Killingholme gas-fired power plant in UK, operated by Centrica, is scheduled to cease its activities on March 1.
read more... 16/12/2015
Moody’s sharply curbed its oil price for 2016 by $10 a barrel due to continued oversupply, which may be spurred by the lifting of sanctions against Iran.
read more... 16/12/2015
The world’s largest chemical company, Germany’s BASF, is envisaging investing $6 billion in Iran’s petrochemical sector, according to director of planning at the National Petrochemical Company (NPC) Hamid Reza Rostam.
read more... 16/12/2015
Crude oil prices recovered by about 3 percent on Tuesday, ending a decline to 11-year lows on short covering, but traders said that the increase is not likely to persist in an oversupplied market and ahead of an expected U.S. rate hike which will trigger a dollar rally. Brent crude rose 49 cents, or 1.29 percent, to settle at $38.41 a barrel. On Monday, the global oil benchmark came within 14 cents of a December 2008 low of $36.20. WTI closed at $37.35 a barrel, up 2.86 percent, or $1.04. It shed to $34.53 the previous day, hovering above its financial crisis low of $32.40.
read more... 16/12/2015
French electric utility Engie (formerly GDF Suez) has been shortlisted following separate tenders to develop around 17 solar photovoltaic projects within the country and in Brazil, totalling 325MW.
read more... 15/12/2015