Latest news
E.ON has started production at Huntington field
Production at the Huntington oil and gas field in the North Sea has successfully started and signs an important step for E.ON's upstream business as the field will significantly increase the company's overall production and contribute to a substantial increase in cash flow.
read more... 17/04/2013
EU carbon market suffers a major blow amid CO2 plan rejection
European lawmakers rejected on 16 April the European Commission’s draft plan to increase companies’ costs of emitting greenhouse gases, a plan aimed to boost the carbon emission rights trading mechanism.
read more... 17/04/2013
Daily: UK spot gas price down as warmer weather cuts demand
Brent crude oil futures for May delivery, which are expiring soon, dropped more than 2 percent on Monday following data showing weaker Chinese economic growth, which reinforced fears about world economy and demand for oil. Meanwhile, Brent May crude dropped $2.72, or 2.64 percent, to settle at $100.39 a barrel, having fluctuated from $100.02 to $103.09. Brent crude for June delivery declined $2.41 to settle at $100.63 a barrel.
read more... 16/04/2013
Norway to delay gas tariff cuts amid major protests
Norway, which is Western Europe’s biggest gas exporter, has delayed its plans to cut tariffs on natural gas transported via the Gassled pipeline network, following protests coming from investors in the country’s pipeline system.
read more... 16/04/2013
Austrian OMV bought shares in Nabucco gas pipeline
Austrian OMV has acquired shares in the Nabucco West gas pipeline project from German RWE on 14 April. Both RWE and OMV have confirmed the deal but they didn’t provide any other information.
read more... 15/04/2013