Latest news
Azeri SOCAR declares cannot export gas to Russia because of domestic demand
Azeri state energy firm SOCAR does not intend to recommence gas supplies to Russia this year due to increasing domestic demand, as stated by a senior SOCAR representative on Thursday.
read more... 05/06/2015
Croatian power exchange agreement to increase Balkan electricity connections
Croatia's power exchange CROPEX has inked an agreement with European energy exchange Nord Pool Spot to establish a day-ahead market by the end of the year, a move that will offer the European Union's newest member access to larger electricity markets.
read more... 05/06/2015
Daily: Oil losses ground again before OPEC meeting
Crude oil prices declined almost by 3 percent for a second consecutive day on Thursday ahead of an OPEC decision to maintain the market oversupplied and on concerns that spiking European bond yields could tighten the speculative money and depress oil. The highly expected OPEC meeting on Friday isn't expected to lead to easing of a glut of global-crude supplies or take into account the prospect of growing output from Iran. OPEC is expected to hold output target of 30 million barrels per day, ignoring calls from some producers to cut supply and support prices.
read more... 05/06/2015
Siemens obtains first order for new British wind turbine factory
Siemens, the world's major producer of offshore wind turbines, has obtained an order from British utility Scottish Power to construct over 100 of the machines for the East Anglia One project, the first order for Siemens' new UK factory in Hull.
read more... 05/06/2015
Siemens inks 8 billion euro electricity agreement with Egypt
German industrial firm Siemens inked an 8 billion euro agreement ($9 billion) with Egypt on Wednesday to provide gas and wind electricity plants to increase the North African country's power production by 50 percent.
read more... 04/06/2015