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SOCAR plans multimillion dollar investment in Turkey's gas storage capacity
SOCAR AQS, an Azerbaijani integrated drilling and well services management company, will dig 40 wells to expand the storage capacity at the Lake Tuz Natural Gas Storage Facility, located in central Anatolia, Daily Sabah reported.
read more... 23/10/2019
Daily (23.10.2019): WTI crude jumped by 2.2% on Tuesday, due to progress in China-U.S. trade talks
Crude oil prices rose on Tuesday, after Washington and Beijing have made progress in trade negotiations, according to China’s Vice Foreign Minister Le Yucheng. Hence, Brent crude closed 1.3% higher at $59.70 a barrel, while WTI futures jumped by 2.2% to $54.48 a barrel.
read more... 23/10/2019
Rosneft domestic oil tender prices plummet 15% on high freight rates
Prices in Russian energy company Rosneft’s domestic oil tender for November supplies fell by around 15%, traders said on Tuesday, reflecting lower global prices and a jump in freight rates.
read more... 23/10/2019
Czech Republic needs more nuclear units, report shows
The Czech Republic will need to build not only one new unit at its Dukovany nuclear power plant, but also more reactors at Temelín if it is to avoid becoming dependent on electricity imports from 2030, Deputy Prime Minister and Minister of Industry and Trade Karel Havlíček said yesterday. Havlíček cited the latest Mid-term Adequacy Forecast (MAF CZ 2019) published on 18 October by high-voltage grid operator operator ČEPS.
read more... 23/10/2019
Germany’s largest solar energy park needs no state subsidies
The 180MW solar park will occupy a 164-hectare plot of land 30 kilometers from Berlin and contain 465,000 solar modules and will enough power to be supplied to 50,000 households.
read more... 23/10/2019