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BP inks $12 billion energy agreement in Egypt

Oil firm BP has inked a deal to make an investment $12 billion in Egypt that will produce 3 billion barrels of oil equivalent, as stated jointly by the company and the government on Saturday.

read more... 16/03/2015

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Finland’s Fortum will sell Swedish electricity grid for $6.9 billion

Finnish utility Fortum has decided to sell its Swedish power distribution business to a conglomerate comprising Canada's Borealis for approximately 6.6 billion euros ($6.9 billion), finalizing its withdrawal from Nordic electricity grid assets.

read more... 16/03/2015

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Snam wants to increase European role with $5.4 billion gas grid improvement

Italian gas firm Snam will spend above 5 billion euros over the next four years to improve its grid since it seeks to play a significant role in Europe's plans to make gas supplies more secure.

read more... 13/03/2015

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Hungary-Russia nuclear agreement hits EU objection

Hungary's plan of 10 billion euro ($10.6 billion) to develop its Soviet-era Paks nuclear power plant in a transaction with Russia has encountered a hurdle in the European Commission that might force Budapest to review the terms, as stated by EU sources on Thursday.

read more... 13/03/2015

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Daily: Crude oil prices tumble on strengthening dollar, build in U.S. crude inventories

Crude oil prices eased on Thursday, capped by strengthening dollar and a build in U.S. crude stockpiles at the delivery point for the U.S. crude contract. Brent declined 46 cents, or nearly 1 percent, to close at $57.08. WTI crude dropped $1.12, or 2.3 percent, to settle at $47.05 a barrel. Brent's premium to U.S. crude extended by more than $1 to above $10 a barrel on Thursday, touching a near one-week high.

read more... 13/03/2015

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