News
2020, June, 16, 13:25:00
BP WRITE-OFFS $17 BLN
BP actions will lead to non-cash impairment charges and write-offs in the second quarter, estimated to be in an aggregate range of $13 billion to $17.5 billion post-tax.
2020, June, 16, 13:20:00
JAPAN'S WIND INVESTMENT $9 BLN
Japan's TEPCO intends to invest JPY1,000-2,000bn (US$9.3-18.6bn) to develop 6 to 7 GW of offshore wind and hydropower capacity by 2035.
2020, June, 16, 13:15:00
SOUTH AFRICA'S OIL COMPANY
The government of South Africa has approved the merger of three oil and gas subsidiaries of the state-owned Central Energy Fund (CEF) into a National Oil Company.
2020, June, 15, 14:00:00
OIL PRICE: ABOVE $38 YET
Brent was down 15 cents, or 0.4%, at $38.58 a barrel, WTI was down 49 cents, or 1.3%, at $35.77.
2020, June, 15, 13:55:00
OH THESE TERRIBLE RUSSIANS, CHINESE !
The strategy involves removing parts and products made in hostile foreign countries, like China and Russia, from energy infrastructure and replacing them with local substitutes.
2020, June, 15, 13:50:00
ЭНЕРГОСТРАТЕГИЯ-2035: УСКОРЕННЫЙ ПЕРЕХОД
Российской Федерации потребуется ускоренный переход (модернизационный рывок) к более эффективной, гибкой и устойчивой энергетике,
2020, June, 15, 13:45:00
CHINA'S OIL THROUGHPUT UP
Crude oil throughput at China's domestic refineries further recovered to 13.69 million b/d
2020, June, 15, 13:40:00
GERMANY'S ECONOMY WILL FALL FASTER
Europe’s largest economy went into lockdown in March, with many firms halting production and shops closing. It is now facing its worst recession since World War Two after the economy contracted by 2.2% in the first quarter.
2020, June, 15, 13:35:00
IRAQ WILL EXPORT 2.8 MBD
Iraq pumped 4.213 million b/d of crude oil in May, above its OPEC+ quota of 3.592 million b/d and exported 3.63 million b/d, oil marketer SOMO said on June 7.
2020, June, 15, 13:30:00
GOLD PRICES DOWN ANEW
Spot gold was down 0.7% at $1,718.13 per ounce as of 0929 GMT. U.S. gold futures slipped 0.8% to $1,722.70.
2020, June, 15, 13:25:00
ENERGY TRADING: COLLECTIVE INTELLIGENCE
Once considered a bulwark against the forces of modernization, industry and technological change is pushing energy trading organizations to consider a number of strategic changes to their front, middle, and back office functions that optimally engage people and systems to navigate our VUCA world.
2020, June, 15, 13:20:00
ENERGY INDUSTRY: DATA MANAGEMENT
The energy value chain is very complex, from generation, to transmission, distribution, energy trading, and energy sales.
2020, June, 15, 13:15:00
NUCLEAR POWER: SAFE OPERATIONS
There has been no enforced shutdown of a nuclear power reactor due to the effects of COVID-19 on the workforce or supply chains
2020, June, 15, 13:10:00
GERMANY'S HYDROGEN STRATEGY
The German government formally adopted its long-anticipated national hydrogen strategy
2020, June, 15, 13:05:00
CANADA'S OIL & GAS LOANS UP
“[Fossil] energy loans at the country’s six largest lenders jumped 23% to C$71.6 billion in their fiscal second quarter from the prior period,” Bloomberg reports, citing the banks’ financial disclosures. “Toronto-Dominion Bank had the largest increase at 29%, while Bank of Nova Scotia remained the biggest lender, with $21.6 billion in loans.”