Novatek, Russia's second largest gas producer, intends to start liquefied natural gas (LNG) production at Yamal in the second semester of 2017 and to convey its first cargoes before the end of that year, as stated by a senior executive.
read more... 20/09/2016
A sharp rise in solar power production in China and a sharp drop in domestic demand have caused an unexpected surge of cut-price exports, undermining a China-EU accord to reduce damage to European producers.
read more... 16/09/2016
Lewis Wind Power (LWP), a joint venture between engineering and construction group Amec Foster Wheeler and EDF Energy Renewables, on Wednesday acquired new wind farm acreage on Scotland's Isle of Lewis since it tries to sell production into the wider UK grid through a scheduled sub-sea cable.
read more... 16/09/2016
Crude oil futures closed higher on Monday lifted by a weaker dollar and stronger U.S. equity markets which offset worries about increasing drilling activity for oil in the United States. Prices also received a boost from forecasts that U.S. shale oil production could dip for an 11th consecutive month in October. Brent crude rose 31 cents, or 0.7 percent, at $48.32 per barrel. U.S. West Texas Intermediate crude gained 41 cents, or nearly 1 percent, to settle at $46.29.
read more... 13/09/2016
Italy's Eni intends to enlarge its trading office in Singapore since it vends more of its increasing oil and liquefied natural gas production to Asia to satisfy the region's intensifying import necessities, as stated by company officials this week.
read more... 09/09/2016