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Business › Energy

Oil Driller Ovintiv Faces Proxy Battle Threat From Kimmeridge

Bloomberg Quint | Jan 14, 2021 at 6:30 PM

Kimmeridge Energy Management Co. said it’s prepared to nominate directors to the board of Ovintiv Inc. if the oil and gas producer fails to take the necessary steps to improve its performance and restore investor confidence.

Gazprom retains its share of European gas market in 2020, despite volatility

TASS Russian News Agency | Jan 14, 2021 at 6:12 PM

In her video address, the head of Gazprom Export noted that by the end of 2020 the price under Gazprom’s long-term contracts turned out to be slightly lower than the spot prices on European hubs.

ADFD-funded solar project to light up, power city in Somaliland

Emirates News Agency | Jan 14, 2021 at 5:32 PM

Abu Dhabi Fund for Development (ADFD) funded solar energy project at Berbera City in Somaliland has been connected to the local electricity grid.

Global oil demand to recover in 2021 – Russia’s Deputy PM

TASS Russian News Agency | Jan 14, 2021 at 4:37 PM

The global oil demand will recover in 2021 but risks exist as well, Russian’s Deputy Prime Minister Alexander Novak told reporters on Thursday on the sidelines of the Gaidar Forum.

Wind generation in Europe rises to record in 2020

Luxembourg Times | Jan 14, 2021 at 4:34 PM

Wind power made up 15% of Europe’s total electricity generation in 2020, its highest-ever contribution to the region’s energy mix.

Mozambique Pushes for Total to Restart $20 Billion Project

Bloomberg Quint | Jan 14, 2021 at 4:22 PM

Mozambique wants Total SE to quickly restart work on its $20 billion liquefied natural gas project, despite concerns that insecurity could lead to a prolonged delay.

Fujairah oil product stocks fall for 4th week, longest slide since October 2020

Emirates News Agency | Jan 14, 2021 at 2:51 PM

Oil product inventories at the Port of Fujairah dropped for a fourth consecutive week, the longest stretch since the record slide in October 2020, as middle distillates slumped to an 11-week low and heavy distillates declined for the first time in three weeks.

Non-OPEC countries to boost oil supplies by 0.8 mln barrels/day in 2021 – report

TASS Russian News Agency | Jan 14, 2021 at 2:47 PM

The oil supply by non-OPEC countries may grow by 0.8 mln barrels daily in 2021, the Organization of Petroleum Exporting Countries (OPEC) says in its January report.

Global oil demand in 2021 will grow by 5.9 mln bpd – OPEC forecast

TASS Russian News Agency | Jan 14, 2021 at 2:29 PM

Oil supply by non-OPEC countries may grow by 0.8 mln barrels daily in 2021 after a decline of 2.5 mln barrels per day in 2020.

Japanese December Spot LNG Prices Jump

Natural Gas World | Jan 14, 2021 at 1:20 PM

The month marked the start of the bull run

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