Latest news
Red card for Engie: Suspected of selling gas at below cost
The French competition authority required the energy company Engie (ex-GDF Suez) on Monday to increase its natural gas prices for companies, blaming that the company is selling gas at below cost, harming competition.
read more... 04/05/2016
Daily: British spot gas prices decline on warmer weather, Rough outage
Oil prices tumbled for a second day on Tuesday, receding further from the year's highs reached the previous week, as increasing production renewed worries about the global glut of crude, the U.S. dollar recovered and equity markets weakened. Brent crude futures eased 86 cents, or 1.9 percent, to settle at $44.97 a barrel. U.S. crude's West Texas Intermediate (WTI) futures declined $1.13, or 2.5 percent, to close at $43.65.
read more... 04/05/2016
Shah Deniz conglomerate grants $1.5 billion subsea production agreement
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
Germany will stop coal-fired power production "well before 2050"
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 declares has secured back-up electricity for next winter
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