The Mexican oil company Pemex plans to invest more than US$1bn to develop and operate the Xanab offshore oil field

Brent fell by $1.79 a barrel, or 2.95%, to $58.90, WTI was down by $1.63, or 3%, at $52.55.

The US State Department on Thursday set sanctions against companies in Dubai, Hong Kong, and Shanghai,

U.S. oil production from tight formations increased in 2019, accounting for 64% of total U.S. crude oil production.

Renewables only accounted for 18.2% of total energy generated by November 2019, while coal alone produced 23.4% of the country’s electricity.

In fact the current estimate for the export market for SMRs is GBP250 billion [USD328 billion], so this could be a huge industry.

However, the companies are giving up on their component supply business in order to survive and South Korea’s nuclear power industry is now on the verge of collapse.

Nigeria has 202tn ft³ of proven gas reserves and an additional 600tn ft³ of unproven potential resources. Despite having the largest gas reserves in Africa, only c.25pc of these reserves are currently productive.

The organic reserve replacement rate, excluding the effect from acquisitions and disposals, which mainly related to the disposal of 40% participation interest in Arctic LNG 2 project, amounted to 252%, with the addition of 1,487 million boe, inclusive of 2019 production.

"We are ready to move to the next phase of implementing Europe's first large-scale hydrogen plant," Nouryon's head of industrial chemicals, Knut Schwalenberg, said.