Latest news
Oil industry needs $10.6 trillion investment up to 2040
Upstream sector requires $8.1 trillion, while downstream and midstream need $1.4 trillion and $1 trillion between 2018-2040
read more... 05/11/2019
UK Gov't Halts Fracking In England Ahead Of General Election
The U.K. fracking industry has grounded to halt as the British government ended its support for the controversial practice of extracting oil out of the ground, reported Bloomberg.
read more... 04/11/2019
Discovery Of 1 Billion Tons Of Reserves In Gangsu Oil Field Boosts Industry Confidence
China's scaling up of its oil and gas detecting and exploiting technologies has paid off as it has now added a significant amount to its geological reserves. PetroChina Changqing Oilfield Company, the regional branch of China's PetroChina, has discovered an additional 1 billion tons of oil from shale oil resources at its oil field in Qingcheng, Northwest China's Gansu province.
read more... 29/10/2019
Scots forge new alliance with 8GW offshore vision
The Scottish government and offshore wind industry have launched a new partnership that aims to reach 8GW of installed capacity by 2030.
read more... 29/10/2019
Czech Republic needs more nuclear units, report shows
The Czech Republic will need to build not only one new unit at its Dukovany nuclear power plant, but also more reactors at Temelín if it is to avoid becoming dependent on electricity imports from 2030, Deputy Prime Minister and Minister of Industry and Trade Karel Havlíček said yesterday. Havlíček cited the latest Mid-term Adequacy Forecast (MAF CZ 2019) published on 18 October by high-voltage grid operator operator ČEPS.
read more... 23/10/2019