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Daily: Crude oil prices plunge on OPEC’s decision not to curb output
U.S. crude plunged 10 percent in its sharpest one-day decline in more than five years on Friday and Brent hit below $70 a barrel, dragged down by OPEC’s decision not to curb oil production made oil traders and analysts to harry in order to find another trading platform. U.S. WTI crude decreased $7.54 to close at $66.15 a barrel, and slipped further post-settlement, reaching a four-year low of $65.69. North Sea Brent declined by $2.43, or 3.3 percent, to settle at $70.15. Brent also closed down 18 percent for November for a fifth consecutive month of declines, or the longest losing strip since the 2008-2009 financial collapse.
read more... 01/12/2014
Statoil shuts production at Sleipner A platform following a gas alarm
Norwegian energy company Statoil has shut production at its Sleipner A platform in the North Sea following a gas alarm, as mentioned in the Stavanger Aftenblad newspaper on Saturday, citing a spokesman for the firm.
read more... 19/08/2014
British government investment system employed for Islamic solar project
A British government investment scheme might turn into a platform for Islamic financial investments in the country, according to a firm which is employing the scheme to set up a small solar power plant.
read more... 12/06/2014
Italy: GME energy bourse to close carbon trading platform after 3-year suspension
On March 22, Italian bourse Gestore Mercati Energetici (GME) will close its carbon emissions market, after more than three years of trade suspension as a result of a supposed illicit activity.
read more... 13/03/2014
European top energy companies to launch North Sea Power to Gas Platform
A European consortium composed from eleven top companies have established the North Sea Power to Gas Platform, to jointly develop the concept of Power-to-Gas (P2G) – the conversion of renewable electrical power into a gaseous energy carrier like hydrogen or methane.
read more... 02/05/2013