Latest news
Southern Gas Corridor will increase $1.8 billion abroad in 2017
Azeri firm Southern Gas Corridor intends to increase approximately $1.8 billion on international financial markets in 2017, as stated by Azeri Finance Minister Samir Sharifov on Wednesday.
read more... 01/12/2016
Daily: Crude oil rocketed over 10% after OPEC’s decision to cut production
Crude oil prices surged over 10 percent on Wednesday to over $50 a barrel and its highest in a month as some of the world’s biggest producers agreed to limit production for the first time since 2008 in a bid to prop up prices. Yesterday, OPEC decided to slash production from January by around 1.2 million barrels per day (bpd), or over 3 percent, to 32.5 million bpd. U.S. West Texas Intermediate crude futures for January delivery rose by $4.21 to close at $49.44 a barrel, posting a 9.6 percent gain. They earlier rallied 10 percent, the largest one-day hike since February. Brent crude futures for January delivery climbed $4.09 a barrel or 8.82 percent to end at $50.47 a barrel. The contract expires Wednesday, and the February contract soared 8.9 percent to $51.51.
read more... 01/12/2016
Centrica decided to vend Trinidad and Tobago gas assets to Shell
British utility Centrica declared on Wednesday it has settled to vend its gas assets in Trindad and Tobago for $30 million to Royal Dutch Shell.
read more... 01/12/2016
Amazon wishes to transform Italy power stations into data centres
Amazon is in negotiations with utility Enel over the conversion of old electricity stations in north and central Italy into data centres since it tries to extend its profitable cloud services business in the country.
read more... 01/12/2016
First power generated from the largest tidal power project in the world - MeyGen
First power was generated from a 1.5 MW turbine in the MeyGen tidal power project in Scotland.
read more... 30/11/2016