Latest news
European Commission will offer financial assistance to TANAP
The European Commission will give financial aid to the Trans Anatolian Pipeline project (TANAP) firm for its study and design of commercial operations and its asset integrity management systems, as stated by the company on Thursday.
read more... 29/07/2016
EDF to sell a 49% stake in power grid unit RTE
French utility EDF has unveiled it launched exclusive negotiations with Caisse des Dépôts and CNP Assurances to form a long-term partnership for the development of RTE.
read more... 29/07/2016
Statoil acquires Petrobras assets in Carcará oil finding for $2.5 billion
Norwegian oil major Statoil ASA declared on Friday it had decided to acquire Petrobras' 66% operated interest in the BM-S-8 offshore license in Brazil's Santos basin for $2.5 billion.
read more... 29/07/2016
Daily: U.S. crude hits the largest monthly loss in a year pressured by oversupply concerns
Crude oil prices closed down nearly 2 percent on Thursday, attaining the lowest level since April and with U.S. crude poised to hit the largest monthly loss in a year, on intensifying worries about crude oversupply. U.S. crude's West Texas Intermediate (WTI) futures fell 78 cents, or 1.9 percent, to settle at $41.14 a barrel. WTI earlier dipped to $41.04, its weakest since April 20. Brent crude futures declined 77 cents, or 1.8 percent, to close at $42.70, after slipping earlier to $42.56, the lowest since April 18.
read more... 29/07/2016
Europe predicts $15.3 billion investment in offshore wind at half-year mark
The European offshore wind power industry attracted a record $15.3 billion (EUR 14 billion) in new investments during the first six months of 2016, but the manager of WindEurope stated cost decrease remains imperative.
read more... 28/07/2016