March 12, 2020

Exclusive: Russia to OPEC - deeper oil cuts won't work-

MOSCOW (Reuters) - This week’s oil price rout had become inevitable and cutting output has ceased to make sense because it is unclear how deep the impact of the coronavirus on demand will be, Russia’s deputy energy minister said in an interview with Reuters on Wednesday.

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March 10, 2020

Energy markets headed into uncharted territory as crude...

DUBAI: Global energy markets are heading into uncharted territory, experts warned, as the instant effect of the apparent end of cooperation between Saudi Arabia and Russia on limiting crude output began to be felt amid ongoing coronavirus concerns.

Prices"...

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March 7, 2020

Top firms unveil GenNext engines at Middle East Energy

While the world moves between Generation Y and Generation Z, it was a case of power generation to the fore as Middle East Energy 2020, the 45th edition of the global energy platform, drew to a close today (March 5) at Dubai World Trade Centre (DWTC), setting the future of energy in motion"...

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March 4, 2020

Oil Minister meets Acting Director of Office of UN Envoy...

SANAA, March 3 (Saba) - Minister of Oil and Minerals Ahmed Daress on Tuesday met with Acting Director of Office of UN Envoy for Yemen Ayman Makki.

The meeting dealt with the arbitrary practices carried out by"...

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March 2, 2020

CERAWeek energy forum cancelled over coronavirus concerns...

CERAWeek, one of the world's largest energy forums held every year in Texas, has been cancelled, due to concerns over the rapid spread of the coronavirus and confirmed cases in the US.

The event, organised"...

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March 2, 2020

US to become leading LNG exporter by 2025

From a starting point of approximately 1.2 billion cubic feet per day (bcfd) of export capacity in 2016, the US will become the third most important liquid natural gas (LNG) exporting country with a total capacity of 8.9bcfd by the end of 2020, according to leading data and analytics company"...

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March 2, 2020

Global oil & gas industry deals total $78.46 billion in...

Total oil & gas industry deals for Q4 2019 worth $78.46 billion were announced globally, according to GlobalData’s deals database. The value marked a decrease of 2.3 per cent over the previous quarter and a drop of 34 per cent when compared with the last four-quarter average of $119.37 billion. In terms of number of deals, the sector saw a drop of 12.4 per cent over the last four-quarter average with 523 deals against the average of 597 deals. In value terms, North America led the activity with deals worth $43.95 billion.......

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February 27, 2020

Star power Togo bets on solar energy for its rural poor

Not so long ago, whenever he wanted to watch a football match or recharge his phone, Ousmane Kantcho had to go “into town” — a 15-kilometre ride by bicycle on poor roads in the savannah. His village, Tababou, lies more than 600 kilometres (375 miles) from the Togolese"...

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February 26, 2020

New Gulf gas finds serve strategic purpose

Over the past year, huge gas discoveries were made in Bahrain, the UAE and Saudi Arabia. In April last year, Bahrain announced discoveries estimated at 80 billion barrels of oil and 20 trillion cubic feet of gas, while this month, the UAE announced a new gas field with reserves estimated"...

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February 24, 2020

AG&P Breaks Ground on its LNG Import Facility at Karaikal...

AG&P, the global downstream gas and LNG logistics company, has broken ground on its LNG Import Facility at Karaikal Port, Puducherry, paving the way to broader access to natural gas as a primary fuel in South India. The Karaikal LNG Import Facility (“Karaikal LNG”) is expected"...

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