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Greece, Israel, Cyprus, move to build East Med gas pipeline

The governments of Greece, Israel and Cyprus have signed an agreement to build a pipeline that could supply Europe with 4 percent of its annual gas needs by the middle of the decade.

read more... 06/01/2020


Daily (26.12.2019): Crude oil prices soared in pre-Christmas trade on supply cuts commitments

Crude oil prices soared on Tuesday in thin pre-Christmas trade on Russia’s pledge to honor production cuts promised to OPEC and after U.S. President Donald Trump reiterated the conclusion of the first phase of the U.S.-China trade deal.

read more... 26/12/2019


Enercon signs exclusive 607-MW turbine option in Chile

Germany’s Enercon GmbH has signed an exclusivity agreement with Chilean power utility Colbun SA, securing an option to supply turbines for the 607-MW Horizonte onshore wind project in the Atacama Desert.

read more... 17/12/2019


Daily (12.12.2019): Brent crude down 1% on Wednesday following an unexpected increase in crude inventories

Oil futures ended lower on Wednesday after U.S. government data indicated a surprise increase in domestic supply in crude oil, as well as important gains in gasoline and distillate inventories. Brent crude for February delivery slipped by 62 cents, or around 1% to settle at $63.72 a barrel. WTI crude for January delivery declined 48 cents, or 0.8%, to close at $58.76 a barrel.

read more... 12/12/2019


BP to supply Amazon with 170MW of renewable power

Oil giant BP has signed a deal to supply Amazon Web Services (AWS) with renewable energy to power its data centres in Europe.

read more... 06/12/2019