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Daily: Crude oil surges as Venezuela sees output deal to stabilize market
Crude oil prices hiked on Monday, but pared gains, on skepticism over Venezuela’s statements that OPEC and non-OPEC countries were close to reaching a deal to balance global output and clashes in Libya disrupted attempts to increase crude exports. Higher equity prices on Wall Street and a weaker dollar also supported oil prices. Brent crude futures rose by 18 cents, or 0.4%, to settle at $45.95 a barrel. It increased over 2 percent earlier, hitting $46.93. U.S. West Texas Intermediate (WTI) crude futures gained 27 cents, or 0.6 percent, to end at $43.30. The session peak was $44.15.
read more... 20/09/2016
Novatek likely to start first Yamal LNG cargoes in 2017
Novatek, Russia's second largest gas producer, intends to start liquefied natural gas (LNG) production at Yamal in the second semester of 2017 and to convey its first cargoes before the end of that year, as stated by a senior executive.
read more... 20/09/2016
Engie struck oil and gas at Cara well in Norwegian North Sea
French utility Engie (ex-GDF Suez) has found gas and oil in the Norwegian part of the North Sea, near the existing Gjoa field which it operates.
read more... 19/09/2016
Iceland’s capital targets to be carbon neutral by 2040
Iceland’s capital city has established a target to attain carbon neutral status by 2040.
read more... 19/09/2016
GE won a supply contract for Hinkley Point C nuclear power project
GE has won a $1.9 billion supply agreement for the UK’s Hinkley Point C nuclear power project, which was approved yesterday by the government.
read more... 19/09/2016