Coronavirus concerns prompted organizers on Sunday to cancel one of the world's most prestigious gatherings of oil ministers and top executives from the energy and financial industries scheduled for this month in Houston.The fast-spreading virus has infected around 85…
India hopes to sign a pact with Saudi Arabia for participation in Delhi's strategic petroleum reserves (SPRs) during Prime Minister Narendra Modi's visit to the kingdom next week, a government official said on Thursday.India, the world's third biggest oil importer…
Which countries have the best energy policies? This is an interesting, and rather obvious, question, considering that every country’s energy practices impact the world in one way or another. But it’s one you don’t often hear asked.That is probably…
Russia’s largest independent natural gas producer Novatek signed a memorandum of understanding (MoU) on cooperation with India’s largest liquefied natural gas importer Petronet LNG.The MoU envisages delivering LNG supplies from Novatek's portfolio to the Indian market…
Russia's natural resources and environment minister said on Wednesday he supported allowing private oil and gas companies to work on the Arctic shelf.Speaking to reporters at an economic forum in the far eastern Russian city of Vladivostok, the minister…
The Scottish Government announced that it has awarded engineering company Orbital Marine Power GBP3.4mln (USD 4.1million) in funding for its floating tidal turbine, which is the world’s most powerful.The Scottish engineering company is the first…
With greenfield investments in Nigeria, Egypt, Mozambique and elsewhere reaching nearly $103 billion this year, it is clear that liquefaction is viewed as the most profitable strategy for realizing Africa’s gas potential, said Gas Exporting Countries Forum (GECF)…
Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources with direct knowledge of the matter said.Aramco's planned IPO, which could potentially raise $100 billion…
The United States and China will become the world's biggest liquefied natural gas (LNG) exporters and importers, respectively, in five years, according to projections by the International Energy Agency (IEA).U.S. LNG exports are expected to rocket to over 100 billion cubic meters (bcm) in 2024…
Oil company Gazprom Neft and tech firm Zyfra agreed to set up a joint venture to work on developing digital products for management of industrial processes.A preliminary agreement on this was signed by Andrey Belevtsev, Director for Digital Transformation at Gazprom Neft…
The Dubai Electricity and Water Authority (DEWA) has issued a request for proposal (RFP) to appoint consultants to study, develop and construct floating solar photovoltaic plants in the Arabian Gulf.'This is a new and innovative initiative by…
Enabling Future Arrays in Tidal (EnFAIT), the flagship EU tidal energy project, has reduced the cost of tidal energy by 15 per cent and grown its supply chain from four to 14 EU countries, just 18 months after its launch.EnFAIT is an academic…
The U.S. Department of Energy (DOE) announced the signing of a long-term order authorizing the export of domestically produced liquefied natural gas (LNG) from Sempra Energy’s Port Arthur LNG export project to be built in Port Arthur, Texas…
U.S. President Donald Trump on Thursday called for the Organization of the Petroleum Exporting Countries (OPEC) to boost oil production to lower the price of the commodity.'Very important that OPEC increase the flow of Oil. World Markets are fragile…
Oil prices were little changed on Monday as investors shrugged off fears of a global economic slowdown and focused on the prospect of tighter supply and lower U.S. crude inventories ahead.Brent crude oil futures climbed 30 cents to $67.33 a barrel by 11:56 a…
