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OPEC
OPEC Secretary General Says Russia’s Membership in OPEC+ Is Vital for Success of Agreement
OPEC's new secretary general said that Russia's membership in OPEC+ is vital for the success of the agreement, Kuwait's Alrai newspaper reported on Sunday.
Gas Turbine
Canada Sent Repaired Turbine for Nord Stream to Germany - Kommersant
Canada sent a turbine for the Nord Stream gas pipeline to Germany by plane on July 17 after repair work had been completed, Kommersant newspaper reported on M…
Energy Security
UK Energy Services Firm Wood Sells Consulting Unit for $1.9BN
Canada-based firm WSP has bought the business.
Russian Federation
New EU Sanctions on Russia to Target Sberbank, Commission Head Tells Paper
The European Union’s forthcoming sanctions on Russia will target banks, in particular Sberbank (SBER.MM), as well as oil, the head of the European Commission U…
Hydrogen Production
Shell, Mitsubishi Wind Power Consortium to Produce 'Green Hydrogen'
Japan's Mitsubishi Corp and Shell Plc aim to produce 400,000 tonnes of "green hydrogen" in 2030 through the companies' European offshore wind power project, the…
Wind Farm
Vestas Halts Four Wind Farm Projects in Russia
Vestas will halt its four wind farm projects under development in Russia as consequence of Russia’s invasion of Ukraine, Danish newspaper Ekstra-Bladet reporte…
Nord Stream 2
Germany's E.ON Rejects Halting Nord Stream 1 Pipeline
E.ON, Europe's largest operator of energy networks, rejected demands to shut down the Nord Stream 1 gas pipeline as part of sanctions against Russia for invadin…
Wind Turbine
Turkey to Produce Domestic Wind Turbines
Turkey’s Electricity Generation Company will produce domestic wind turbines in cooperation with ASELSAN, Yeni Shafak newspaper has reported.
Market Analysis
Nuclear Energy will Require '€20 billion per year' Until 2050
Nuclear power will play a "fundamental role" in meeting Europe's energy demands, said EU Internal Market Commissioner Thierry Breton to French newspaper Journal…
Oil & Gas Trade
Saudi Arabia Announces Additional Voluntary Reduction of Crude Oil Production
Saudi newspapers highlighted in their editorials today a number of issues at local, regional, and international arenas.
Market Analysis
OPEC+ Committed to Balanced Oil Market: UAE Minister
Energy Minister of the United Arab Emirates (UAE) Suhail Al Mazrouei has said the alliance of the oil producing nations known as OPEC+ remains committed to a ba…
EV Market
Shift to Electric Vehicles Could Cost 410,000 Jobs in Germany by 2030
In engines and transmissions' production alone, around 88,000 jobs will be at risk, the newspaper said, citing a report by the National Platform for the Future …
Oil & Gas Trade
The U.S. Will Not Give Up Control Of Syrian Oil & Gas
The United States will keep hold of oil and gas fields in eastern Syria and the Al Tanf base in the south under the plan to withdraw troops from the country, th…
Nuclear Power Plant
France is Preparing to Build New Nuclear Power Plants
It is clear that France is preparing to build new nuclear power plants, Jean-Bernard Levy, Chief Executive of state-controlled utility EDF (EDF.PA), said in an …
Offshore Wind Power
WSP Joins Changhua 1 and 2a Team in Taiwan
Ørsted has awarded WSP with a contract to provide engineering services for the Changhua 1 and 2a offshore wind project in Taiwan.
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