News
2022, November, 2, 11:35:00
UAE, US PARTNERSHIP $100 BLN
UAE Minister of Industry and Advanced Technology and Special Envoy for Climate Change Dr. Sultan Al Jaber and Special Presidential Coordinator Amos Hochstein signed the Partnership on behalf of the UAE and the US.
2022, November, 2, 11:30:00
RUSSIAN NUCLEAR FOR EGYPT
Under a 2017 contract, the reactors are being supplied by Russia's Rosatom, complete with a lifetime of nuclear fuel and facilities for used fuel storage.
2022, November, 2, 11:25:00
TURKEY, SAUDI ARABIA ENERGY COOPERATION
“Türkiye, due to its geographical position, is an energy corridor from Russia, Iran, and Saudi Arabia. Any kind of natural gas or oil that is going to be transported or shipped, will cost less and will be shipped more safely,”
2022, November, 2, 11:20:00
UAE, INDIA CLEAN ENERGY PARTNERSHIP
India’s cooperation with the UAE and the rest of the world in green energy will give an optimistic note on future energy scenario.
2022, November, 1, 17:15:00
OIL PRICE: BRENT NEAR $95, WTI NEAR $89
Brent rose $1.95, or 2.1%, to $94.76 per barrel, WTI rose $1.93, or 2.23%, to $88.46 a barrel.
2022, November, 1, 17:10:00
GLOBAL ENERGY DEMAND WILL UP BY 23%
Global primary energy demand is forecast to continue growing in the medium- and long-term, increasing by a significant 23% in the period to 2045. The world needs to annually add on average 2.7 million barrels of oil equivalent a day to 2045.
2022, November, 1, 17:05:00
EUROPEAN GAS PRICES FALL
Europe’s gas storage sites are nearly 95% full, providing a buffer for when the weather turns colder. Reserves in the biggest gas consumer, Germany, have risen to 99%, according to Gas Infrastructure Europe.
2022, November, 1, 16:55:00
U.S., POLAND NUCLEAR RELATIONSHIP $40 BLN
In July last year, Westinghouse announced the launch of front-end engineering and design work - based on AP1000 technology - under a grant from the US Trade and Development Agency to progress the nuclear energy programme in Poland.
2022, November, 1, 16:50:00
S.KOREAN NUCLEAR FOR POLAND
Poland's Minister of State Assets and Deputy Prime Minister Jacek Sasin and South Korea's Minister of Trade, Industry and Energy Lee Chang-yang also signed a memorandum of understanding "to support the nuclear energy project in Patnow and tighten cooperation in the scope of necessary information exchange".
2022, November, 1, 16:45:00
U.S., CANADA'S NUCLEAR FOR ROMANIA
Romania has ongoing programmes to upgrade its existing Candu reactors at Cernavoda NPP, as well as to construct two new units and to develop small modular reactors (SMRs).
2022, November, 1, 16:40:00
RENEWABLES FOR GERMANY 1.8 GW
In the third tender Germany seeks innovation proposals with a combined capacity of 397.2 MW and a price cap of about €7c/kWh.
2022, November, 1, 16:35:00
SAUDI ARAMCO NET INCOME UP TO $42.4 BLN
Aramco announces third quarter 2022 results Q3 net income rises 39% YoY to $42.4 billion; free cash flow increases to a record $45.0 billion
2022, November, 1, 16:30:00
U.S. CLEAN ENERGY INVESTMENT $39 MLN
The selected projects, led by universities, national laboratories, and the private sector aim to develop commercially scalable technologies that will enable greater domestic supplies of copper, nickel, lithium, cobalt, rare earth elements, and other critical elements.
2022, October, 31, 12:15:00
OIL PRICE: BRENT BELOW $96, WTI BELOW $88
Brent dropped $1.02, or 1.1%, to $95.94 a barrel, WTI were down $1.24, or 1.4%, at $87.84 a barrel.
2022, October, 31, 12:10:00
RUSSIAN OIL UNCERTAINTY
The G7 and EU are finalizing details of a price cap that is intended to be implemented with the EU ban on seaborne Russian crude imports on Dec. 5 and Russian oil products on Feb. 5, 2023.