Latest news
Innogy enters Irish market, buys wind farm
The German company Innogy has purchased a wind farm in County Kerry, Ireland, thus entering the Irish market. The value of the acquisition of the Dromadda Beg wind farm has not been disclosed, but it is known that it will operate three wind turbines with a 10.2 MW capacity, which received planning approval in May 2014.
read more... 16/08/2017
OMV does not expect a cash call from Nord Stream 2 until the end of the year
OMV is confident that Gazprom-owned Nord Stream 2 won’t be making any more cash calls until the end of the current year. OMV has already settled the first €200 million portion of its funding obligation for the construction of the 55 bcm/year pipeline from Russia to Germany.
read more... 15/08/2017
Lack of customers drives Spanish coal mine to close down
The La Escondida coal mine was shut down on Friday. The last-of-its-kind project was located in the Caballed de Arriba town, and was closed down because no one wanted to buy its coal.
read more... 15/08/2017
Daily (14.08.2017): British wholesale gas prices rose on Friday due to an unplanned outage
Oil prices increased on Friday, following the IEA’s report which stated that crude oil stockpiles were now below 2016 levels. The agency also raised its 2017 demand growth forecast in its previous monthly report and declared it expected demand to be further expanded next year. Despite the strong demand, markets remain well-supplied thanks to strong output. Brent rose by almost 0.4% to close at $52.10 a barrel, while WTI price rose by around 0.5% to end at $48.82 a barrel.
read more... 14/08/2017
Britain's Tullow starts oil and gas exploration in Zambia
British firm Tullow Oil on Friday launched exploration for oil and gas in Zambia, Africa's No.2 copper producer, as the nation strives to diversify its economy and reduce its dependence on the industrial metal.
read more... 14/08/2017