Latest news
RWE launches drilling for gas in North Sea
The German energy major RWE Dea announced it launched the drilling at the Breagh field, which is one of the largest natural gas discoveries under development in the UK Southern North Sea.
read more... 23/05/2012
Gazprom to buy power plants in Western Europe
The Russian energy giant, Gazprom aims to purchase power plants in Western Europe, efforts welcomed by Russia’s energy minister Anatoly Yanovsky, who sees the movement as a normal and proper business.
read more... 22/05/2012
Shell CEO: US natural gas prices expected to double by 2015
US natural gas prices are expected to double from recent 10-year lows by 2015 due to soaring US demand for fuel, Royal Dutch Shell chief executive Peter Voser told Financial Times newspaper in an interview.
read more... 21/05/2012
Bulgaria, Gazprom to conclude a deal to cut Russian gas prices
Bulgaria and the Russian gas giant Gazprom are looking to conclude an agreement to cut the price of natural gas to Bulgaria by 11.1% and as well as removing intermediary companies from the supply chain in exchange for the country's support for the South Stream gas pipeline project.
read more... 21/05/2012
SSE hit by doorstep sales halting and derivatives losses
The UK energy supplier Scottish and Southern Energy (SSE) posted 87% drop in its annual pre-tax profits, from £2.1bn to £268.5m, blaming its loss on doorstep sales halting and derivatives losses, after it was convicted for mis-selling.
read more... 17/05/2012