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Russian oil company enters two blocks offshore Egypt
On December 24, 2019, in Cairo, Zarubezhneft JSC, the Ministry of Oil and Mineral Resources of Egypt, the Egyptian state holding oil company GANOPE, and Pacific Oil Limited, have signed a production sharing agreement for the South East Ras El Ush and East Gebel El Zeit blocks.
read more... 27/12/2019
Daily (18.12.2019): Crude oil prices settled higher for a fourth straight day on Tuesday after “phase one” of the U.S.-China deal
Crude oil futures settled higher for the fourth day in a row on Tuesday, spurred by Friday’s announcement of a “phase one” trade agreement between the United States and China, deal aimed to increase oil demand in 2020.
read more... 18/12/2019
Daily (17.12.2019): German spot power skyrockets 58% on stronger consumption outlook
Crude oil futures slightly increased on Monday after reaching a three-month high on Friday, as the traders have taken a wait-and-see attitude. The U.S. and China have reached phase one of their trade agreement after 18 months of political tension. Brent crude for February delivery rose by 12 cents, or 0.2%, to settle at $65.34 a barrel, while WTI crude for January delivery added 14 cents, or 0.2%, to close at $60.21 a barrel.
read more... 17/12/2019
Enercon signs exclusive 607-MW turbine option in Chile
Germany’s Enercon GmbH has signed an exclusivity agreement with Chilean power utility Colbun SA, securing an option to supply turbines for the 607-MW Horizonte onshore wind project in the Atacama Desert.
read more... 17/12/2019
Total to supply LNG fuel to CMA CGM vessels for 10 years
French energy major Total and compatriot shipping company CMA CGM have signed an agreement for the supply of approximately 270,000 tonnes of LNG per year over ten years.
read more... 05/12/2019