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Daily: European spot power prices spurred by tight thermal capacity, healthy demand
U.S. crude futures posted a modest fall on Friday after U.S. government data on Wednesday showed a drop in crude supplies last week for the first time since late March, even if total supplies are still at record highs. Meanwhile, Brent crude inched down as traders were pending for further developments in the Ukrainian crisis.
read more... 12/05/2014
Greek power grid company – point of interest for Chinese, Italian investors
Greek power grid operator ADMIE is point of interest for five companies since the government plans to vend a controlling stake, as stated on Friday by the utility PPC controlled by state.
read more... 12/05/2014
BP plans to make a $1.5 billion investment in Egypt in 2014
BP aims to make a $1.5 billion investment in 2014 to raise its natural gas production in Egypt, affected by an energy crisis after three years of political chaos, according to the state news agency MENA on Sunday.
read more... 12/05/2014
France: Total vends a stake of 30% in Moroccan subsidiary
France's Total has vended a 30 percent stake in Moroccan division Total Maroc to the Saudi Zahid Group for an unrevealed amount and Total Maroc intends to sell another 15 percent stake on Casablanca's bourse, as stated by the company. This could lead to a revitalization of Casablanca's stock market, which has been affected by the crisis in the euro zone and the lack of foreign investors.
read more... 12/05/2014
Shanghai Electric acquires stake in Italian power engineering company
Shanghai Electric Group has decided to acquire 40 percent of power engineering company Ansaldo Energia estimated at 400 million euros ($555 million), turning into the latest Chinese firm to purchase into Italy's economic revival.
read more... 09/05/2014