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GDF Suez: Mirfa electricity and water agreement signed in Abu Dhabi
French utility GDF Suez declared it signed a power and water accord with the Abu Dhabi Water and Electricity Company for a period of 25 years, since it aims to capitalize on increasing demand in the area.
read more... 04/07/2014
EU utilities to be negatively affected by low energy prices until 2020
Low wholesale power prices will make Europe's utilities suffer, corroding their revenues until the end of the decade since increasing renewable production and low demand integrate, according to the rating agency Moody on Wednesday.
read more... 03/07/2014
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
Daily: UK gas for winter delivery plunges to record lows on weak demand
Crude oil dropped about $1 on Wednesday as Libyan and Iranian supply started to recover, hitting the lowest settlement in almost three weeks despite considerable draw in U.S. oil stockpiles. Brent crude fell $1.05 a barrel to close at $111.24, while U.S. light crude dropped by more than a dollar to a session low of $104.25, then rebounded to close down 86 cents at $104.48.
read more... 03/07/2014
Slovak pipeline operator obtains numerous offers to convey gas to Ukraine
Slovak gas pipeline operator Eustream declared on Wednesday numerous transporters presented required offers in the so-called open period for capacity on a pipeline that will convey gas into Ukraine via the European Union.
read more... 03/07/2014