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Russia overtakes Saudi Arabia as the world’s second largest oil producer but still lags behind the US
Russia outpaced Saudi Arabia in crude oil production, moving into second place after the USA, the world's largest oil producer, RIA Novosti reports.
read more... 20/02/2019
Greenlink interconnector secures EUR 3.6m in EU funds
The project for the 500-MW Greenlink interconnector between Wales and Ireland will receive EUR 3.6 million (USD 4.1m) in grant funding from the European Union (EU), the project developer announced on Monday.
read more... 20/02/2019
Repsol makes huge gas discovery in Indonesia
Repsol and partners Petronas and Moeco made a huge gas discovery in Indonesia, which is the largest in the country in 18 years, and one of the ten largest finds in the world in the past 12 months, Repsol announced Tuesday.
read more... 20/02/2019
Daily (19.02.2019): EU carbon prices declined by 2% on Monday, tracking bearish gas markets
Supply cuts led by the OPEC and Russia have boosted oil prices on Monday. However, gains were limited by the announcement of weak car sales data in China. Brent crude edged 0.4% higher at 66.50 USD/bbl, whereas WTI futures rose by 0.9% to 56.06 USD/bbl
read more... 19/02/2019
Norway's Equinor aims to start oil exploration off Australia in 2020
Norway’s Equinor SA on Tuesday said it plans to explore for oil in deep waters off the coast of South Australia in late 2020 and released a draft environmental assessment for the project to head off community protests.
read more... 19/02/2019