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Daily: British gas prices surge as UK Continental Shelf output declines
Crude oil prices advanced more than 1 % on Thursday following a hike in gasoline futures which was triggered by a delayed restart of the main gasoline line at Colonial Pipeline in the United States. Brent crude futures rose by 74 cents, or 1.6 percent, to settle at $46.59 a barrel, after a session high at $47. U.S. West Texas Intermediate (WTI) crude futures advanced 33 cents, or 0.8 percent, to close at $43.91.
read more... 16/09/2016
Ofgem awards the operation licence for UK-France power interconnector
UK energy watchdog Ofgem has gave the greenlight for a 1.1 billion pound ($1.45 billion) undersea and underground electricity cable linking Hampshire with Normandy in France.
read more... 15/09/2016
Siemens will invest 5 billion euros in Argentine energy and transport
German engineering conglomerate Siemens will make an investment of 5 billion euros in infrastructure, mobility and energy management in Argentina in future years, creating several 3,000 jobs, as stated by CEO Joe Kaeser on Wednesday.
read more... 15/09/2016
Spain: Gamesa acquires half of Adwen from Areva for 60 million euros
Spain's Gamesa declared on Thursday it has purchased 50 percent of offshore wind turbine Adwen from Areva for 60 million euros ($67.5 million) after a fusion between the Spanish wind-farm producer and Siemens.
read more... 15/09/2016
Daily: Oil futures declines for a second straight session hit by large weekly builds in U.S. stocks
Crude oil futures ended the session at a nearly two-week low on Wednesday after data showing massive weekly builds in U.S. petroleum products counterbalanced an unexpected draw in crude stockpiles. It is the second consecutive day of declines when crude oil fell about 3 percent. WTI crude for October delivery fell by $1.32, or 2.9%, to settle at $43.58 a barrel on the New York Mercantile Exchange. Brent crude for November delivery on London’s ICE Futures exchange lost $1.25, or 2.7%, to $45.85 a barrel in a volatile trade.
read more... 15/09/2016