News - page #41

Dong Energy, the $154 billion fossil-fuel company, is abandoning all fossil fuels and changing its name to Ørsted, to honor the discoverer of electromagnetism.

Kazakhstan has signed a trade agreement with China covering exports of 5 billion cubic meters of natural gas to the Asian giant for a year, a deal that is expected to generate $1 billion in earnings for the Central Asian country, JSC KazTransGas said on Tuesday.

Renewables made up close to a third of electricity in the UK during the second quarter of 2017, breaking the country's previous record (Q1 2017) for the highest percentage of electricity generated from sustainable sources.

The rankings measure the financial performance of energy firms on four key metrics: asset worth, revenues, profits, and return on invested capital. The list only includes companies that have assets greater than $5.5 billion.

Finance Minister of Ukraine Oleksandr Danyliuk believes that UAH 55 billion stipulated in the draft national budget for 2018 will be enough to pay subsidies.

Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has said that his ministry submitted its own vision of the gas price formula for households to the Cabinet of Ministers.

Natural gas production in Ukraine rose 3.6% in January-September 2017 year-on-year to 15.491 billion cubic meters (bcm), Ukrtransgaz has said in materials, according to Interfax-Ukraine.

Kyiv's business court has postponed the hearing of a case on the return of stakes in Kyivenergo, Kyivgaz and Kyivvodokanal to ownership of the city of Kyiv, the press service of the Kyiv General's Office has reported.

The EU is negotiating with Azerbaijan and Turkmenistan over a Trans Caspian Pipeline System, said Anca Paduraru, EU Spokesperson for Energy Union projects, AzerNews reports.

US oil and gas production in the third quarter of 2017 is expected to increase for a fourth quarter in a row, according to the latest Federal Reserve Bank of Dallas Energy Survey of upstream industry executives in the region.

The UK has set a new landmark for clean energy after authorities announced that the electricity powering British homes and businesses this summer was the greenest ever. The Guardian reports.

France has launched what it is calling its ‘Great Investment Plan 2018-22’ which will include €20 billion for its energy transition plan, made up of €9 billion for energy efficiency measures, €7 billion for renewables, and €4 billion to expedite the switch to electric vehicles.

A Republican Congressman is asking leading tech companies for evidence that Russia bankrolled ads opposing hydraulic fracturing, a contentious energy extraction process that has split American politics, The Independent reports.

Fire and exploding ammunition in an arsenal in the town of Kalynivka has not affected gas supply to Vinnytsa and the transit of gas, Advisor to Minister of Energy and Coal Industry of Ukraine Maksym Biliavsky has said.

The deadline for implementing a catalog of measures to join the European Network of Transmission System Operators (ENTSO-E) by Ukraine is July 2022, according to a presentation of Ukrenergo Head Vsevolod Kovalchuk at a roundtable in the Verkhovna Rada held on September 22.

DTEK Naftogaz plans to annually commission three or four new wells at its facilities using two or three drilling rigs, Ivan Hafych, the director for exploration and prospective development at DTEK Naftogaz, has told Interfax-Ukraine.

The Chairman of the Verkhovna Rada of Ukraine Andriy Parubiy proposed the Marszałek of the Polish Sejm Marek Kuhcinskij to sign a joint declaration with respect to the hazard posed by the construction of the gas pipeline Nord Stream 2.

The supervisory board member of Naftogaz of Ukraine, independent director Charles Proctor resigns his office through the absence of support of the corporate governance reform on the part of the government.

The off-schedule inspection conducted by the internal audit of NJSC Naftogaz of Ukraine revealed a series of violations in tenders on the part of Ukrgazvydobuvannia.

UAH 124 billion - these are budget revenues of local self-governments for 8 months of the current year, which is UAH 28 billion more than in the previous year. At the same time, the housing and utilities sector financing volumes for preparing for the heating season amount to UAH 3.5 billion.