Latest news
Ineos purchases a stake of 80% in second UK shale gas site
Swiss-based chemicals corporation Ineos has purchased a stake of 80 percent in a shale gas license in Scotland, its second such license in the country, as stated by Ineos on Monday.
read more... 14/10/2014
Serbia: investment of 400 million euros on power grid upgrade
Serbia's grid operator EMS intends to invest 400 million euros ($507.5 million) over the next six years to improve its old electricity network and construct new connections to nations in the European Union, an EMS representative declared on Monday.
read more... 14/10/2014
Scotland approves four offshore wind farms
The Scottish government has authorized the construction of four offshore wind farms to which would be able to produce enough electricity to power over 1.4 million households.
read more... 13/10/2014
Daily: Worldwide oil recovers from a 4-year low on the end-of-week short covering
Worldwide crude oil prices recovered on Friday, after plunging to the weakest level in about four years earlier in the day, as the end-of-week short-covering stagnated a near four-month rout. Brent crude for November delivery rose 16 cents to settle at $90.21 a barrel after earlier slipping to $88.11, the lowest level since December 2010. U.S. November crude increased by just 5 cents to close at $85.82 a barrel. The contract earlier reached a session low of $83.59, its weakest since July 2012.
read more... 13/10/2014
Statoil: Shah Deniz stake sold for $2.25 billion to Petronas
Norway's Statoil has vended a stake of 15% in the Azeri gas project Shah Deniz to Malaysia's Petronas for $2.25 billion, the newest asset the company is vending to guard its cash flow and profits to shareholders.
read more... 13/10/2014