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SOCAR's STAR refinery in Turkey's İzmir to be inaugurated today
The State Oil Company of Azerbaijan Republic's (SOCAR) Turkey Aegean Refinery (STAR) in İzmir's Aliağa district will be inaugurated today.
read more... 19/10/2018
Daily (18.10.2018): WTI crude dropped by 3% on Wednesday due to a jump in US stockpiles
Oil crude prices fell on Wednesday as the U.S. Energy Department's Energy Information Administration revealed a higher-than-expected build in U.S. crude inventories, offsetting concerns about diplomatic relations with Saudi Arabia. Therefore, Brent crude price traded 1.7% lower to settle at $80.05 a barrel. WTI crude price plunged 3% down to settle at $69.75 a barrel.
read more... 18/10/2018
North Sea leading global offshore wind power generation
The North Sea now accounts for 90% of all global offshore wind power generation, but will soon face a challenge from China, it has emerged.
read more... 18/10/2018
Shell to sell upstream business in Denmark for $1.9bn
Royal Dutch Shell, through its affiliate Shell Overseas Holdings, has reached an agreement with Norwegian Energy Company ASA (Noreco) to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. (SOGU) for $1.9 billion.
read more... 18/10/2018
Poland, US firm sign long-term gas imports deal
Poland's main gas company says it has signed a long-term contract for the purchase of some 40 million tons of liquefied natural gas from a U.S.-based producer in the first such deal in Central and Eastern Europe.
read more... 18/10/2018