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France: EDF to shut down oil-fired plants for half a year
EDF French group will shut down its oil-fired plants for half a year starting from April, taking offline a power capacity of 5,000 MW, because the plants turned out to be uncompetitive among huge overcapacities in the European electricity sector.
read more... 06/03/2014
Daily: British gas prices continue to tumble ahead of United States- Russia talks over Ukraine
Oil prices dropped by about $2 per barrel on Wednesday after the publication of U.S. government data indicating a weaker oil demand since weather in Europe and the United States is expected to warm and as refiners are likely to raise the amount of capacity they take offline this week. Brent oil for April delivery closed $1.54 lower to arrive at $107.76, settling below the 200-day moving average of $108.41 on Wednesday the first time one month. Meanwhile, U.S. crude for April delivery settled $1.88 lower to hit $101.45.
read more... 06/03/2014
Eni’s, Repsol’s Venezuela offshore gas project to launch production by the end of 2014
The offshore natural gas project developed by Italy's Eni and Spain's Repsol in the Gulf of Venezuela jointly with state-owned Venezuelan oil group PDVSA is likely to generate its first production at the end of this year, as stated by Paolo Scaroni, Eni's CEO, on Tuesday.
read more... 05/03/2014
Daily: Crude oil drops by about 2 pct as the threat of war in Ukraine receded
Crude oil dropped by about 2 percent on Tuesday after the Russian President Vladimir Putin said it is not seeking to escalate the conflict in Ukraine's Crimea peninsula, fading concerns of an eventual oil supply disruption from Russia.
read more... 05/03/2014
Total will continue to invest in Russia
Total’s Manager Director stated on Tuesday that the French oil firm will keep on investing in Russia, in spite of the tensions between Ukraine and the Russian President. According to the company, the liquefied gas project in the Yamal Peninsula is not at risk.
read more... 05/03/2014