French power utility EDF must be obliged to double the share of nuclear electricity production it vends to competitors from a quarter to up to half so as to raise competition, as stated by GDF Suez's chief executive on Thursday.
read more... 05/12/2014
The British government pledged trimming tax rates in the UK North Sea oil and gas sector to help reduce escalating costs.
read more... 05/12/2014
Plans for the construction of the first major offshore wind farm in Northern Ireland have been threw out by the consortium developing the project, citing policy uncertainty.
read more... 04/12/2014
U.S crude oil prices settled higher on Wednesday at more than $67 after figures showed an unexpected decline in stockpiles, while a report indicating that Saudi Arabia expected lower prices for oil pulled down Brent below $70 a barrel. The spread between Brent and U.S. crude narrowed to below $3 a barrel, its lowest in 1-1/2 months.
read more... 04/12/2014
Ukraine it is ready to make an advance prepayment by December 7 for 1 billion cubic metric of Russian gas, said Ukrainian Energy Minister Yury Prodan.
read more... 04/12/2014