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Myanmar Oil gas blocks to be explored by Shell, Statoil, Total and others
The most important international oil companies, such as Statoil, Conoco Phillips, Royal Dutch Shell and Total, have been awarded with the rights to perform explorations for oil and gas off Myanmar, as stated by the Ministry of Energy in the Southeast Asian country.
read more... 27/03/2014
Romania: limits on green energy allowances to support huge industrial companies
Romania's government limited the quantity of renewable energy that big industrial users should purchase this year with the aim to aid compensate their high energy costs and hold off the risk of job reductions before elections later this year.
read more... 27/03/2014
Daily: Brent crude steady on supply disruptions in Nigeria and Libya
Brent crude held steady on Wednesday, because of supply disruptions in Nigeria and Libya and tensions over annexation of Crimea to Russia, while U.S. crude increased by more than $1 per barrel due to an eighth straight weekly draw in oil stocks at the contract's delivery point in Cushing, Oklahoma.
read more... 27/03/2014
Partnership agreements between French and Chinese energy firms
Several deals were signed by China and France in the energy sector on Wednesday during the high-status visit of the President Xi Jinping who has plans to develop closer business relations between the countries.
read more... 27/03/2014
SSE to carry out a “legal separation” of its retail and wholesale divisions to improve transparency
The British utility SSE, which is part of “big six”, decided to separate its wholesale and retail divisions in an effort to simplify its business and to freeze household gas and electricity prices until January 2016 amid intense political pressure over increasing household bills at a time when real-term wages are shrinking and public outcry over energy company profits.
read more... 26/03/2014