Egypt has signed a deal with Cyprus for the construction of a pipeline that will channel gas from the island’s Aphrodite field to facilities in Egypt.
Read More »Turkey Accelerates Its Efforts to Become Energy Trading Hub
TurkStream is one of the vital energy projects for Turkey to become an energy trading hub.
Read More »Low Oil Prices Will Hurt US Shale
Thanks to shale. US oil production surged to a record level of 11.6 million barrels per day earlier this month.
Read More »Goldman Sachs: Oil Supply Crunch Looming
The oil market could tip into a shortage in the 2020s because ``nobody is allowed to fully invest in future oil production.
Read More »Google to invest data center and green energy in Denmark
Alphabet Inc’s Google will invest 4.5 billion Danish crowns ($690 mln) in building a new data center in Fredericia. Denmark. its Danish business said on Tuesday.
Read More »Egypt Tends to Become Major Energy Exporter
Egypt is investing in a processing plant on the Red Sea that could produce some four million tonnes of petro-products a year.
Read More »Libya Sees Exemption from Future OPEC Cuts
OPEC and its allies are considering cutting oil output in 2019 as the group is increasingly concerned about the potential for oversupply.
Read More »Romania. Russia`s New Challenger in Eastern Europe
Romania currently produces about 10.5 billion cubic metres of gas each year.
Read More »U.S. Tries to Oppose China with PNG Electricity Grid
The United States has been increasingly critical of China-backed infrastructure projects.
Read More »Vague Brexit Deal Could Damage UK Oil and Gas Industry
Earlier this week. the draft Brexit divorce deal from the EU was published.
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