Latest news
Norway’s February gas output up, sales down
Norway’s natural gas production increased slightly in February, roughly meeting the government’s forecast for the month, Kallanish Energy learns from the Norwegian Petroleum Directorate (NPD).
read more... 17/03/2020
Developing nations may lose up to 85% of oil and gas income this year - IEA, OPEC
Developing nations’ oil and gas income will fall by 50% to 85% this year to a more than two-decade low if current market conditions persist, the International Energy Agency and OPEC said in a rare joint statement on Monday, citing recent IEA analysis.
read more... 17/03/2020
Wave and tidal stream 'delivers 45GWh in 2019'
Global wave and tidal stream energy production has risen tenfold over the last decade, according to a report by Ocean Energy Systems (OES).
read more... 17/03/2020
Daily (16.03.2019): Brent oil traded near 2% higher on Friday, as U.S commits to support weakening economies affected by coronavirus
Crude oil prices recovered on Friday, as the United States and other nations signaled plans to support weakening economies. Brent crude traded 1.9% higher at $33.85 a barrel. In the same context, WTI futures rose by 0.7% to $33.85 a barrel. However, crude prices posted their worst week since the 2008 global financial crisis after the coronavirus epidemics weighed on the global economy. Furthermore, Saudi Arabia and Russia initiated an oil price war.
read more... 16/03/2020
Russia's Power of Siberia pipeline closed for maintenance
Russian gas producer Gazprom said on Monday the Power of Siberia gas pipeline had been closed for routine maintenance until April 1.
read more... 16/03/2020