European oil majors BP and Eni are reportedly interested in developing the giant Majnoon oilfield, in southern Iraq, after Shell hands over the field’s operation to the Iraqi authorities, Kallanish Energy learns.
Canadian pipeliner TransCanada’s Keystone XL Pipeline on Monday passed what should be its final major hurdle – excluding inevitable lawsuits – as the Nebraska Public Service Commission (NPSC) voted 3-2 to approve the route for the roughly 1,200-mile line.
Construction of the Atlantic Coast Pipeline cleared another regulatory hurdle last Friday, as the U.S. Forest Service issued a favorable Record of Decision authorizing construction, operation and maintenance of the line on Forest Service lands.
Russia is unlikely to agree to a further extension on the output cut alliance it has with OPEC and other producing countries if oil prices are higher than $65 a barrel, according to Eurasia-Russia consulting firm Macro-Advisory.
Natural gas continues to play a key role in guaranteeing electricity supply in Spain, the country’s grid operator Enagas, said last week when gas demand hit a six-year record high, Kallanish Energy reports.
Portugal has confirmed it will close its two remaining coal-fired power plants before 2030, phasing out electricity generation from the so-called dirty fossil fuel, as the country joins the UK and Canada in a bid to spread international action against carbon emissions.