Investments
2019, June, 11, 09:50:00
NOVATEK, CNOOC AGREEMENT
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that it has signed the Share Purchase Agreement (“Agreement”) with CNOOC Ltd. (“CNOOC”) in relation to the sale of a 10% participation interest in the Arctic LNG 2 project.
2019, June, 11, 09:40:00
SAIPEM LNG FOR MOZAMBIQE $6 BLN
Saipem, in joint venture with McDermott International and Chiyoda Corporation, has reached agreement with Area 1 concessionaires on an EPC contract to engineer and construct an onshore LNG project in Mozambique.
2019, June, 6, 15:20:00
RUSSIA, CHINA ENERGY LINKS
Over the last decade Russia and China have significantly increased their energy links, with Russia ramping up supplies of crude and gas, and attracting Chinese investment into major new energy projects.
2019, June, 4, 15:05:00
BP SELLS EGYPT
BP has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company. Under the terms of the agreement, Dragon Oil will purchase producing and exploration concessions, including BP’s interest in the Gulf of Suez Petroleum Company (GUPCO).
2019, May, 30, 18:05:00
HIGH COSTS OF CORRUPTION
The costs of corruption run deep. Your taxpayer dollars are lost in different ways, siphoned off from schools, roads, and hospitals to line the pockets of people up to no good.
2019, May, 30, 18:00:00
NUCLEAR POWER INCREASING
During a panel discussion at the Breakthroughs: Flexible Nuclear Energy Systems in a Clean Energy World side event during CEM10, Rising said: "Action is needed to expand the share of nuclear generation in the clean energy future. We will need much more nuclear energy if we are to deliver on environmental, economic and sustainable development objectives."
2019, May, 30, 17:45:00
BRAZIL'S OIL UP
Brazil has seen its exports of crude grow from 734,000 b/d in 2015 to 1.3 million b/d in Q1 of this year. In contrast, Mexico, which was once a powerhouse of oil production, has maintained its export status only through curtailment of domestic refining, not increased crude oil output.
2019, May, 29, 11:15:00
NUCLEAR POWER IS IMPORTANT
“Without an important contribution from nuclear power, the global energy transition will be that much harder,” said Dr Fatih Birol, the IEA’s Executive Director. “Alongside renewables, energy efficiency and other innovative technologies, nuclear can make a significant contribution to achieving sustainable energy goals and enhancing energy security.
2019, May, 29, 11:10:00
U.S. SHALE PROBLEM
Despite the classic “wildcatting” image of plucky entrepreneurs trying their luck, smaller, independent drillers are losing access to capital
2019, May, 29, 11:00:00
NORWAY'S OIL INVESTMENT UP
Investments are now seen at a four-year high of 183.7 billion Norwegian crowns ($21.11 billion) in 2019, up from the 172.7 billion crowns seen in February, according to SSB, which collects the data from oil firms.
2019, May, 29, 10:30:00
PHILIPPINES RENEWABLE UP
In a market outlook report focused on the Philippines, analytics firm GlobalData said installed capacity was cued for an 11.2-percent compound annual growth rate (CAGR) from 2019 to 2030.
2019, May, 27, 11:35:00
ASIA'S RENEWABLE INVESTMENT WILL UP
Total capital expenditure in renewables will rise above $30 billion in the region by 2020, just overtaking investment into exploration and production for oil and natural gas,
2019, May, 21, 15:10:00
SEVEN SOLAR PROJECTS $1.5 BLN
In line with plans to localise the production of renewable energy in Saudi Arabia as part of its Vision 2030 economic diversification push, seven photovoltaic solar power projects with a capacity of 1.52 GW and worth $1.51bn (SAR5.6bn) were launched on the side-lines of the recently concluded Saudi Elenex exhibition.
2019, May, 15, 11:55:00
GLOBAL ENERGY INVESTMENT 2018: $1.8 TLN
Global energy investment totalled more than USD 1.8 trillion in 2018, a level similar to 2017. For the third year in a row, the power sector attracted more investment than the oil and gas industry.
2019, May, 8, 11:30:00
EXXON, PETROCHINA IN IRAQ: $53 BLN
Iraq is close to signing a $53 billion, 30-year energy agreement with Exxon Mobil and PetroChina,