The consortium developing the second phase of Azerbaijan's Shah Deniz gas field has awarded a $1.5 billion subsea production agreement to a group involving Saipem, BOS Shelf and Star Gulf FZCO, as it stated on Tuesday.
read more... 04/05/2016
Coal-fired power production in Germany should come to an end "well before 2050", as indicated by a draft environment ministry document seen by Reuters on Tuesday on how Europe's largest economy can attain its climate objectives.
read more... 04/05/2016
Germany has secured the estimated 5,400 megawatts (MW) of back-up electricity it requires for the coming winter to deal with supply variations and demand peaks, as stated by the energy regulator on Monday.
read more... 03/05/2016
Crude oil prices declined about 3 percent on Monday as the output from the Organization of the Petroleum Exporting Countries approached all-time highs and record speculative buying in international benchmark Brent triggered profit-taking on last month's considerable hike. Brent crude for July delivery lost $1.54, or 3.3 percent, to settle at $45.83 per barrel, touching a session low at $45.72. WTI fell $1.14 cents, or 2.5 percent, to close at $44.78 a barrel, after attaining an intraday low at $44.54.
read more... 03/05/2016
The European Investment Bank (EIB) has decided to offer £500 million to back water and wastewater projects in the UK.
read more... 03/05/2016