Latest news
VNG acquires German power retailer from Gazprom
Goldgas, a German gas retailing division of VNG, is to purchase power retailing company Gazprom Marketing & Trading Retail Germany (GM&TRG), a 100-percent unit of Russian Gazprom's Marketing & Trading Ltd. in London.
read more... 28/01/2016
China: Gas production begins at Chuandongbei Project
China National Petroleum Corp (CNPC), the largest Chinese energy company and the U.S. giant Chevron started commercial gas production from a field located in the Sichuan basin in southwest China.
read more... 27/01/2016
Britain's wholesale gas will continue to be cheap this year
British utilities are likely to benefit from low wholesale gas prices this summer and beyond even if electricity firms chose to do a lot more switching from coal to gas to fuel their plants.
read more... 27/01/2016
EDF inks preliminary agreement to build six nuclear plants in India
French utility EDF declared on Tuesday it had inked a preliminary deal with Nuclear Power Corp of India Ltd (NPCIL) to construct six nuclear reactors at Jaitapur, in the west of India.
read more... 27/01/2016
Daily: Crude oil soars on hopes for output cuts to slash oversupply
Crude oil prices hiked on Tuesday, increasing over 4 percent as investors were optimistic that expected output cuts could eventually reduce one of the largest global oversupplies in decades. Crude climbed after OPEC urged rival producers to cut supply alongside its members. Brent crude rose $1.30, or 4.26 percent, to settle at $31.80 a barrel, recovering from a decline at the start of the session to pick at $32.72. U.S. crude climbed 3.7 percent, or $1.11, to close at $31.45 a barrel. During the session it increased as high as $32.41.
read more... 27/01/2016