LNG still too costly: oil chiefs
Consumption
The liquefied natural gas (LNG) has massive potential but is too expensive, fuel bosses have told an industry event. There
Archive for November 2018
|
Turkmenistan prepares for Caspian summit
Production
Turkmenistan is preparing for next year’s sixth Caspian summit and the first Caspian Economic Forum. The secretive state’s organising committee
German firm to build Scottish biogas plant
Environment
A programme to produce “green” biogas from farm waste and dairy residues for residential and industrial customers is being planned
Opec calls for supply cuts
Production
The oil market looks poised to swing into oversupply next year as growing global crude output exceeds uncertain demand, says
Russia busts leaky sanctions
Industry
Despite talk of diplomatic pressure on Russia, European Union leaders continue to visit Russian President Vladimir Putin, foreign direct investment
Giant VW’s EV launch looms
Storage
Volkswagen is reportedly planning to offer an electric car for less than €20,000 and convert three German factories for EV
Spanish firm turns sewage into fuel
Industry
The Spanish company Ingelia says it has developed a process to produce biocarbon fuel pellets using sewage which burn like
Dublin called to back offshore wind
Environment
Irish offshore wind energy has the potential to create up to 20,000 jobs during the next two decades if it
US sanctions taking toll on Iran: scholars
Industry
This week’s oil and gas sanctions on Iran are bringing extra domestic pressure on the Islamist regime, say regional observers.
EU ramps up anti-Trump action
Policy
The European Union said work “has accelerated” on a special purpose vehicle (SPV) to help avoid Donald Trump’s sanctions on
Exxon drillship set to defy Erdogan
Policy
A drillship leased by US oil and gas major ExxonMobil is expected to arrive in Cyprus next week, in defiance
Bitcoin mining uses triple energy of gold
Consumption
The energy required to “mine” US$1 in bitcoin, ethereum and other cryptocurrencies is more than twice that required to extract
Tidal project secures €1.2m funding
Environment
Scottish tidal turbine developer, Orbital Marine Power, based on the Orkney Isles in the North Sea, and Swedish drivetrain solutions
Gazprom boosts Austrian supply deal
Consumption
Russian de-facto gas export monopoly Gazprom has agreed to boost contracted gas supplies to Austria by 1 billion cubic metres
Oil prices fall amid Iran sanctions waivers
Policy
Oil prices fell today (Tuesday) as US sanctions exemptions allow Iran’s biggest customers to keep supplies flowing amid an economic