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Daily Energy Overview, Thursday, February 03, 2011

Oil prices increased on Wednesday on persisting concerns that the unrest in Egypt could develop across the Middle East and North Africa.

read more... 03/02/2011

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SSE acquires gas assets from Hess

Scottish and Southern Energy (SSE) agreed to perform an acquisition of natural gas production assets in the North Sea from Hess Corporation’s European unit. The cost of the transaction is £278 million and will include 18% stakes hold by Hess Corporation in a gas pipeline operated by BP.

read more... 03/02/2011

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EU prime ministers to discuss the creation of the North-South energy corridor

The president of the European Commission, José Manuel Barroso announced that some of the prime ministers from European countries will meet a day before the 4 February EU energy summit to discuss the creation of the North-South gas corridor.

read more... 03/02/2011

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The modernization of the largest Thermal Power Plant in Europe

The Emerson Company announced, on February 3rd, the award of 95 million dollars contract to modernize the automation system of six units at the largest European thermal power plant in Poland, Belchatow Power Station.

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Daily Energy Overview, Wednesday, February 02, 2011

Oil prices increased on Wednesday, with ICE Brent crude futures hitting almost the highest level since September 2008 on persisting concerns over unrest in Egypt, source of over a third of the world's oil.

read more... 02/02/2011

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