Russian energy giant Gazprom and Austrian oil and gas group OMV reached a basic agreement on Wednesday to swap a 38.5% stake in OMV's Norwegian unit for a 25% stake in a section of Gazprom's Urengoy gas field.
read more... 15/12/2016
Crude oil prices fell more than 3 percent on Wednesday as the dollar strengthened after the U.S. Federal Reserve’s decision to hike interest rates and after an increase in crude stockpiles at the largest U.S. storage hub renewed worries about a supply glut. Brent crude futures ended at $53.90 per barrel, down $1.82, or 3.27 percent after slipping as low as $53.80. U.S. crude closed the session down $1.94, or 3.66 percent at $51.04 per barrel after hitting a low of $50.92.
read more... 15/12/2016
Italian energy firm Eni has signed on Tuesday a renegotiated gas supply deal with Algerian Sonatrach for the year 2016/2017.
read more... 14/12/2016
Dong Energy has converted the unit 1 at Denmark’s largest power station- Avedøre to use wood pellets and straw as fuel rather than coal.
read more... 14/12/2016
The European Bank for Reconstruction and Development (EBRD) is extending $ 134.75m loan to three Turkish electricity companies, the Trakya Electricity Distribution Company (TREDAŞ), the Trakya Electricity Retail Company (TREPAŞ), and to their parent company, IC İçtaş Elektrik (ICEL), as part of its moves to enhance reforms in the country’s electricity sector.
read more... 14/12/2016