The European consortium formed by Snam (60%), Enagás (20%) and Fluxys (20%) today completed the acquisition of a 66% stake in DESFA, the operator of Greek natural gas transport network, to the Assets Development Fund of the Republic Hellenic (HRADF) and Hellenic Petroleum, for an amount of €535 million.
read more... 20/12/2018
Swedish state-owned utility Vattenfall AB today said it has taken the final investment decision (FID) to build the 604.8-MW Kriegers Flak offshore wind farm in Danish waters.
read more... 20/12/2018
Oil prices recovered on Wednesday, as demand for refined products strengthened. Consequently, Brent crude soared by 1.7% to $57.24 a barrel. Moreover, the strike on the Libya’s El-Sharara oilfield supported WTI crude, which traded 4.2% higher at $48.17 a barrel.
read more... 20/12/2018
Oil prices reached 14-month lows on Tuesday in a heavy session, as higher crude stocks and concerns over global demand continued to put pressure on contracts. Accordingly, Brent crude shed by 5.6% to $56.26 a barrel, while WTI crude closed 7.3% lower at $46.24 a barrel.
read more... 19/12/2018
Oil prices decreased on Monday steeper than expected on worries that production cuts may not balance the market with decreased fuel demand. Accordingly, Brent crude was 1.1% down at $59.61 a barrel. Rising crude stocks also weighed down on the prices, with WTI crude falling 2.6% to $49.88 a barrel, its lowest since September 2017.
read more... 18/12/2018