Latest news
Eni and Kogas failed to find useable hydrocarbons off Cyprus
Italian energy firm Eni and Korea Gas Corp (KOGAS) found no exploitable hydrocarbons off Cyprus, the second time energy companies have drawn blanks in recent months in what was otherwise considered a promising region.
read more... 27/03/2015
Energy companies BG and Woodside will invest $1.1 billion in four Myanmar blocks
Britain's BG Group and Australia's Woodside Petroleum Ltd will make an investment of about $1.08 billion to explore for oil and gas in four blocks off the coast of Myanmar's western Rakhine state, as declared by a senior Energy Ministry official on Sunday.
read more... 23/03/2015
EIB backs energy interconnection project between Armenia and Georgia
European Investment Bank (EIB) will give €10 million in loan for funding the building of an electricity transmission connection and a high voltage direct current station linking Armenia and Georgia.
read more... 20/03/2015
Daily: Crude oil prices tumble on strengthening dollar, build in U.S. crude inventories
Crude oil prices eased on Thursday, capped by strengthening dollar and a build in U.S. crude stockpiles at the delivery point for the U.S. crude contract. Brent declined 46 cents, or nearly 1 percent, to close at $57.08. WTI crude dropped $1.12, or 2.3 percent, to settle at $47.05 a barrel. Brent's premium to U.S. crude extended by more than $1 to above $10 a barrel on Thursday, touching a near one-week high.
read more... 13/03/2015
Czech Republic against carbon market reform before 2021
The Czech Republic opposes to hastening reform of the EU Emissions Trading System (ETS), but would sustain putting additional allowances into a reserve the European Commission has suggested as a possibility of consolidating the price of carbon allowances.
read more... 05/03/2015