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Daily: Brent crude oil drops by about $1 on Libyan ports reopening
Brent crude oil dropped by about $1 to its weakest level in almost five months on Wednesday, dragging down U.S. crude with it, as Libyan government declared that they could reach to a deal with rebels to reopen the ports after months of closures. Brent crude oil closed 83 cents lower at $104.79 a barrel after declining to $103.95, its lowest point since November 8.
read more... 03/04/2014
GDF Suez to expand its wind portfolio in the UK
French power group GDF Suez has acquired the UK-based wind energy developer West Coast Energy (WCE), strengthening its commitment to expand its wind portfolio in the UK, as well as in Europe.
read more... 31/03/2014
Turkey: $1.7 billion loan deal negotiated between DenizBank and Socar
Turkey’s DenizBank lender, owned by Russia, is in negotiations with Azeri state-owned oil firm SOCAR over a loan package for investments of about $1.7 billion, as stated on Friday by Hakan Ates, DenizBank Chief Executive Officer.
read more... 24/03/2014
Eni’s, Repsol’s Venezuela offshore gas project to launch production by the end of 2014
The offshore natural gas project developed by Italy's Eni and Spain's Repsol in the Gulf of Venezuela jointly with state-owned Venezuelan oil group PDVSA is likely to generate its first production at the end of this year, as stated by Paolo Scaroni, Eni's CEO, on Tuesday.
read more... 05/03/2014
Daily: Crude oil drops by about 2 pct as the threat of war in Ukraine receded
Crude oil dropped by about 2 percent on Tuesday after the Russian President Vladimir Putin said it is not seeking to escalate the conflict in Ukraine's Crimea peninsula, fading concerns of an eventual oil supply disruption from Russia.
read more... 05/03/2014