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Russian company to initiate feasibility study of undersea gas pipeline in 2020
Russian company Gazprom is set to initiate the feasibility study in the first quarter of 2020 for laying down undersea pipeline starting from Persian Gulf to Pakistan, India and Bangladesh initially that will ultimately end to China after touching Myanmar and Thailand, a senior official of the Petroleum Division privy to the development told The News.
read more... 09/12/2019
Spain will hit 68% renewable power in 2030, but needs more flexibility - BNEF
Spain will be able to meet 68% of its electricity demand with renewable energy by 2030 and 88% in 2050, according to a report co-authored by Bloomberg New Energy Finance (BNEF) and Spanish renewables and infrastructure group Acciona SA (BME:ANA).
read more... 09/12/2019
Daily (06.12.2019): German spot power down 26% on Thursday on strong wind output
Crude oil prices evolved differently on Thursday, with WTI prices ending flat and Brent slightly up as traders awaited a decision on output from major oil producers. Brent crude rose by 39 cents, or 0.6%, to settle at $63.39 a barrel, after a hike of 3.6% in the previous session. WTI crude remained unchanged at $58.43 a barrel on the NYMEX, after surging by 4.2% the previous day. A committee of oil producers led by Saudi Arabia and Russia recommended on Thursday that the group increase their current oil production cuts by 500,000 barrels a day.
read more... 06/12/2019
BP to supply Amazon with 170MW of renewable power
Oil giant BP has signed a deal to supply Amazon Web Services (AWS) with renewable energy to power its data centres in Europe.
read more... 06/12/2019
Italy's A2A to buy 1-GW solar project pipeline from Talesun
The renewables subsidiary of Italian utility A2A SpA has struck a deal to buy a roughly 1,000-MW solar project development pipeline from the Talesun group.
read more... 06/12/2019