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Blame Oil: Nigeria Slumps into Recession, Norway Stalls
Nigeria slumped into recession and Norway’s economic growth slowed to a standstill in the second quarter. Both countries rely on oil for a big chunk of their exports and have been hit hard by the collapse in prices. Oil has…
Adapting to a Drier World
Water, which covers more than two-thirds of the planet’s surface, is fundamental to life. It is also essential to energy production. Water is critical to pumping oil and natural gas out of the ground, thanks to hydraulic fracturing. Hydropower dams…
Transport is now biggest part of U.S. carbon emissions, first time in 40 years
Transportation is a major contributor to carbon emissions, but historically it has not been the largest source. However, that has apparently changed. Transportation-related sources now account for the largest share of U.S. carbon emissions. Earlier this year, transportation overtook all…
Lower oil prices affect global growth of mining industry, says UNIDO report
Global production growth from mining activities remained low in 2015 and was significantly affected by lower crude oil prices, and the combined production of mining and utilities rose a mere 1.0 per cent in 2015, according to a report released…
Gazprom’s financial information under International Financial Reporting Standards (IFRS) for the three months ended March 31, 2016
Today PJSC Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (IAS 34) for the three months ended March 31, 2016. Total sales (net of excise tax, VAT and…
Russia Open for Talks on Gas Price Discount for Turkey – Energy Minister
Russia is willing to discuss a lower price for natural gas deliveries to Turkey, the Russian energy minister said Tuesday after President Vladimir Putin met with his Turkish counterpart in St. Petersburg. At the end of 2015, Russian gas accounted…
Bulgaria-Greece Gas Interconnector Construction Faces Delay – Report
The start of construction on the gas interconnector between Bulgaria and Greece could be delayed by at least six months, a Bulgarian media report said on August 4. Even though the project has been labelled repeatedly as a top priority…