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Shah Deniz field produced 64 billion cubic meters of gas during first phase of development

Energy-rich Azerbaijan extracted from its Shah Deniz field 64 billion cubic meters of gas from the commencing date of this project to September 1, 2015, according to the First Vice President of State Oil Company of Azerbaijan Republic (SOCAR) in Geology Geophysics & Field Development Issues, Khoshbakht Yusifzade.

read more... 29/09/2015

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EU might introduce stricter car emission tests after Volkswagen scandal

The EU might introduce tougher car emissions tests following the Volkswagen scandal, as stated by senior European representatives.

read more... 28/09/2015

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Daily: European forward electricity prices hit by lower coal, carbon

Crude oil prices rebounded for a second consecutive day on Friday, spurred by an increase on Wall Street and a weaker U.S. rig count. Brent, the global benchmark for oil, rose by 43 cents, or 0.9 percent, to settle at $48.60 a barrel. It gained almost $1 at the session high, then turned negative for a good part of the day before recovering. U.S. crude jumped 79 cents, or 1.8 percent, to close at $45.70. For the week, both Brent and U.S. crude climbed about 2 percent.

read more... 28/09/2015

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Czech CEZ and Akkok vends $80 million hydro-power plant in Turkey

Czech power producer CEZ and its Turkish joint-venture associate Akkok have vended Akocak hydro power plant of 81 megawatts in Turkey, as stated by CEZ on Friday.

read more... 28/09/2015

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Denmark and Germany will construct offshore electricity link by end-2018

The European Commission has authorized a plan to construct an offshore interconnection between Danish and German grids, as stated by the Danish transmission system operator on Friday.

read more... 28/09/2015

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