News
2021, November, 19, 11:40:00
INDIA'S COAL DEMAND UP
India has pledged to increase the share of renewables in its energy mix from about 38% last year to 50% by 2030.
2021, November, 19, 11:35:00
RUSSIA'S NUCLEAR LOANS FOR TURKEY $0.8 BLN
The bank opened two credit lines (in the amount of $500 million and $300 million) for a period of seven years, Sberbank said on 17 November. The funds will be used for the construction of the plant’s four VVER-1200 reactors.
2021, November, 19, 11:30:00
RENEWABLES FOR INDIA 5.5 GW
The renewable capacity additions planned by India's largest coal miner Coal India Ltd. and its subsidiaries, along with other state-run coal miners Singareni Coal Company Ltd. and NLC India Ltd., will see an investment of over Indian Rupees 150 billion ($2.02 billion) by 2030
2021, November, 19, 11:25:00
RUSSIAN DIESEL FOR U.S. UP
Four tankers with 2 million barrels of Russian diesel aboard, the most in data going back to 2018, are set to arrive next week, as natural gas-rich Russia cranks up diesel-producing units that are dependent on a feedstock extracted from costly natural gas,
2021, November, 19, 11:20:00
U.S. OIL INVENTORIES DOWN BY 2.1 MB TO 433.0 MB
U.S. commercial crude oil inventories decreased by 2.1 million barrels from the previous week to 433.0 million barrels.
2021, November, 18, 13:35:00
OIL PRICE: NEAR $80
Brent was down 83 cents, or 1%, to $79.87 a barrel, WTI were down $1.13, or 1.4%, at $77.23 a barrel.
2021, November, 18, 13:25:00
UAE, RUSSIA HYDROGEN COOPERATION
The UAE's Ministry of Industry and Advanced Technology signed a memorandum of understanding with Russia's Ministry of Industry and Trade on the sidelines of ADIPEC conference in Abu Dhabi,
2021, November, 18, 13:20:00
U.S. LNG FOR JAPAN $2.5 BLN
The Freeport LNG liquefaction terminal comprises three trains with an annual production capacity of approximately 15.45 Mt/year, built by McDermott, Zachry and Chiyoda on the site of an existing LNG import terminal.
2021, November, 18, 13:15:00
INDIA'S RENEWABLE ALLOW
Under the provision, India's power distribution companies will not have to make separate PPAs for selling renewable power, which is cheaper than some other sources of power, and more profitable.
2021, November, 18, 13:10:00
UAE RENEWABLE PROJECTS 30 GW
"The partnership between ADNOC and TAQA envisages both parties entering into detailed joint venture arrangements as well as the completion of necessary transaction requirements, including obtaining relevant third-party and regulatory approvals," the companies said in the statement.
2021, November, 18, 13:05:00
SAUDI, EGYPT WIND POWER 1.1 GW
Egypt targets 20% of electricity production from renewables in 2022 (10% achieved in 2020) and 42% for 2030, with 25% from solar, 14% from wind, and 2% from hydropower.
2021, November, 18, 13:00:00
ROSNEFT, SHELL DEAL
Rosneft exercised the pre-emption right for 37.5% share of the PCK (Schwedt) refinery from Shell.
2021, November, 18, 12:55:00
MOZAMBIQUE LNG START
Area 4 is operated by Mozambique Rovuma Venture (MRV), an incorporated joint venture owned by Eni, ExxonMobil and CNPC, which holds a 70% interest in the Area 4 exploration and production concession contract.
2021, November, 17, 13:55:00
OIL PRICE: ABOVE $81
Brent dropped 50 cents, or 0.6%, to $81.93, WTI fell 57 cents, or 0.7%, to $80.19 a barrel.
2021, November, 17, 13:50:00
GLOBAL ENERGY DEMAND WILL UP BY 28%
Global energy demand is set to increase from 275.4 mboe/d in 2020 to 352 mboe/d by 2045