Latest news
BP gets green light to drill a new deep water-well off Shetland
The British oil major BP has been given the green light to drill a new deep water oil well in Scottish waters off the northwest of Shetland, according to the information provided by the Department of Energy and Climate Change (DECC).
read more... 26/03/2012
Enel to cut costs in order to reduce debt
Enel plans cuts in its dividend payouts and investments over the next five years in order to diminish its debt and keep its credit rating. Mentioning over the share price fall, Fulvio Conti, the chief executive announced the 2012-16 business plan which establishes lower expected growth targets amid a cloudy outlook for Italy and Spain which was needed to clear the situation.
read more... 09/03/2012
RWE to divest 7 billion euros in assets as its profit slumps
RWE, Germany’s second-largest utility is planning to divest 7 billion euros in assets between 2012 and 2013 and introduce cost cutting measures totaling around 1 billion euros through 2014.
read more... 06/03/2012
Daily – WTi and Brent end down on Saudi worries
U.S. and ICE Brent crude oil futures decreased over 2 percent on Friday as Saudi Arabia denied a report on a pipeline fire, reassuring markets over its oil supply, and a higher dollar led investors to pare their holdings in riskier assets in oil and other commodities. WTi crude for April delivery traded at 105.80 dollars a barrel, losing 3.04 dollars, while ICE Brent crude for April delivery valued 123.65 dollars a barrel, down 2.55 dollars.
read more... 05/03/2012
Turkey to boost its renewable targets by 2023 to deal with its electricity consumption
Turkey envisages increasing its use of renewable energy by 2023, according to a research performed by the Energy and Natural Resources Ministry.
read more... 01/03/2012