Tag Archive

Eni starts production of Baltim South West field offshore Egypt

Eni starts production of Baltim South West field offshore Egypt

September 17, 2019 No Comments

Eni announces the successful commissioning and start-up of production of the offshore Baltim South West gas field in Egypt. Discovered by Eni in June 2016, the field goes on-stream in a record time, just 19 months after the final investment decision (FID) was approved in January 2018. This result further confirms the success of the […]

Euro Gas Prices Plunge To 10-Year Low

Euro Gas Prices Plunge To 10-Year Low

September 5, 2019 No Comments

Natural gas prices in Europe are set to drop even lower than the current ten-year lows this fall. Storage facilities across the continent are fuller than usual for this time of the year. Natural gas suppliers are not expected to curb deliveries despite the low prices, abundant supply, and tepid demand. The winter heating season […]

Saudi Aramco signs MoU with China Zhejiang Free Trade Zone

Saudi Aramco signs MoU with China Zhejiang Free Trade Zone

September 5, 2019 No Comments

Saudi Aramco today signed a Memorandum of Understanding (“MoU”) with China’s Zhejiang Free Trade Zone, in which the Zhoushan Government emphasized its support for incentivizing Saudi Aramco’s greater investment in Zhejiang’s future downstream growth. The MoU was signed in conjunction with a visit to Saudi Aramco’s headquarters in Dhahran by Yuan Jiajun, Governor of the […]

CME Group Reaches Second-Highest Monthly Volume Ever

CME Group Reaches Second-Highest Monthly Volume Ever

September 4, 2019 No Comments

 CME Group , the world’s leading and most diverse derivatives marketplace, reached average daily volume (ADV) of 24.3 million contracts during August 2019, up 53% from August 2018 and the second-highest monthly ADV on record. During a month that historically sees lower average daily volumes, August 2019 was the company’s best August ever. Open interest (OI) at the end of […]

Blue Corridor – Gas into Engines 2019 Rally

Blue Corridor – Gas into Engines 2019 Rally

August 30, 2019 No Comments

The Blue Corridor – Gas into Engines 2019 Rally kicked off today in Istanbul. The large-scale international rally for vehicles powered by natural gas will traverse Europe and Russia. The event is organized by Gazprom and Germany’s Uniper. The race features more than 20 cars, trucks and passenger vehicles powered by compressed and liquefied natural […]

Equatorial Guinea to build West Africa’s first Liquefied Natural Gas (LNG) storage and regas plant

Equatorial Guinea to build West Africa’s first Liquefied Natural Gas (LNG) storage and regas plant

August 20, 2019 No Comments

Located at the Port of Akonikien, the landmark regasification plant will enable the storage, transportation and distribution of liquefied natural gas (LNG) to the country’s mainland; 12 bullet tanks will carry 14,000 cubic meters of storage capacity, supported by a truck loading station and 12-kilometers of ten-inch gas and diesel pipelines; The project will be […]

BHGE  ANNOUNCES SECOND QUARTER 2019 RESULTS

BHGE ANNOUNCES SECOND QUARTER 2019 RESULTS

August 1, 2019 No Comments

Baker Hughes, a GE company (NYSE: BHGE) (“BHGE” or the “Company”) announced results today for the second quarter of 2019. Orders of $6.6 billion for the quarter, up 15% sequentially and up 9% year-over-year Revenue of $6.0 billion for the quarter, up 7% sequentially and up 8% year-over-year GAAP operating income of $271 million for […]

Dana Gas’s share of Pearl Petroleum’s KRI collections increase 74%

Dana Gas’s share of Pearl Petroleum’s KRI collections increase 74%

July 29, 2019 No Comments

Dana Gas PJSC (the “Company”), announced that its share of Pearl Petroleum Company Limited’s (‘Pearl Petroleum’) collections from the sale of condensate, LPG and gas in the Kurdistan Region of Iraq (KRI) rose 74% in the first half of 2019. Dana Gas, which owns a 35% stake in Pearl Petroleum, saw its share of the […]

Eni Announce results for the  half year 2019

Eni Announce results for the half year 2019

July 26, 2019 No Comments

Yesterday, Eni’s Board of Directors approved the Group results for the second quarter and first half of 2019 (unaudited). Group results Adjusted operating profit: €2.28 billion for the second quarter, down by 11% q-o-q (€4.63 billion in the first half, down by 6%). Excluding the impact of the loss of control over Eni Norge on […]

Ten Countries With The Greatest Fossil Fuel Production

Ten Countries With The Greatest Fossil Fuel Production

July 22, 2019 No Comments

Despite the rapid growth of renewable energy over the past decade, fossil fuels still dominate global energy consumption. According to BP’s recently-released Statistical Review of World Energy 2019, fossil fuels represented 84.7 percent of global energy consumption in 2018. A few weeks ago I received a press kit on this topic. I usually receive several of these each week, […]

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