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Total and E.ON to abandon a pipeline to convey Azeri gas to Italy
France's Total and Germany's E.ON intend to exit the Trans Adriatic Gas Pipeline (TAP) to convey Azeri gas to Italy, since decreasing Italian demand puts energy projects into doubt, according to Vagif Aliyev, SOCAR's investment department manager at Azeri SOCAR.
read more... 04/06/2014
Daily: Brent crude holds steady, WTI climbs on positive economic data
Brent crude held steady and U.S. crude pared earlier losses to trade higher on Tuesday, as economic data from the United States and China spurred prices which were depressed by increasing global oil production. Brent crude for July delivery dropped by 1 cent to close at $108.82 a barrel, ending above its 50-day moving average of $108.56. WTI prices for July delivery boosted 19 cents to trade at $102.66, hitting $102.86 at 5 p.m. EDT (2100 GMT) in post-settlement trading.
read more... 04/06/2014
Britain: solar expansion expected to be larger in 2014
Britain's increase in solar capacity could be bigger in 2014 comparing to 2013 since companies boost government subsidies for new large plants before they finish, as stated by Foresight Group, an important British asset manager investing in the solar sector.
read more... 04/06/2014
Daily: UK gas reaches new lows on Russia, Ukraine temporary gas deal
Brent and U.S. crude oil settled down in a nervous trading on Monday, dragged down by a stronger dollar and recently released data showing that OPEC’s oil output increased to a three-month high. Brent crude for July delivery declined 58 cents to close at $108.83 a barrel, after striking $109.87 and further retreating below Brent's 200-day moving average at $109.07. WTI crude for July delivery traded 24 cents down to close at $102.47 a barrel, after hitting an intraday high at $103.35.
read more... 03/06/2014
Russia: Rosatom to increase orders to $100 billion in 2014
Russia's state nuclear company Rosatom plans to expand its global order book to $100 billion till the end of 2014, or a 25 percent increase year-on-year, by assuring new projects in Hungary, Kazakhstan, India and Iran, as declared on Monday by CEO Sergei Kiriyenko at a reunion with Prime Minister Dmitry Medvedev.
read more... 03/06/2014