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Energy

6th Gulf Intelligence Oman Energy Forum opens

Muscat - BNA

The 6th annual Oman Energy Forum 2018, organised by the Gulf Intelligence, in cooperation with Petroleum Development Oman (PDO), was inaugurated in Muscat yesterday. The forum discusses challenges and opportunities in implementing the country’s energy transition strategy to achieve more sustainable economic and social growth, Oman News Agency (ONA) reported. The forum focused on revising and adopting comprehensive recommendations related to...Read More

Russia's Sovcomflot considers acquiring LNG-fueled ships

Moscow - TASS

Russia’s state-run shipping company Sovcomflot is considering the possibility of buying ships fueled by liquefied natural gas (LNG), the company's head Sergei Frank told reporters at the Transport of Russia exhibition on Wednesday. "We are currently holding talks in other segments on vessels of other sizes. The LNG-fueled fleet will include not only Aframax tankers, but also MR class [Medium...Read More

Russia expects new joint energy projects with Vietnam

Hanoi - TASS

Russia expects to expand cooperation with Vietnam in the energy sector and hopes new projects involving Gazprom, Rosneft and Zarubezhneft will emerge, Russian Prime Minister Dmitry Medvedev said following talks with his Vietnamese counterpart Nguyen Xuan Phuc. "We hope that these ties [between the two countries’ energy companies] will strengthen. To achieve that, we will create favorable conditions for implementing...Read More

US, Japan, Australia, NZ to bring electricity to Papua New Guinea

Port Moresby - DPA

Australia, Japan, New Zealand, and the United States on Sunday signed a deal to bring electricity to 70 per cent of Papua New Guinea by 2030. The agreement to develop the country's underdeveloped electricity grid was signed by the four countries and the government of Papua New Guinea at the Asia-Pacific Economic Cooperation (APEC) summit in Port Moresby. Currently, only...Read More

World Bank member offers 71 mln USD for building wind power plant in Jordan

Amman - Xinhua

International Finance Corporation (IFC), a member of the World Bank Group, said on Wednesday that it is providing 71 million U.S. dollars to finance the construction of the new Daehan Wind Power Plant in Jordan. The 51-megawatt plant, the IFC's second major investment in Jordan's wind sector this year, will be built in the southern governorate of Tafila to provide...Read More

Proportion of renewable energy reaches 38 per cent in Germany

Berlin - DPA

The proportion of energy that is generated from renewable sources in Germany reached 38 per cent in the first nine months of 2018. The figure has grown three percentage points since the same period of 2017, the Centre for Solar Energy and Hydrogen Research (ZSW) and the Federal Association of the Energy and Water Industry (BDEW) reported on Friday. In...Read More

Proportion of renewable energy reaches 38 per cent in Germany

Berlin - DPA

First high-level renewable energy conference to kick off in Cairo Tuesday

Cairo - MENA

The director-general of the International Renewable Energy Agency (IRENA) Adnan Amin arrived in Cairo on Monday to partake in Egypt’s first conference on renewable energy, which is set to start Tuesday. The three-day event, which will be held in Cairo and attended by Egypt's Electricity Minister Mohamed Shaker, aims to develop the use of renewable energy resources in Egypt. The...Read More

Russia starts exporting locally-produced solar panels to Europe

Moscow - TASS

Russia has started exporting locally-produced solar panels, First Deputy Energy Minister Alexey Texler said on the sidelines of the Russian Energy Week on Friday, adding that first batches have already been supplied to Europe. "Export supplies have been started already, particularly from the Novocheboksarsk plant to Europe," he said. Russia is currently implementing a program in support of renewable energy...Read More

Syrian-Iranian talks on bolstering strategic cooperation in electricity sector

Tehran - SANA

The required mechanisms to enhance strategic cooperation in the power sector were discussed during the meeting between Minister of Electricity, Mohammad Zuheir Kharboutli and Hassan Danaiefar, the Advisor to First Vice-President of the Islamic Republic of Iran and Chairman of the Iranian Committee on the development of economic relations with Syria and Iraq. During the talks, the two sides stressed...Read More

France says it fell short on greenhouse gas emissions

Paris - Egypt Today

France failed to meet its targets for cutting greenhouse gas emissions in 2016, the government said Monday, just a month after President Emmanuel Macron warned that "we are losing the battle" against global warming. The environment ministry said the country emitted 463 tons of greenhouse gases, measured as carbon dioxide equivalents, or 3.6 percent more than its goal. It attributed...Read More

US to overtake Saudi as crude oil producer: IEA

Paris - Egypt Today

The United States are set to overtake Saudi Arabia as the world's number two oil producer after Russia this year, as shale companies, attracted by rising prices, ramp up drilling, the International Energy Agency said on Friday. "This year promises to be a record-setting one for the US," the IEA wrote in its monthly market report. Crude production of 9.9...Read More

TransCanada secures contracts to move forward with Keystone construction

Montreal - Egypt Today

Canadian energy company TransCanada has secured 20-year oil supply contracts allowing it to move forward with the construction of the controversial Keystone XL pipeline, it announced Thursday in a statement. The agreements set out the transportation of around 500,000 barrels per day for two decades, a volume sufficient to confirm the pipeline's construction. In November, the US state of Nebraska...Read More

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Muscat - BNA

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Berlin - DPA

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