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RWE and Qatargas ink a 7.5 year deal for LNG supplies to Europe
RWE, leading European electricity and gas company and Qatargas, the world’s premier LNG company, unveiled a seven and half LNG delivery deal in Europe, declared the German utility.
read more... 04/07/2016
Daily: Crude oil advances on pre-holiday buying, weaker dollar
Oil prices hiked on Friday and Brent crude registered its biggest weekly gain since mid May, as investor’s positioned for the start of third quarter trading, while the dollar deprecation spurred prices for most commodities. Brent crude futures rose 64 cents, or 1.3 percent, to settle at $50.35 a barrel. It declined 1 percent early in the session. U.S. crude's West Texas Intermediate (WTI) futures boosted 66 cents, or 1.4 percent, to close at $48.99.
read more... 04/07/2016
Nordic Investment Bank grants funding for geothermal power plant in Iceland
Nordic Investment Bank (NIB) and electricity producer Landsvirkjun signed a USD 50 million long-term loan agreement without a guarantee of collection for the construction of the Theistareykir geothermal power plant in northeast Iceland.
read more... 01/07/2016
RWE renewables and power distribution unit to be rebranded ‘Innogy ‘
RWE has unveiled that it has “rebranded “its renewables and power distribution subsidiary Innogy following a spin-off from its conventional power unit, announced in December.
read more... 01/07/2016
UK unveils a stringent new climate goal
UK has established on Thursday a new target to slash carbon emission by 57 percent by 2032.
read more... 01/07/2016