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Polish Gdansk port H1 crude arrivals hit record high on Druzhba outage

6 days ago DieselGasoil Comments Off on Polish Gdansk port H1 crude arrivals hit record high on Druzhba outage
Warsaw — Poland’s oil pipeline operator PERN said Tuesday crude deliveries to Gdansk’s Naftoport increased almost 30% year on year in the first half of this year to 8.3 million mt, a record high, as a result of the suspension of Russian pipeline deliveries. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Is this the last bottleneck for Nord Stream 2?

1 week ago DieselGasoil Comments Off on Is this the last bottleneck for Nord Stream 2?
The Nord Stream 2 pipeline continues to face challenges, and after receiving permits from the Baltic States, now Denmark seems to be the last bottleneck. Large energy projects tend to be controversial due to environmental and political reasons. Nord Stream 2 (NS2) is not an exception as it is, arguably, the most contentious energy pipeline Read More

Replacing Kremlin’s ‘malign influence’ with Washington’s? US unveils new anti-Russia plan for Europe

1 week ago DieselGasoil Comments Off on Replacing Kremlin’s ‘malign influence’ with Washington’s? US unveils new anti-Russia plan for Europe
The US Development Agency (USAID) has released a new strategy for freeing its European allies from Russia’s alleged grip. It involves showering local media with US money and injecting American businesses into the local market. The plan, named ‘Countering Malign Kremlin Influence (CMKI) Development Framework’ and unveiled by the agency on Friday, has four stated Read More

Energean to buy EDF assets for up to $850 million

2 weeks ago DieselGasoil Comments Off on Energean to buy EDF assets for up to $850 million
By Yaacov Benmeleh and Francois de Beaupuy on 7/4/2019 TEL AVIV and PARIS (Bloomberg) —Energean Oil & Gas Plc agreed to buy the oil and gas business of Electricite de France SA’s Italian unit for as much as $850 million, a deal that will substantially broaden the Greek company’s geographic footprint. Energean will pay $750 Read More

Vestas pioneers wind energy in El Salvador with 54 MW EPC solution

2 weeks ago DieselGasoil Comments Off on Vestas pioneers wind energy in El Salvador with 54 MW EPC solution
News release fromVestas MediterraneanMadrid, 30 June 2019 Vestas has received its first ever order in El Salvador for the 54 MW Ventus wind park, which will be the country’s first utility-scale wind park. The engineering, procurement and construction (EPC) order has been placed by Ventus S.A. de C.V. and Tracia Network Corporation that are both Read More

Saudi Aramco signs crude supply, storage, refining deals with South Korean companies

3 weeks ago DieselGasoil Comments Off on Saudi Aramco signs crude supply, storage, refining deals with South Korean companies
Singapore — Saudi Aramco and its affiliates signed 12 agreements with major South Korean companies on Wednesday to reinforce relationships with Asia’s fourth biggest energy consumer, expand international operations, and support the region’s energy security with the expansion of Arabian crude oil supply to Asian markets. Not registered? Receive daily email alerts, subscriber notes & Read More

Tencent launches video streaming in Thailand, eyes SE Asia expansion

4 weeks ago DieselGasoil Comments Off on Tencent launches video streaming in Thailand, eyes SE Asia expansion
BANGKOK (Reuters) – Chinese tech giant Tencent Holdings Ltd launched its first overseas video streaming service in Thailand on Friday, as it ramps up its presence outside China. FILE PHOTO: A Tencent sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 4, 2017. REUTERS/Aly Song/File Photo Tencent is diversifying Read More

Tanker attack, petrochemical sanctions undercut Japanese efforts to mediate US-Iran tensions: analysts

1 month ago DieselGasoil Comments Off on Tanker attack, petrochemical sanctions undercut Japanese efforts to mediate US-Iran tensions: analysts
Highlights Japan wants to ensure oil flows from Persian Gulf Attack, sanctions timing may have hindered Tehran talks Washington — Japanese Prime Minister Shinzo Abe’s trip to Tehran, aimed at easing tensions between the US and Iran and securing Middle East energy flows to Japan, was severely undercut by oil tanker attacks in the Gulf Read More

Bullion the bully: Beijing answers Trump’s tariffs with massive gold-buying spree

1 month ago DieselGasoil Comments Off on Bullion the bully: Beijing answers Trump’s tariffs with massive gold-buying spree
China’s vast gold stockpile saw another boost in May, marking an ongoing increase for a sixth straight month, according to the latest data published by the People’s Bank of China. Last month, the central bank raised its bullion reserves to 61.61 million ounces from 61.10 million in the previous month. As of the end of Read More

Turning its back on greenback: Russia slashes share of US dollar in international reserves

1 month ago DieselGasoil Comments Off on Turning its back on greenback: Russia slashes share of US dollar in international reserves
The Central Bank of Russia continues to work on diversifying its foreign exchange reserves, and is gradually moving away from the US dollar, the head of the regulator Elvira Nabiullina says. According to the bank governor, Russia’s slower economic growth during the two years through 2015 after Western sanctions were introduced, had a huge negative Read More