The Emirates Nuclear Energy Corporation signed three agreements with China National Nuclear Corporation and its subsidiaries during a visit to China. An agreement with Nuclear Power Operations Research Institute will focus on possible collaboration between the two parties in nuclear energy operations and maintenance. The deal signed with the China …
Read More »Poland Rhreatens to Cut Oil Supplies to Germany if Russia Remains Shareholder in Germany’s Schwedt Refinery
Despite having access to the Naftoport-Polish oil port in Gdańsk, the German side has not yet completely removed Russia’s stake from Germany’s Schwedt Refinery. On May 3, Germany’s “Task Force PCK,” which is dealing with the situation of the Schwedt Refinery (PCK), met for the fourth time. Task Force PCK …
Read More »Oil Climbs as Recession Fears Begin to Fade
Oil rose on Monday as easing U.S. recession fears shifted market focus to tightening supplies, offering support after crude prices registered three straight weekly declines for the first time since November. A healthy U.S. jobs report for April helped oil to climb by about 4 per cent on Friday even …
Read More »China Boosts Offshore Oil and Natural Gas Output
China reported higher offshore crude oil and natural gas production for the first quarter, with oil production up by 3.8% and natural gas production up by 6.5%, Xinhua reported. The increase was part of a broader one for the country’s marine economy, which grew by 5.1% during the first quarter, …
Read More »Iran Plans Development of Aravandkenar Oilfield
Technical planning for the development of the Iranian Arvandkenar oilfield near Iran-Iraq border has begun, IRNA reports citing Arvandan Oil and Gas Company CEO Abdollah Azaari Ahvazi. Ahvazi told IRNA on Sunday that the company will develop the Arvandkenar oilfield, located at the southern tip of the region West Karoun. …
Read More »China’s Renewed Appetite for Urals could Temper India’s Russian Oil Buys
Chinese refiners are ramping up purchases of Russia’s Urals crude–the mainstay of India’s Russian oil imports–leading to competition between the two Asian neighbours, which, among other factors, could result in New Delhi’s oil imports from Moscow peaking as early as this month. In April, India’s import of Russian crude set …
Read More »Sasol Opens $39 Million R&D Lab in Germany
Sasol has opened a 7,000 m2 R&D and analytics laboratory in Brunsbüttel, Germany. The $39 million building can accommodate up to 140 employees. It features 33 offices and has the capacity to analyze up to 200,000 samples per year. A section of the lab has been certified according to good …
Read More »USA Pipeline Agency Proposes Tougher Safeguard Rule
The USA pipeline safety agency has filed a draft regulation aimed at strengthening industry measures to curb methane emissions and prevent hazards to people and the environment from the country’s nearly three million miles of gas pipelines. The proposal by the Department of Transportation’s (DOT) Pipeline and Hazardous Materials Safety …
Read More »Italy’s New LNG Plant Receives Maiden Delivery
Italy’s newest and fourth regasification facility has received its first liquefied natural gas (LNG), paving the way for the startup of a project supplier Eni SPA said can serve about seven percent of domestic demand. The supply came from Egypt, among several countries in Africa where state-controlled Eni has strengthened …
Read More »Venezuela Issues NGL Export Permit to Eni, Repsol in Cardon IV
Venezuela has signed an agreement with European energy giants Eni and Repsol that allows for the export of natural gas liquids -or condensates- to other markets, according to Pedro Tellechea, the country’s oil minister and Petroleos de Venezuela head. The deal comes after years of discussions with Italy’s Eni and …
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