Latest news
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
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
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
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
Two exploration wells in east Ukraine have been abandoned by Shell
Royal Dutch Shell has dropped two natural gas exploration wells in eastern Ukraine after they were considered inefficient, as stated by the oil major on Thursday.
read more... 13/03/2015