ArcelorMittal SA, the world’s biggest steelmaker, has bid 48 billion rupees ($673 million) to acquire Essar’s 1200 megawatt power plant in central India, one of the most prized assets in the debt-ridden group’s power portfolio.
ABU DHABI – United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday he expects an average oil price of $70 a barrel in 2019 on the back of an agreement to cut output by OPEC and non-OPEC oil exporters.
Cold weather blanketing much of the United States and Canada this week boosted spot natural gas prices on Friday to their highest levels since last winter in several regions and helped push U.S. futures to a near two-year high.
Oil prices were stable on Thursday, supported by rumblings from within OPEC that production curbs may become necessary again to prevent a return of global oversupply.
Oil prices dipped on Wednesday as rising output and U.S. sanction waivers that allow Iran’s biggest buyers to keep taking its crude reinforced the outlook for a well-supplied market.
India’s Petronet LNG and ONGC Videsh are jointly in talks about buying a stake in Tellurian Inc’s proposed Driftwood project in Louisiana, Petronet’s managing director said on Friday.
Asian spot prices for liquefied natural gas (LNG) were flat this week, at two-month lows, as bloated storage levels in the region left cargoes stranded and deterred trade.
Southeast Asia is a potential hotspot for renewable energy, yet the region has not met expectations because it lacks policy frameworks that would encourage investment, the International Renewable Energy Agency (IRENA) told Reuters.
Greek power utility Public Power Corp. (PPC) will receive binding bids for three coal-fired plants and a license for a new one by the middle of next month, the country’s energy minister said on Friday.
The Czech government may delay its decision on building new reactors at state-controlled utility CEZ’s two nuclear power plants, Industry Minister Marta Novakova was quoted as saying on Monday.
