Latest news
Russia’s Lukoil envisages sale of oil refineries in Europe
Russia’s oil company Lukoil mulls spinning off or selling its downstream assets in Europe to focus on exploration both in Russia and abroad, according to Chief Executive Vagit Alekperov.
read more... 20/06/2016
Siemens and Gamesa will form biggest wind farm business
Spain's Gamesa and Germany's Siemens intend to combine their wind businesses to establish the world's largest builder of wind farms since Siemens aims to strengthen its weak position in the onshore market.
read more... 17/06/2016
Dutch consortium pledges to reduce costs of offshore wind energy to €0.07/kWh by 2030
A consortium of 16 Dutch companies and research institutes are envisaging reducing costs of offshore wind to €0.07 per kWh by 2030.
read more... 17/06/2016
Daily: Oil dives 4% on fears about Britain exit
Crude oil prices dipped 4 percent and reached one-month lows on Thursday, ending down for a sixth consecutive day, on worries about global economic turmoil if Britain exits the European Union. However, oil pared losses as the sterling appreciated, but crude fell again in post-settlement trade to hit fresh lows on the day. Brent crude futures' front-month contact closed down $1.78, or 3.6 percent, at $47.19 per barrel. The front-month in U.S. West Texas Intermediate (WTI) crude futures lost $1.80, or 3.8 percent, to settle at $46.21 a barrel.
read more... 17/06/2016
Iran to jointly build an oil hub with China
China and Iran have inked a deal to jointly develop an oil terminal on Qeshm Islandin the southern Persian Gulf, which will turn the island into an important hub for oil production and reserves.
read more... 17/06/2016