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TotalEnergies completes purchase of UK 1.3 GW gas plant
French energy major TotalEnergies has completed its GBP 450m acquisition of UK power producer West Burton Energy – which runs a 1.3 GW gas-fired power plant – from investment firm EIG, West Burton Energy said on Friday.
read more... 12/08/2024
Kazakhstan Now Seeks $160B from International Oil Companies
Kazakhstan’s legal battle against international oil majors involved in the Kashagan oil field has intensified, with the nation’s claims now exceeding $160 billion. The dispute centers around allegations of corrupt deals and financial mismanagement, adding another $10 billion to the already massive demands.
read more... 12/08/2024
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Daily (09.08.2024): British gas prices rose on Thursday amid escalating Russia-Ukraine conflict near transit pipeline
Oil prices extended their gains for the fourth consecutive session on Thursday, rising by over 1% as tensions in the Middle East persisted. As a result, Brent crude closed at $79.16 per barrel, while WTI settled at $76.19 per barrel.
read more... 09/08/2024
Third nuclear power plant proposal lodged in Norway
Norsk Kjernekraft has submitted a proposal to Norway's Ministry of Energy for an assessment of the construction of a power plant based on multiple small modular reactors (SMRs) in the municipality of Øygarden, west of Bergen.
read more... 09/08/2024
OPEC+ produces 437,000 b/d above quota in first month of compensation cuts
OPEC+ crude production in July made its biggest jump in almost a year, as Iraq and Kazakhstan raised their output despite committing to deeper cuts, while Russia also remained well over its quota.
read more... 09/08/2024