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Vitol boss warns of oil supply 'gap' in 2025-2035 as upstream spending ebbs
The world faces a potential global oil supply shortage over the coming decade as the pullback from fossil fuels project by parts of the industry creates a gap with expected demand, Russell Hardy, CEO of commodity trader Vitol, said June 15.
read more... 16/06/2021
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US waives sanctions against Nord Stream 2 developers
The US has waived sanctions against Russian natural gas giant Gazprom for its ownership of the nearly completed Nord Stream 2 gas pipeline to Germany, and against its CEO, according to a State Department report to the Congress on May 19.
read more... 20/05/2021
Russia's Novatek brings forward start date for Arctic LNG 2's third train to 2025
Russia's Novatek plans to start up the third train at its 19.8 million mt/year Arctic LNG 2 project in 2025, CEO Leonid Mikhelson said May 17, earlier than previous guidance of 2026.
read more... 18/05/2021
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Submarine cable to connect 10.5 GW wind-solar complex in Morocco to the UK grid
UK-based Xlinks is planning to build 10.5 GW of wind and solar in Morocco and sell the power generated by the huge plant in the UK. This should be made possible by a 3,800 km high voltage direct current (HVDC) transmission line that would be connected to locations in Wales and Devon. The company’s CEO, Simon Morrish, spoke with pv magazine about the ambitious project, and on how it should become feasible.
read more... 23/04/2021
Chinese tech firm Xiaomi to develop electric vehicles
The Beijing-headquartered firm's chief executive officer (CEO) Lei Jun will also serve as CEO of the EV subsidiary, which may build a plant in China to manufacture EVs.
read more... 31/03/2021