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Partners to sign for Norwegian-German electricity cable of 1.5-2 billion euro
Norwegian and German power grid firms and Germany's development bank KfW should make the final investment decision on a 1.5-2 billion euro ($1.7-2.3 billion) power cable between the two countries on Tuesday, as stated by associates.
read more... 10/02/2015
Germany may require electricity backup scheme beyond 2017
Germany is not developing electricity transport networks fast enough and may require to extend a backup power scheme beyond its planned expiry in 2017, as stated by the country's energy regulator on Monday.
read more... 10/02/2015
Italy’s Edison suspends negotiations to acquire two Israeli gas fields
Italy's Edison is reexamining the purchase two Israeli gas fields because of increasing regulatory insecurity and talks have already been suspended, as stated by a source at the company.
read more... 10/02/2015
Daily: Crude oil prices rally for the third consecutive day on OPEC forecasts for larger crude demand
Crude oil rebounded for a third consecutive session on Monday on OPEC’s forecasts for stronger demand for this year than previously thought and on expected lower supply from countries outside the producer cartel. Benchmark Brent oil futures rose by 54 cents, or nearly 1 percent, to close at $58.34 a barrel, after jumping to $59.61 at one point. WTI crude futures increased by $1.17, or 2.3 percent, to close at $52.86 after a session peak at $53.99.
read more... 10/02/2015
France demands EDF for tax transparency in foreign operations
The French government has required state-owned utility EDF to be clear about its foreign operations to guarantee that none were established to avoid taxes, as stated by the finance ministry on Sunday.
read more... 09/02/2015