Latest news
Russia aims to attract $28 billion investment in power plant upgrades
Russia’s government approved a 10-year modernization program for Russian power plants, expected to attract $28.8 billion (1.9 trillion Russian rubles) in private investments in the sector, Energy Minister Alexander Novak said.
read more... 28/01/2019
Daily (25.01.2019): Energy markets seen in a bearish trend on Thursday
Thursday saw a mixed evolution in oil prices. Continuous concerns over global economic slowdown and the unexpected rise in U.S. crude inventories weighed slightly on Brent spot, which ended down at $61.09 a barrel. However, WTI futures rose by 1% to $53.13 a barrel, supported by OPEC-led output cuts and U.S. threats to impose sanctions on OPEC member Venezuela.
read more... 25/01/2019
France & Spain Regulators Reject €3 Billion STEP Gas Pipeline
The energy regulators for France and Spain announced last week that they had rejected the controversial Franco-Spanish South Transit East Pyrenees (STEP) natural gas pipeline, the first stage in the larger Midi-Catalonia (MidCat) gas pipeline, citing costs and that it was not necessary.
read more... 25/01/2019
KOG unveils drilling plans for Horse Hill and other UK onshore assets
UK Oil & Gas (UKOG) has unveiled its plans to drill up to nine production, appraisal and exploration wells during 2019 and 2020 across its assets, located onshore UK, including the Horse Hill field, which it aims to bring into permanent production.
read more... 25/01/2019
EBRD arranges €150M loan for Ukraine's largest wind farm
The European Bank for Reconstruction and Development (EBRD) announced Thursday a syndicated loan of €150 million for the construction of a 250-megawatt wind farm in Ukraine, which will be the country's largest of its kind.
read more... 25/01/2019