Latest news
French Total to quit Shtokman gas project
French oil giant Total is envisaging selling its 25 percent stake in the Shtokman Development AG to Russian energy major Gazprom, becoming the last partner to exit from the gas project in the Barents Sea.
read more... 24/09/2013
Vestas to build a 20 MW wind facility in northern France
Danish wind group Vestas has won 20MW turbine order from France-based green energy developer Eole-Res SA, a subsidiary of UK-based Renewable Energy Systems Ltd (RES). This order represents Vestas’ 15th from Eole-Res.
read more... 23/09/2013
Centrica cancels two £1.5bn gas storage plants on weak British economy
Centrica, the owner of British Gas, unveiled that it intends to shelve two huge gas projects, representing a major blow for Britain’s energy security plans.
read more... 23/09/2013
Hollande mulls a carbon tax in France
France urges the European Union members to agree a more stringent target to reduce greenhouse gas emissions and said that the EU-28 should consider implementing an EU-wide carbon tax.
read more... 23/09/2013
Daily: Brent crude climbs, while U.S. oil declines on heavy spread trading
Brent crude oil climbed on Friday, while U.S. crude dropped as traders took profits on the spread between two contracts. Brent crude for November delivery traded 46 cents higher to settle at $109.22, while U.S. crude for October, which expired on Friday, declined $1.72 to close at $104.67. The spread between the October and November contracts narrowed nearly 70 cents on the day, ending with the November contract maintaining a 15 cent premium to the nearby month.
read more... 23/09/2013