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Spanish industrial gas burn edges lower in September
Spain's industrial gas consumption remained lower than a year earlier in September, but a sharp rise from August resulted in the the year-on-year deficit shrinking to its narrowest this year.
read more... 12/10/2020
Daily (09.10.2020): NBP gas for month-ahead delivery hit an almost 10-month peak on Thursday tracking higher oil and LNG prices
Crude oil futures hit their highest level in more than a month on Thursday as Hurricane Delta forces paralyzed nearly 92% of crude output in the Gulf of Mexico, while Saudi Arabia envisages postponing OPEC plans to boost output. The prospect of more production outages in the North Sea due to a workers’ strike added further support to oil markets. Hence, Brent crude for December delivery jumped by $1.35, or 3.2% to settle at $43.34 a barrel. Meanwhile, U.S. WTI crude surged by $1.24 cents, or 3.1%, to end at $41.19 a barrel.
read more... 09/10/2020
EU bank invests €120m to modernise power network in Hungary
The financing will cover the costs of the reinforcement of the electricity supply network, refurbishment of substations, overhead lines and underground cables and the installation of advanced meters
read more... 09/10/2020
Pavilion Energy, Gasum partner up on LNG bunkering
Pavilion Energy Singapore and Gasum have joined forces to develop a global LNG bunkering supply network.
read more... 09/10/2020
Norway’s Oil & Gas Strikes Could Take 25% Of Production Offline
If the ongoing strike of oil workers in Norway extends for another week without a resolution, nearly 25 percent of Norway’s oil and gas production could be shut down, including output at the giant Johan Sverdrup oilfield, the Norwegian Oil and Gas Association (NOG) said on Thursday.
read more... 09/10/2020