Tuesday, November 26, 2024
Oil drops the most since May on fears coronavirus will hit growth- oil and gas 360

Oil drops the most since May on fears coronavirus will hit growth

CNBC Oil is on track for its worst week since May as the coronavirus outbreak continues to pressure prices. A slowdown in China’s economy would impact demand because China is the world’s largest crude oil importer, after importing a record 10.12 million barrels per day in 2019, according to data from the General Administration of Customs. China is also the second-largest oil

Norwegian energy major Equinor to run ship fitted with ammonia fuel cells- oil and gas 360

Norwegian energy major Equinor to run ship fitted with ammonia fuel cells

CNBC The European Union has awarded 10 million euros ($11.05 million) in funding to a scheme that is aiming to install an ammonia-powered fuel cell on a ship. The beneficiary of the money, the ShipFC project, is a consortium of 14 firms and institutions co-ordinated by NCE Maritime CleanTech. The project will involve the modification of Eidesvik Offshore’s “Viking Energy”