Latest news
Britain's BG Group pays for 35% stake in Cyprus gas field
Britain's BG Group has decided to pay U.S. firm Noble Energy $165 million for a 35 percent stake in a conglomerate with rights over a natural gas field in the eastern Mediterranean, as stated by Noble on Monday.
read more... 24/11/2015
CFO: Npower could be sold by its parent RWE, blaming customer loss
German utility company RWE envisages selling its British business Npower, as billing glitches triggered an exodus of customers, declared Bernhard Guenther, its chief financial officer (CFO).
read more... 23/11/2015
Norway: Grid operator orders temporary reduction in electricity consumption in Oslo
Norwegian grid operator Statnett on Friday ordered a provisional cut of electricity consumption by industries in Oslo from Sunday to avoid a power outage after a blackout that affected parts of the capital on Wednesday.
read more... 23/11/2015
Russia: Yamal LNG places bonds valued at $2.3 billion as collateral for state funds
Russia's Yamal LNG project, which is run by second gas producer Novatek, declared on Friday it will place bonds estimated at $2.3 billion with the finance ministry on Monday as collateral for funds it has obtained from the government.
read more... 23/11/2015
Daily: European prompt power prices soar on cold spell forecasts
Brent oil edged 1% higher on Friday on short-covering before weekend, while WTI crude declined, but just above the $40-per-barrel threshold, struggling to defend after a hike in stockpiles. Brent futures rose 48 cents to close at $44.66 a barrel. It boosted to as high as $45.50 during its late rally. U.S. crude's WTI for December delivery expired on Friday down 15 cents at $40.39 after attaining a low of $38.99, the weakest since August 27. WTI for January delivery ended 18 cents higher at $41.90.
read more... 23/11/2015