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World Energy Demand to Rise 0.9% Per Year to 2045: OPEC

World Energy Demand to Rise 0.9% Per Year to 2045: OPEC

Global primary energy demand will see an average growth rate of 0.9% per year, increasing from 289 million barrels of oil equivalent per day (mboe/d) in 2019 to 361 mboe/d in 2045, according to the Organization of the Petroleum Exporting Countries' (OPEC) World Oil Outlook 2045 published on Thursday

MOL Romania Invests $200 Mln Since 1995

MOL Romania Invests $200 Mln Since 1995

The Romanian unit of Hungarian oil and gas group MOL said on Tuesday it invested some $200 million (170 million euro) in operations in Romania in the last 25 years

Chevron Seals Acquisition of Noble Energy

Chevron Seals Acquisition of Noble Energy

US oil and gas conglomerate Chevron has completed its acquisition of Noble Energy, which operates two gas fields off Israel’s coast, following approval by the Texas-based company’s shareholders

Turkeys Daily Power Consumption Down 1.6% on Oct. 1

Turkey's Daily Power Consumption Down 1.6% on Oct. 1

Turkey's daily electricity consumption decreased by 1.6% on Thursday compared to the previous day to reach 821,730 megawatt-hours, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Friday

OPEC: Uncertainties Continue to Affect Economic Recovery

OPEC: Uncertainties Continue to Affect Economic Recovery

Uncertainties and risks will continue to affect stability in the global oil market and the pace of economic recovery at a time of the ongoing battle against a COVID-19 resurgence and despite OPEC’s optimism, OPEC Secretary-General Mohammad Barkindo said on Thursday

Siemens Gamesa to Supply 8 Wind Farms in Pakistan

Siemens Gamesa to Supply 8 Wind Farms in Pakistan

Siemens Gamesa, s a global leader in the wind power industry, has secured a series of orders for eight new wind farms in Pakistan during the company’s 2020 fiscal year, totalling 410 MW

Serbia - Slovenia: Still Insufficient Efforts for Wastewater Treatment

Serbia - Slovenia: Still Insufficient Efforts for Wastewater Treatment

Wastewater treatment involves various methods of municipal and industrial wastewater treatment, by virtue of which harmful chemical and biological substances, as well as solids and gases are removed from wastewater, thereby achieving several very important goals

Lundin Upgrades Edvard Grieg Field Reserve Estimates

Lundin Upgrades Edvard Grieg Field Reserve Estimates

Sweden's Lundin Energy increased its reserve estimates at the Edvard Grieg field in the central North Sea by 50 million barrels of oil equivalent (mmboe) and extended the plateau production period to 2023, the company said on Wednesday

Romanias Hidroelectrica Upgrades Jidoaia HPP

Romania's Hidroelectrica Upgrades Jidoaia HPP

Romanian hydro power producer Hidroelectrica said on Thursday it has invested 1.98 million lei ($0.48 million/ 0.41 million euro) in the modernisation of its Jidoaia hydro power plant (HPP) in central Romania

Russia Calls For A Global Response To The Oil Demand Crisis

Russia Calls For A Global Response To The Oil Demand Crisis

All players on the global energy market need to act together to tackle the effects of the pandemic on oil demand, Russia’s Energy Minister Alexander Novak said at a virtual meeting of G20 energy ministers this weekend. “Our task, as the leaders of the energy industry, is to show stamina and solidarity in the face of the challenges like that,” Reuters quoted him as saying

LNG-Powered Container Vessel Delivered

LNG-Powered Container Vessel Delivered

French shipping major CMA CGM Group took delivery of the world’s first ultra large liquefied natural gas-powered container ship from its manufacturer Hudong-Zhonghua Shipbuilding (Group) Co Ltd in Shanghai on Tuesday, marking a significant step forward in the Chinese shipbuilder’s design and research capabilities, officials said

A Serbian-Born Graduate On Studying at Mining University

A Serbian-Born Graduate On Studying at Mining University

Here is a story of a Serbian oilman who was born in a tiny town, yet he got admitted to St. Petersburg Mining University. Now he is back home, working for one of the most profitable Serbian companies