Latest news
Berlin and Brussels close to agreement on green energy rebates
A broad agreement has been reached between the European Commission and German government over the country’s contested rebates to industry from green energy surtaxes, as stated on Monday by sources from German industry and government.
read more... 18/03/2014
TOTAL: 2012 North Sea gas leak might be subject to legal proceedings
British authorities are expected to initiate legal action against Total energy group over a significant gas leak at a North Sea oil rig in 2012, according to the declaration of the French company on Sunday.
read more... 17/03/2014
Dong Energy: wind capacity to be increased to 312MW at Riffgrund
Dong Energy decided to increase the total capacity of its turbines from 277 MW to 312 MW at the Borkum Riffgrund 1 offshore wind farm. The turbines are likely to be upgraded from 3.6 MW to 4 MW.
read more... 17/03/2014
Daily: Brent crude prices settle higher ahead of Crimea referendum
Brent crude oil boosted over $1 on Friday ahead of the Sunday’s vote organized by pro-Moscow authorities, raising concerns that Crimea will chose to join Russia. U.S. crude oil also increased, but not so significantly, with gains being slashed by a surge in supply and weaker demand in U.S. and China, the biggest and second-biggest oil consumers.
read more... 17/03/2014
RWE: oil and gas division likely to be sold to group managed by Russia’s Fridman
RWE, the indebted German utility, intends to sell its oil and gas output division DEA to a group of investors managed by Mikhail Fridman, the Russian magnate. The arm is estimated at almost 5.1 billion euros (or $7.10 billion), counting the debt.
read more... 17/03/2014