MYLIFE REAL ESTATE presents this great opportunity to reform in one of the most sought after areas of the city, Turó Park.
The property is located on the fourth floor of a building located a few meters from Turó Park and has a constructed area of 248 m2 with a 20m2 terrace. The day area consists of a large living room with access to the terrace, which offers a lot of light. It is separated into two rooms. The kitchen is equipped and furnished with a utility room and a service room with a private bathroom. There is a large room currently used as an office. In the night area we find four rooms, all double and exterior. Two full bathrooms service rooms. The property has a parking space and a storage room on the farm included in the price. The farm has a green area and concierge service.
The Turo Park
The Turó Park, which was a great amusement park in Barcelona, is now beautiful gardens surrounded by a hundred houses. Located in the upper area (Sarrià – Sant Gervasi), living in the middle of this urban forest makes it the second most expensive area in Barcelona, after Paseo de Gracia, with prices of 6,000 to 10,000 euros per m2. Today it accumulates a total of 100 apartments for sale for a value that exceeds one million euros. Turó Park is confirmed as the most demanded ‘prime’ residential area in Barcelona. This is what Barnes International, the French firm in the luxury real estate market, says. Currently, it has a hundred homes of at least one million euros put up for sale. This makes this area of the Sarrià-Sant Gervasi district one of the most dynamic in Barcelona.
LONDON, Oct 27 (Reuters) – UK oil company BP posted third-quarter profits again albeit still with modest numbers, warning that the pace of recovery from the pandemic remains uncertain and continues to weigh on fuel demand and margins. refining.
The London-based company said that while demand for fuel in Asia, particularly China, was recovering, global consumption remains weak so far in the fourth quarter.
Shares in BP are down more than 50% this year and remain near their lowest level in 25 years, hit by weakening oil prices and investor concerns about the group’s ability to transition. success from fossil fuels to renewable energy.
Still, the coronavirus crisis will not stop BP’s transition plans, its chief financial officer, Murray Auchincloss, told Reuters.
“It’s hard to imagine that the environment could be much more brutal than in the third quarter,” said Auchincloss, even if in the fourth quarter “there is no substantial change.”
BP posted a profit adjusted to replacement cost, the denomination used by the group for net profit, of $ 86 million (about 73 million euros) in the fiscal quarter ending September 30, exceeding the expectations of analysts of losses of 120 million dollars (about 100 million euros).
The result follows record losses of $ 6.7 billion in the previous quarter, when it also cut the dividend in half.
Weak demand for fuel continued to weigh on the refining margin, with BP’s plants operating at 80% of capacity, the group reported. Fuel demand remains around 15% below pre-crisis levels.
BP’s refining margin of $ 6.20 per barrel is a slight increase from the previous quarter, but is still less than half the level of a year ago.
BP’s results were supported by higher oil prices and better results from the natural gas business, although oil was “significantly lower” than the previous quarter, BP said.
Refining and selling fuel often help offset weak oil and gas prices. But this year BP and its rivals have had to face a perfect storm, after the coronavirus pandemic caused a sharp drop in hydrocarbon prices and fuel demand.
“Despite the difficult macroeconomic environment, this was a strong result for BP,” Thomas Adolff, an analyst at Credit Suisse, said in a note.
Shares of BP were up 1% at 1037 GMT.
Information from Ron Bousso and Shadia Nasralla; edited by Jason Neely and David Evans; translated by Darío Fernández in the Gdansk newsroom
Turkey stated that there is a possibility for it to cooperate with foreign companies to develop its massive discovery in the Black Sea.
According to a Reuters article, Turkish Energy Minister Fatih Donmezdeclared that the country would exploit the Deposit Of gas.
Donmez recalled that the country made the discovery on its own with the Tuna-1 (Danubio-1) well but left room for possible cooperation with foreign companies in terms of detailed work and equipment.
This statement came just days after Turkish President Recep Tayyip Erdoğan said that 85 billion cubic meters of natural gas were added to the initial 320 bcm in the Tuna-1 discovery.
At Saturday’s press conference at the Fatih drillship helipad, Erdoğan claimed that reserves at the discovery were now estimated at 405 bcm of natural gas.
To recall, Fatih began operating in the Tuna-1 well in late July, about 100 nautical miles north of the Turkish coast in the western Black Sea. The gas discovery was made in August and the initially forecast reserve was about 800,000 million cubic meters.
At the time, WoodMac called the discovery transformative for Turkey but claimed that regardless of the political and economic significance, reaping the rewards of supply would be complex and that the 2023 date to bring it online was ambitious.
All drilling activities for the well have been completed and Fatih will continue drilling in November on the Turkali-1 well at the Deposit from Sakarya, where the Tuna-1 well is also located.
Fatih is currently the only vessel working in the Black Sea. According to AIS data, it is located opposite the port of Filyos. As previously announced, the drillship would join the Kanuni drillship after maintenance work.
Turkish oil company TPAO said via social media on Thursday that Kanuni arrived at the port of Haydarpasa, where the derrick would be removed from the platform to allow the drillship to cross under the Bosphorus bridges on its way. towards the Black Sea.
Furthermore, in a statement published several days ago, the TPAO stated that it planned to drill two appraisal wells one behind the other using Fatih, while Kanuni will conduct well tests.
According to the company, Sakarya 3D, named by the TPAO as the largest seismic acquisition in the Black Sea, will begin in November to explore the potential in the broader basin.
The company added that a pre-FEED agreement has already been signed for the selection of the concept to produce the first gas of the Deposit de Sakarya a principios de 2023.
More information in: Offshore Energy / Free translation from English by World Energy Trade
The world stopped between March and May and, with it, energy consumption plunged to record lows. Without factories, without companies, without cars, without airplanes, without ships… Only household consumption rose slightly, around 4%, far from being able to compensate for the slowdown in everything else. Thus, for example, in Spain electricity demand fell on average by 12.7% between March and June and natural gas by 15.5%. The demand for gasoline 60%, diesel A 43% and aviation fuel 88%.
But the first onslaught of the coronavirus in the world had a definite negative impact on oil. West Texas (WTI) lost more than 65% in the futures market and the reference Brent in Europe the same. In fact, in April, futures were trading negative for the first time in history and traders paid up to $ 40 to get rid of barrels that they had no place to store in a scenario of excess supply and no demand.
The great dilemma of producing countries: is the negative price of oil sustainable?
The depletion of the storage capacity of crude oil in the US plunges crude prices by up to 70% and puts the shale oil industry on the ropes
Is this impact final?
Experts agree that although covid has had a very strong impact on the energy marketAs with everything else, this impact is temporary. The closures of all countries have been noticeable in demand, while supply has adjusted. But it would be a temporary effect. And it is that covid apart, the world grows in its demand for energy without ceasing. The world is thirsty for energy and needs more and more to function. We are 7.8 billion people and GDP per capita grows annually, something that could not be done without more energy or with more efficient energy.
In this way, the demand for primary energy in the world grew in 2019 another 1.3% And, in fact, it has never stopped growing in the last 200 years. 2020 could be an exception, but something very timely given the circumstances. However, the high uncertainty that exists makes it difficult to establish estimates for the end of the year.
Which country has had the worst share?
The American shale industry undoubtedly, since the sharp drop in crude oil generated many bankruptcies of companies dedicated to this modality that already had their excessive indebtedness. “This had a very profound impact, since a price per barrel below 55 or 60 dollars makes these types of companies incur losses,” Diego Morín, an expert at IG Markets, explains to El Confidencial. “In addition, the difficulty in storing the crude produced generated a lot of uncertainty in the Gulf of Mexico, where it was even possible to rent tankers to store crude offshore,” he says.
Not surprisingly, the United States is the country that had grown the most in production in the last ten years due to the development of unconventional oil extraction from shale in the rocks, the so-called ‘shale oil’. For this reason, it is also the country that has suffered the most from the collapse of prices since this type of production is highly dependent on constant investment to sustain it. In fact, these types of wells lose 70% of their capacity in the first year and if this industry is not lost, it stops.
The problem comes when at current prices this type of ‘shale oil’ is not competitive. Therefore, facing the elections in November one of the focuses of attention has been on the ‘fracking’ industry, as it is one of the largest ‘contractors’ in the American labor market and where the most has been invested in the last 10 years. Not surprisingly, it allows the US to be autonomous from the energy point of view (it has gone from being a net importer to being an exporter) so the impact of the covid in this sense can be decisive.
Will the world energy order change?
As in all sectors, energy is not going to be alien to covid-19 and, for now, its direct impact on the most important industry of the world’s leading power is going to change the future of the world energy market in one way or another. The key is how far and with what intensity that change will come.
“For now, what we see are many disputes and insecurity between the producing countries, where the United States, Saudi Arabia, Europe or Latin America still cannot find a clear direction to resume their activities. Therefore, I think there will be a before and after the coronavirus, with possible alliances between producers and many disputes, so we will have many months of instability in the market, ”explains Morín.
However, throughout history there have been other energetic transitions and these are always slow. Before the covid there was already a global consensus to stop depending exclusively on oil for geostrategic, economic, social and environmental issues.
The intention is there, but the road is longer, more difficult and more expensive than we think, and it cannot come from the hand of a punctual blow, no matter how hard it may have been, like this pandemic. Replacing the day-to-day demand for oil is very complicated and expensive. In 10 years, the weight of oil + coal + gas has fallen only from 86% of world demand to 84%, according to data from the British Petroleum Statistical Review of World Energy. Despite commitments and investments, fossil energy sources have only fallen 2 percentage points in this time.
Oil, image, geopolitics: what hides the accelerated space race in the Gulf?
With the launch of the Mars Hope probe (Al Amal, in Arabic), the UAE becomes the fifth country to reach the Martian orbit, and the architect of the first Arab interplanetary exploration
Is the demand for oil going to recover?
In the short term, experts agree that it is complicated due to the uncertainty due to the advance of the coronavirus and the new measures in the countries with the highest number of cases, which mean that two of the producing countries, Saudi Arabia and Russia, have been far away in terms of negotiation this week.
The demand for oil has passed in 10 years from 85-86 million barrels day to 100 million barrels day. The brutal impact of the covid has caused it to fall on time to levels of 70 million barrels in the moments of most extreme confinement (April / May). We are already at levels of 94/95 million barrels. And that in the absence of the recovery of the normality of the airline sector, key to return to 100 million barrels a day.
In fact, China is already above precovid levels as far as the demand for crude oil is concerned. Thus, the market consensus suggests that the COVID crisis is strong, but it is temporary and the economic aid packages announced by governments (trillions of euros) will be there for years.
Meanwhile, OPEC + will try to adjust to support the oil market as restrictions continue to affect demand.
Are we going to see the price of a barrel back at $ 100?
A strong rebound in price is, in general by all analysts, ruled out, at least in the short and medium term. “Currently there is an excess of oil motivated by a continued growth in the supply during the last years and a sharp deterioration in demand and consumption prospects, as a result of the outbreak of the coronavirus. The consumption of raw materials is closely linked to the economic cycle, but if we add to this current cocktail, in addition, mobility restrictions that reduce the movements of citizens to a minimum, the crisis is accentuated “, they explain from IG.
The barrel should be priced at a price at which the least efficient producer has an economic incentive to continue producing. Above demand levels of 100 million barrels a day, this price should be $ 55.. But if demand remains stable / growing and there is no investment, price tensions can occur.
When there is no economic incentive, there is no investment, less is produced, a deficit is incurred and the price rises to “encourage” new producers (with a higher price if they make money). And vice versa, when there are excesses, the price sinks and the less efficient producers stop.
Total seeks more renewable assets in Spain after buying EDP customers
Juan Cruz Peña
The French oil giant analyzes several photovoltaic portfolios of large developers with the aim of substantially increasing its generation capacity with clean energy
Has the pandemic been the final push for renewables?
The pandemic has weakened the economy and a mechanism to stimulate it is public investment that revitalizes the labor market, generates activity, etc. In that sense, renewables are in good shape. There are many investment plans. We will undoubtedly see more renewable energy, but also from other (natural and nuclear gas, above all).
How has the covid affected nuclear power plants?
It has negatively affected it, at least in Spain, where the sector has asked the Spanish government for action to reach an agreement on the payment of taxes, since, according to the president of the Nuclear Forum, Ignacio Araluce, “it is impossible to pay 120 % of taxes on the invoicing ”. Further, the irruption of renewable energy can greatly punish nuclear energy, especially in terms of costs, since the arrival in the coming years will continue to grow.
A situation that contrasts with the rest of the countries. Thus, for example, Poland has announced the construction of five nuclear reactors; Japan has received the OK to reopen two more reactors; The Netherlands has opened consultations to install nuclear power; Belgium has postponed the life of its reactors; China has more than 45 reactors under construction and others under study …
According to the British Petroleum Statistical Review of World Energy, nuclear energy in 2019 accelerated its growth by 3.2% and is almost at a historical demand record. It is the great partner of renewable energy does not work (because there is no sun or wind). The world cannot be decarbonized without counting on nuclear energy as a source / technology that guarantees supply.
China, the US, Russia? Who wins and who loses in the new energy geopolitics
The Wall Street Journal
Power will shift from traditional oil giants like Russia and Saudi Arabia to innovators like China (and perhaps the US)
What source of energy is going to be the winner of the pandemic?
“Renewable energy is the winning energy of this pandemic, above all because of the aid that will come from the European fund, with part of the budget destined to companies that carry out green and sustainable energy, something that will attract strong investment from retail investors ”, says Morín.
Although it is still early to know which one is going to win and for how long. For example, in Germany they turned off the nuclear power plants because they wanted to bet everything on renewables (sun and wind) and the energy that has gained from this, curiously, has been the coal that acts as a ‘back up’.
The Turkish government announced the discovery of deposits of billions of additional cubic meters of natural gas in a huge reservoir in the Black Sea.
The announcement, made this Saturday by the President of Turkey, Recep Tayyip Erdogan, on board the Fatih drillship, alludes to the discovery of 85 billion cubic meters of natural gas in the Black Sea, while the total volume of the TUNA well -1, the find of which was announced in August, is about 405 billion cubic meters.
“Our vessel continued working after finding the first gas field. During the new explorations, an additional 85 billion cubic meters were found. The total volume amounts to 405 billion cubic meters “Erdogan wrote through his Twitter account.
In addition, after expressing the hope that with discoveries like this, Turkey’s dependence on foreign natural gas will decrease significantly, it has announced that the goal is now to begin extraction of gas from the field in 2023.
The Turkish leader added that Turkey will continue to search for hydrocarbons in both the Black Sea and the Mediterranean. According to the head of state, the country plans to become a net energy exporter.
However, the search for gas in the Black Sea and the eastern Mediterranean Sea has caused a conflict between Turkey and Greece and Cyprus, and by extension with the European Union (EU), because the three countries dispute exploitation rights. of hydrocarbons in the same waters.
ISTANBUL / ATHENS, Oct 12 (Reuters) – The Turkish vessel at the center of a dispute with the European Union over offshore prospecting rights set sail on Monday for new seismic studies in the Mediterranean, a move that Athens described as a “great escalation” that threatens regional peace.
The Oruc Reis is planning to carry out work south of the Greek island of Kastellorizo, off the southern coast of Turkey, according to a naval advisory issued late Sunday.
Tensions between Turkey and Greece appear to have escalated after a brief lull in which the parties agreed to resume talks that would include discussing competing claims for possible maritime energy resources.
Turkish Energy Minister Fatih Donmez wrote on Twitter that the Oruc Reis had raised anchors after undergoing maintenance.
“We will continue to explore, excavate and protect our rights,” he wrote.
Last month, Ankara withdrew the ship from disputed eastern Mediterranean waters to “make way for diplomacy” ahead of an EU summit at which Cyprus had lobbied for sanctions to be imposed on Turkey.
The EU said at the summit that it would punish Turkey if it continues its operations in the region, sanctions that could arrive in December. Ankara said such a warning strained its ties to the bloc.
Navigation data on Monday showed the Oruc Reis heading south from the port of Antalya. Two other vessels, the Ataman and the Cengiz Han, will carry out their operations until October 22 in an area that includes southern Kastellorizo, according to the notice from the automated naval information service NAVTEX.
“The new Turkish NAVTEX over the surveys south of Kastellorizo within the Greek continental shelf, at a distance of only 6.5 nautical miles from the Greek coast, constitutes a great escalation,” said the Greek Ministry of Foreign Affairs.
The move, which comes after Ankara promised to propose a date for exploratory talks with Athens, showed that Turkey is “unreliable” and “does not really want a dialogue,” the Greek ministry said.
Information on Tuvan Gumrukcu from Ankara, Yesim Dikmen from Istanbul, George Georgiopoulos from Athens; written by Ezgi Erkoyun and Daren Butler; edited by Jonathan Spicer and Timothy Heritage; translated by Darío Fernández in the Gdansk newsroom
MyLife Real Estate presents this fantastic 62 m2 built property located in one of the most demanded areas of Barcelona, El Camp de l’Arpa del Clot.
The apartment is located on a fourth floor, exterior, oriented to the West. In the day area we find a dining room connected by a window open to the kitchen. The kitchen, equipped and furnished, is spacious and has an office table. In the night area we can find two double rooms, one of them has a balcony. The area is completed with a bathroom. Parquet floors, air conditioning, aluminum carpentry, updated kitchen and bathroom and other qualities make this property a great opportunity to move into.
The Clot Harp Field
The Camp de l’Arpa del Clot is one of the neighborhoods that make up the Sant Martí district, in the northeast of Barcelona. Its limits are, to the northwest, Carrer de Sant Antoni Maria Claret; to the northeast, the Carrer de Las Navas de Tolosa; to the east, Avinguda Meridiana; to the southeast, Carrer d’Aragó; and, to the southwest, Carrer del Dos de Maig. The Carrer del Freser, Carrer de la Independència and Carrer de Mallorca run through it. The neighborhood preserves old streets and passages that were not affected by the Cerdà plan to remodel Barcelona. The area is very well connected by bus and by metro (Camp de l’Arpa, Navas, Clot, Encants and Hospital Sant Pau).
Maas emphasized that many European workers depend on the construction of the Nord Stream 2 pipeline.
Berlin Federal Foreign Minister Heiko Maas (SPD) expects EU sanctions after the declared poisoning of the Kremlin critic Alexej Navalny against Russia. Germany handed the case over to the Organization for the Prohibition of Chemical Weapons (OPCW) for investigation, Maas told the internet portal t-online on Saturday.
“If the result of the German, Swedish and French laboratories is confirmed, there will be a clear answer from the EU. I’m sure of that.” Meanwhile, the Ministry of Justice announced that Russian authorities had already made four requests for mutual legal assistance in the Navalny case. Three of them were forwarded to the Berlin justice system, said a spokesman for the Reuters news agency on request.
The foreign minister said the EU member states would then decide together which sanctions against Russia are at stake. Maas did not want to decide whether it would be a matter of measures against individuals, sectors of the economy or all of Russia.
“Sanctions must always be targeted and proportionate,” he said simply. When asked whether it would not be a double standard to stick to the construction of the Nord Stream 2 North Sea pipeline, Maas said that more than 100 European companies were involved in the pipeline, half of them German. “This would mean that many European workers would suffer from a construction freeze.”
British economy more dependent on agreements
Despite the current dispute between Great Britain and the EU, the Foreign Minister is optimistic that a trade deal will still be reached after Brexit. “There are outstanding interests in an agreement on both sides,” said Maas.
“A trade agreement with Great Britain is important for the EU, otherwise it would have many disadvantages for workers in Germany. Conversely, the British economy is even more dependent on an agreement. “
Most recently, a dispute broke out between the two sides over the British Internal Market Act, which was approved by the lower house of the British Parliament on Tuesday. It is intended to undermine important parts of the agreement signed by Prime Minister Boris Johnson in 2019.
The EU sees this as a serious breach of trust and law – and has announced legal action. There is a threat of a hard economic break between the EU and Great Britain at the end of the year.
The EU will not put up with the annulment of parts of the Brexit agreement by the controversial internal market law, said Maas. The Commission “has already reacted to this with infringement proceedings,” argued the minister. Incidentally, Germany and the EU are also prepared for a no-deal scenario.
More: A little protest: the EU is avoiding a break with London