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Fosil Fuels
OPEC Secretary General Meets with TOTAL Chairman and CEO Patrick Pouyanné
OPEC Secretary General, HE Mohammad Sanusi Barkindo, met with Patrick Pouyanné, Chairman and Chief Executive Officer of French oil and gas company TOTAL SA, during a high-level meeting Tuesday at the company’s headquarters. Mr. Barkindo exchanged information with Mr. Pouyanné…
IBC Committees Hold Joint Meeting
Paris hosted recently a joint meeting of two Working Committees (the Modern Technologies and Prospective Oil and Gas Industry Projects Working Committee and the Information and Communications Working Committee) of the International Business Congress (IBC). The meeting was moderated by…
Coal Demand Growth to Stall as Appetite Wanes, According to IEA
BEIJING — Growth in global coal demand will stall over the next five years as the appetite for the fuel wanes and other energy sources gain ground, according to the latest coal forecast from the International Energy Agency. The share…
Nord Stream Utilisation Averages 80% in 2016 – 43.8 bcm Transported to the European Union
In 2016, the Nord Stream Pipeline operated at 80 per cent of its annual capacity of 55 billion cubic metres (bcm). 43.8 bcm of natural gas were delivered to consumers in the European Union. This is yet another increase compared…
OPEC Meeting in Vienna Last Weekend
In December, OPEC’s production fell by 220,900 barrels a day to 33.085 million barrels a day, with the biggest drops coming from Saudi Arabia and Nigeria, according to secondary source data in the group’s monthly report published on 18 January.…
Bulgaria and Serbia Signed Memorandum of Understanding on Gas Interconnector
Bulgarian outgoing Minister of Energy Temenuzhka Petkova and her Serbian counterpart – Minister of Energy and Mining Aleksandar Antić, inked a Memorandum of Understanding on the project for construction of a gas interconnector between Bulgaria and Serbia, FOCUS New Agency…
A Six Month Probation?
The output cuts announced by OPEC and eleven non-OPEC producers have entered their probation period and it is far too soon to see what level of compliance has been achieved. The coming weeks will provide more clarity and in the…