2019

Gas consumption this year is seen exceeding 300 bcm, up 9% from 2018, Jiang Xuefeng, vice chairman at CNPC’s Economics and Technology Research Institute (ETRI), said at a briefing in Beijing on Thursday.

The Islamic Republic has rejected negotiating a new deal with the Trump administration, saying talks are only possible if Washington returns to the nuclear pact and lifts sanctions.

The Kingdom of Saudi Arabia sold 3 billion shares (excluding any exercise of the Purchase Option), equivalent to 1.5% of the Company’s share capital. Priced at the top of the indicated range, the Offering generated proceeds of SAR96.0 billion / USD25.6 billion (assuming no exercise of the Purchase Option), making it the world’s largest IPO.

Chevron Corporation announced a 2020 organic capital and exploratory spending program of $20 billion.

Oil and gas investments in Norway are expected to rise by 3.8% next year to 194.6 billion Norwegian crowns ($21.2 billion) before declining in subsequent years, an industry lobby group said on Thursday.

Norway's preliminary production figures for November 2019 show an average daily production of 2 016 000 barrels of oil, NGL and condensate, which is an increase of 235 000 barrels per day compared to October.

The use of nuclear power will need to increase to decarbonise electricity production, IAEA Director General Rafael Mariano Grossi said today at a side event during the United Nations COP25 climate summit in Madrid. Meeting sustainability and climate goals requires a significant use of nuclear energy, he said.

The move by Brussels underscores growing European awareness that key industries risk falling behind if they don’t fill manufacturing gaps in energy storage technology. Lithium-ion batteries are poised to power the next generation of plug-in cars. They also promise to help balance electric grids transmitting renewable energy like wind and solar.

Indonesia’s GDP is projected to grow at 5.0 percent in 2019 and then rise to 5.1 percent in 2020. This projection is based on easing international trade tensions and reduced domestic political uncertainty.

Following growth of about 1.8 percent in 2019, the economy is expected to expand by 2.2 percent in 2020.