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Daily: European spot power prices drop on robust wind power supply, tightening demand
Brent crude futures declined for a fifth consecutive day on Tuesday to close below $60 a barrel, while WTI crude ended a volatile session slightly higher as trading of expiring options helped defend the price above $55. Brent crude for January delivery slipped $1.20, or nearly 2 percent, to settle at $59.86 a barrel. The contract has lost more than 10 percent in five days of trading. U.S. crude's front-month rose 2 cents to close at $55.93 a barrel. Its session low of $53.60 was the lowest since May 2009.
read more... 17/12/2014
Repsol to purchase Talisman Energy for large premium
Spain's Repsol has decided to purchase Talisman Energy, Canada's fifth-biggest independent oil producer, for $8.3 billion since the decline in oil prices urges firms to take the plunge on huge M&A transactions.
read more... 17/12/2014
Portugal: EDP vends several Spanish gas assets for 236 million euros
EDP-Energias de Portugal Spanish division Naturgas decided to vend natural gas distribution assets in three Spanish districts to Redexis, a holding firm of Goldman Sachs Infrastructure Partners, for 236 million euros ($295 million), as stated by EDP on Tuesday.
read more... 17/12/2014
Ukraine: Chevron intends to withdraw from $10 billion shale gas agreement
U.S. energy major Chevron intends to pull out of a $10 billion shale gas deal with Kiev, according to the declaration made on Monday by a senior Ukrainian presidential representative.
read more... 16/12/2014
National Grid awarded Centrica agreements for winter electricity backup
National Grid awarded British utility Centrica contracts for the supply of further electricity capacity from two of its gas-fired power plants in the winter of 2015/16.
read more... 16/12/2014