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France to invest billions to develop renewable energy projects in Africa
France envisages spending a total of 2 billion euros in renewable energy in Africa in 2016-20, a 50% increase in comparison with the last five years, according to the French President François Hollande.
read more... 11/12/2015
Daily: Crude oil prices end under $37 for the first time since 2009
Crude oil prices settled under $37 a barrel on Thursday for the first time since 2009 following the release of a report from OPEC’s indicating a hike in crude oil production in November to the highest monthly level in three years. On the New York Mercantile Exchange, West Texas Intermediate crude for January delivery slipped 40 cents, or 1.1%, to end at $36.76 a barrel. Brent crude for January delivery on London’s ICE Futures exchange eased 38 cents, or 1%, to hit $39.73 a barrel.
read more... 11/12/2015
Bulgaria and Greece ink agreement to begin constructing gas pipeline
Bulgaria and Greece on Thursday inked a final investment deal to construct a natural gas pipeline to aid Sofia reduce its almost complete dependence on Russian gas supplies.
read more... 11/12/2015
Engie will vend thermal plants in U.S.
French gas and electricity conglomerate Engie intends to announce the sale of its thermal power generation plants in United States, and others might follow, as reported in the financial daily Les Echos.
read more... 11/12/2015
Europe to connect 3.1GW of offshore wind capacity by the end of 2015
Europe is expected to add about 3.1 GW of offshore wind capacity by the end of 2015, with total global grid-connected offshore wind capacity standing at 12.4 GW, according new analysis released by MAKE Consulting.
read more... 10/12/2015