Crude oil prices declined on Friday after the U.S. oil rig number increased for the first time since December, resuming concerns of a supply glut after an output freeze plan helped drive the market to 2016 peaks and multi-week gains. Brent crude lost 24 cents at $41.30 a barrel, having boosted $1 earlier to a 2016 high of $42.54. U.S. crude for April delivery closed at $39.44 a barrel, fell 76 cents, or 1.89 percent, after soaring $1 earlier to a year peak of $41.20.
read more... 21/03/2016
Bosnia's power utility Elektroprivreda HZHB (EPHZHB) declared on Friday it had awarded a 72 million euro ($81 million) agreement to German industrial group Siemens to provide wind turbines for its future 44 megawatt (MW) wind farm.
read more... 21/03/2016
The European Commission on Friday consented Finland's intentions to offer 28 million euros ($31.6 million) in public funding to aid fund a liquefied natural gas terminal at Hamina, on Finland's south-east coast.
read more... 21/03/2016
TransCanada Corp, the Calgary-based energy giant, will buy Columbia Pipeline Group for $10.2 billion, creating one of the largest regulated natural gas transmission businesses in North America.
read more... 18/03/2016
China wasted a total of 33.9 billion kilowatt-hours (kWh) of wind power in 2015 due to low utilization efficiency, the National Energy Administration (NEA) said, the equivalent of 20% of total generated wind power.
read more... 18/03/2016