Latest news
TNK-BP to be involved in $31 bln long-term gas deals
The shareholders of two generating companies controlled by billionaire Viktor Vekselberg's Integrated Energy Systems Holding (IES) - Volga TGK and TGK-9 are envisaging signing contracts in December with TNK-BP's SL Trading for gas supplies worth up to $31 billion in the period to 2030, according to statements from the power companies.
read more... 13/11/2012
China: Oil demand to rise as the economic growth picks up
In the fourth quarter China’s demand for oil is likely to increase significantly in comparison to the last two years, as the second-biggest crude consumer in the world is showing signs that the country’s economic growth begins to pick up.
read more... 12/11/2012
Daily: French power spot declines on milder weather forecast
Brent and U.S. crude oil futures climbed on Friday on data showing a rise in consumer sentiment in the United States and firmer U.S. gasoline futures which helped crude oil to recover from session lows. Meanwhile, Brent December crude futures climbed $2.15, or 2 percent, to settle at $109.40 a barrel, having traded from $106.25 to $109.78, posting a weekly increase of $3.72, or 3.5 percent, ending a string of three straight weekly declines. U.S. crude futures jumped 98 cents, or 1.15 percent, to settle at $86.07 a barrel, having traded from $84.13 to $86.77, posting a weekly increase of $1.21, or 1.4 percent, snapping a string of three weekly declines.
read more... 12/11/2012
Scottish Government launched the” Warm Homes Fund”
The Scottish Government has launched a £50 million fund that will invest in green energy schemes having the objective to help heat homes across Scotland. According to some experts, even if it does not solve all of the country’s energy problems, this should help to drive the energy sector in the right direction.
read more... 12/11/2012
Repsol strikes gas in Algeria
The Spanish energy giant, Repsol has recently made a gas discovery in the Illizi basin, in the south east of Algeria, marking its first gas discovery in this side of the country.
read more... 12/11/2012