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2020, May, 28, 12:00:00
RUSSIA, SAUDI ARABIA COORDINATION
Russian President Vladimir Putin discussed the oil market with Saudi Arabia's Crown Prince Mohammed bin Salman on Wednesday
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2020, May, 28, 11:50:00
CHINA'S ENERGY IEFFICIENCY UP
China energy intensity, which measures the amount of energy needed to generate one unit of GDP, decreased by 2.6% in 2019,
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2020, May, 28, 11:45:00
EUROPE IGNORES NUCLEAR POWER
the European Commission has ignored the need for nuclear power as a clean, dispatchable and European source of energy
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2020, May, 28, 11:40:00
CHEVRON WILL CUT 6,000 EMPLOYEES
Chevron’s cuts equate to about 6,000 of its 45,000 non-gas station employees. It’s “streamlining our organizational structures to reflect the efficiencies and match projected activity levels,” the San Ramon, California-based company said Wednesday in a statement. “This is a difficult decision, and we do not make it lightly.”
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2020, May, 28, 11:35:00
MALAYSIA'S PETRONAS WILL CUT INVESTMENT
Petronas plans to reduce its capital expenditures by 21% and its operating costs by 12% in 2020
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2020, May, 28, 11:30:00
MALAYSIA'S PETRONAS PROFIT 68% LOWER
Petronas Profit After Tax (PAT) for the quarter stood at RM4.5 billion, 68 per cent lower than the RM14.2 billion posted in the corresponding quarter in the previous year,
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2020, May, 28, 11:25:00
AUSTRALIA'S SANTOS BUYING $1.265 BLN
Santos today is pleased to announce it has completed the acquisition of ConocoPhillips’ northern Australia and Timor-Leste assets for a reduced purchase price of US$1.265 billion plus an increased contingent payment of US$200 million subject to a final investment decision (FID) on Barossa.
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2020, May, 28, 11:20:00
AUSTRALIA'S SOLAR AND BATTERY MICRO-GRIDS
“Stand-alone power systems, which are usually a combination of solar, batteries and a back-up generator, are getting cheaper and more sophisticated. In contrast, supplying customers using poles and wires in remote areas can be very costly.”
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2020, May, 28, 11:15:00
BRAZIL'S SUPPORT TO POWER SECTOR $2.9 BLN
The Brazilian government has approved a BRL15.6bn (US$2.9bn) loan to support the Brazilian power sector