Latest news
Bulgaria to sign an important nuclear deal with an American company
Bulgaria, one of the five European States that is totally reliant on Russian nuclear fuel, inked a shareholder agreement with Westinghouse Electric Company, an American nuclear engineering company for the construction of a new atomic reactor estimated to cost $5 billion.
read more... 04/08/2014
Total: assets acquired by South Africa’s Exxaro for $472 million
Mining conglomerate Exxaro Resources declared on Monday it had purchased the South African coal assets of France's Total for $472 million, increasing its production and offering it extra capacity at the world's major export terminal.
read more... 29/07/2014
Cost of South Stream gas pipeline section in Serbia rises by 24%
The cost of planned South Stream gas pipeline section in Serbia has soared as much as 24 percent since November 2013, hitting a total amount of EUR 2.1 billion compared with the cost of EUR 1.7 billion estimated by the Russian energy minister Alexander Novak in November 2011.
read more... 22/07/2014
Oil major Total starts Edradour gas fields expansion
French oil major Total decided to expand the Edradour gas field, in the West of Shetland region, after negotiating less elevated prices with contractors, as well as purchasing a 60 percent stake in the adjacent Glenlivet field, according to the company on Thursday.
read more... 04/07/2014
France: Total’s LPG distribution business to be purchased by UGI
U.S. utility UGI is to acquire Total's liquefied petroleum gas (LPG) distribution business in France for approximately 400-450 million euros ($545-$613 million), denoting another step in the efforts of the French oil huge conglomerate to get rid of assets in older markets to enhance profits.
read more... 03/07/2014