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Daily: WTI crude posts a premium to Brent for the first time since August 2010
The U.S. crude oil benchmark on Tuesday posted a premium to its global equivalent for the first time in more than five years, partly supported by the lifting of a four-decade ban on U.S. oil exports and pessimistic bets before the year-end made by analysts. Futures on Brent crude declined 24 cents, or 0.7%, to end at $36.11 a barrel on London’s ICE exchange, while futures for February delivery of West Texas Intermediate crude climbed 33 cents, or 0.9%%, to settle at $36.14 a barrel. WTI closed above Brent on August 16, 2010.
read more... 23/12/2015
Statoil sets $2.77 billion in maintenance deals in Norway
Norway’s Statoil unveiled on Tuesday that it awarded maintenance and modification contracts worth $2.77 billion (NOK24bn) for its offshore and onshore oil and gas facilities in Norway. The company said that the new compensation system is aimed to save on oilfield services and to encourage continuous improvement and higher productivity.
read more... 17/12/2015
Terna acquires Italian railways' electricity line assets for 757 mln euros
Italy's power grid operator Terna has decided to purchase high voltage power line assets from Italy's state railways for 757 million euros ($834 mln), reinforcing its position as one of Europe's largest electricity transmission companies.
read more... 10/12/2015
A UK investment firm has acquired solar projects estimated at £9.7 million
John Laing Environmental Assets Group (JLEN) has purchased 303 rooftop solar projects across England, Wales and Scotland with a total capacity of 2.3MW.
read more... 19/11/2015
Lithuania will re-sell LNG internationally
Lithuania's parliament on Tuesday consented amendments which will permit the Baltic state to re-sell liquefied natural gas (LNG) on the international markets, as stated by the energy ministry.
read more... 18/11/2015