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Thermal Plant
Kazakhstan Mulls Transfer of Thermal Power Station of Almaty into Gas
Minister of Ecology, Geology and Natural Resourses of Kazakhstan is considering transfer of the thermal power station-2 of Almaty city into a gas or installatio…
Oil & Gas Trade
Sinopec Provides Free Natural Gas for Makeshift Hospital in Wuhan
China Petrochemical Corporation (Sinopec), China's largest oil refiner, started to provide free natural gas Tuesday for Leishenshan hospital, one of the makeshi…
Oil Price
Oil Prices Jump 2% as Virus Vaccine Reports Spur Hope
Also supporting oil was news that the Organization of the Petroleum Exporting Countries (OPEC) and its producer allies were considering further output cuts to c…
Quadra’s 223 MW Voronezh Combined Cycle Plant Achieves Commercial Operation
Quadra Power Generation has announced that its Voronezh CHPP-1 combined-cycle power plant achieved the start of commercial operation, using four of GE’s SPRINT…
Crude
Rosneft Inks Deal with India’s Top Refiner on up to 2 MILLION Tons of Crude Supplies
The signing took place during Rosneft CEO Igor Sechin’s visit to New Delhi.
Oil & Gas Trade
US says Cyprus has Key Role in East Med Energy
Washington believes Cyprus has a key role to play in East Med energy supply but warned all sides not to create further instability in the region as tensions run…
Solar Power Plant
150MW Hungarian Solar Power Plant Project Obtains $125M Investment Proposal from Capital Corp Merchant Banking
With the EU raising the price of lignite in an effort to reduce greenhouse gases and fight against climate change, the Hungarian government has decided to turn …
Germany Floats Draft Hydrogen Strategy Ahead of EU Presidency
Germany’s draft hydrogen strategy envisages the use of CO2-free gas for the industry and transport sector, as well as millions for research. Under the draft pl…
Oil & Gas Trade
Petrobras Selling Offshore Field and Blocks in Brazil
Petrobras said on Monday that these transaction were in line with the portfolio optimization and the improvement of the company’s capital allocation, aiming at…
Oil&Gas Drilling
Virginia Lawmakers Vote to Block Offshore Drilling in Rebuke to Trump Plan
Virginia lawmakers on Tuesday passed a bill to block future oil and gas development off the state's coastline, reflecting opposition to the Trump administration…
Market Analysis
UK Regulator Ofgem Launches Decarbonisation Plan
The UK Government’s Office of Gas and Electricity Markets (Ofgem) has set out its plan to bring the country’s emissions to net zero.
Oil&Gas Drilling
BP Produces First Oil from Alligin Field Off UK
Oil major BP has announced early production from the Alligin field located in the west of Shetland region, offshore the UK.
Oil & Gas Trade
Coronavirus could Push Global Oil Market into Surplus
Almaty. February 4. KazTAG - The coronavirus outbreak could curb oil demand growth if it continues to spread, leading to an extended production surplus as produ…
Oil & Gas Trade
Oil Bankruptcies Are Reaching Worrying Levels
Law firm Haynes and Boone recently released its updated Energy Bankruptcy Reports. These reports cover North American oil and gas producers, oilfield services a…
Oil & Gas Trade
OPEC+ Considers 500,000 Bpd Cut In Emergency Meeting
The OPEC+ group of producers are said to be considering deepening the cuts by another 500,000 bpd, due to depressed oil demand amid the virus outbreak, OPEC and…
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