Latest news
Gazprom intends to make contract adjustments so as to keep European customers
Russia’s major natural gas producer Gazprom plans to make modifications to contracts so as to preserve its European clients in spite of western sanctions on Russia over Ukraine, as stated in the newspaper Vedomosti on Monday.
read more... 18/03/2014
Daily: European power prices pulled down by technical selling in the carbon market
Brent crude oil futures declined by more than $2 per barrel on Monday, close to reach six-weeks lows, as strong global supplies offset worries over perpetual tensions between Russia and the West powers concerning Crimea’s fate. The European benchmark closed $1.97 lower at $106.24 per barrel, after hitting an intra-session low of $106.16, the weakest level since February 6. Meanwhile, U.S. crude futures eased by as much as $1.52 to touch a session low of $97.37 per barrel before ending 81 cents down at $98.08 per barrel.
read more... 18/03/2014
Berlin and Brussels close to agreement on green energy rebates
A broad agreement has been reached between the European Commission and German government over the country’s contested rebates to industry from green energy surtaxes, as stated on Monday by sources from German industry and government.
read more... 18/03/2014
TOTAL: 2012 North Sea gas leak might be subject to legal proceedings
British authorities are expected to initiate legal action against Total energy group over a significant gas leak at a North Sea oil rig in 2012, according to the declaration of the French company on Sunday.
read more... 17/03/2014
Dong Energy: wind capacity to be increased to 312MW at Riffgrund
Dong Energy decided to increase the total capacity of its turbines from 277 MW to 312 MW at the Borkum Riffgrund 1 offshore wind farm. The turbines are likely to be upgraded from 3.6 MW to 4 MW.
read more... 17/03/2014