Latest news
Daily (04.07.2017): British prompt gas prices rose by almost 6% on Monday
Oil prices increased on Monday, resuming its longest trend of daily gains in more than 5 years after data pointed to falling U.S. output. Even though some analysts consider that rising OPEC production could cap gains and reverse the tendency to bearish in the nearest future. Brent crude soared by almost 3.7% to end at $49.68 a barrel, while the WTI price jumped by 2.24% to settle at $47.07 a barrel.
read more... 04/07/2017
EU approves takeover of DONG’s oil and gas business by INEOS
The European Commission has favored UK petrochemical giant INEOS’ buyout of DONG’s oil and gas business, decision which followed the Danish firm’s agreement to sell its oil and gas exploration and production unit for $1.05 billion.
read more... 04/07/2017
Europe invests in Baltic green fund
The European Investment Bank (EIB) has pledged to invest €20 million in the BaltCap Infrastructure Fund of €100 million.
read more... 04/07/2017
Swedish Vattenfall is authorized to build a 170-megawatt wind farm
Scottish government approved the construction of a 170-megawatt wind farm in southwest Scotland, Vattenfall declared on Monday. Now the company has the possibility to accelerate discussions with local communities – the East Ayrshire and North Galloway - about acquiring a 5% share in the project.
read more... 04/07/2017
Norway government wins court appeal over lowered gas pipeline tariffs
A lawsuit brought by Solveig Gas, Silex Gas, Njord Gas Infrastructure and Infragas against the Norwegian government was ruled in favour of the government. The plaintiffs argued that Norway’s cut in gas pipeline tariff would cost them 15 billion Norwegian crowns ($1.8 billion) in lost earnings through 2028, which was illegal.
read more... 03/07/2017