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Eni and Kogas failed to find useable hydrocarbons off Cyprus
Italian energy firm Eni and Korea Gas Corp (KOGAS) found no exploitable hydrocarbons off Cyprus, the second time energy companies have drawn blanks in recent months in what was otherwise considered a promising region.
read more... 27/03/2015
Norway and Britain to construct world’s longest subsea electricity cable
The world's longest subsea power transmission cable is to be built between Norway and Britain by 2021, as stated by Norway's Statnett on Thursday.
read more... 27/03/2015
Daily: Crude oil prices rebound by 5 % on air strikes in Yemen
Crude oil prices boosted by about 5 percent on Thursday, the largest daily gain in a month as air strikes in Yemen triggered by Saudi Arabia and its Gulf Arab allies fueled fears that escalation of the Middle East conflict could disrupt world crude supplies. Brent crude soared $2.71, or 4.8 percent, to settle at $59.19 a barrel. WTI crude increased $2.22, or 4.5 percent, to close at $51.43, approaching 2015 highs.
read more... 27/03/2015
France’s EDF envisages to take stake in Areva
French energy conglomerate EDF is thinking about taking a stake in struggling nuclear power group Areva, as reported by business daily Les Echos.
read more... 27/03/2015
Daily: Oil prices soar on dollar depreciation, military operations in Yemen, speculative buying
Crude oil soared by about 3 percent on Wednesday, spurred by the dollar depreciation, military operations in Yemen triggered by Saudi Arabia and speculative buying in spite of American inventories building to record highs. Benchmark Brent oil rose by $1.37, or 2.5 percent, to settle at $56.48 a barrel. It had hit $57.17 earlier. U.S. crude boosted $1.70, or 3.6 percent, to close at $49.21 a barrel. The session peak was at $49.46.
read more... 26/03/2015