Latest news
CEO: Eni to inject 20 bln euros in Africa’s energy sector
Italian energy giant Eni envisages investing about 20 billion euros ($22.5 billion) in Africa over the next four years, mostly in the oil and gas industry, according to the company's Chief Executive Officer Claudio Descalzi.
read more... 18/04/2016
Poland’s PGNiG inks $870 million framework gas supply deal with chemical firm Grupa Azoty
Poland's state-run gas company PGNiG inked a framework deal to deliver natural gas to state-controlled chemical firm Grupa Azoty, with the estimated value of the agreement at PLN 3.3 bln ($870.09 million) and estimated volume of some 4.5 bln cubic meters, according to PGNiG.
read more... 14/04/2016
Daily: British spot prices tumble as robust flows from Norway offset blackout at gas terminal
Oil prices declined from new four-month highs in agitating trading on Wednesday after Russian oil minister Alexander Novak stated at a closed-door briefing that a deal on an oil output freeze expected to be signed this month in Doha would not yield a positive outcome. Brent crude fell 51 cents to settle at $44.18 per barrel, while U.S. crude eased 41 cents to close at $41.76.
read more... 14/04/2016
Egypt receives $4bn financing from international banks to develop 14 GW of CHP plants
Egypt's state-owned Egyptian Electricity Holding Company (EEHC) has received €3.5bn ($4bn) in financing from Deutsche Bank, HSBC and KfW's Ipex Bank to support the development of three gas power plants, which have a combined capacity of 14.4GW in Egypt.
read more... 14/04/2016
Israel will reduce carbon emissions, sees $8 billion economic expansion
Israel's cabinet on Sunday unanimously consented a plan for cutting greenhouse gases and raising energy efficiency to help the economy.
read more... 11/04/2016