Latest news
Petrofac extends Nord Sea contract with Marathon
Petrofac, a British provider of integrated facilities services to the oil, gas and energy production and processing industries, said its Offshore Engineering & Operations, or OE&O, business has been awarded a contract renewal by Marathon Oil, a United States-based oil and natural gas exploration and production company.
read more... 13/07/2011
Daily Energy Market Overview, Wednesday, July 13, 2011
Oil prices ended higher on Tuesday, with ICE Brent crude for August delivery having recovered from two consecutive days of losses, ending at $117.75 a barrel, up 0.44%, as the dollar dipped against a basket of currencies, but gains were limited on persisting concerns over the euro zone debt crisis. U.S. crude oil futures ended 2.4% higher on Tuesday ahead of inventory reports likely to indicate that domestic crude stocks dropped last week. On the New York Mercantile Exchange crude for August delivery settled at $97.43 a barrel.
read more... 13/07/2011
France envisages a further growth in its offshore wind energy
TThe French government has launched on Monday the first round of a €10 billion offshore wind energy tender seeking developers to build projects off the country's coastlines. The project is aimed to increase the country’s share of renewable energy and to reduce its dependence on nuclear power, following the recent considerations of the French government to phase out its nuclear plants by 2040.
read more... 13/07/2011
UK publishes a new electricity market reform
Yesterday, the U.K. government released its long-awaited Energy Market Reform White Paper which will decide the future of the energy industry for the next 20 years.
read more... 13/07/2011
Daily energy market overview, Tuesday, July 12, 2011
Oil prices sharply dropped on Tuesday on renewed concerns over the outlook for the global economy following concerns that politicians could not stop the debt crisis in Europe from widening to Italy and Spain.
read more... 12/07/2011