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Fortum JV bolsters Russian regional ties
Finnish energy company Fortum and local partner Rusnano have signed a cooperation agreement with the government of Kalmykia to build up to 450MW of wind power in the Russian region.
read more... 12/10/2018
Daily (11.10.2018): WTI crude dropped by 2.4% on Wednesday as forecasts for lower economic growth curbed the demand for oil
Oil crude prices slipped on Wednesday as the International Monetary Fund (IMF) mitigated its global growth projections in its latest World Economic Outlook report, reducing the demand for oil. However, the losses were capped as Hurricane Michael led to the shutdown of roughly 40% of Gulf of Mexico’s crude oil production. Brent crude closed at $83.09 a barrel, representing a 2.3% loss. WTI crude tumbled by 2.4% to settle at $73.17 a barrel.
read more... 11/10/2018
World Bank will not support new coal power plant in Kosovo
President of the World Bank Group Jim Yong Kim confirmed that the international organization will not support a coal power plant in Kosovo.
read more... 11/10/2018
Novatek Announces Major Offshore Gas Find in Russian Arctic
Russian gas and LNG firm Novatek announced Wednesday that it has found a major new gas field in the Gulf of Ob, just off the Yamal Peninsula in the Russian Arctic.
read more... 11/10/2018
Shell provides fresh boost for North Sea oil and gas industry
Royal Dutch Shell has provided fresh encouragement for the North Sea oil and gas industry by deciding to develop the Arran field around 150 miles east of Aberdeen.
read more... 11/10/2018