Fuel and energy

Policy challenges contributed to a significant slowdown in Asia-Pacific bitumen markets in 2017 despite strengthening regional economies, with little sign of an immediate pick-up in the early part of 2018

Sojitz Building Materials Establishes Company for the Sale of Interior Materials and Installation Management in Indonesia

Japan is pushing ahead with plans for the electrification of almost all energy consuming sectors to help meet its target for an 80pc cut in greenhouse gas (GHG) emissions by 2050

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Alexander Drozdenko, Governor of the Leningrad Region, took place in St. Petersburg today.

SOCAR Energy Holdings (SOCAR's Swiss subsidiary) is announcing its entry into the Austrian retail fuel market by taking over petrol station operator A1, as well as mineral oil trading company Pronto Oil.

Profit margins have taken over from cost cutting as the main focus for Australia's coal industry, as rising prices drive a shift from productivity improvements to longer term mine planning and asset renewal.

Statoil ASA (OSE:STL, NYSE:STO) and Petróleo Brasileiro S.A. - Petrobras (“Petrobras”) (BVMF: PETR4, NYSE:PBR) have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil.

The share of coal in the power mix will fall to 36% by 2022, the lowest since IEA began compiling statistics

The transaction nearly triples Statoil's production in Brazil, with attractive break-evens and potential for additional value creation for both parties through the application of Statoil's expertise in improved oil recovery (IOR).

Two-day meeting examined ways to improve data quality and collection

ROSATOM and King Abdullah City for Atomic and Renewable Energy (K.A.CARE) signed the roadmap for the implementation of the Program for the Cooperation on Peaceful Use of Atomic Energy.