Latest news
Leviathan collaboration approves $120 million feed
Leviathan associates have authorized a $120 million front-end engineering and design agreement for the expansion of the giant gas field offshore Israel. The three partners – Delek Group (45.3%), Noble Energy (39.7%) and Ratio (15%) – approved to Noble Energy, the operator, to begin the Feed phase.
read more... 24/06/2016
Daily: British gas prices ease on Rough outage, EU referendum
Crude oil prices ended 2 percent higher after a volatile session on Thursday, as investors were less preoccupied about the future of global economy after the last pre-vote opinion surveys indicated Britain will not quit the European Union. Brent crude rose $1.03, or 2.1 percent, to settle at $50.91 a barrel. U.S. crude closed at $50.11 a barrel, up 98 cents. Both contracts jumped in the last few minutes of trading.
read more... 24/06/2016
Tesla offers $2.8 billion to acquire energy company SolarCity
Elon Musk’s Tesla has made a stock agreement proposal of $2.8 billion (£1.9bn) to acquire his clean energy firm SolarCity.
read more... 23/06/2016
Siemens reveals offshore wind cost-reduction strategy
Siemens declared this week that its offshore wind projects are likely to produce electricity for a levelized cost of energy (LCOE) of 8 €cents/kWh by 2025, an improvement on its 2020 target of 10 €cents.
read more... 23/06/2016
Daily: Crude oil prices loss ground in choppy trading before Brexit vote
Crude oil prices declined on Wednesday after the U.S. government unveiled a smaller-than-expected stockpile drawdown and as investors were preoccupied about Britain's upcoming vote on whether to stay in the European Union. Brent contract for August delivery lost 74 cents, or 1.5 percent, to settle at $49.88 a barrel. U.S. crude futures initially rebounded to a session high of $50.22 a barrel before falling to a settlement of $49.13, though were still firm versus the previous close of $48.85.
read more... 23/06/2016