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
The Irish Government has given go-ahead for Shell to run a natural gas pipeline.
read more... 04/01/2016
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
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
Crude oil futures reduced towards $37 per barrel on Wednesday since the market stayed under pressure because of decreasing demand and higher supplies, while predictions that a cold snap in Europe and the United States would be short-lived also influenced prices.
read more... 30/12/2015