Latest news
Russia might offer Greece advance funds for future gas project
Russia is thinking about soon offering Greece funds based on future earnings it could obtain from conveying Russian gas to Europe as part of a pipeline development, as stated by two Greek government sources on Wednesday.
read more... 09/04/2015
AES, ControurGlobal decide to reduce electricity prices in Bulgaria
U.S. electricity firms AES and ContourGlobal decided to reduce the price of power they vend to Bulgaria's public electricity supplier NEK on Wednesday, in place of NEK making about 700 million levs ($389 million) in late payments by July.
read more... 09/04/2015
Siem wins contract for €100 million Veja Mate lines
Siem Offshore Contractors has been awarded with a €100 million deal for turnkey supply and installation of the inter-array cabling system at the 400MW Veja Mate offshore wind farm in the German North Sea.
read more... 09/04/2015
Daily: Crude oil prices plunge 6 percent on a record increase in U.S. stockpiles
Crude oil prices plunged 6 percent on Wednesday after rallying at the highest level this year, as a considerable jump in U.S. crude inventories and a record of crude oil production in Saudi Arabia swept away any speculation of sustained recovery. U.S. crude oil stockpiles rocketed 10.95 million barrels - three times more than expected - to a daily record of 482.39 million last week, according to U.S. government data, the largest one-week increase since 2001. WTI crude for May delivery slipped $3.56, or 6.6 percent, to close at $50.42 after ending at nearly $54 a barrel on Tuesday, the highest close since December 30. Brent crude for May delivery slipped $3.55, or 6 percent, to settle at $55.55 a barrel.
read more... 09/04/2015
Daily: European power prices rebound on recovering demand after the Easter holiday
Crude oil futures soared on Tuesday and U.S. crude jumped close to 2015 highs on optimistic jobs data and government predictions for weaker U.S. crude production growth and stronger demand for oil. The price of U.S. crude oil for May delivery boosted 3.5% to settle $53.98 a barrel, approaching the highest level in 2015 at $55.11 hit on January 2. Brent crude for May delivery on London’s ICE Futures exchange soared 98 cents to settle at $59.10, having fluctuated from $57.02 to $59.27, the highest level since March 26.
read more... 08/04/2015