Latest news
Vietnam Approves Exxon’s $5-Billion LNG-To-Power Project
The port city of Hai Phong in Vietnam has approved a liquefied natural gas (LNG) project for power generation, expected to be developed by U.S. supermajor ExxonMobil and to cost US$5.09 billion.
read more... 05/10/2020
Daily (02.10.2020): Oil prices fell to a two-week low on Thursday, posting their first monthly decline since April amid virus fears
Oil prices dipped to a two-week low on Thursday as coronavirus flareup is causing renewed concerns over more lockdown measures, clouding the demand outlook. Moreover, a rise in OPEC output in September added further pressure on oil prices. Hence, Brent crude fell by $1.37, or 3.2%, to settle at $40.93 a barrel. Meanwhile, U.S. WTI crude shed by $1.50, or 3.7%, to close at $38.72 a barrel. In September, Brent lost 9.56%, while WTI 5.61%. This is the first month of decline since April.
read more... 02/10/2020
RWE launches research into the salty storage of green electricity
The project could see underground caverns store several GWh of electricity from renewable sources
read more... 02/10/2020
Russia’s InterRAO to invest $580m in gas turbine venture with GE
Russian energy holding company InterRAO reportedly plans to invest $580m (RUR45bn) in a gas turbine joint venture with General Electric.
read more... 02/10/2020
Coal India sees fastest growth in output, sales for six years in Sept
State-run Coal India accounts for over 80 per cent of the country's production and is the world's largest coal miner by output
read more... 02/10/2020