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China’s fossil fuel consumption will drop in 2050: CNPC
China’s renewable energy consumption will raise in 2050 since country is to consume less fossil fuel, as stated in a report by China National Petroleum Corporation. China’s total energy consumption will hit its peak of 3,750 million tons of oil equivalent (mtoe) around 2035, according to the China National Petroleum Corporation’s (CNPC) latest report.
read more... 18/07/2016
Gazprom launches an innovative product to remediate oil spills
Russian energy giant Gazprom launched an innovative product that can help degrade oil spills.
read more... 11/07/2016
Russia might vend Rosneft stake to India, China
Russian government might vend 19.5 percent stake in Rosneft to India and China, as stated in a report by Bloomberg.
read more... 21/06/2016
Spain’s Repsol deals with $5.5 billion claim from Chinese company
Spanish oil company Repsol has announced it deals with a $5.5 billion (£3.74bn) arbitration claim from a Chinese state-controlled firm.
read more... 21/06/2016
Russia’s Lukoil envisages sale of oil refineries in Europe
Russia’s oil company Lukoil mulls spinning off or selling its downstream assets in Europe to focus on exploration both in Russia and abroad, according to Chief Executive Vagit Alekperov.
read more... 20/06/2016