Latest news
OMV puts up for sale a 30% stake in UK North Sea Rosebank project
Austrian oil and gas company OMV envisage selling a 30% stake in the Rosebank oil and gas project in the British North Sea, as it aims cutting its budget to struggle with weakening oil prices.
read more... 30/07/2015
EDF will purchase 51 to 75% of Areva reactor unit
French state-controlled utility EDF declared on Thursday it will acquire between 51 and 75 percent of the reactor unit of nuclear conglomerate Areva based on an estimate of 2.7 billion euros ($2.96 billion) for the entire unit.
read more... 30/07/2015
Daily: European spot power prices decline on higher wind output expectations
Crude oil futures settled higher on Wednesday on bullish stockpiles report from the Department of Energy and after Dow Jones indicated that Saudi Arabia would retreat its production after the summer. U.S. crude for September delivery rose by 81 cents to close at $48.79 a barrel Wednesday after soaring as much as 2.5 percent from six-month lows earlier in the session. Front-month Brent futures increased by 6 cents at $53.36 a barrel, having recovered from an intraday low of $52.51.
read more... 30/07/2015
Germany’s renewable power hits a new record
Germany’s renewable electricity surpassed the old record of 74 percent on July 25, hitting 78 percent of the day’s energy demand, spurred by windy weather in the north where Germany has most of its wind turbines installed and by sunny weather in the south.
read more... 29/07/2015
SSE decides to acquire 20% stake in Total’s Shetland project
SSE has decided to buy a 20 percent stake in Total's Laggan-Tormore gas field and plant for 565 million pounds ($881 million), plus an estimated investment of 350 million pounds to 2018, as stated by the British utility on Wednesday.
read more... 29/07/2015