Latest news
DONG Energy will utilize oil cashflow for renewables
DONG Energy has made known about plans to use the cashflow from its oil and gas business to finance investment in clean energy.
read more... 02/02/2016
Gamesa and Siemens in negotiations to create wind power world leader
German engineering company Siemens and Spanish renewable energy conglomerate Gamesa are envisaging a transaction that could form the world's largest wind power business, the Spanish firm declared on Friday.
read more... 01/02/2016
Turkey working on natural gas price reduction
Turkey is working to reduce the price of natural gas for domestic clients, the energy minister declared on Wednesday, in a move expected to be greeted by users who are fighting with increasing inflation.
read more... 29/01/2016
Ukraine will reduce 2016 gas imports, none from Russia
Ukraine is expected to reduce its natural gas imports to between 11 billion and 13 billion cubic metres (bcm) this year and bring it all from the European Union, avoiding Russia totally, as stated by its energy minister on Wednesday.
read more... 29/01/2016
Daily: Crude oil rallies on hopes of Russia, OPEC cooperation
Crude oil futures rallied on Wednesday after a declaration from Russia’s energy ministry that there is a possibility of cooperation with OPEC, raising hopes for a deal to slash a global oversupply. Brent crude increased $1.30, or 4.1 percent, to close at $33.10 a barrel, after hitting a session high of $33.49. WTI crude climbed 85 cents to settle at $32.30 per barrel, up 2.7 percent, having peaked at $32.84.
read more... 28/01/2016