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Daily: Oil prices plunge 5 % as investors turn their attention to talks for a potential Iran nuclear deal
Crude oil prices declined 5 percent on Friday, wiping out the previous session’s gains, since it was less probable that Yemen’s conflict will cut Middle East crude shipments and investors turned their attention to talks for a potential Iran nuclear deal that could add supply on the market. Benchmark Brent and U.S. crude oil traded most of the session in a tight range, down about 2 percent, but they dropped considerably in late trading. Brent declined by $2.78 to settle at $56.41 a barrel. WTI crude slipped $2.56 to close at $48.87.
read more... 30/03/2015
NextEnergy purchases £18 million PV plant
NextEnergy Solar Fund has inked a £17.8 million deal to acquire the 16.5MW Croydon solar plant in England.
read more... 30/03/2015
Two companies submit final offers for Montenegro electricity plant
Montenegro's power utility EPCG declared on Friday two firms had submitted final offers to construct a coal-fired unit at its Pljevlja power plant.
read more... 30/03/2015
Eni and Kogas failed to find useable hydrocarbons off Cyprus
Italian energy firm Eni and Korea Gas Corp (KOGAS) found no exploitable hydrocarbons off Cyprus, the second time energy companies have drawn blanks in recent months in what was otherwise considered a promising region.
read more... 27/03/2015
Norway and Britain to construct world’s longest subsea electricity cable
The world's longest subsea power transmission cable is to be built between Norway and Britain by 2021, as stated by Norway's Statnett on Thursday.
read more... 27/03/2015