Latest news
EDF to extend the life of four of its UK nuclear power stations by up to seven years
French energy firm EDF plans to prolong the lifespan of four from eight nuclear power plants in the UK.
read more... 16/02/2016
Italy’s Eni to spend $4 bln on first phase of Zohr gas field in Egypt
Italian energy major Eni has invested $4 billion in the development of the first phase of Egypt's giant offshore Mediterranean gas field, Zohr, comprising the drilling of four wells, according to an Egyptian official.
read more... 16/02/2016
Royal Dutch Shell achieves BG takeover
Royal Dutch Shell, the Anglo-Dutch giant, became the world's second liquefied natural gas company after completing its $53 billion acquisition of British giant BG Group.
read more... 16/02/2016
Daily: British spot gas prices jump amid an undersupplied transmission system
Crude oil prices edged higher on Monday, prolonging an increase triggered last week by hopes that OPEC might agree to slash output to reduce oversupply that has dragged down prices to their weakest level in a decade. Brent crude futures, the global benchmark, rose 21 cents at $33.57 a barrel at 14:28 GMT. U.S. futures stood at $29.68 a barrel, up 24 cents on Friday's settlement. Trade was thinner than usual on Monday due to the U.S. Presidents Day holiday.
read more... 16/02/2016
Iran’s oil industry commences a “new chapter” after 5-year-halt
Iran has exported its first crude oil shipment to Europe since international sanctions ended, raising worries that more supplies will be added to the worldwide glut.
read more... 15/02/2016