France’s EDF envisages to take stake in Areva

27/03/2015 00:00 Electricity Market


French energy conglomerate EDF is thinking about taking a stake in struggling nuclear power group Areva, as reported by business daily Les Echos.

Framatome was the former name of the firm's reactor construction activity. Both EDF and Areva refused to comment. Areva, which is 87 percent possessed by the French state, is intending to draw up a plan by July that should embrace partnerships and a capital raise. The French government has no plans to unify EDF and Areva but the two state companies could fake an industrial cooperation and EDF may think about a capital investment in Areva's reactor business, as declared by Economy Minister Emmanuel Macron.

Daily (04.08.2020): Oil prices added near 2% on Monday amid upbeat economic data

04/08/2020 10:52:00

Crude oil futures ended higher on Monday after a session start in the red as the rise in production from OPEC+ members came into effect, adding to the virus woes. However, oil prices got a boost from positive manufacturing and industrial data across the United States, Europe, and Asia. Hence, Brent crude soared by 63 cents, or 1.5%, to settle at $44.15 a barrel. U.S. WTI crude rose by 74 cents, or 1.8%, to end at $41.01 a barrel.


Shell wraps up acquisition of carbon farming company

04/08/2020 09:42:00

Environmental services company Select Carbon specialises in developing projects which aim to increase carbon capture in plants or soil and reduce Australia’s emissions


Russia Seeks Additional $1.9 Billion In Taxes From Oil & Gas

04/08/2020 09:33:00

Russia’s finance ministry is looking to raise as much as US$1.93 billion (143 billion Russia rubles) in taxes from the oil industry over the next two years, as the oil price crash has shrunk Russia’s key revenue stream—oil.