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Nigeria, Siemens Seal Deal to Deliver 11,000MW in 2023

President Muhammadu Buhari and the global Chief Executive Officer of a German company, Siemens AG, Joe Kaeser, yesterday signed an agreement to nearly triple Nigeria’s electricity generation from the average 4,000 megawatts to 11,000 megawatts in 2023.

read more... 23/07/2019

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Russia’s oil output rebounds from 3-year-low

Russia’s oil production in the past few days has recovered to the ceiling that Moscow has pledged in the OPEC+ deal, Russian Energy Minister Alexander Novak said, after output had dropped to nearly 3-year lows in the 1st days of July, Oilprice reported.

read more... 22/07/2019

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Equinor, partners ink deal for 200 MW of floating wind off S Korea

Norway’s Equinor ASA Korea National Oil Corporation (KNOC) and Korea East-West Power Corporation have signed a consortium agreement for the development of a 200-MW floating offshore wind project in South Korea.

read more... 10/07/2019

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Russia, Saudi agree to extend OPEC production cut deal: Vladimir Putin

Russia and Saudi Arabia have agreed to extend a deal to keep oil production low owing to abundant world supplies, President Vladimir Putin said on Saturday.

read more... 01/07/2019

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Ukrainian gas reserves up by almost half as country prepares for no deal with Russia

Ukrainian state gas company Ukrtransgaz, the gas transmission operator of Naftogaz Ukraine, has announced that natural gas reserves in the country’s underground storage facilities had grown by 48.5 per cent to reach more than 13 billion cubic metres as of June 22. The figure is the highest in six years.

read more... 25/06/2019

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