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Daily: Oil strikes the lowest level since April 2009 on U.S. oil rig figures
Global oil markets resumed their decline on Friday, with Brent and U.S. crude striking lows lastly seen in April 2009 and closing down for a seventh consecutive week. Brent crude broke below $49 a barrel but settled above the $50 support level after oil services firm Baker Hughes announced the sharpest drop in 24 years in the number of U.S. oil drilling rigs. Brent crude declined 85 cents to close at $50.11 a barrel, after slipping previously to $48.90. WTI crude fell 43 cents to settle at $48.36, having touched $47.16 earlier.
read more... 12/01/2015
Egypt: Eni signs deal for new exploration block
Italian oil and gas conglomerate Eni declared on Friday it had inked a deal to operate a new exploration block in the western desert of Egypt, reinforcing its position in the country.
read more... 12/01/2015
Norway: bigger gas outages than perceived earlier after storm
Two separate Norwegian gas outages will be larger than earlier anticipated, diminishing export capacity by over a tenth, as stated by gas system operator Gassco on Sunday.
read more... 12/01/2015
London to develop the oldest electricity plant to power underground railway network
London mayor Boris Johnson on Thursday revealed plans for a development of one of the world's oldest electricity stations to aid power the capital's underground rail network.
read more... 09/01/2015
Poland considers energy sector tie-ups to enhance investment
The Polish government would want to see a consolidation of the country's energy sector so as to increase its investment potential, as stated by Treasury Minister Wlodzimierz Karpinski on Thursday.
read more... 09/01/2015