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  • Eagle LNG EPC Chooses Matrix Services

    Eagle LNG EPC Chooses Matrix Services

    Eagle LNG’s Jacksonville LNG Export Center, which will require a funding of $500 million based on remaining design, will even utilize Chart Industries’ technology and liquefaction equipment know-how. The facility may have a production capacity of approximately 1.65 million gal./d of LNG with 12 million gal of storage, a marine terminal, and truck-loading capabilities. LNG provides significant environmental and economic…

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  • Area1 Says Russian Backed Hackers Attack Ukranian Burisma

    Area1 Says Russian Backed Hackers Attack Ukranian Burisma

    A Silicon Valley stationed safety agency called Area1 says it has discovered indications that state-sponsored Russian hackers have successfully hacked the Ukranian gas firm Burisma. The company has taken on a top position in US politics due to its links to Democratic presidential front-runner Joe Biden, whose son Hunter sits on the company’s committee. In July, President Trump asked Ukraine’s…

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  • Navitas Petroleum Alliance Raises NIS 271 Million for Shenandoah Project

    Navitas Petroleum Alliance Raises NIS 271 Million for Shenandoah Project

    The Navitas Petroleum collaboration, led by chairperson Gideon Tadmor, raised NIS 271 million in the institutional stage of an offering of participation items this morning. The alliance offered units at NIS 20.91 each, representing a 3.7% discount on the closing price of its participation units yesterday. Demand totaled NIS 360 million. Navitas Petroleum owns.5% of the Buckskin Venture in the…

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  • China Passes Long Held Tax Waiver for Cleaner Ship Fuel Exports

    China Passes Long Held Tax Waiver for Cleaner Ship Fuel Exports

    China has cleared a long-awaited tax waiver on exports of cleaner ship fuel, paving the way for refiners to increase output. However, Beijing may initially curb shipments to focus on growing its coastal marine fuel market, state refiner delegates say. Ships globally have switched to lower sulfur fuels or use emissions-eradicating devices, to adjust to new rules made by the…

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  • JetBlue Announces Plans to Become Carbon Neutral by 2050

    JetBlue Announces Plans to Become Carbon Neutral by 2050

    JetBlue Airways Monday declared its plans to become carbon impartial on all domestic flights by mid-2020 and will use an alternative fuel source for flights departing from San Francisco amid rising strain to cut greenhouse emissions. The aviation sector has been attempting to combat climate change by trying to halve its greenhouse emissions by 2050 compared with 2005 ranges and…

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  • API Highlights Energy Advantages Ahead of 2020 Presidential Elections

    API Highlights Energy Advantages Ahead of 2020 Presidential Elections

    The American Petroleum Institute(API) is venturing headlong into the political arena as the 2020 presidential election approaches. Mike Sommers, the institute’s CEO Tuesday, said the oil and gas trade hopes that it can remind Americans of how the deal benefits them as some leading presidential contenders and their followers claim the planet would be better off if the usage of…

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  • Natural Gas Shifts Downward Ahead of EIA Inventory Report

    Natural Gas Shifts Downward Ahead of EIA Inventory Report

    Natural gas costs broke down through the contract lows and continue to fall following a report that showed that hotter than normal climate is expected to cover a lot of the east coast for the next 8-14 days. This comes ahead of Friday’s inventory report from the Energy Information Administration (EIA), which is predicted to show that inventories descended by 83…

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  • Russia Hits Record Oil Production for Post-Soviet Era Despite OPEC+ Cuts

    Russia Hits Record Oil Production for Post-Soviet Era Despite OPEC+ Cuts

    Crude oil and condensate production in Russia reached a record high for the post-Soviet era last year, regardless of Moscow’s key role in supporting the ongoing output cuts of the OPEC+ alliance. Based on figures from Russia’s energy ministry, Russia produced 11.25 million barrels per day (BPD) of crude oil and condensate in 2019—up from 11.16 million BPD a year…

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  • Saudi Think on Cutting Light Crude Prices by 20-30 Cents

    Saudi Think on Cutting Light Crude Prices by 20-30 Cents

    Saudi Arabia, the world’s biggest oil well, could cut the costs of its light crude delivered to Asian countries in February on indicators of slowing demand ahead of the area’s peak refinery maintenance season, six trade sources stated. The original selling price (OSP) of flagship Arab Light crude in February may plunge by 20-30 cents per barrel, four of six…

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  • World's Second Largest Lithium Produce SQM Contemplates Alternatives After Court Ruling

    World’s Second Largest Lithium Produce SQM Contemplates Alternatives After Court Ruling

    SQM, the world´s #2 lithium producer, said Friday it “regrets” a decision by a Chilean environmental court that it must be prosecuted over excessive water use in the nation´s northern Atacama Desert. SQM mentioned in a statement that it was contemplating whether to take a further legal step over the finding by the First Environmental Court within the close by metropolis…

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