Latest news
ABB preserves Power Grids unit, makes known about a $3 billion share buyback
ABB declared on Tuesday it was keeping its Power Grids business, declining calls from shareholders who have campaigned for the $11.6 billion division to be detached from the Swiss engineering conglomerate.
read more... 04/10/2016
British minister confident government will approve fracking ahead of crucial permit decision
Communities Minister Sajid Javid is confident that the British government will support fracking just days before a decision on whether to grant a shale gas license in northwest England.
read more... 04/10/2016
France: RTE conglomerate wins Cameroon electricity grid contract
French electricity grid operator RTE declared on Monday that a conglomerate it was leading, alongside PwC and French infrastructure consulting company Nodalis, has been chosen to help get Cameroon's new electricity grid firm operational.
read more... 04/10/2016
Daily: Brent breaks the $50 mark as Iran urges for non-OPEC support
Crude oil prices surged over 1 percent on Monday, with Brent ending the session above $50 a barrel for the first time since August and WTI crude reaching three-month highs after Iranian president urged for other oil producers to join OPEC in stabilizing the market. Brent crude rose by 70 cents, or 1.4 percent, to settle at $50.89 a barrel. It marked its first close above the key $50 mark since August 19. U.S. WTI crude settled up 57 cents, or 1.2 percent, to end at $48.81. Prior to settlement, it rallied to $49.02, its highest level since July 5.
read more... 04/10/2016
Azerbaijan to start gas deliveries to Balkan Gas Hub by 2020
Gas from Azerbaijan’s giant Shah Deniz 2 in the Caspian Sea will enter the Balkan Gas Hub in Bulgaria by 2020, as assured by Azerbaijan’s state oil company SOCAR.
read more... 03/10/2016