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Daily: WTI crude plunges to six-and-half-year low on unexpected stockpiles hike
WTI crude oil decreased more than 4 percent on Wednesday to reach a 6-1/2-year low and almost break below $40 per barrel, dragged down by a massive unexpected inventories hike in the United States which intensified worries about growing global oversupply. U.S. front-month futures contract, which expires on Thursday, declined $1.82, or 4.3 percent, to settle at $40.80 a barrel. It fell as low as $40.46 during the session, its lowest level since March 2009. The front-month in Brent, the global benchmark for oil, lost $1.65, or 3.4 percent, at $47.16 a barrel. It continued to slip to $2 in post-settlement trade.
read more... 20/08/2015
Britain awards new shale gas licences for first time in seven years
Britain awards shale gas exploration licences for the first time in seven years on Tuesday, offering new sites to firms comprising IGas and France's GDF Suez.
read more... 20/08/2015
Germany: RWE’s power-to-gas plant opens
RWE’s power-to-gas plant has officially been opened in Ibbenbüren, Germany. It is an energy storage technology which connects the supply of local power, natural gas and district heating.
read more... 19/08/2015
Total might begin Bulgaria offshore drill in early 2016
French oil company Total declared on Monday it was on the way to begin drilling for oil and gas at an exploration location off Bulgaria's Black Sea coast early next year.
read more... 19/08/2015
Phoenix Solar will construct PV power plant of 6.9 MWp in Turkey
Phoenix Solar AG (Sulzemoos, Germany), an international photovoltaic system integrator, and its associate Asunim Yenilenebilir Enerji Teknolojileri Ins. Muh. San. Tic. Ltd. Sti. (Ankara, Turkey), a member of the Asunim group, have been jointly granted an order by a Turkish conglomerate to construct an array of six photovoltaic power plants with a total capacity of 6.9 MWp in the surroundings of the city of Kayseri in central Anatolia, as declared by Phoenix Solar in a press release.
read more... 19/08/2015