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Fluxys abandons plans to acquire a 17% stake in Greek gas grid operator DESFA
Belgium’s Fluxys has given up plans to purchase a stake in Greece’s natural gas grid operator DESFA from Azeri company, SOCAR.
read more... 04/04/2016
Daily: Crude oil prices plunges 4 %, dragged down by Saudi Arabia intransigence
Crude oil prices fell about 4 percent on Friday, after a Saudi prince declared that the kingdom will not freeze output without Iran and other major producers and figures shown the global crude oversupply was expected to increase. Brent crude for June delivery declined $1.68, or 4.1 percent, to settle at $38.67 a barrel. It lost 3 percent for the week. U.S. crude's front-month fell $1.55, or 4 percent, to close at $36.79. It tumbled 7 percent on the week.
read more... 04/04/2016
UK to become leader in North Sea crude and gas projects by 2025
UK is likely to lead the new crude and natural gas projects in the North Sea region by 2025, as unveiled a report from Globaldata.
read more... 01/04/2016
ABB obtains $250 million order to connect offshore wind farm to UK grid
Swiss technology conglomerate ABB has obtained an order valued at more than $250 million from Danish energy firm DONG Energy to supply a high-voltage cable system linking the Hornsea Project One offshore wind farm in the North Sea to Britain's continental grid, as it stated on Thursday.
read more... 01/04/2016
Daily: Oil prices register the best quarter since mid 2015, up over 10%
Crude oil prices boosted over 10% in March, the best quarter since mid-2015. Some analysts said that the hike could vanish soon as an output freeze plan by major crude exporters will fail to ease worries of an oversupply. A weak dollar and figures showing a drawdown in crude inventories at the U.S. futures delivery hub helped oil settle steady to firmer in Thursday's session. Brent crude for May delivery, which expired as the front-month contract, rose 34 cents, or 0.8 percent, to close at $39.60 a barrel. Brent crude for June delivery boosted 0.7 percent to settle at $40.33. U.S. crude futures WTI settled at $38.34, up 2 cents on the day, increasing 14 percent in March and 4 percent in the quarter, its largest quarterly gain since June 2015.
read more... 01/04/2016