August 2020

Brent slid 40 cents, or 0.9%, to $43.12 a barrel, WTI was down 46 cents, or 1.1%, at $39.81.

Russia agreed to cut crude production over May to July by 2.5 million b/d from a baseline of 11 million b/d to 8.5 mil b/d under the OPEC+ agreement.

The U.S. preliminary level for dry natural gas production in May 2020 was 2,713 billion cubic feet (Bcf), or 87.5 Bcf/d.

Nawah Energy Co. started up Unit 1 of the Barakah nuclear energy plant in the oil-rich emirate of Abu Dhabi

The reactor must generate constant energy output of at least 10 kilowatts, weigh less than 7,700 pounds and run for at least ten years.

Chevron Second quarter loss of $8.3 billion; adjusted loss of $3.0 billion

the U.S. Department of Energy (DOE) announced more than $97 million in funding for 33 projects that will support high-impact technology research and development to accelerate the bioeconomy.

the U.S. Department of Energy (DOE) announced that five projects will receive up to $28 million to promote the advancement of the next generation of geothermal energy technologies.

According to data provided by National Electric Power Regulatory Authority (NEPRA), Pakistan’s coal-fired power generation increased by 57 per cent in FY20. Moreover, coal made up about a fifth of Pakistan’s total output.

The CrossWind consortium, a joint venture between Shell in the Netherlands and Eneco, is delighted to have been awarded the tender for the subsidy-free offshore wind farm Hollandse Kust (noord).