Latest news
Biogas from Organic Waste could Cover 20% of World Gas Fuel Demand
Energy produced from organic waste could cover a fifth of global gas fuel demand in the form of low-carbon biogas and biomethane, according to the International Energy Agency (IEA).
read more... 24/03/2020
Russia Moves In On European Gas Markets As Oil Prices Crash
Russia sees a silver lining in the oil price collapse—it now believes that the oil price war will help it win the war for natural gas market share in Europe. Russia’s gas giant Gazprom, the single largest supplier of natural gas to Europe, has watched with apprehension the growing volumes of liquefied natural gas (LNG) from the United States that have arrived on European shores over the past two years.
read more... 24/03/2020
Total to slash over $2.5 billion from E&P business as oil crisis bites
In an effort to alleviate the concequences of the recent oil price plunge, French oil major Total has revealed its plan to reduce the capex for 2020 by more than $3 billion and save about $800 million in operating costs compared to 2019. Total will also suspend its buyback program.
read more... 24/03/2020
Total acquires wind power company GWP France
French oil and gas company Total has acquired a 100% stake in Global Wind Power (GWP) France, expanding its renewable energy capacity in the country.
read more... 23/03/2020
Saudi Arabia announces $32 billion in emergency funds to mitigate oil, coronavirus impact
Saudi Arabia’s government unveiled stimulus measures amounting to 120 Saudi billion riyals ($32 billion) on Friday to support an economy hit by the double blow of the coronavirus crisis and dramatically lower oil prices.
read more... 23/03/2020