Category: Energy / Oil / Gas

US Oil Output Hits 12 Million Barrels Per Day
22. 2. 2019 No Responses

US Oil Output Hits 12 Million Barrels Per Day

U.S. crude oil production reach 12 million BPD in mid-February, according to the EIA actual report. EIA’s weekly petroleum report showed crude output jump more than 1.7 million BPD compared to February 2018: From 10.3 million BPD to 12 million BPD....
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France Mulls EdF De-Listing
13. 2. 2019 No Responses

France Mulls EdF De-Listing

The French government is considering buying out minority shareholders of EdF (Electricite de France SA), amid nuclear challenge. It’s the first step in a corporate restructuring to address the challenge of replacing the country’s nuclear-powerplants. T...
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The South African President has promised to save the Eskom and divide it into 3 entities
8. 2. 2019 No Responses

The South African President has promised to save the Eskom and divide it into 3 entities

South African power plants Eskom, which produce 95% of electricity in South Africa, are facing $ 30 billion in debt. South African President Cyril Ramaphos announced that Eskom will be divided into three entities. Utility holding Eskom consists of 3...
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PG&E Files For Bankruptcy Protection With $50 Billion In Debt
29. 1. 2019 No Responses

PG&E Files For Bankruptcy Protection With $50 Billion In Debt

In what’s expected to be one of the most complicated bankruptcies in recent memory thanks to the involvement of indignant state and federal regulators, activist shareholders, worried bond holders and angry fire victims, PG&E has officially filed for ...
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German expert panel agrees on 2038 deadline to end coal use
26. 1. 2019 No Responses

German expert panel agrees on 2038 deadline to end coal use

In a pioneering move, a government-appointed panel on Saturday recommended that Germany stop burning coal to generate electricity by 2038 at the latest, as part of efforts to curb climate change. The so-called Coal Commission reached agreement in the early...
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Removing defunct oil and gas rigs in the North Sea could cost UK taxpayers £24 Billion
25. 1. 2019 No Responses

Removing defunct oil and gas rigs in the North Sea could cost UK taxpayers £24 Billion

NAO report reveals cost of removing hundreds of North Sea wells, rigs and pipelines British taxpayers face a £24 Billion bill for tax relief awarded to oil and gas companies removing hundreds of North Sea wells, rigs and pipelines, the...
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