Latest news
Royal Dutch Shell: Quarterly earnings plummet over 70%, challenged by low oil and gas prices
British oil major Royal Dutch Shell reported a sharp drop in its quarterly profits, down by more than 70%, below analysts’ expectations.
read more... 28/07/2016
Daily: UK gas prices hit by supply glut
Crude oil prices declined 3 percent on Wednesday, with WTI crude futures reaching three-month lows, as U.S. crude and gasoline inventories hiked on low demand during the peak summer driving season. U.S. West Texas Intermediate (WTI) crude futures fell $1, or 2.3 percent, to settle at $41.92 a barrel. WTI's session low was $41.68, the weakest level since April 20. Brent futures eased $1.40, or 3.1 percent, to close at $43.47 a barrel. Brent earlier slipped to $43.33, the lowest since May 10.
read more... 28/07/2016
GE accomplishes gas turbine improvement in Egypt
General Electric has performed modernizations on two GE 9FA gas turbines at the 750 MW Nubaria combined cycle gas-fired power plant in Beheira, Egypt.
read more... 27/07/2016
Gas Connect Austria to fetch interest from at least three bidders for a 49% stake
Three bidders including Italy's Snam , Australia's Macquarie and Czech energy group EPH are considering placing bids for a 49 percent stake in pipeline company Gas Connect Austria.
read more... 27/07/2016
Turkish gas rebate will be applied for winter season
Rebate on natural gas prices for winter season will be made even if gas price arbitration cases with Iran and Russia are not settled, the Energy Minister Berat Albayrak declared on Monday.
read more... 26/07/2016