Gazprom and Wintershall have signed an agreement regarding the asset swap between the two companies. The world’s largest gas producer acquired 50% shares in UK and Dutch gas fields operated by Wintershall, as part of a Master Agreement to exchange assets with the German firm.
read more... 30/12/2013
Vestas, the world leader in wind energy, has secured a two-year service agreement contract from ScottishPower Renewables for five wind power plants in Scotland. The plants would have a total capacity of 120MW and 162 of Vestas’s V47 and V52 wind turbines. The two-year contract extension includes an option for a third year.
read more... 26/12/2013
Russia's Rosneft, the world's top listed oil producer, and Italy’s Eni have signed an agreement regarding oil supplies to European refineries. The new strategic accord was signed amid increased cooperation and growing trades between Russia and Italy. Under the terms of the deal, Rosneft would furnish something like 1 million tonnes of oil to Eni's refineries, while Eni would supply 400,000 tonnes.
read more... 03/12/2013
Now that a nuclear deal has been reached following the breakthrough agreement in Geneva, the west is likely to start easing crippling sanctions on Iran, as it has about $100 billion in investments frozen around the world, and its government runs a deficit of $35 billion a year.
read more... 27/11/2013
Brent crude oil boosted by more than $1 a barrel on Wednesday after an American official said it would be "very hard" to reach a nuclear agreement with Iran this week. U.S. oil prices dropped late in session after the U.S. Federal Reserve suggested it may increase its monetary stimulus program, a move that could hit oil demand.
read more... 21/11/2013