Israel started to accept bids this week from energy firms wishing to drill for oil and gas in 24 offshore blocks, and its energy minister stated that in the end he would be happy selecting just two or three foreign exploration groups.
read more... 17/11/2016
Onshore hydrocarbon producer, IGas Energy plc, confirmed Tuesday that Nottinghamshire County Council’s Planning and Licensing Committee has awarded the company planning consent to drill up to two exploratory wells in Misson Springs, North Nottinghamshire, UK.
read more... 16/11/2016
French oil company Total confirms plan to invest more than $300 million in the solar project to equip 5,000 of its service stations across the world with solar panels, move that will slash Total’s electricity bill by $40 million a year and lower its annual carbon emissions by 100,000 tons.
read more... 16/11/2016
French state-owned power utility EDF signed a contract on November 15 to acquire loss-making Areva’s nuclear reactors in a deal worth 2.5 billion euros ($2.7 billion).
read more... 16/11/2016
Crude oil prices soared 6 percent on Tuesday, with U.S. crude hitting its largest daily percentage gain in seven months on revived expectations that OPEC will agree later this month to limit a global oversupply. U.S. crude closed the session $2.49 higher at $45.81 per barrel, a 5.8 percent gain, its biggest daily percentage hike since early April. Brent futures ended at $46.95 a barrel, up $2.52, or 5.7 percent, its largest percentage gain since September 28.
read more... 16/11/2016