Latest news
Three German energy giants claim a €19bn compensation for nuclear closure
German utility giants E.ON, RWE and Vattenfall and government clashed at a court hearing over the country's controversial decision to phase out all nuclear plants by 2022 aftermath the dramatic incident at Japan’s Fukushima nuclear power plant in 2011.
read more... 16/03/2016
Daily: Crude oil soars 2 % following IEA report
Crude oil boosted 2 percent on Friday, with U.S. crude increasing for a fourth consecutive week, after the Paris-based International Energy Agency stated that the market may have hit bottom. Goldman Sachs remained pessimistic, declaring that prices could decline sharply in the next weeks with record U.S. stockpiles builds offsetting production falls in the country. Brent crude rose 34 cents, or nearly 1 percent, to settle at $40.39 a barrel. On the week, it posted a hike of 4 percent, heading for a third weekly gain in a row. WTI crude increased by 85 cents, or 2 percent, to close at $38.69 a barrel, after attaining a 2016 high at $39.02. It recorded an increase 7 percent on the week, a fourth consecutive week of gains.
read more... 14/03/2016
Nareva-run consortium wins $1.2 billion wind power contract in Morocco
A conglomerate managed by Moroccan energy company Nareva Holding has won a 12 billion-dirham ($1.22 billion) agreement to construct five wind farms across the country, with a total capacity of 850 megawatts, Nareva delcared on Thursday.
read more... 11/03/2016
Centrica finalizes Morecambe gas terminal pipeline project
Centrica has finalized a pipeline of 1.1 km to link its South Morecambe and North Morecambe natural gas terminals in the north of England, as stated by the British energy provider on Wednesday.
read more... 10/03/2016
Algeria: Sonatrach will invest $3.2 billion in pipelines
Algerian energy firm Sonatrach will invest $3.2 billion over four years to raise pipeline capacity since natural gas production increases from new and current fields, a major company representative declared on Tuesday.
read more... 09/03/2016