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Energy giant BP, Eni made a significant gas discovery off Egyptian coast
Energy giants BP and Eni on Thursday unveiled a considerable gas discovery off Egyptian coast, adding to a series of finds in the region in the last year.
read more... 10/06/2016
IEA sees reduced global gas demand increase to 2021
Increase in natural gas demand will reduce to an average 1.5 percent a year worldwide through 2021, since stagnation in Europe and doubts about Chinese consumption offsets robust growth in India, as stated by the International Energy Agency (IEA) on Wednesday.
read more... 09/06/2016
TenneT launches the second tranche Green Bonds for offshore wind connections
European electricity transmission system operator (TSO) TenneT successfully launched its second Green Bond worth €1bn for investing in the transmission of renewable electricity from offshore wind farms to the onshore electricity grid.
read more... 09/06/2016
Shell restarts Iranian oil acquisitions
Royal Dutch Shell has restarted acquisitions of Iranian crude, turning into the second major oil firm after Total to resume trade with Tehran after the lifting of sanctions, according to trading sources and ship tracking data.
read more... 09/06/2016
Daily: European spot electricity prices firm, while forwards decline tracking weaker coal
Crude oil futures boosted on Wednesday, attaining 2016 highs above $50 a barrel and closing up for a third consecutive day on worries about sabotage oil facilities in Nigeria, although an increase in U.S. gasoline inventories amid peak summer demand could drag down prices. Brent crude rose by $1.07 to end at $52.51 a barrel. It prolonged gains in post-settlement trade, hitting $52.60 a barrel by 3:55 p.m. EDT (1955 GMT), and the highest level since October. WTI crude futures climbed 87 cents, or 1.7 percent, to close at $51.23 a barrel. The session peak was $51.34, the highest level since July.
read more... 09/06/2016