Latest news
Spanish gas utility obtains €600 million from EU bank
A gas firm in Spain has obtained a loan estimated at €600 million (£443m) from the European Investment Bank (EIB).
read more... 04/01/2016
Oil and gas companies across the world to slash their capital expenditure in 2016
World’s largest oil and gas producers are facing the toughest period of spending cuts in decades, as crude prices are at 11-year lows.
read more... 04/01/2016
Ireland gives permission for Shell’s gas project
The Irish Government has given go-ahead for Shell to run a natural gas pipeline.
read more... 04/01/2016
Daily: Oil ends 2015 in a pessimistic mood, down 35%
Crude oil prices rebounded on Thursday, but ended in a downbeat mood, down by as much as 35% for 2015, dragged down by a race to pump by Middle East crude producers and as U.S. shale oil drillers created an unprecedented global oversupply. The United States also took a historic decision to revoke a 40-year ban on U.S. crude exports to countries outside Canada. Brent crude rose 82 cents to close at $37.28 a barrel, recovering from a near 11-year low of $36.10 reached earlier in the session. WTI increased 44 cents to settle at $37.04 a barrel.
read more... 04/01/2016
Engie shuts down Belgian nuclear reactor because of an alternator problem
Electrabel, the Belgian unit of French conglomerate Engie, closes the Doel 1 nuclear reactor in northern Belgium late on Saturday due to a problem with an alternator.
read more... 04/01/2016