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Daily (06.01.2017): Oil settles higher as Saudi production cuts counterbalance U.S. products build
Oil prices rose on Thursday in an up-and-down session, boosted by news that Saudi Arabia had limited production to meet OPEC's pact after data have shown a significant rise in U.S. gasoline and distillate inventories.
read more... 06/01/2017
Egypt inked natural gas and oil exploration deal with Italy's Edison
Egypt's state-controlled Egypt Natural Gas Holding (EGAS) has inked a $86 million deal with Italy's Edison for natural gas and oil exploration in the Mediterranean, as stated by the Egyptian Petroleum Ministry on Thursday.
read more... 06/01/2017
Vattenfall plans to expand UK offshore wind farm
Swedish energy firm Vattenfall intends to expand its 300-megawatt Thanet offshore wind farm off the coast of Kent in southern England, as it stated, after abandoning the idea in 2010 because of grid constraints.
read more... 06/01/2017
Chevron restarts operation at Gorgon LNG train 1 after an outage of a month
Chevron Corp declared on Wednesday it has restarted production of liquefied natural gas (LNG) at one of its two units at the $54 billion Gorgon project, situated off Western Australia, after an outage of a bit more than a month.
read more... 06/01/2017
Russia’s gas output ramped up in 2016
Russia boosted its gas output in 2016 at over 650bn m³, about 0.6% more than the previous year, the statistics of the Central Dispatching Department of Fuel Energy Complex (CDU TEK) show.
read more... 05/01/2017