Oil & Gas

Jul 18th, 2017

Siberia Has Built the First LNG Facility

In 2015, Gazprom urged the creation of big gas consumers market in the Siberian region. This sensitive task was given to Kemerovo region authorities. To begin with, the region had to construct a plant for the production of liquefied natural gas. The launch of the first LNG plant in Siberia was scheduled for August 2016; […]...

Jul 14th, 2017

Independent British Fuel Filling Stations Take Over Leading Positions from Petroleum Companies

Over the past five years a small number of transactions has led to the price rise for gas filling stations in Britain. According to the Barber Wadlow report, since 2015 the prices of petrol stations in the UK have increased by 60%. Oil companies have long lost their monopoly on fuel sales among the national […]...

Jun 20th, 2017

The Cost of Benzene in the European Market in June 2017

Some European buyers and sellers of benzene reported that contract price of benzene decreased by EUR 17 compared to the May price. Today a tonne of benzene is EUR 737.  The current exchange rate of Euro to the U.S. dollar (EUR/$) is $1, 1173. Accordingly, in dollar terms, the price per tonne of benzene in […]...

May 30th, 2017

A New Cold Resistant Polymer from Oil Refining Wastes

The scientific team of Tomsk Polytechnic Institute together with foreign colleagues has developed a light and durable material from oil-refining waste. The material can remain undamaged under freezing temperatures in the Arctic Region. One of the special prospects of the international scientific centre “The Chemistry of the Future” established at the premises of the Institute […]...

Mar 13th, 2017

Oil Price Increase Makes BASF Is Optimistic Towards 2017 Earnings

German chemical mega corporation BASF expects to grow revenues due to the increase in oil price.  The previous year was rather challenging for the company as it had suffered damage after the violent explosion at its Ludwigshafen plant. Today the company is optimistic about further earnings provided that all segments contribute to the growth. According […]...

Jan 30th, 2017

European Gas Storage Facilities Are Under the Threat of Closure

Major industry players warn about the closure of gas storage facilities in Europe in the near future. Such verdict was announced at the European Gas Conference in Vienna. The reason for this is the weak economic conditions of operating companies across the whole continent. German and Austrian storage operators indicate that the summer and winter […]...

Mar 28th, 2011

Oil Eases as Libya Rebels Recapture Major Oil Port

In other Nymex trading for April contracts heating oil fell 0.2 cents at US$3.05 a gallon and gasoline was steady at US$3.04 a gallon. World oil prices eased in Asian trade Monday as Europe debt concerns escalated following reduction in bailout package by the EU. Light sweet crude for May delivery was seen trading at […]...

Mar 28th, 2011

Metals Energy Updates: Nat Gas Continues to Shine Copper Falls

The metal gained 0.7 percent this week after turmoil in Libya radiation leaks from a damaged nuclear reactor in Japan and Europe’s lingering debt crisis spurred demand for an investment haven US gold futures rose to record higher before falling and oil futures fell this week while the really shining commodity was natural gas which […]...

Jan 27th, 2011

51% Growth for EU Offshore Wind Power in 2010

With 308 new offshore wind turbines installed in 2010 – an increase of 51% in installed wind power capacity on the previous year – offshore wind power experienced a new record growth in Europe. In total, 883MW of new capacity, worth some €2.6 billion, were installed in 2010 in nine wind farms in five countries, […]...

Jan 26th, 2011

Global Energy Industry Down, Renewable Energy Up

The potential investment value of new power projects globally fell 53% in the fourth quarter (Q4) of 2010 compared to Q3, according to the EIC Monitor, whereas renewable energy projects have seen growth in number of projects and potential investment value. In the global power industry, the number of new projects (425) compared to 351 […]...

Jan 24th, 2011

Crude Oil Gains as U.S., Europe Economies Boost Outlook for Fuel Demand

March futures rose as much as 0.4 percent before a Commerce Department report this week that may show U.S. gross domestic product accelerated in the fourth quarter. Industrial orders in the euro area probably gained in November, according to a Bloomberg News survey before data scheduled for today. German business confidence unexpectedly climbed to a […]...

Nov 9th, 2010

Greenies Call for Carbon Price by 2012

Environmental groups are calling for a national carbon price to be implemented by 2012, ahead of parliamentary climate change talks in Canberra. A second meeting of the federal government’s multi-party climate change committee, set up to discuss the prospect of an Australian carbon tax, will take place on Wednesday. In a statement released to coincide […]...

Nov 9th, 2010

Oil makes gains above US$87 a Barrel in Europe on Stronger Stock Markets, Softer Dollar

Oil prices have remained above US$87 a barrel, near 2010 highs, supported by rising stock markets in Europe and a weaker dollar. By early afternoon Tuesday in Europe, benchmark oil for December delivery was up 31 cents at US$87.37 a barrel in electronic trading on the New York Mercantile Exchange. Earlier in the day it […]...

Nov 8th, 2010

Offshore Wind, Wave and Tidal Can Meet Europe’s Electricity Demand

Offshore wind, wave and tidal energy could technically provide all of Europe’s future electricity demand, according to a group of industry experts and scientists under the EU ORECCA project. Today offshore wind turbines with a total capacity of around 2.8 GW, are feeding energy into the European grids. Most of the wind farms are installed […]...

Nov 5th, 2010

US Ethanol Production Reaches Record High

Information from the Energy Information Administration (EIA) indicates that US ethanol production rose in August to an all-time high. August 2010 ethanol production averaged more than 869,000 barrels a day (bpd), up from 857,000 bpd in July. Ethanol demand, as calculated by the RFA, also reached an all-time high as well at 911,000 bpd in […]...

Sep 6th, 2010

Oil Drops to Near $74 as Traders Eye US Economy

Oil prices slipped to near $74 a barrel Monday as traders weighed whether growing Chinese demand can offset weak U.S. fuel consumption amid high unemployment. By early afternoon in Europe, benchmark oil for October delivery was down 45 cents at $74.15 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell […]...

Jun 16th, 2010

The Poetry of Cutting Greenhouse Gas Emissions

The world’s largest producer of corn-based ethanol will see a reduction in carbon emissions by 111% over petrol when it opens its first planned commercial cellulosic ethanol plant. This means Poet’s cellulosic ethanol actually has negative emissions; it will offset more greenhouse gas emissions than it produces. The analysis, compiled by Air Improvement Resource highlights […]...

May 27th, 2010

Europe Wants to Move Beyond 20% Greenhouse Gas Emission Reductions

The European Commission has presented an analysis of the costs, benefits and options for moving beyond the EU’s greenhouse gas reduction target for 2020 from 20% below 1990 levels to 30% once the conditions are met. At present these conditions have not been met. This communication follows the Commission’s Communication on “How to reinvigorate international […]...

May 26th, 2010

Europe Resists Shale-Gas ‘Bandwagon’

Environmental concerns hinder embrace of U.S. phenomenon Shale gas, viewed as a game-changer in the U.S. natural gas market, is likely to have less of an impact in overcrowded Europe, companies attending the Reuters Global Energy Summit said. The fuel — natural gas trapped in layered rock rather than porous reservoirs — accounts for a […]...

May 10th, 2010

Oil Rises for First Time in Five Days on Europe Emergency Fund

(Bloomberg) — Crude oil rose for the first time in five days on speculation an emergency fund by European policy makers will be sufficient to contain sovereign debt risks and help maintain growth in the region. Oil climbed from a 12-week low on May 7 after European Union governments and the International Monetary Fund agreed […]...