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OMV puts up for sale a 30% stake in UK North Sea Rosebank project
Austrian oil and gas company OMV envisage selling a 30% stake in the Rosebank oil and gas project in the British North Sea, as it aims cutting its budget to struggle with weakening oil prices.
read more... 30/07/2015
Daily: European spot power prices decline on higher wind output expectations
Crude oil futures settled higher on Wednesday on bullish stockpiles report from the Department of Energy and after Dow Jones indicated that Saudi Arabia would retreat its production after the summer. U.S. crude for September delivery rose by 81 cents to close at $48.79 a barrel Wednesday after soaring as much as 2.5 percent from six-month lows earlier in the session. Front-month Brent futures increased by 6 cents at $53.36 a barrel, having recovered from an intraday low of $52.51.
read more... 30/07/2015
Daily: Crude oil starts to gain ground after four-day loss
Crude oil prices erased a part of their recent decline on Tuesday, with Brent rebounding from near six-month lows and WTI crude rising more than 1 percent, spurred by bets for a decline in U.S. inventories which attenuated worries about a global oversupply and China’s stock market plunge. Brent futures decreased by 17 cents, or 0.3 percent, to close at $53.30 a barrel. It had hit $52.28 earlier in the session, its lowest since early February. U.S. crude futures boosted 59 cents, or 1.2 percent, to settle at $47.98 a barrel.
read more... 29/07/2015
UK government awards 41 new licences for hydrocarbons in the North Sea
The British government decided on Monday to award 41 licences to drill for oil and gas in the North Sea, with oil majors Shell and ENI among the successful bidders.
read more... 28/07/2015
Daily: European prompt power prices diverge, with German down, French up
Crude oil futures touched four-month lows on Monday after a sharp decline in China’s stock markets which intensified worries about the economic health of the largest energy consumer in the world, while data showed a growing crude glut. Brent crude oil slipped $1.15, or 2 percent, to close at $53.47 a barrel. U.S. crude dropped 75 cents, or 1.6 percent, to settle at $47.39.
read more... 28/07/2015