News
2019, April, 5, 10:10:00
JAPAN'S RENEWABLE WILL UP
JERA Co, Japan’s biggest power generation company, plans to increase its renewable energy investment to 5 gigawatts (GW) of capacity by 2025, up from 650 megawatts now and an increase over an earlier target of 3 GW, it said on Tuesday
2019, April, 5, 10:00:00
ADNOC STRATEGY 2030
Our unrelenting attention is on minimising costs, enhancing our operational efficiency, and maximising margins to ensure we thrive in the new multi-layered energy landscape.
2019, April, 5, 09:55:00
FRANCE'S HYDROGEN ENERGY
France's EDF has launched a hydrogen production and distribution subsidiary to support decarbonisation of industry and mobility using low-carbon electricity from its nuclear and renewable energy fleet.
2019, April, 5, 09:50:00
EXXON SALES NIGERIA FOR $3 BLN
Exxon Mobil recently held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new developments in U.S. shale and Guyana, industry and banking sources told Reuters.
2019, April, 5, 09:45:00
KUWAIT'S GDP UP 1.7%
Kuwait's growth has resumed, and the current account rebounded thanks to higher oil prices. Hydrocarbon output rose by 1.2 percent in 2018 after contracting a year earlier. Buoyed by a rebound in confidence and government spending, non-oil growth has accelerated to 2.5 percent.
2019, April, 5, 09:40:00
NIGERIA'S GDP UP 1.9%
Nigeria’s economy is recovering. Real GDP increased by 1.9 percent in 2018, up from 0.8 percent in 2017, on the back of improvements in manufacturing and services, supported by spillovers from higher oil prices, ongoing convergence in exchange rates and strides to improve the business environment.
2019, April, 5, 09:35:00
MOZAMBIQUE'S GDP UP 3.25%
Mozambique's real GDP growth decelerated to 3¼ percent in 2018, but it was broader based, with non-mining growth accelerating to 2¾ percent in 2018, from 2 percent in 2017.
2019, April, 3, 11:30:00
OIL PRICE: NEAR $70
Oil prices rose for a fourth day on Wednesday, pushing Brent towards $70 a barrel as support from OPEC-led supply cuts and U.S. sanctions overshadowed a report showing an unexpected rise in U.S. inventories.
2019, April, 3, 11:00:00
VENEZUELA'S OIL EXPORTS 1 MBD
Venezuela’s state-run energy company, PDVSA, kept oil exports near 1 million barrels per day in March despite U.S. sanctions and power outages that crippled its main export terminal, according to PDVSA documents and Refinitiv Eikon data.
2019, April, 3, 10:50:00
NOVATEK, REPSOL AGREEMENT
NOVATEK announced that it has signed a non-binding Heads of Agreement for the supply of LNG with Repsol.
2019, April, 3, 10:45:00
NOVATEK, VITOL AGREEMENT
НОВАТЭК и трейдинговая компания Vitol S.A. объявили о подписании Базовых условий соглашения на поставку СПГ
2019, April, 3, 10:40:00
GERMANY'S RENEWABLE 54%
According to the latest figures published by Energy Charts from German solar research institute Fraunhofer ISE, renewable energy accounted for 54.45% of net electricity generation in March.
2019, April, 3, 10:35:00
CHINA'S FUSION POWER
A research centre to support China's push for nuclear fusion power has been approved. It will be able to test large superconducting magnets and filters under operational conditions. The Institute of Plasma Physics of the Chinese Academy of Sciences said that having an integrated research facility for key systems of fusion reactors is "one of the major scientific engineering projects" in the Thirteenth Five-Year Plan.
2019, April, 3, 10:30:00
CHINA'S HYDROPOWER STATION: $5 BLN
China has begun construction of the main structure of the 2.24-GW hydropower station on the Jinsha River, the upper section of the Yangtze River. The project is undertaken by China Huadian Corp., with a total investment of about 33.4 billion yuan (about 5 billion US dollars).
2019, April, 1, 11:40:00
OIL PRICE: ABOVE $68
Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy.