Montenegrin power utility Elektroprivreda Crne Gore (EPCG) plans to sign a 33 million euro ($37.4 million) loan with German development bank KfW to finance the overhaul of its 307 MW hydropower plant (HPP) Perucica, a company official said.
read more... 05/03/2019
Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) Block, announces that it encountered oil in the Pecan South-1A well, offshore Ghana. A sidetrack will now be drilled to further appraise the volume potential.
read more... 05/03/2019
Crude oil prices fell on Friday amidst bearish U.S. manufacturing data that triggered concerns over global energy demand growth. Brent crude fell by 1.5% to 65.07 USD/bbl, while WTI futures plunged by 2.5% to 55.80 USD/bbl.
read more... 04/03/2019
Russian deliveries of liquefied natural gas (LNG) to Europe have reached record levels in February taking the top spot among suppliers.
read more... 04/03/2019
Equinor has started drilling operations on Verbier appraisal well in the UK North Sea using the semi-submersible rig West Phoenix.
read more... 04/03/2019