Russia Risks Gasoline Price Surge
Although the Russian Government and oil companies suspended the agreement on fixing fuel prices last summer, gasoline rose in price much more slowly in 2019 than in 2018. In November, Continue Reading
Gas displaced coal in Europe’s shrinking thermal gap 2019: EnAppSys
Gas displaced coal in Europe’s shrinking fossil-fired generation sector in 2019 as strong gains for wind and reduced demand helped to offset falling nuclear and hydro, energy consultancy EnAppSys said Continue Reading
Belarusian operator carrying out repair work on Druzhba oil pipeline
Belarusian operator Gomeltransneft Druzhba said Tuesday that it has begun repair work on sections of the Druzhba oil pipeline network between Mozyr and Brest, after a large number of defects Continue Reading
Germany’s shift to electric cars puts 400,000 jobs at risk in next decade
More than 400,000 jobs could be lost in Germany over the next decade as its auto industry shifts towards electric vehicles, according to a government-sanctioned report that underlines the wrenching Continue Reading
Venice canals almost dry, two months after severe floods
Low tides have left canals in Venice almost dry, just two months after severe flooding left much of the Italian city under water. Boats have been seen almost beached as water Continue Reading
Why U.S. LNG Can’t Win In Europe
When Washington imposed sanctions on companies, the move drew criticism not just from Russia but from Germany as well. The sanctions, targeting firms building the pipeline that will increase Gazprom’s Continue Reading
Norway Suffers Setback In Quest For Arctic Oil Discoveries
One of the most active companies on the Norwegian Continental Shelf, Lundin Petroleum, said on Monday that it had revised downwards its resource estimate for a recent discovery in the Continue Reading
UK’s Second Largest City Takes Radical Measure To Curb Pollution
The second-largest city in the UK, Birmingham, unveiled on Monday a plan to reduce air pollution and carbon emissions by limiting access of private cars to the city center. Under Continue Reading
Russia Bets Big On The World’s Least Explored Oil Frontier
When the inaugural Russia-Africa summit was held in October 2019, most industry observers believed that the majority of projects under discussion would not get past the FID stage – in Continue Reading
UK annual economic growth slows to weakest since 2012 in November
Britain’s economy grew at its weakest annual pace in more than seven years in November, after output fell sharply that month, though a stronger performance in previous months brightened the Continue Reading