Latest news
Amec Foster Wheeler will vend GPG division, halve net debt in 15 months
British oil and gas services firm Amec Foster Wheeler Plc declared it would sell its Global Power Group division since it exits several of its non-core assets and halve its net debt in the next 15 months.
read more... 11/03/2016
Nareva-run consortium wins $1.2 billion wind power contract in Morocco
A conglomerate managed by Moroccan energy company Nareva Holding has won a 12 billion-dirham ($1.22 billion) agreement to construct five wind farms across the country, with a total capacity of 850 megawatts, Nareva delcared on Thursday.
read more... 11/03/2016
Russia's Novatek will inaugurate first Yamal LNG train with no extra financing
Russia's Novatek intends to inaugurate its first train with 5.5 million tonnes of yearly LNG capacity in Yamal in 2017, and this will involve no extra financing, as stated on Thursday by Stanislav Shevkunov, a department manager at Novatek.
read more... 11/03/2016
Hungarian power exchange starts intraday market trading
Hungarian Power Exchange HUPX has started intraday trading services, it said in a statement on Wednesday, adding that the new service would allow the trade of hourly blocks and intraday 15-minute products.
read more... 10/03/2016
Daily: Crude oil ends at the highest level in more than a month
Oil prices closed up at the highest level in more than a month on Wednesday, helping to spur world stock markets, while euro remained flat ahead of this week's European Central Bank meeting. Brent crude jumped $1.42 to settle at $41.07 a barrel, up more than 40 percent from its January lows, while U.S. crude WTI rose $1.79 to close at $38.29.
read more... 10/03/2016