The document was signed at a working meeting between Gazprom CEO Alexei Miller and OMV CEO Rainer Seele in St. Petersburg
read more... 05/11/2018
Siemens has successfully concluded the first phase of its Subsea Power Grid shallow water test in Trondheim, Norway. Siemens, in collaboration with industry partners Chevron, Equinor, ExxonMobil, and Eni Norge, is in the final stages of a program to develop a barrier-breaking system that will become the world’s first Subsea Power Grid designed for distribution of medium voltage power using pressure compensated technology.
read more... 05/11/2018
Crude oil prices extended losses on Thursday, as crude production rose by over 2 million barrels per day during the last 12 months. Moreover, increased concerns over a potential slowdown in global growth amid continuous trade tensions between U.S. and China put more pressure on prices.
read more... 02/11/2018
Gas flows between Britain and Belgium through the IUK pipeline could be interrupted this winter if electricity supply issues facing Belgium require the pipeline operator to turn off its electricity-driven compressors, it said on Thursday.
read more... 02/11/2018
The share of thermal power in Italy's mix is expected to drop to 36.9% by 2030, while non-hydro renewables will rise to 45.8%, according to a report by GlobalData.
read more... 02/11/2018