Latest news
Engie welcomes first gas delivery at Cygnus field in the North Sea
ENGIE E&P UK (formerly GDF Suez E&P) had started production from the giant Cygnus southern North Sea gas development.
read more... 15/12/2016
Gazprom and OMV reach a basic agreement on potential asset swap
Russian energy giant Gazprom and Austrian oil and gas group OMV reached a basic agreement on Wednesday to swap a 38.5% stake in OMV's Norwegian unit for a 25% stake in a section of Gazprom's Urengoy gas field.
read more... 15/12/2016
Daily: Crude oil losses 3% on firmer dollar after Fed’s decision to hike interest rates
Crude oil prices fell more than 3 percent on Wednesday as the dollar strengthened after the U.S. Federal Reserve’s decision to hike interest rates and after an increase in crude stockpiles at the largest U.S. storage hub renewed worries about a supply glut. Brent crude futures ended at $53.90 per barrel, down $1.82, or 3.27 percent after slipping as low as $53.80. U.S. crude closed the session down $1.94, or 3.66 percent at $51.04 per barrel after hitting a low of $50.92.
read more... 15/12/2016
Eni signs gas supply deal with Algeria’s Sonatrach
Italian energy firm Eni has signed on Tuesday a renegotiated gas supply deal with Algerian Sonatrach for the year 2016/2017.
read more... 14/12/2016
Denmark: Largest power plant replaces coal with wood pellets as fuel
Dong Energy has converted the unit 1 at Denmark’s largest power station- Avedøre to use wood pellets and straw as fuel rather than coal.
read more... 14/12/2016