Latest news
Essar Energy to acquire Shell's Stanlow refinery for $350 million
Essar Energy, the Indian energy company listed in London, has inked an exclusivity deal to acquire Royal Dutch Shell's Stanlow refinery and other associated assets for $350 million over the next ten days.
read more... 25/03/2011
BP agreed to sell a share of its pipeline assets to Buckeye
BP Products North America announced yesterday that it signed a deal to sell some of its refined petroleum products terminals and pipelines to one of the leading petroleum distributors in the US, Buckeye Partners L.P, for $225 million.
read more... 21/03/2011
Enel plans to invest in Russian assets by 2015
According to Enel declarations, the Italian group is ready to invest a considerable amount, of 1 billion euros ($1.4 billion), in Russian assets during 2011-2015. This investment envisages enhancing the quality of production capacities.
read more... 17/03/2011
Daily Energy Overview, Wednesday March, 16, 2011
Brent crude oil futures traded down over 4 percent on Tuesday as the appeared nuclear emergency in Japan raised worries across energy markets. The ICE Brent crude for April delivery valued 108.52 dollars a barrel, down 4.53 percent from a trade between 107.88 and 113.82 dollars, having hit the lowest level since February 22, when it registered a price of 105.78 dollars.
read more... 16/03/2011
Japan disaster leads to falling oil prices
Crude oil prices felt following Japan’s strongest earthquake record, shaking whole oil markets and raising concerns about weakening world demand.
read more... 14/03/2011