Latest news
Global oil consumption stagnates leaving prices under pressure
Global oil consumption has stalled since the middle of 2018, making lower oil prices inevitable despite the best efforts of Saudi Arabia and its allies to reduce production.
read more... 24/07/2019
Developers of Viking Link award EUR 1.1bn worth of contracts
The developers of the 1,400-MW Viking Link interconnector between Denmark and the UK today announced they will award contracts worth a total of EUR 1.1 billion (USD 1.23bn) for the supply of cables and converter stations as part of the project.
read more... 24/07/2019
Bristol businesses team up to power almost 3,000 homes with wind
Thrive Renewables and Bristol Energy will source 3.55MW of clean power from two onshore wind farms in Suffolk and Aberdeenshire
read more... 23/07/2019
United Oil and Gas acquiring Egypt explorer for £13m with help from BP
United Oil and Gas (UOG) plans to acquire Rockhopper Egypt for £12.8m with help from BP.
read more... 23/07/2019
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