures edged higher in a volatile session on Thursday, rebounding after a 5% loss in the previous session, with the market oscillating between rather encouraging U.S. economic data and fears on the health front. Hence, Brent crude by rose 74 cents, or 1.8%, to settle at $41.05 a barrel. At the same time, U.S. WTI crude settled 71 cents, or 1.9%, higher at $38.72 per barrel.
read more... 26/06/2020