Italian gas firm Snam will spend above 5 billion euros over the next four years to improve its grid since it seeks to play a significant role in Europe's plans to make gas supplies more secure.
read more... 13/03/2015
Hungary's plan of 10 billion euro ($10.6 billion) to develop its Soviet-era Paks nuclear power plant in a transaction with Russia has encountered a hurdle in the European Commission that might force Budapest to review the terms, as stated by EU sources on Thursday.
read more... 13/03/2015
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
Royal Dutch Shell has dropped two natural gas exploration wells in eastern Ukraine after they were considered inefficient, as stated by the oil major on Thursday.
read more... 13/03/2015
Swiss petrochemicals giant INEOS has made known a deal to purchase stakes in a number of shale gas licenses across the UK.
read more... 12/03/2015