The World Bank Group said on Monday that it would double its current five-year investments to US$200 billion in the period 2012 through 2025 to support countries in their climate action plans.
Read MoreWhile diamond industry experts warn that demand is expected to outstrip supply as early as 2019, the largest mines keep producing the coveted rocks at full steam. Here are last year’s top 10 diamond mines in terms of output and value, based on data compiled by expert Paul Zimnisky. 1. Jwaneng, Botswana Produced 11,975,000 carats, worth $2,347 million Jwaneng, the richest diamond mine in the world, is located in south-central Botswana in the Naledi river valley…
Read MoreRatings agency Moody’s expects global liquefied natural gas (LNG) prices to remain constrained beyond 2020 as a wave of fresh supply capacity comes online at a time when demand from the world’s largest importers is weakening.
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“We’re facing a historic moment for Vale, a landmark that could be as important as privatisation 20 years ago” – Murilo Fereira, Vale CEO
Read MoreStatoil’s CEO Helge Lund will leave after ten years with the company to take up the position as Chief Executive of LNG player BG. “I could have continued for a period, but there is a time for everything. Renewal is important, both for Statoil and for me. I came to the conclusion that the time was right for a change. I have both the motivation and energy to take on a new leadership challenge, and found…
Read MoreSantos GLNG has fed natural gas into its 420-kilometre gas transmission pipeline for the first time via its primary compressor station in the Fairview field in south-west Queensland. Santos Vice President Downstream GLNG Rod Duke said that this was another important step towards Santos GLNG’s first shipment of liquefied natural gas from Gladstone Harbour next year.
Read MoreThe global energy efficiency market is worth at least USD 310 billion a year and growing, according to a new report from the International Energy Agency that confirms the position of energy efficiency as the world’s “first fuel”. The report also finds that energy efficiency finance is becoming an established market segment, with innovative new products and standards helping to overcome risks and bringing stability and confidence to the market.
Read MoreGE launched a new 16.5 megawatt gas turbine (NovaLT16) for mechanical drive and power generation applications in the oil and gas industry.
Read MoreThe European Union is preparing to take precautionary measures in case the biggest gas supplier, Russia, cuts its export this winter due to the crisis Ukraine. Measures could include the ban to companies selling imported LNG outside Europe, the order to keep more gas in reserve and the order to industry to stop using gas, reports Reuters. EU could be taking steps to ensure a more coordinated use of LNG regasification facilities as well as…
Read MoreWorleyParsons Limited said its revenue was up by 9% by $9.583 million, while the operating cash flow rose 24% to $550 million compared to $444 million in the previous corresponding period.
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