November 30 Energy News
World:
¶ The Egyptian government has signed an umbrella agreement with European Development Partners to secure €267 million ($296 million) funding for implementation of a new large-scale windfarm in the Gulf of Suez area in Egypt. The Gulf of Suez windfarm will generate 650 GWh per year, enough for 370,000 Egyptians. [Al-Bawaba]
Wind power (Shutterstock image)
¶ Details of a production cut agreement are due to be finalized
at a formal OPEC meeting in Vienna. But key OPEC members appear to disagree over the plan, and some analysts believe there might not be a deal. With analysts speculating, Brent crude oil was down $1.76 per barrel at $46.48, and US crude was down $1.80 at $45.28. [BBC]
¶ A question mark hangs over a world-leading laboratory that has pioneered research into nuclear fusion for nearly 40 years. The Culham Centre for Fusion Energy near Oxford is…
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