Egypt is on the path to liberalize and deregulate its gas market, envisaging a gradual liberalization, transforming the country into a regional energy hub.
read more... 26/12/2016
Crude oil prices were little changed on Friday in a calm trade ahead of the Christmas and New Year holiday week. However, the crude oil contracts posted small gains, as the market strived to observe how OPEC manages its planned output cuts with Libya expecting to boost production. Brent futures rose by 11 cents, or 0.2 percent, to settle at $55.16 a barrel, while U.S. West Texas Intermediate (WTI) crude added seven cents, or 0.1 percent, to end at $53.02, its highest close since July 2015.
read more... 26/12/2016
Turkey’s electricity prices surged to their highest level in years, as natural gas consumption was spurred by higher household demand due to cold weather.
read more... 23/12/2016
Danish energy company Dong Energy signed a deal to divest 50% of its stake in the 573MW offshore wind farm project in the UK, called Race Bank, to the Macquarie Group’s units for £1.6bn.
read more... 23/12/2016
French energy giant Total has agreed to acquire certain upstream and downstream interests of Petrobras in Brazil in a deal worth US$2.2 billion.
read more... 23/12/2016