Oil prices jumped on Monday, after the world’s two biggest producers, Saudi Arabia and Russia, stated that an extension of the crude production cuts is likely from the middle of this year until March 2018.
read more... 16/05/2017
French and US utilities have teamed up to sell liquefied natural gas (LNG) in Central America. ENGIE and AES will use the Costa Norte LNG terminal presently under construction in Panama.
read more... 15/05/2017
Innogy, the biggest energy group in Germany, is losing customers in the UK and warned of more cost cuts at a business which is not likely to make a profit in 2017 because of increasing competition.
read more... 12/05/2017
The French company ENGIE is challenging UK’s six largest energy providers - Centrica, SSE , Scottish Power, Npower, E.ON and EDF Energy - by starting a new home energy business, that will propose to its clients the lowest tariffs at the end of fixed term deals.
read more... 12/05/2017
BP has initiated gas production at two fields - The Taurus and Libra fields - located in its West Nile Delta development offshore Egypt.
read more... 12/05/2017