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Italy’s Terna said on Thursday it would spend a record 6.2 billion euros ($7.1 billion) on its power grid to deal with the shift towards the production of more renewable energy.
South Africa's former president Jacob Zuma has defended his lobby for a proposed R1tn nuclear energy deal with Russia, saying it would have solved the country’s electricity crisis.
The US Department of Energy (DOE) has finalised further federal loan guarantees of USD3.7 billion for the continued construction of Vogtle units 3 and 4, Energy Secretary Rick Perry announced today during a visit to the construction site near Waynesboro, Georgia.
BHGE - U.S. Rig Count is down 10 rigs from last week to 1,016, with oil rigs down 9 to 824 and gas rigs down 1 to 192. Canada Rig Count is down 56 rigs from last week to 105, with oil rigs down 49 to 49 and gas rigs down 7 to 56.
Oil hovered slightly below 2019 peaks on Friday, propped up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.
Full-scale development of Kharasaveyskoye field starts in Yamal Peninsula
Russian President Vladimir Putin met on Wednesday heads of the world’s top oil traders Glencore and Vitol, as well as BP’s chief executive, among others, promising favorable conditions for business.
Russian LNG is well positioned to compete with North American projects to reach new markets in Asia and the Atlantic Basin despite the challenges, a Shell executive said Wednesday at the LNG Congress in Moscow.
U.S set a new record for oil production at 12.1 million barrels a day (mb/d) in February, continuing America’s position as the world’s leading oil producer.
US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.