Latest news
Innogy energy group signals more costs reductions at its unit in the UK
Innogy, the biggest energy group in Germany, is losing customers in the UK and warned of more cost cuts at a business which is not likely to make a profit in 2017 because of increasing competition.
read more... 12/05/2017
French company starts UK home energy business
The French company ENGIE is challenging UK’s six largest energy providers - Centrica, SSE , Scottish Power, Npower, E.ON and EDF Energy - by starting a new home energy business, that will propose to its clients the lowest tariffs at the end of fixed term deals.
read more... 12/05/2017
Oil industry firm BP started gas production at two Egypt fields
BP has initiated gas production at two fields - The Taurus and Libra fields - located in its West Nile Delta development offshore Egypt.
read more... 12/05/2017
Daily (12.05.2017): UK spot gas prices declined by 5% on warmer weather forecasts
Oil prices grew by around 1%, extending Wednesday's 3% gains, boosted by the news about a huge drop in the U.S. inventories and 2 countries’ decision to support extension to OPEC supply cuts.
read more... 12/05/2017
Iberdrola price fixing claim examined by Spain's high court
Spain's High Court declared on Thursday it is inspecting a claim by the anti-corruption prosecutor of supposed electricity price manipulation by utility Iberdrola in late 2013.
read more... 11/05/2017