Latest news
Total has made an oil discovery in the Black Sea offshore Bulgaria
French oil company Total has announced it has made an oil discovery in the Khan Asparuh license, situated in the Black Sea offshore Bulgaria. The volumes of oil have not yet been made public.
read more... 31/10/2016
Daily: Oil drops by 2% to settle at $48.70 on Friday, the biggest weekly loss since mid-September
Oil
Oil prices reduced on Friday on uncertainties about OPEC's planned production cut. Experts of Organization of the Petroleum Exporting Countries and counterparts from non-member producers such as Russia initiated two-day negotiations on Friday on curbing output to reduce a global glut that has influenced the markets for two years.
read more... 31/10/2016
Slovak nuclear plant cost likely to increase to 5.4 billion euros
The potential cost of Slovakia's nuclear power plant at Mochovce has increased to 5.4 billion euros ($5.9 billion), as stated by a government source, or double the initial prediction.
read more... 28/10/2016
SocGen will stop funding coal-fired electricity plants from January
Societe Generale will stop financing coal-powered power plants from January and enhance its support for green energy projects,as stated by the French bank on Thursday.
read more... 28/10/2016
France: Gas consumption at 461 TWh in 2015, seen declining in coming years
French gas consumption attained 461 terrawatt hour (TWh) in 2015, but is likely to reduce in coming years because of the improved energy efficiency policies, network operators declared in the first of a multi-year gas consumption report.
read more... 28/10/2016