Danish companies Maersk and Dong Energy envisage a $10 billion merger of their oil and gas operations to shore up their defenses against low oil prices.
read more... 29/11/2016
German energy watchdog has given the green light of Gazprom’s subsidiaries to have greater access to the Opal pipeline.
read more... 29/11/2016
Italian energy group Edison, a unit of French utility EDF is interested in acquiring oil company Eni’s retail business.
read more... 29/11/2016
Crude oil prices firmed more than 2 percent on Monday in volatile trading, recovering losses as the market reacted to uncertain conditions that top producers will be able to agree on output reductions at a meeting on Wednesday. U.S. West Texas Intermediate crude futures rose $1.02, or 2.21 percent to settle at $47.08 a barrel. Brent crude gained $1.00, or 2.12 percent, to close at $48.24 a barrel. In post-settlement trading, oil futures paired gains on reports that OPEC experts did not agree on the details of a deal to curb production.
read more... 29/11/2016
Finland has announced plans to phase out coal by 2030 in an attempt to considerably reduce greenhouse gas emissions.
read more... 28/11/2016