Global Oil & Gas: OPEC production steady in December.

OPEC produced 32.47 mb/d in December, according to a Bloomberg News estimate, essentially flat from a month earlier. Some notable declines came from Libya (pipeline outage), Saudi Arabia and Venezuela, while Nigeria boosted output. OPEC’s compliance rate for December stood at 121 percent, the same as November. Advertisements

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A world in transformation: World Energy Outlook 2017

The way the world meets global energy demand is changing dramatically according to the latest version of the International Energy Agency’s (IEA) flagship publication – World Energy Outlook 2017. A cleaner and more diversified energy mix in China is another major driver of this transformation.

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Mozambique Mining: Vale Nacala Project Finance to be signed on November 22

The Nacala Project Finance proceeds as planned, with the approval of the NEXI and JBIC Councils taking place during 3Q17, Vale says in its latest 3Q17 Performance Report. Now with all creditors (including AFDB, ECIC and commercial banks) completing their approvals, the next step is the signing of Project Finance, which will take place on November 22, 2017.

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