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EIB backs energy interconnection project between Armenia and Georgia
European Investment Bank (EIB) will give €10 million in loan for funding the building of an electricity transmission connection and a high voltage direct current station linking Armenia and Georgia.
read more... 20/03/2015
ABB wins order of $900 million to link Norwegian, German electricity grids
ABB has won orders estimated at approximately $900 million from a conglomerate including leading utilities Statnett and TenneT as well as promotional bank KfW to provide on-shore high-voltage direct current (HVDC) converter stations and the cable system in the German sector that will ease the first ever interconnection between the Norwegian and German electricity grids.
read more... 20/03/2015
Daily: Oil prices rebound by 6% after Federal Reserve move
Crude oil prices soared as much as 6 percent on Wednesday as the dollar depreciated after the Federal Reserve changed the market's direction, choosing a more gradual modality to normalizing U.S. interest rates. Benchmark Brent oil registered choppy moves earlier, while U.S. crude prices eased after figures indicated the highest oil inventories in the United States in at least 80 years. Brent rose by $2.40 or 4.5 percent to settle at $55.91 a barrel. WTI boosted $1.20, or almost 3 percent, to close at $44.66 a barrel, and above $45 post-settlement.
read more... 19/03/2015
Gassco annuls Oseberg field outage, resumes Vesterled flows
An earlier announced unexpected outage at Norway's offshore Oseberg field was annulled, leading to a restart of gas flows on the Vesterled pipeline, as stated by the gas system operator Gassco on Thursday.
read more... 19/03/2015
EU carbon market emissions declined by 3.7% in 2014
Emissions limited by Europe's carbon market dropped by 3.7 percent in 2014, incited by higher production from renewable electricity generators and lower power consumption, as stated by analysts at Thomson Reuters Point Carbon on Wednesday.
read more... 19/03/2015