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News
2019, May, 29, 11:05:00
RUSSIA'S NUCLEAR ICE BREAKER
With the ceremonial launch of the nuclear-powered arctic ice breaker ‘Ural’ today, Russia’s nuclear energy giant, ROSATOM, has completed another step towards ensuring all-year round navigability of the Northern Sea Route (NSR).
News
2019, May, 29, 11:00:00
NORWAY'S OIL INVESTMENT UP
Investments are now seen at a four-year high of 183.7 billion Norwegian crowns ($21.11 billion) in 2019, up from the 172.7 billion crowns seen in February, according to SSB, which collects the data from oil firms.
News
2019, May, 29, 10:55:00
AUSTRALIA'S LNG FOR CHINA UP
Over January-April, China imported 8.93 million mt of LNG from Australia, up 40.2% year on year, the customs data showed.
News
2019, May, 29, 10:50:00
CANADA'S ENERGY FOR U.S.: $84 BLN
Canada is the second-largest importer of energy from the United States, in terms of trade value, behind only Mexico. Energy accounted for $84 billion, or 26%, of the value of all U.S. imports from Canada in 2018.
News
2019, May, 29, 10:45:00
INDONESIA'S COAL FOR CHINA
China is the world’s largest coal consumer and the largest buyer of Indonesia’s coal. In 2018, it imported 125 million metric tons of mostly low-calorie coal from Indonesia, absorbing 25 percent of Indonesia’s coal exports.
News
2019, May, 29, 10:40:00
UKRAINE'S GAS PRICES UP
"They still do not have permission from Russia to cross the border [after June 1] so the Kazakh company has decided to wait," a source at a major Ukrainian trading company said Tuesday. "No one knows exactly what's going to happen in June."
News
2019, May, 29, 10:35:00
GRONINGEN'S SEISMIC RISKS
A 3.4 magnitude earthquake prompted the Dutch government last year to promise to end Groningen production by 2030 and to lower output as quickly as possible in the coming years.
News
2019, May, 29, 10:30:00
PHILIPPINES RENEWABLE UP
In a market outlook report focused on the Philippines, analytics firm GlobalData said installed capacity was cued for an 11.2-percent compound annual growth rate (CAGR) from 2019 to 2030.
News
2019, May, 29, 10:25:00
BRAZIL'S GDP UP 1%
After contracting by almost 7 percent during the 2015-16 recession, real GDP grew by only 1.1 percent per year in 2017 and 2018.
News
2019, May, 27, 11:55:00
OIL PRICE: ABOVE $68
Spot Brent crude futures were firmer at $68.82 per barrel, 13 cents, or 0.2%, above their last close. WTI crude futures were at $58.43 per barrel at 0700 GMT, down 20 cents, or 0.3%, from their last settlement.
News
2019, May, 27, 11:50:00
VENEZUELA'S OIL TO CUBA UP
Venezuela's state-owned PDVSA exported 1.416 million barrels of combined crude and products in May to Cuba's state Cubametales, up from 355,000 barrels in April.
News
2019, May, 27, 11:45:00
TRUST IS A CENTRAL THEME
Trust is a central theme, because it is vital to the functioning of any economy and to the success of reforms. Polls across multiple countries show a long-running and deepening decline in trust in institutions and experts. The profound effects of the global financial crisis, increasing inequality, political polarization, and a lack of sincere attention to the needs of the public all seem to have contributed.
News
2019, May, 27, 11:40:00
OILFIELD SERVICES RATING DOWN
"Oilfield services companies will no longer be able to generate the high operating margins they did in 2014," Carin Dehne-Kiley, an analyst at S&P, wrote Friday in a report to investors. "The oilfield services industry has fundamentally changed due to permanent efficiency and productivity gains realized by E&P companies as well as investor sentiment calling for E&P companies to live within cash flow and limit production growth."
News
2019, May, 27, 11:35:00
ASIA'S RENEWABLE INVESTMENT WILL UP
Total capital expenditure in renewables will rise above $30 billion in the region by 2020, just overtaking investment into exploration and production for oil and natural gas,
News
2019, May, 27, 11:30:00
ALGERIA STOP TOTAL
Algeria will block Total from acquiring Anadarko's assets in Algeria, energy minister Mohamed Arkab told reporters on a sidelines of a conference on Sunday.