Fuel and energy

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 56.07 per barrel (bbl) on 19.10.2017.

Statoil’s board of directors and chief executive Eldar Sætre have agreed that Sætre will continue as CEO after he turns 62 in February 2018. Eldar Sætre will thus not use his contractual right to retire at the age of 62.

Iraq's oil ministry today warned foreign oil firms that concluding contracts outside of the federal government would be considered illegal and would grant the government the right to take legal action.

Torxen Energy and Schlumberger Sign Agreement to Purchase Palliser Block in Canada from Cenovus Energy

This will be the UK’s first new nuclear power plant to be built for a generation and will provide 7 per cent of the country’s electricity from 2025.

IEA analysis shows that billions can get electricity and clean cooking, bringing major economic and social benefits without any negative implications on climate.

A UK trade and technology mission visits Taiwan to share the UK’s experience in the renewable energy sector, focussing particularly on offshore wind.

\Gazprom Neft (rated AAA-RU by the Analytical Credit Rating Agency (ACRA)) has successfully closed the book building for its 001R-03R-series exchange-traded bonds, with a total nominal value of RUB25 billion, a maturity of five years, and a semi-annual coupon period.

In total in the labour season of 2017, at 115 sites of the Rosseti group of companies there were 91 crews with a total of 1,769 students from 88 educational organizations.

Hywind Scotland, the first floating wind farm in the world, has started to deliver electricity to the Scottish grid. Today the First Minister of Scotland, Nicola Sturgeon, officially opens the wind farm.

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 56.37 per barrel (bbl) on 16.10.2017