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Gas
Crude
Oil Falls 1% as Russia Needs Time to Mull more Opec+ Supply Cuts
Oil prices fell 1 per cent on Friday as Russia said it needed more time before committing to output cuts sought by other large producers while the coronavirus o…
Crude
Oil Climbs After Russia Backs Possible Output Cuts to Counter Coronavirus Impact
Oil prices rose on Friday after Russia said it backs a recommendation for the OPEC and its producer allies to deepen output cuts amid contracting demand for cru…
Oil & Gas Trade
US DoE Aims to Double Oil and Gas Production Rates
Fossil energy secretary puts his faith in technological development to boost output and CCUS to ultimately reduce emissions.
Oil & Gas Trade
ExxonMobil Exports Second Crude Cargo from Guyana
Guyana’s second crude oil shipment left ExxonMobil’s Liza Destiny platform Wednesday and is heading to Panama.
Market Analysis
Total to Acquire 50% Stake in Solar Projects Held by Adani Green
French oil and gas group, Total, on Thursday said it has signed a deal with Adani Group, India's energy and infrastructure conglomerate, to acquire a 50 per cen…
GE to Add 253 MW to Côte d’Ivoire Gas Turbine Plant
GE is to carry out a 253 MW gas turbine extension to a power plant in Côte d’Ivoire which is expected to deliver 30 per cent of the country’s electricity.
Financial Close Reached for Expansion of Azito Gas-Fired Power Plant
A financial close has been reached to pave way for expansion of Azito gas-fired power plant in Côte d’Ivoire. Independent power producer Globeleq and IPS (Wes…
Thermal Plant
Kazakhstan Mulls Transfer of Thermal Power Station of Almaty into Gas
Minister of Ecology, Geology and Natural Resourses of Kazakhstan is considering transfer of the thermal power station-2 of Almaty city into a gas or installatio…
Oil & Gas Trade
Sinopec Provides Free Natural Gas for Makeshift Hospital in Wuhan
China Petrochemical Corporation (Sinopec), China's largest oil refiner, started to provide free natural gas Tuesday for Leishenshan hospital, one of the makeshi…
Oil Price
Oil Prices Jump 2% as Virus Vaccine Reports Spur Hope
Also supporting oil was news that the Organization of the Petroleum Exporting Countries (OPEC) and its producer allies were considering further output cuts to c…
Quadra’s 223 MW Voronezh Combined Cycle Plant Achieves Commercial Operation
Quadra Power Generation has announced that its Voronezh CHPP-1 combined-cycle power plant achieved the start of commercial operation, using four of GE’s SPRINT…
Crude
Rosneft Inks Deal with India’s Top Refiner on up to 2 MILLION Tons of Crude Supplies
The signing took place during Rosneft CEO Igor Sechin’s visit to New Delhi.
Oil & Gas Trade
US says Cyprus has Key Role in East Med Energy
Washington believes Cyprus has a key role to play in East Med energy supply but warned all sides not to create further instability in the region as tensions run…
Solar Power Plant
150MW Hungarian Solar Power Plant Project Obtains $125M Investment Proposal from Capital Corp Merchant Banking
With the EU raising the price of lignite in an effort to reduce greenhouse gases and fight against climate change, the Hungarian government has decided to turn …
Germany Floats Draft Hydrogen Strategy Ahead of EU Presidency
Germany’s draft hydrogen strategy envisages the use of CO2-free gas for the industry and transport sector, as well as millions for research. Under the draft pl…
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