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Poland: Tauron could bid to acquire PKP Energetyka with insurer PZU
Tauron, Poland's second-biggest energy conglomerate, is thinking about presenting a final offer to purchase smaller competitor PKP Energetyka with Polish insurer PZU as an associate, as mentioned on Thursday in Rzeczpospolita daily quoting Tauron's CEO.
read more... 28/05/2015
Venezuela and Russia’s Rosneft settle on oil, gas investment of $14 billion
Venezuela and Russia's major oil producer, Rosneft, have settled on approximately $14 billion in investment in the South American OPEC country's oil and gas sector, as stated by President Nicolas Maduro on Wednesday evening.
read more... 28/05/2015
Serbia will reduce gas prices for households from June on weaker oil
Serbia's retail prices for natural gas pumped to households and small business consumers will drop by approximately 5 percent starting from June, mostly because of the decline in global oil prices, as stated by energy regulator AERS on Tuesday.
read more... 27/05/2015
Daily: Crude oil prices under pressure from a rising dollar
Crude oil prices declined nearly 3 percent on Tuesday as a stronger dollar weighted on dollar denominated crude oil futures alongside worries that a recent hike might keep U.S. producers active. Brent crude for July delivery fell $1.80, or 2.75 percent, to close at $63.72 a barrel, the weakest level since April 22 settlement. U.S. crude for July settlement eased $1.69, or 2.83 percent, to settle at $58.03, having traded as low as $57.71.
read more... 27/05/2015
Egypt: Mediterranean gas exploration tender prolonged by two months
Egypt has prolonged its tender for natural gas exploration in the Mediterranean Sea by two months with the addition of four new blocks, as stated by the state gas board on Tuesday, since the country wants to increase domestic energy production.
read more... 27/05/2015