Latest news
Mozambique and Eni ink 20-year LNG sales deal with BP
Mozambique and Italy's Eni have inked a 20-year agreement to vend BP liquefied natural gas (LNG), a significant step in getting a long-delayed project off the ground, as declared by state energy company ENH on Tuesday.
read more... 05/10/2016
Daily: Spot electricity prices tumble on firmer renewables output
Crude oil prices ended down on Tuesday after a dollar increase offset optimism over planned OPEC output reduction before a report indicating another weekly decline in U.S. crude stocks pushed prices up toward four-month highs in the post-settlement trade. Brent crude lost 2 cents at $50.87 a barrel, after rising to $51.37 during the session, its highest level since June 10. U.S. WTI crude settled down 12 cents at $48.69, after hitting $49.13 earlier, the highest level since July 5.
read more... 05/10/2016
Turkey more than quadruples thermal coal import tax for several nations
The Turkish government has more than quadrupled a tax to $70 a tonne on thermal coal imports employed in electricity generation from Colombia, Russia, South Africa and other significant coal producers, in a bid to back domestic coal production.
read more... 05/10/2016
German electricity connection to triple the cost to $16.7 billion
TenneT have announced that the cost of the important Suedlink electricity transmission connection in Germany will triple.
read more... 05/10/2016
ABB preserves Power Grids unit, makes known about a $3 billion share buyback
ABB declared on Tuesday it was keeping its Power Grids business, declining calls from shareholders who have campaigned for the $11.6 billion division to be detached from the Swiss engineering conglomerate.
read more... 04/10/2016