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Oil Price Crash Could Wipe Out $131 Billion In New Projects
The double supply-demand shock in the oil market could lead to companies deferring as much as $131 billion worth of oil and gas projects slated for approval in 2020, with everyone in the industry--from Big Oil to the small players--is feeling the pain of the oil price crash and looks to weather the storm.
read more... 25/03/2020
Uniper power plant in Gelsenkirchen-Scholven: Groundbreaking ceremony for new gas and steam plant
Uniper has begun construction of two new gas turbines and a steam boiler at the Scholven power plant site after the Münster district government granted approval before Christmas. The new gas and steam plant is to replace the existing plants in the future. The conversion of the site to operate with natural gas will not only massively reduce the emission of climate-damaging substances such as CO2. Also, the noise impact from the plant itself and from fuel supply trucks will be significantly reduced, as the gas will be delivered by pipeline.
read more... 07/02/2020
Romania's Romgaz to hire advisor on possible buy of ExxonMobil stake in Black Sea project
BUCHAREST (Romania), February 5 (SeeNews) - Romanian natural gas producer Romgaz [BSE:SNG] said that it is seeking the approval of its shareholders to hire an advisor on the possible acquisition of a stake in Neptun Deep offshore gas project in the Black Sea held by ExxonMobil.
read more... 05/02/2020
Bulgartransgaz to acquire 20% interest in Greek LNG terminal
According to SeeNews, Bulgaria's government said that it has issued approval to gas transmission system operator Bulgartransgaz to acquire 20% interest in Gastrade - the company developing a floating liquefied natural gas (LNG) terminal off Greece's northern coastal city of Alexandroupolis.
read more... 10/01/2020
Estonia launches review process of Eesti's 1-GW offshore wind project
The Estonian government has kicked off the construction permit approval process for a 1-GW offshore wind farm in the Gulf of Riga.
read more... 02/01/2020