Latest news
UK: Avonmouth LNG storage site will halt operations
A Liquefied Natural Gas (LNG) storage facility close to Briston will permanently halt operations in the next two months.
read more... 02/03/2016
Ukraine: increase of gas reserves by 22% year-on-year
Ukraine is coming out of the 2015/16 winter with approximately 10 billion cubic metres (bcm) in gas reserves, or an increase of 22 percent from 8.17 bcm a year earlier, according to a transport monopoly Ukrtransgaz on Monday.
read more... 01/03/2016
Scottish Power envisages expanding the Cruachan hydro power station to store renewable energy
Scottish Power envisages to more than doubling the size of a hydro-electric power station built inside a mountain, helping to stock renewable energy.
read more... 01/03/2016
Petrobras secures a $10 billion loan from China
Brazil’s state-controlled oil producer Petroleo Brasileiro (Petrobras) has secured a $10 billion loan from China Development Bank Corp to help pay most of its 2016 debt.
read more... 01/03/2016
Daily: Crude oil rebounds 3% on China measures to boost economy, decline in crude oil output
Crude oil prices rose 3 percent on Monday after China took measures to boost its slowing economy, a reduction in crude output from OPEC and the U.S., and an engagement by Saudi Arabia to curb market volatility. Brent crude's front-month contract for April delivery climbed 87 cents, or 2.5 percent, to settle at $35.97 a barrel before expiring and going off the board. Brent for May delivery increased $1.13, or 3.2 percent, to close at $36.57 a barrel. U.S. crude's front-month contract added 97 cents, or 3 percent, to stand at $33.75.
read more... 01/03/2016