Latest news
Russia: Rosatom to increase orders to $100 billion in 2014
Russia's state nuclear company Rosatom plans to expand its global order book to $100 billion till the end of 2014, or a 25 percent increase year-on-year, by assuring new projects in Hungary, Kazakhstan, India and Iran, as declared on Monday by CEO Sergei Kiriyenko at a reunion with Prime Minister Dmitry Medvedev.
read more... 03/06/2014
Azeri Socar could diminish its 58% stake in Tanap pipeline project
Azeri state energy firm SOCAR could diminish its stake in the multi-billion dollar Trans-Anatolian natural gas pipeline project (TANAP), intended to decrease Europe's dependence on Russian gas, according to SOCAR's president.
read more... 03/06/2014
Britain: SSE penalized for slow energy customer links
Britain's energy regulator Ofgem has inflicted a fine of 750,000 pounds ($1.25 million) on the power distribution division of utility SSE for the stagnant grid connection of approximately 200 clients in the period 2010-2013, as stated by the entity on Friday.
read more... 02/06/2014
Daily: Crude oil prices slip at month’s end, but post an increase in May on supply concerns
Brent crude dropped on Friday, but rebounded 1.2 percent over the month, supported by energy supply worries amid continuing unrest in Ukraine. Brent crude declined 56 cents to settle at $109.41 a barrel. WTI crude oil also fell on Friday as traders took profit at the end of the month. However, U.S. crude posted a 3 percent increase in May. U.S. light crude oil slipped by $1.18 to an intra-session low of $102.40 to close 87 cents lower at $102.71 a barrel.
read more... 02/06/2014
Spain: Iberdrola signed LNG contract estimated at $5.6 bln
Spanish power firm Iberdrola declared on Friday it had signed with Cheniere Energy Inc a liquefied natural gas (LNG) sale and acquisition deal estimated at $5.6 billion for a period of 20 years.
read more... 02/06/2014