Latest news
Russian oil & gas firms plan to invest $20 BILLION in Iraq’s energy industry
Russian oil and gas companies could triple their investments in Iraq in the near future, Yury Fyodorov, first deputy chairman of the Economic Policy Committee at the Russian Federation Council, has announced. The companies may spend up to $20 billion on oil projects in Iraq, Fyodorov said at a meeting with Iraqi Ambassador to Russia Abdul-Rahman Al-Husseini, according to Russian media.
read more... 11/02/2020
UK sets new wind power record amid winter storm
Winter storm Ciara has helped the UK set a new wind power generation record last Saturday, when the renewable energy covered 56% of the country’s electricity demand, Kallanish Energy reports.
read more... 11/02/2020
Daily (11.02.2020): Oil prices at their lowest levels in 13 months on Monday as OPEC hesitates to cut more output
Oil futures collapsed to their lowest levels in more than a year on Monday amid signs that OPEC and its allies are unlikely to convoke an emergency meeting to cut additional production of black gold.
read more... 11/02/2020
Daily (10.02.2020): European spot power prices plummeted on Friday on strong wind output, weaker demand
Crude oil prices ended on a sour note on Friday, posting a fifth consecutive week of losses, after Moscow declared it needed more time mulling over deeper production cuts proposed by OPEC to deal with a sluggish energy demand.
read more... 10/02/2020
Haliade X-12 MW Offshore Wind Turbine Has Another Record-Breaking Day
The HaliadeX-12 MW offshore wind turbine prototype in the Port of Rotterdam has set a new world record by being the first wind turbine ever to generate 288MWh of electricity continuously over the course of 24 hours, GE Renewable Energy said.
read more... 10/02/2020