Latest news
Poland: gas company PGNiG will be listed on bourse
The Polish government will maintain listed on the stock market its leading gas distribution company PGNiG, in spite of proposals it should be nationalized and removed because of its strategic importance, as stated by Deputy Treasury Minister Wojciech Kowalczyk.
read more... 07/07/2014
Romania: Transelectrica plans to invest 5.3 billion lei by 2023
Romanian state-owned power grid operator Transelectrica intends to make an investment of 5.3 billion lei ($1.65 billion) to improve its power network by 2023, as stated by the company on Thursday.
read more... 04/07/2014
Daily: Oil crude prices plunge on oil crisis end in Libya
Both crude oil benchmark contracts dropped on Thursday as supply worries started to attenuate after Libyan government has reached a deal with rebels to end the oil crisis that has curbed exports from the OPEC member. Brent hit a session low of $110.53 before paring losses ahead of the settlement. U.S. oil slipped 42 cents to close at $104.06 a barrel, after plunging as low as $103.67 earlier in the session, posting a three-week low.
read more... 04/07/2014
Oil major Total starts Edradour gas fields expansion
French oil major Total decided to expand the Edradour gas field, in the West of Shetland region, after negotiating less elevated prices with contractors, as well as purchasing a 60 percent stake in the adjacent Glenlivet field, according to the company on Thursday.
read more... 04/07/2014
GDF Suez: Mirfa electricity and water agreement signed in Abu Dhabi
French utility GDF Suez declared it signed a power and water accord with the Abu Dhabi Water and Electricity Company for a period of 25 years, since it aims to capitalize on increasing demand in the area.
read more... 04/07/2014