Latest news
No diesel and petrol vehicles in Scotland by 2032
The Scots are determined to say “good bye” to petrol and diesel vehicles by 2032. The necessary steps are being taken in this respect by the Scottish Government.
read more... 07/09/2017
UK should extend its power sector, as diesel and petrol cars ban will increase the number of electric cars
Britain must build new power plants, grid networks, and electric vehicle charging points to avoid local power shortages, supporting millions of more battery-powered vehicles over the next two decades. Replacement of banned diesel and petrol cars with electric is technically feasible, and if drivers can be persuaded to recharge them overnight - when spare power capacity is abundant - the huge infrastructure cost could be reduced.
read more... 01/09/2017
World’s largest wind turbine producer says “Goodbye” to the oil industry
Denmark is getting rid of its last oil company as the petroleum age is slowly dying out. The most recent deals is the acquiring of Maersk Oil by the French giant Total for $7.45 which follows the sale of Dong Energy’s North Sea oil and gas production to Ineos AG.
read more... 30/08/2017
Egypt: LNG imports will be reduced to 80 cargoes in 2017-18 year
Egypt intends to import 80 cargoes of liquefied natural gas during the 2017-18 financial year that started in July, as stated by Petroleum Minister Tarek El Molla on Sunday, or down from the 118 cargoes imported in 2016.
read more... 14/08/2017
Daily (09.08.2017): Oil prices were bearish on Tuesday due to higher oil exports
Oil prices were bearish on Tuesday on increasing exports from United States, Libya and Nigeria. A recent recovery in Libya's oil output, and higher production in Nigeria, have complicated OPEC's efforts to curb supply. The U.S. EIA petroleum status report will be published on Wednesday, giving details on stockpiles and refinery runs that are expected to decline. Brent crude decreased by 0.44% to close at $52.14 a barrel, while WTI price fell by 0.45% to end at $49.17 a barrel.
read more... 09/08/2017