2020, January, 22, 12:30:00NO COAL FOR AFRICA
The UK will no longer fund coal projects overseas, British Prime Minister Boris Johnson announced today during his opening address at the UK-Africa Investment Summit in London. Instead, the government will "turbo-charge" its support for low-carbon energy sources, he said, noting that the UK has cut its CO2 emissions by 42% from the 1990 level. The country is the host of the next round of UN climate talks - COP26 - in November.
2020, January, 22, 12:28:00Energy Week Georgia 2020, 28-30th January, Tbilisi
On 28-30th January 2020 the international investment event “Energy Week Georgia 2020” will take place in Tbilisi.
2020, January, 22, 12:27:00PROJECT FINANCE & PROJECT FINANCIAL MODELLING
Modern project finance transactions require a high level of expertise in building financial models which are reliable and flexible to accommodate the changing requirements occurring during the life of a project. This 5 days course covers both project finance and financial modelling best practices.
2020, January, 22, 12:25:00RUSSIA'S LNG INVESTMENT PROJECTS
Experts expect LNG production growth in Russia. By 2024, the projected export growth is up to 47,9 million tonnes. The latest news on encouraging LNG application in the country reveals that Russian shipping companies are switching to fuel with low sulphur and nitrogen content starting from 1 January 2020.
2020, January, 22, 12:25:00AUSTRALIA'S SANTOS SALES REVENUE UP 10%
Australia's Santos record annual sales revenue of over $4 billion, up 10%, generated from sales volumes of 94.5 mmboe
2020, January, 22, 12:15:00U.S. INDUSTRIAL PRODUCTION DOWN 0.3%
U.S. Industrial production declined 0.3 percent in December, as a decrease of 5.6 percent for utilities outweighed increases of 0.2 percent for manufacturing and 1.3 percent for mining.
2020, January, 22, 12:05:00SCHLUMBERGER NET LOSS $10 BLN
Schlumberger CEO Olivier Le Peuch commented, “Full-year revenue for 2019 was $32.9 billion, a level essentially flat with 2018. Overall performance was positive—particularly in the international markets—and we generated $2.7 billion in free cash flow, which was a remarkable achievement under these market conditions. Full-year pretax segment operating margin of 12%, however, was slightly down year-on-year.
2020, January, 20, 12:15:00GLOBAL TRADING SYSTEM UPGRADE
On trade, an important agreement was announced this week, but much more work is ahead to heal the fractures between the world’s two largest economies. Beyond the US and China, the global trading system is in need of a significant upgrade.
2020, January, 20, 12:05:00OPEC'S OIL PRODUCTION DOWN 2 MBD
Recent statistics issued by the Organisation of the Petroleum Exporting Countries, OPEC, highlighted a decrease in its production by 6.3 percent or some 2 million barrels per day in 2019, compared to 2018.
2020, January, 20, 12:00:00CLEAN ENERGY TIMING
Academics and concerned citizens often ask "how long" will it take for the global economy to transition to zero carbon energy systems in the transportation, electric generation and heavy industry sectors.
2020, January, 20, 11:54:00RENEWABLE ENERGY OPPORTUNITIES IN GEORGIA
The energy sector of Georgia is very attractive in terms of its untapped potential, developing infrastructure and increasing local and regional demand.
2020, January, 20, 11:53:00PROJECT FINANCE & PROJECT FINANCIAL MODELLING WORKSHOP
Registration opens for 2020 Project Finance & Project Financial Modelling workshop A 5-days course covers both project finance and financial modelling best practices.
2020, January, 20, 11:40:00RENEWABLE ENERGY BILLS TO WATCH
A “clean energy resource” is defined as “any technology used to generate electricity without emitting carbon dioxide into the atmosphere,” including “(i) electric generation facilities that are powered by nuclear, solar, wind, falling water, wave motion, tides, or geothermal power; (ii) a natural gas-fired generation facility with 80 percent carbon capture; or (iii) a coal-fired generation facility with 90 percent carbon capture.”
2020, January, 20, 11:35:00TAJIKISTAN'S GDP UP 5.5%
Tajikistan's economic activity has been strong in 2018-19.
2020, January, 17, 11:25:00IRAN'S RECESSION
Iran's economy shrank by 4.6% in the 2018-2019 fiscal year and the contraction is expected to deepen to 7.2% in the current fiscal year, the IIF, a finance industry body, said this week.