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2020, June, 16, 14:00:00
GLOBAL ELECTRICITY CONSUMPTION UP
Global electricity consumption continues to increase faster than world population, leading to an increase in the average amount of electricity consumed per person (per capita electricity consumption),
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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.
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2020, June, 16, 13:45:00
INDONESIA'S COAL DOWN
Indonesia is expected to produce 550 Mt of coal (down from 582 Mt in 2019),
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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.
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2020, June, 16, 13:50:00
GERMANY'S ENERGY CLIMATE PLAN
Germany intends to reduce greenhouse gas (GHG) emissions by at least 55% by 2030 compared to 1990, to cut primary energy consumption by 30% by 2030 compared to 2008 and to increase the share of renewables in gross final energy consumption to 30% by 2030.
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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.
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2020, June, 16, 13:30:00
ARAMCO, SABIC ACQUISITION $69 BLN
Aramco had been looking to restructure the deal after SABIC’s market value fell more than 40% due to an oil price slump.
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2020, June, 16, 14:05:00
GLOBAL UPSRTEAM INVESTMENTS DOWN
Spending is also expected to be largely flat in 2021, landing only marginally higher than 2020 at $386 billion. Before the Covid-19 pandemic, expected total upstream investment would maintain last year’s levels, both in 2020 and 2021.
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2020, June, 16, 13:35:00
SOUTH AFRICA'S NUCLEAR CONSULTATIONS
South African Nuclear Power Programme may comprise a blend of baseload power combining both conventional PWR and SMR technologies to a total of 2500 MW
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2020, June, 16, 14:20:00
U.S.: PROLONGED RECOVERY
There are currently more than 20 million people unemployed as a result of the epidemic, which has killed more than 115,000 people in the United States, with minority communities among those hardest hit on both fronts.
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2020, June, 16, 14:10:00
EUROPE'S SHARES UPDOWN
The pan-European STOXX 600 index rose 2.2%, recovering from a slump in the past few sessions that was fuelled by grim forecasts of an economic rebound from the COVID-19 pandemic and a resurgence in infections in the United States and Beijing.
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2020, June, 16, 14:15:00
U.S.$ DOWN
U.S. Federal Reserve prepared to start its corporate bond buying scheme,
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2020, June, 16, 14:25:00
OIL PRICE: NOT ABOVE $41 YET
Brent rose 77 cents, or 1.94%, at $40.49 a barrel, WTI gained 61 cents, or 1.64%, to $37.73 a barrel.
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2020, June, 17, 12:30:00
U.S. COAL CONSUMPTION DOWN
In 2019, U.S. coal consumption totaled 590 million short tons (MMst).
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2020, June, 17, 12:35:00
U.S. NUCLEAR THERMOELECTRIC GENERATOR TO MARS
The Multi-Mission Radioisotope Thermoelectric Generator (MMRTG) was fuelled, built and tested by DOE’s national laboratories to power the mission’s Perseverance rover.
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2020, June, 17, 12:25:00
U.S. INDUSTRIAL PRODUCTION UPDOWN
U.S. Total industrial production increased 1.4 percent in May
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2020, June, 17, 12:45:00
SAUDI ARABIA: THE TOP
Saudi Arabia exported nearly 11 million barrels of oil per day, a record, and the US about 8.6 million barrels.
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2020, June, 17, 12:40:00
GLOBAL OIL DEMAND UPDOWN
Oil demand in 2020 is expected to fall by 8.1 mb/d, the largest in history, before recovering by 5.7 mb/d in 2021.
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2020, June, 17, 12:05:00
CHINA'S HYDROPOWER FOR INDONESIA $1.6 BLN
China Gezhouba Group (CGG) has signed a CNY11.5bn (US$1.6bn) contract with PT Indonesia Dafeng Heshun Energy Industri to build the 1,200 MW Data Dian hydropower project in North Kalimantan (Indonesia).
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2020, June, 17, 12:10:00
THE NEW CHINA'S REFINERY $6.2 BLN
China’s state-owned refining group Sinopec has commissioned a greenfield 200,000 bbl/d refinery in Zhanjiang