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OPEC’s World Oil Outlook 2016 launched at ADIPEC
The 2016 OPEC World Oil Outlook (WOO) was launched last week at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2016 in the United Arab Emirates (UAE). This year is the tenth edition of the WOO, a significant milestone…
Holding the line
The issue that currently dominates the outlook for the oil market is the outcome of OPEC’s ministerial meeting in Vienna on 30 November. It has only been two months since OPEC last met in Algiers and announced it would examine…
5 Years of Reliable Operations of the Nord Stream Pipeline
Yesterday, the Nord Stream Pipeline celebrated the fifth anniversary of its start of operations. Line 1 started on 8th November 2011 the transportation of natural gas from Russia to European businesses and households, Line 2 came on stream beginning of…
Britain’s Last Coal Power Plants to Close by 2025
The last coal power station in Britain will be forced to close in 2025, the government has said as it laid out the detail of its plan to phase-out the polluting fossil fuel. Ministers promised last year that the UK…
UK Coal-Powered Electricity Projected to Fall by Record Amount
The amount of electricity generated from UK coal power stations is on track to fall by two-thirds this year, a decline which analysts said was so steep and fast it was unprecedented globally. Climate change thinktank Sandbag said the drop…
GE Secures over $900 Million Order for Latin America’s Largest Gas Power Plant
GE announced few days ago that it has secured a more than $900 million turnkey order with Centrais Elétricas de Sergipe S.A. (CELSE) for Brazil’s Porto de Sergipe combined-cycle power plant. With a generating capacity of 1,516 MW, the facility…
1st Meeting of the High-level Committee of the Algiers Accord – OPEC and Non-OPEC Oil Producing Countries
The OPEC High-level Committee, established by the Algiers Accord, met with non-OPEC oil producing countries on Saturday, 29 October, at OPEC headquarters in Vienna. It was preceded by the first High-Level Committee Meeting, held Friday, 28 October, among OPEC Member…