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Daily: Brent and U.S. crude end lower on concerns about Greek debt, U.S. budget
Brent and U.S. crude oil futures declined on Monday on worries about efforts to deal with Greek debt and U.S. budget which countered any supportive impact from fears about potential Middle East oil supply disruptions.
read more... 27/11/2012
Daily: UK wholesale gas prices drop on warmer weather, healthy supplies
Brent and U.S. crude futures increased on Monday, backed by supply concerns amid escalating violence in the Middle East and optimism that U.S. officials will reach a deal to avoid the budget crisis.
read more... 20/11/2012
TNK-BP to be involved in $31 bln long-term gas deals
The shareholders of two generating companies controlled by billionaire Viktor Vekselberg's Integrated Energy Systems Holding (IES) - Volga TGK and TGK-9 are envisaging signing contracts in December with TNK-BP's SL Trading for gas supplies worth up to $31 billion in the period to 2030, according to statements from the power companies.
read more... 13/11/2012
BP in talks with Rosneft over a £ 17 billion deal
British oil company BP confirmed that it is in advanced talks about selling its stake in TNK-BP to Rosneft, Russia’s state-controlled oil company. The deal has yet to be approved, even if BP confirmed that it was in “advanced discussions” with Rosneft concerning the sale of its 50 % stake in TNK-BP.
read more... 22/10/2012
Electricity Interconnector cable to link Ireland and UK
The first electricity link between Ireland and UK has been officially opened and the deal between the two nations will become effective at the start of next month, enabling thus the UK to benefit from Ireland’s wind resources.
read more... 27/09/2012