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Daily: Brent crude climbs on fresh sanction against Russia
Brent crude closed slightly higher on Tuesday on fresh sanctions against Russia which will aggravate relations between Moscow and the West, while the U.S. prices fell after a Kansas refinery fire cut demand for WTI crude. Brent crude rose 15 cents to close at $107.72 a barrel, after oscillating between $107.13 and $108.05 earlier in the session. U.S. crude eased 70 cents to settle at $100.97 a barrel after hitting an intraday low of $100.37, the lowest level since mid-July.
read more... 30/07/2014
British government gives the go-ahead to a new round of shale gas exploration
The British government unveiled it was opening up the bidding process for shale gas exploration in the country under the so-called "14th onshore licensing round". Alongside shale gas exploration, the bidding process will cover exploration and development of tight gas, coalbed methane and mine vent gas.
read more... 30/07/2014
Daily: European power prices increase on further sanctions concerns against Russia
Crude oil declined on Monday on signs of supplies surplus of North Sea and West African crude and as sluggish demand in Europe and Asia counterbalanced fears of intensifying tensions in Ukraine and in the Middle East. Brent crude for September delivery fell 82 cents to settle at $107.57 a barrel, after hitting a low of $107.01 earlier in the session. WTI crude futures for September delivery dropped 42 cents to settle at $101.67, rebounding from an intraday low of $100.90.
read more... 29/07/2014
Statoil obtains authorization to prolong lifetime of the Heimdal gas unit
Norway's oil safety supervisory body has authorized Statoil to manage its oil and gas facilities at the Heimdal field until 2034, beyond previous plans for operations until 2021, it declared on Monday.
read more... 29/07/2014
Alstom wins deal estimated at 335 mln euros in Mexico
French engineering conglomerate Alstom won agreements estimated at approximately 335 million euros ($450.24 million) to equip an Iberdrola power plant in Mexico, according to company’s declaration on Monday.
read more... 29/07/2014