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EEX and Kazach bourse sign an accord to support new carbon market

The European Energy Exchange (EEX) inked an accord with Kazakh exchange Caspi JSC to offer support and technology for exchange-based trading of carbon permits, sustaining the new emissions market of Kazakhstan, according to EEX.

read more... 28/05/2014

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ICE Endex: German power contracts will be launched next month

German power futures and options contracts will be launched on the European energy exchange ICE Endex on June 10, as stated by the parent company Intercontinental Exchange Group on Tuesday.

read more... 28/05/2014

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Daily: Brent and U.S. crude oil decline due to Ukraine, Libya supply worries

Brent crude oil traded slightly over $110 a barrel on Tuesday amid supply disruption worries as Ukrainian forces confronted separatists in Donetsk for a second day and since oil output in Libya was cut to 160,000 barrels per day (bpd) as a result of chaos in the country.

read more... 28/05/2014

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Norway: Statnett welcomes UK power connection rule suggestions

Suggested UK regulations on running power links to Europe have raised the chances of setting up the first power connection between Britain and Norway, according to the statement made on Monday by Norwegian power grid company Statnett.

read more... 27/05/2014

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A conglomerate run by BP awards a contract of $375 million for Shah Deniz gas project

A conglomerate run by BP and the South Caucasus Pipeline Company has awarded a contract for pipeline construction estimated at $735 million to a consortium of companies to facilitate the expansion of the Shah Deniz II gas project in Azerbaijan which gives Europe a possibility to diminish dependence on Russian gas.

read more... 27/05/2014

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