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French gas prices will increase by 2.76 % on July 1, according to regulator
GrDF, the distribution division of French gas firm Engie will increase its prices by 2.76 percent on July 1, below its requested raise of 11.4 percent, as stated by the French energy regulator CRE on Monday.
read more... 23/02/2016
Spain’s Repsol unveils a significant gas discovery in Bolivia
Spain's Repsol has unveiled a discovery of 4 trillion cubic feet (tcf) of possible natural gas reserves in Bolivia that it will start drilling in 2019.
read more... 22/02/2016
Nordic power bourse likely to expand in Europe
Nordic power exchange Nord Pool is likely to expand spot electricity trading to Germany, France and Belgium next year, to compete with French-German EPEX Spot, as stated by its chief executive.
read more... 22/02/2016
Rosneft inks an accord with PDVSA to produce gas in Venezuela
Russia's major oil producer Rosneft and Venezuela's state oil firm PDVSA inked a deal to establish a joint venture to develop natural gas in the South American country, as stated by Rosneft on Saturday.
read more... 22/02/2016
Daily: Crude oil down 4%, with Brent declining for a third consecutive week
Crude oil prices declined 4 percent on Friday, with Brent falling for a third consecutive week, as a record high in U.S. crude inventories aggravated worries that a plan to freeze output will have a low contribution in reducing massive oil supplies. A decrease in the U.S. equity market also weighed on crude. Brent crude lost $1.27, or 3.7 percent, to settle at $33.01 a barrel. U.S. crude fell $1.13, also ending 3.7 percent lower at $29.64.
read more... 22/02/2016