Latest news

Exxon Mobil considers sale of Malaysian offshore assets for up to $3 bln

U.S. energy giant Exxon Mobil Corp is considering a sale of its Malaysian upstream offshore assets for up to $3 billion, Bloomberg reported on Wednesday.

read more... 09/10/2019


Wholesale gas prices plummet 66% on strong renewable generation

Wholesale gas prices were 66 per cent cheaper in September than the same month in 2018, while electricity prices were also down significantly helped by strong renewable energy generation, a review by energy supplier Naturgy has found.

read more... 07/10/2019


BP to exit Alaska with $5.6bn sale to Hilcorp Energy

BP has agreed to sell its entire business in Alaska to Hilcorp Energy in a deal worth $5.6 billion (£4.6bn), exiting a state where it operated for six decades.

read more... 28/08/2019


E.ON sold German nuclear power forward at below-market levels

German utility E.ON said on Wednesday it had sold forward the bulk of its nuclear generation volumes for 2019, two thirds of those for 2020 and a third of 2021 at prices below the current wholesale market.

read more... 08/08/2019


Total sells 30% stake in Trapil pipeline network for 260 mln euros

French energy group Total has agreed to sell a 30% stake in the Trapil pipeline network to crude oil storage operator Pisto SAS for 260 million euros ($289 million) as part of a broader asset sale programme.

read more... 05/08/2019