Latest news
Siemens: 150 wind turbines totaling 600 MW to be provided to Gemini plant
The Dutch Gemini offshore wind farm project signed an agreement with a conglomerate run by Siemens estimated at 3 billion euro ($4.1 billion) for the construction and services, offering the German engineering group its major ever energy services deal.
read more... 16/05/2014
Daily: European carbon allowances hit a 5-week low on speculative selling
Front-month Brent crude futures rallied on Thursday, hitting the highest settlement price since March, while U.S. crude prices slipped, breaking a range of three consecutive higher settlements.
read more... 16/05/2014
Austria: personal gas aspirations aided to keep Russian pipeline safe
Gazprom's South Stream pipeline project has been saved by Austria last month in order to bring its own gas from the Black Sea, according to a source. This would be the first time the Russian gas exporter has consented to a rival’s gas access to its pipelines.
read more... 15/05/2014
France published a decree to impede foreign takeovers of strategic companies
The French government has proclaimed a decree permitting it to impede any foreign takeovers of French firms in "strategic" industries, such as energy, transport, water, telecommunications and health sectors, this way putting up a barrier to General Electric's intended $16.9 billion offer for Alstom's energy assets.
read more... 15/05/2014
Daily: European spot power prices rebound amid weak renewable power output
Oil prices increased across both sides of continent on Wednesday, pushed up by a draw on U.S. crude inventories at the Cushing, Oklahoma, crude oil delivery hub, while gasoline stockpiles drove Brent and U.S. crude to the three weeks highs.
read more... 15/05/2014