Kazakhstan’s legal battle against international oil majors involved in the Kashagan oil field has intensified, with the nation’s claims now exceeding $160 billion. The dispute centers around allegations of corrupt deals and financial mismanagement, adding another $10 billion to the already massive demands.
read more... 12/08/2024
Oil prices extended their gains for the fourth consecutive session on Thursday, rising by over 1% as tensions in the Middle East persisted. As a result, Brent crude closed at $79.16 per barrel, while WTI settled at $76.19 per barrel.
read more... 09/08/2024
Norsk Kjernekraft has submitted a proposal to Norway's Ministry of Energy for an assessment of the construction of a power plant based on multiple small modular reactors (SMRs) in the municipality of Øygarden, west of Bergen.
read more... 09/08/2024
OPEC+ crude production in July made its biggest jump in almost a year, as Iraq and Kazakhstan raised their output despite committing to deeper cuts, while Russia also remained well over its quota.
read more... 09/08/2024
Germany could have between 13.2-14.7 GW of coal generation capacity after 2030, according to data from analysts and Montel, closely matching government documents showing a need for up to 14 GW.
read more... 09/08/2024