Latest news
139 countries estimated to go 100% green by 2050
By the year 2050, a total of 139 countries could get their energy only from renewable sources such as water, wind and sun.
read more... 25/08/2017
Total to purchase Maersk Oil for $7.45 billion
Transport and logistics company Maersk decided to sell 100% of its equity of its oil and gas unit, E&P company Maersk Oil & Gas (Maersk Oil), to Total for $7.45 billion. The deal will signify the start of Maersk moving towards its dismembering, which is estimated to be the biggest single transaction.
read more... 21/08/2017
Daily (28.07.2017): Brent prices soared to 2-month high on Thursday - $51.49 a barrel
Oil prices continued to rise on Thursday with support from a huge slide in U.S. crude inventories. Kuwait, UAE and Saudi Arabia, fellow members of the OPEC, have also promised export cuts. U.S. fuel exports are on track to hit another record in 2017, making foreign fuel markets increasingly important for the profit margins of U.S. refiners. Also, Europe's major energy firms are turning a corner after a 3-year slump, Royal Dutch Shell, France's Total and Norway's Statoil reported sharp rises in cash flow from second quarter operations. Brent crude jumped by 1% to $51.49 a barrel, while WTI price jumped by 0.8% to close at $48.75 a barrel.
read more... 28/07/2017
Germany predicts 900 MW of new offshore wind in 2017
Germany connected 626 megawatts (MW) of newly constructed offshore wind capacity to power grids in the first semester of this year and hopes to see total installations of 900 MW in the entire year, as stated by five industry groups in a joint statement on Thursday.
read more... 21/07/2017
British Gas pays clients $1.4 million for failed schedules
Britain's biggest energy provider British Gas, possessed by utility Centrica, has paid a total of 1.1 million pounds ($1.4 million) to clients in compensation for missed or delayed appointments, as stated by the country's energy regulator on Thursday.
read more... 21/07/2017