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Qatar will fuse LNG producers Qatargas and RasGas
Qatar will fuse state-controlled liquefied natural gas producers Qatargas and RasGas Co Ltd, the chief executive of Qatar Petroleum (QP) declared on Sunday, in the Gulf state's recent reaction to lower energy prices.
read more... 12/12/2016
The European Commission approves Belgian offshore renewables support scheme
The European Commission authorized on Thursday Belgium's plans to support electricity generation from offshore renewable energy, stating that they comply with EU state aid rules.
read more... 09/12/2016
Gazprom signs a contract on the building of the first line of the Turkish Stream pipeline
South Stream Transport B.V., a subsidiary of Gazprom signed a contract with Switzerland's Allseas Group S.A. to build the first stage of the Turkish Stream pipeline, stated Gazprom.
read more... 09/12/2016
National Grid to sell 61% of its gas distribution business for £13.8bn
UK’s National Grid has agreed to sell a majority stake in its gas distribution business (NGGD) to a group of investors including Chinese and Qatari sovereign wealth funds in a deal valuing the business at about £13.8bn ($17.4bn), including debt.
read more... 09/12/2016
Daily: Oil breaks the $50 threshold on hopes for non-OPEC output reduction
Crude oil prices recovered from the week’s low to end above $50 a barrel on Thursday, on hopes that non-OPEC producers might agree to slash output after the cartel agreement to curb production. Brent gained 89 cents, or 1.7 percent, to settle at $53.89 a barrel. WTI light crude climbed $1.07, or 2.2 percent, to end at $50.84 a barrel. Both Brent and U.S. benchmarks soared after the former secretary general of the OPEC made comments supportive of non-member production cuts.
read more... 09/12/2016