Commenting on the strategic cooperation between ECI and ECGE, Massimo Falcioni, CEO of ECI, said, "Taking into account the very strong non-oil trade relations between Egypt and the United Arab Emirates, this agreement will pave the way for the identification and development of more business opportunities. ECI’s partnership with ECGC will not only reinforce the existing partnership between the two countries but will also boost the regional and global competitiveness of local businesses."

The government sources said the carbon price would now increase annually, hitting 55 euros in 2025.

Nuclear power provides 11 percent of the world’s electricity, with 454 nuclear reactors operating in 30 countries and 54 plants under construction — including 11 in China, seven in India, and six in Russia.

Saudi Aramco (2222.SE) hit the $2 trillion target sought by de-facto Saudi leader Crown Prince Mohammed bin Salman on Thursday as its shares racked up a second day of gains, despite some scepticism about the state-owned oil firm’s value.

Royal Dutch Shell plc (“Shell”) announces that it has signed a $10 billion revolving credit facility. The new facility replaces Shell’s existing $8.84 billion revolving credit facility and is provided by a syndicate of 25 banks.

Weatherford International plc announced that it has completed its financial restructuring and emerged from chapter 11 protection.

U.S. Rig Count is unchanged from last week at 799, Canada Rig Count is up 15 rigs from last week to 153,

Brent climbed 47 cents, or 0.7%, to $64.67 a barrel, WTI was up 34 cents, or 0.6%, to $59.52 a barrel,

“Наиболее активно энергетическое взаимодействие России и Вьетнама традиционно развивается в нефтегазовой, электроэнергетической сферах и, в особенности, в угольном сегменте - экспорт угля из России во Вьетнам за прошедшие 9 месяцев 2019 года увеличился сразу на 172%, до 4,52 млн тонн. В то же время поставки нефтепродуктов выросли на более, чем 35% до 87,5 тыс тонн”, - сказал Александр Новак.

The 764-mile Nord Stream 2 will deliver Russian gas to Germany under the Baltic Sea and is expected to double the capacity of the gas corridor to 110 Bcm/year.

Gazprom's overall amount of investments for 2020: RUB 1,104.7 billion. Gazprom's borrowings for 2020: RUB 557.8 billion. Final investment program and budget to be approved by Gazprom Board of Directors.

The meeting participants pointed out that the events of 2019 had no tangible impact on the long-term outlook for the global energy market. Gazprom's positions will remain stable in the long run thanks to, inter alia, enormous gas reserves, well-developed production and transmission infrastructure, and the ongoing effort to diversify export areas and routes.

Gas consumption this year is seen exceeding 300 bcm, up 9% from 2018, Jiang Xuefeng, vice chairman at CNPC’s Economics and Technology Research Institute (ETRI), said at a briefing in Beijing on Thursday.

The Islamic Republic has rejected negotiating a new deal with the Trump administration, saying talks are only possible if Washington returns to the nuclear pact and lifts sanctions.

The Kingdom of Saudi Arabia sold 3 billion shares (excluding any exercise of the Purchase Option), equivalent to 1.5% of the Company’s share capital. Priced at the top of the indicated range, the Offering generated proceeds of SAR96.0 billion / USD25.6 billion (assuming no exercise of the Purchase Option), making it the world’s largest IPO.