BP, Metals and mining
Total has announced of the termination of coal production. It says this is not the consequence of financial difficulties but a conscientious refusal caused by the company’s intention to participate in the fight with the climate change.
Until recently the operator of coal development Total Coal South Africa has been in the structure of Total. In the summer 2014 Total signed an agreement on the sale of its coal production to one of the South African companies. The Government of the South African Republic approved this agreement and on August 20th 2015 it came into force.
In this connection P. Pouyanne, CEO of Total, said that the sale of the coal business meets the company’s general strategy. Realizing the consequences of coal use in the electric energy generation that emits by twice more carbon dioxide at burning than natural gas, the company has decided to correct the direction of its development.
The initiation of several major pipeline projects realization gives the Ukrainian pipe companies a chance to restore the load and export.Edited by Rhod Mackenzie / 2014-02-04 10:59:00
The initiation of several major pipeline projects gives an opportunity to restore the loading and exports of the Ukrainian pipe companies, whose market positions have seriously deteriorated in 2013.
In late January, the TANAP Dogalgaz Iletim company, representing the consortium to build the Trans-Anatolian gas pipeline (Trans Anadolu Pipeline, TANAP), summed up the selection of manufacturers and suppliers of pipes for this project.
In summary, the competition will be attended by 20 companies, 6 of which represent Turkey (Borusan Mannesmann, Umran Celik, Noksel Celik, Emek Boru Makina, Toscelik Profil and Erciyas Celik consortium), 9 - Asia (Japanese Metal One Corporation, Marubeni Itochu Tubulars Europe and Sumitomo Corporation, the Korean Daewoo International, the Indian Welspun Trading, Man Industries India, Essar Steel India, Ratnamani Metals & Tubes, the Chinese Baosteel Europe), 3 - the European Union (Salzgitter Mannesmann International, STS Tubular Group and Corinth Pipeworks) and 2 - the CIS (the Russian Trade House TMK and the Ukrainian Metinvest International).
In 2035, Russia will continue to be the largest exporter of energy sources in the world. The growth of the oil production in Russia will depend to a large extent on scales of difficult oil fields development, the Chief Economist of the British oil company BP Christof Ruehl predicts.
On Wednesday, the BP’s Head Robert Dudley and the Chief Economist Christof Ruehl presented report “World Energy Outlook” that is made by the company’s experts every year. In includes forecast of the world energy market through until 2035.
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