Latest news
Noble ready to declare Cyprus natural gas discovery viable
Noble Energy is likely to pronounce its Aphrodite natural gas reserve off Cyprus commercially feasible within weeks, paving the way for exports, as stated by Cyprus's energy minister on Tuesday.
read more... 18/03/2015
Germany: EnBW will cut more costs, since energy supply safety at risk
EnBW, Germany's third-largest utility, will slash costs further in response to low wholesale prices and writedowns on plants, anticipating the crisis in the energy sector to diminish profits by about 5 percent this year.
read more... 18/03/2015
Cyprus, Ireland and Portugal distribute free 2015 carbon permits
Cyprus, Ireland and Portugal have by now distributed a total of approximately 13.82 million free European Union carbon permits to industry to cover their 2015 emissions, as shown by European Commission data on Tuesday.
read more... 18/03/2015
Daily: European spot power prices diverge with German prices up, French down
Crude oil prices tumbled again in post-settlement trade on Tuesday after a 3-day consecutive loss, as Industry group American Petroleum Institute (API) reported a considerable increase in U.S. crude stocks ahead of official data. Benchmark Brent oil had earlier ended up for the session, spurred by a weaker dollar and short-covering, while U.S. crude settled down on bets that inventories hit record highs for a 10th consecutive week. Brent crude for May delivery settled the session at $53.51, up 7 cents from Monday. WTI decreased to as low as $42.61 a barrel post-settlement, down $1.27. It had closed the session 42 cents lower at $43.46.
read more... 18/03/2015
RWE purchases minority stake in Conergy
Germany's second-largest utility RWE has purchased a minority stake in solar conglomerate Conergy, aiming to develop its position in the embattled solar industry after having missed the tendency for years.
read more... 17/03/2015