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BP and Rosneft to create a joint venture to explore resources in Eastern and Western Siberia
British energy company BP and Russian giant Rosneft announced the creation of a new joint venture, Yermak Neftegaz LLC, to carry out exploration in the West Siberian and Yenisey-Khatanga basins in the Russian Federation.
read more... 02/11/2016
Daily: British spot gas prices increase on falling temperatures
Crude oil prices closed lower on Tuesday, then declined again after hours as the American Petroleum Institute (API) reported that U.S. crude inventory swelled nine times than forecasted. U.S. West Texas Intermediate (WTI) crude lost 19 cents to settle at $46.67. During the session, it fell as low as $46.20, its lowest level since September 28. After the API report, it tumbled to $46.27. Brent crude reached a one-month low at $47.72 before ending down 47 cents at $48.14. In post-settlement trade, it declined to $47.86.
read more... 02/11/2016
Poland hurries Norway gas connection plans after EU
Poland will quicken plans to construct a gas link to Norway in reply to the EU decision last week to lift a cap on Gazprom's consumption of the Opal pipeline in Germany, a Polish government representative declared, calling the move a political one.
read more... 02/11/2016
Qatar's Nebras wants to purchase Engie's stake in Indonesia's Paiton
Qatar's Nebras Power intends to buy a 35.5 percent stake held by French utility Engie in Indonesia's biggest independent electricity producer PT Paiton Energy by the end of 2016, as stated by the CEO of Nebras on Monday.
read more... 02/11/2016
EDF defers production restart at two nuclear reactors
French state-run utility EDF has delayed the planned restart of two nuclear reactors, French grid operator RTE announced on its website on Monday.
read more... 01/11/2016