Latest news
Daily: European spot power prices up ahead of the EU Parliament vote
Oil futures settled above $101 a barrel Wednesday, following intensification of turmoil in Egypt and worries about supply disruptions in the Middle East after a U.S. report showed a major drop in last week’s crude supplies. Brent crude settled higher on Wednesday increasing $1.76 to $105.76, its highest level since June 19. U.S. crude futures for August ended at $101.24 a barrel on the NYMEX, up 1.7%.
read more... 04/07/2013
Eni had made important oil discovery in Egypt
Italian energy company Eni has announced on Wednesday that it had made a new oil discovery, at the NFW well “Rosa North 1X‘, located in the Meleiha Concession, in the Western Desert of Egypt, as Eni plans to consolidate exploration activities in the country.
read more... 07/02/2013
Daily: European spot power declines on strong French nuclear supply and milder weather
Front crude Brent and U.S. crude oil increased on Friday, backed by new protests in Egypt and optimism about talks on releasing aid to Greece. Front crude Brent climbed 83 cents to settle at $111.38 a barrel on Friday, posting a weekly gain of $2.43. Meanwhile, U.S. crude oil futures rose 90 cents to settle at $88.28 a barrel on Friday, posting a weekly gain of $1.61.
read more... 26/11/2012
Italy’s Eni makes a significant oil discovery in Egypt
Italy’s energy giant Eni unveiled an important oil find in Egypt's Western Desert, at the Emry Deep exploration prospect, located in the Meleiha Concession, 290 kilometres southwest of the port city of Alexandria.
read more... 25/05/2012
Egypt to award a contract for a 1, 000 MW wind farm
Egypt’s ministry of electricity has recently announced that is planning to award a contract for the construction of a massive 1,000 megawatt wind farm in the country.
read more... 15/02/2012