Latest news
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
Statoil to lay off up to 1,500 permanent employees amid crude oil price collapse
Norway’s state-controlled Statoil envisages cutting its workforce between 1,100 and 1,500 by end of 2016 as an effort to standardise, simplify and increase efficiency across the company.
read more... 17/06/2015
French lawmakers reinstate nuclear reduction goal, decisive vote in July
The lower house of parliament in France ratified a version of the nation's energy transition law on Tuesday that reinstates main nuclear reduction targets diluted in March by the upper house Senate controlled by the Opposition.
read more... 27/05/2015
Russia: Gazprom will cut 2015 Capex by approximately $8 billion
Russia's state-controlled Gazprom declared on Tuesday it would cut its capital expenditure this year by approximately $8 billion to $30 billion since political and market expansion formed a tough business environment.
read more... 03/02/2015
Poland is eyeing creating state electricity conglomerate
Poland is eyeing merging its four biggest utilities into two companies to consolidate state-controlled power producers to help them compete with larger European rivals, while supporting the country’s dwindling coal industry, according to Treasury Minister Wlodzimierz Karpinski.
read more... 15/01/2015