Latest news
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: 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
EDF final decision on Hinkley Point likely to be taken in May
EDF is likely to announce its final investment decision on the Hinkley Point nuclear power plant in May, as stated by Emmanuel Macron, the French Minister of the Economy, Industry and the Digital Sector.
read more... 28/03/2016
Shell will develop Chinese petrochemical plant
Shell has made a final investment decision on developing a petrochemical plant with a Chinese company.
read more... 24/03/2016
Vattenfall will construct 3.6 GW of offshore wind in UK
Sweden’s Vattenfall has begun plans for one of the biggest offshore wind farms in the North Sea. Norfolk Vanguard and bordering Norfolk Boreas will each have a capacity of 1.8 gigawatts. In the meantime, a new British study expects to reduce the cost of offshore wind to 12.8 cents, which would still lead to a quarter more expensive electricity than in Germany in spite of the better or equal conditions in the UK.
read more... 22/03/2016