Latest news
Spain’s Repsol unveils a significant hydrocarbon discovery in West Siberia
Spanish oil major Repsol unveiled it made two new hydrocarbon discoveries in relatively unexplored side of West Siberia. If combined, the two discoveries represent Russia’s largest hydrocarbon find for two years.
read more... 24/06/2014
Seven EU countries urge European Commission to set a 2030 energy efficiency target
Seven countries of the European Union, including Belgium, Denmark, Germany, Greece, Ireland, Luxembourg and Portugal, are urging the European Commission to propose an ambitious 2030 target for energy efficiency in its review of the progress towards the 2020 energy efficiency target.
read more... 23/06/2014
Daily: WTI crude oil rallies at the nine-month high on short-covering
U.S. crude oil rallied above $107 a barrel on Friday, hitting a new nine-month high on short-covering ahead of the July contract expiry, while Brent retreated on profit-taking as worries attenuated over supply disruptions in Iraq.
read more... 23/06/2014
French government blesses the General Electric’s bid for Alstom
French government has finally reached an agreement to buy a 20-percent stake in engineering giant Alstom from construction firm Bouygues on Sunday, meeting a condition established by Paris to support a General Electric (GE) deal to purchase Alstom’s energy business for 12.35 billion euros.
read more... 23/06/2014
France to raise electricity prices by about 5%
The French government intends to increase regulated power tariffs by approximately 5 percent in the autumn, as stated by Prime Minister Manuel Valls on Friday.
read more... 23/06/2014