Latest news
Iberdrola to invest more abroad and less in Spain
Spanish Iberdrola, the world’s major wind power generator, has expressed its disapproval regarding the latest energy market reform announced by the Spanish government, declaring that the changes in the energy policy will discourage important investment. The company’s net earnings reduced 7% in 2013, as a result of Spanish regulatory modifications and fiscal measures.
read more... 20/02/2014
France: CRE is looking for measures to reduce tensions on French gas market
French energy regulator CRE launched this week a public consultation with industrial players envisaging temporary measures and solutions aiming to curb the wholesale gas price gap between the north and the south of France, before the establishment of a unified market in 2018.
read more... 20/02/2014
Daily: WTI crude rallies at four-month high on robust winter demand
Brent crude traded above $110 a barrel on Wednesday, destabilized by internal conflict in South Sudan and oil supply disruption in Libya, while protests in Venezuela raised concerns. Meanwhile, U.S. light crude hit its highest level in four months as stockpiles are expected to decline on winter demand and new pipeline capacity.
read more... 20/02/2014
Statoil to develop Norwegian oil field
Statoil has announced that together with its partners they have agreed on a concept for the expansion of the Johan Sverdrup field, one of the five biggest discoveries ever made offshore Norway, estimating a first phase investment of up to NOK120bn ($19.6bn).
read more... 20/02/2014
Eni has made an important oil and gas discovery in Congo
Italian oil and gas company Eni has made an important oil and gas discovery in the Marine XII block located about 17 km offshore Congo, at the Nene Marine 3 well. According to the company, the field where the well is sited might contain about 1.2 billion barrels of oil and 30 billion cubic metres of gas in place.
read more... 19/02/2014