Latest news
Total signs long-term LNG supply agreement with Japanese company
A French multinational oil and gas firm, Total, inked a deal with a Japanese energy company Chugoku Electric for liquefied natural gas (LNG) supply for 17 years starting from 2019, according to the declaration of the French company on Friday.
read more... 25/07/2016
SSE energy mix dominated by gas and oil power
Unfavorable weather conditions and a weak economy facilitated more electricity share from gas and oil fired power plants in the SSE portfolio from April to June.
read more... 25/07/2016
Daily: Crude oil plunges 4 percent on the week hit by oversupply concerns
Crude oil prices ended lower on Friday, diving 4 percent on the week, reversing the fourth weekly rise as the U.S. oil rigs number increased, adding to oil oversupply worries. Brent crude dropped 51 cents, or 1.1 percent, to settle at $45.69 a barrel, after declining to $45.17, the lowest level since May 11. For the week, Brent eased 4 percent. U.S. West Texas Intermediate (WTI) crude fell 56 cents, or 1.3 percent, to close at $44.19. It lost 3.8 percent on the week.
read more... 25/07/2016
Daily: British prompt gas prices edge higher on weaker output from wind farms
Crude oil prices tumbled 2 percent on Thursday on U.S. government data showing growing stockpiles of gasoline and other oil products, driving total petroleum supplies in the U.S. to record highs. Brent crude lost 97 cents, or 2.1 percent, to settle at $46.20 a barrel. U.S. West Texas Intermediate (WTI) crude closed down $1, or 2.2 percent, to arrive at $44.75.
read more... 22/07/2016
E.ON and Statoil will construct $1.3 billion Baltic wind farm
E.ON and Statoil are scheduling a 60 turbine offshore wind farm for the German Baltic Sea. The $1.3 billion (€1.2 billion) wind farm, named Arkona, will be located close to the German island of Rügen.
read more... 22/07/2016