Latest news
Brazil approves $70 billion BG-Shell fusion
BG Group Plc on Friday confirmed that it has obtained final unconditional approval from Brazilian competition authority CADE for its purchase by bigger competitor Royal Dutch Shell.
read more... 27/07/2015
General Electric to supply advanced technology for TANAP project
US based General Electric's oil and gas unit has won contract to provide advanced turbomachinery for the first phase of the Trans-Anatolian Natural Gas Pipeline (TANAP) project, which is being constructed for gas transportation from Azerbaijan to Europe.
read more... 27/07/2015
Three Chinese companies bid to construct 350 MW Bosnia coal power plant
Three Chinese firms have bid to finance and construct a 350 megawatt (MW) coal-fired power plant in central Bosnia, as stated on Friday by Munever Cergic, the general manager of Banovici coal mine, the future plant operator.
read more... 27/07/2015
Daily: Crude oil plunges to the weakest level since March on pessimist economic figures from China
Brent and WTI crude futures plunged on Friday to their lowest point since March and registered their fourth consecutive weekly decline as pessimistic economic data from China and an increase in U.S. oil drilling rigs put pressure. Brent crude for September delivery dipped 65 cents to close at $54.62 a barrel, the lowest settlement since March 19 and off 4.3 percent for the week. U.S. crude for September delivery shed 31 cents to settle at $48.14, its weakest settlement since March 31 and down 5.5 percent for the week. The session low of $47.72 was the lowest intraday price since April 1.
read more... 27/07/2015
Britain gave the green light for the construction of two new gas-fired power plants
Britain approved on Thursday the building of two new 299 MW gas-fired power plants.
read more... 24/07/2015