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EDF sites investigated by French competition authorities
French electricity utility EDF's headquarters and other locations have been investigated by the competition authorities looking into a potential manipulation of a dominant position in the energy market, the state-run utility declared on Friday.
read more... 28/11/2016
BP acquires stake in Eni's giant Zohr gas field offshore Egypt
BP has decided to acquire 10 percent of Eni's Shorouk concession offshore Egypt, which comprises the giant Zohr gas field, for $375 million, joining other oil majors in raising bets on the developing gas market.
read more... 28/11/2016
Daily: Crude oil down 4% amid OPEC reduction uncertainty
Crude oil prices tumbled nearly 4 percent on Friday, pulled out by uncertainty over whether the OPEC producers will reach an output deal after Saudi Arabia stated it will not attend talks on Monday with non-OPEC members to discuss supply reduction. Brent crude futures closed at $47.24 a barrel, down $1.76 or 3.59 percent. U.S. crude futures ended down $1.90 a barrel at $46.06, posting a 3.96 percent loss. Prices continued to decline in post-settlement trading, declining as low as $45.88 a barrel.
read more... 28/11/2016
Switzerland to decide in a referendum over its nuclear future
Switzerland will vote in a referendum on November 27 on whether to exit nuclear power, a move that will reduce nuclear risk, but will increase dependence on fossil fuels from Germany or imported nuclear power from France.
read more... 25/11/2016
Gas-fired electricity likely to secure French energy over Winter
French unease at potential electricity shortages this winter have been lessened by claims from the nation’s gas power sector that there is enough capacity from the industry to back the country.
read more... 25/11/2016