Latest news
BG in negotiations to bring in gas to Egypt from Cyprus
BG Egypt, a division of global energy firm BG held negotiations on Tuesday to import natural gas from Cyprus, as stated by the company on Wednesday.
read more... 23/10/2014
Shell discovers gas fields in offshore Gabon
Oil major Royal Dutch Shell declared it discovered a gas field under a layer of salt in deep water off the coast of Gabon, in a finding which could corroborate the explorer expectations that elements of West Africa's geology are analogous to Brazil's.
read more... 23/10/2014
Daily: European spot power prices rally on forecasts for a sharp fall in German wind power output
Crude oil prices dropped considerably on Wednesday, with U.S. crude nearing $80 a barrel after data showed a second sharp increase in weekly U.S. crude inventories. Brent crude for December delivery slipped $1.51 to settle at $84.71 a barrel, while WTI crude decreased by $1.97 or 2.5 percent to close at $80.52 a barrel, just above the session low of $80.28.
read more... 23/10/2014
E.ON and VNG vend their stakes in EVG to Australia’s CBA
German utility E.ON and gas company VNG AG have vended their jointly possessed regional gas grid EVG Thueringen to First State Investments, the asset management division of Commonwealth Bank of Australia (CBA), according to E.ON.
read more... 23/10/2014
Statoil finds new oil bonanza in North Sea
Norwegian oil giant Statoil unveiled on Tuesday it discovered at least 30 million barrels of oil in the Grane area in the Norwegian waters of the North Sea, being a result of a recent re-evaluation of the area.
read more... 22/10/2014