Swedish Vattenfall cancels the sale of Germany’s Gasag

10/05/2010 11:35 Natural Gas


Swedish utility Vattenfall and German peer E.ON announced that they cancel the sale process of their joined participation in Gasag, the eastern German gas supplier, as consequence of its weak bid.

German daily Berliner Zeitung said that these companies would like to gain 800 million Euros ($1.1 billion) for the 69% share owned by them. According to Reuters, the last bids for Gasag were estimated at 725 million Euros, excluding its dept. In this business areas were interested companies such as Thuega, a German municipal-utility and GDF Suez, a French utility. The last one is ready to buy E.ON's 37% share in order to increase its participation to a majority.

20 Fossil Fuel Companies Generate One Third Of All Global Emissions

10/10/2019 16:26:00

New data compiled by the United States-based Climate Accountability Institute and revealed by the Guardian confirms what many already know: at the core of the climate crisis is the fossil fuel industry. The crucial finding from the analysis is that 20 oil, gas and coal companies can be directly linked to over one third of all energy industry greenhouse gases in modern history. Despite knowing the destruction and dangers their activities pose to our planet and people, fossil fuel companies have been driving climate change and hold the key to avoiding impending disaster. What this points to is the urgent need for divestment, in spite of skepticism amongst some leaders.


BP, Shell among bidders in $800 million Brazilian oil auction

10/10/2019 16:18:00

BP Plc, Chevron Corp and Royal Dutch Shell Plc are among the companies that will compete for exploration and production rights off the Brazilian coast on Thursday, in the first of three oil bidding rounds scheduled for coming weeks.


Poland plans to triple solar energy capacity this year

10/10/2019 13:03:00

Poland, which generates most of its electricity from coal, is planning to triple its solar energy capacity this year, Prime Minister Mateusz Morawiecki told Polish radio on Wednesday.