Latest news
China will aid Serbia to construct a coal-fired power plant of 350 MW
Serbia and China will ink an agreement estimated at over $600 million next week to adjoin a new unit at the Kostolac coal-fired power plant, the first major investment in more than two decades in Serbia's old energy infrastructure, as stated by the plant's manager.
read more... 15/12/2014
Czech company EPH struggles for E.ON’s Italian assets
Privately-held Czech energy group EPH would like to acquire several Italian assets put on sale by German utility E.ON, potentially pitting it against France’s EDF in a 2 billion euro ($2.5 billion) battle, as stated on Thursday by two sources familiar with the situation.
read more... 12/12/2014
Norway: gas maintenance to attain a peak in April
Maintenance operations on Norwegian gas fields and processing facilities will attain a peak next year at the beginning of April, afterward in late May and early June, as stated by gas system operator Gassco on Thursday.
read more... 12/12/2014
***Breaking news***: U.S. oil prices crash below $60 for the first time since July 2009
U.S. crude prices plunged below $60 a barrel for the first time in five years, breaking through a key psychological and prompting new selling. Prices have plummeted on OPEC producers’ cartel statements that the supply glut is likely to continue in 2015 and the demand would be the weakest in a decade, dragging prices down even further. The global oversupply is driven partly by rocketing production from the U.S. shale basins. Nymex January West Texas Intermediate, the US oil benchmark, sank 99 cents or 1.6% to settle at $59.95 a barrel on Thursday. Meanwhile, front-month Brent, the international crude benchmark, declined by 56 cents to close at $63.68 a barrel.
read more... 12/12/2014
Turkey could recommend LNG project to Russia
Turkey might suggest to Russia constructing an LNG terminal in an energy complex on its border with Greece, as part of discussions on intended new gas pipeline with its northern neighbour, as stated by Turkish Energy Minister Taner Yildiz.
read more... 12/12/2014