Latest news
Italy could face an additional cost of about €1 bn for energy
After the last week conflict in Algeria, when Islamic militants attacked a complex controlled by BP PLC, Norway's Statoil ASA and Algeria's state energy company Sonatrach, Italy could face an additional cost of almost 1 billion euro (£839m) per year for energy, because of the interruption of Algerian gas supplies.
read more... 25/01/2013
French government to compensate EDF for a renewable tax deficit
The French government agreed on Monday to pay state-controlled power utility Electricite de France SA (EDF) €4.9 billion ($6.57 billion) in order to compensate costs related to the purchasing of electricity generated by renewable sources and subsidies for electricity sold to the poor, move that increased EDF's shares by about 5%.
read more... 15/01/2013
EDF unveils a sharp rise in costs for Flamanville nuclear reactor construction
French state-controlled power giant Electricite de France (EDF) announced that it will increase costs for the nuclear reactor it is building in Flamanville, northern France to €8.5 billion ($10.6 billion).
read more... 07/12/2012
Statoil shuts Troll C platform, hitting 120,000 barrels per day oil output
Norwegian energy giant Statoil has recently shut its significant Troll C oil and gas platform in the North Sea because of corrosion found in the auxiliary system for gas treatment, slashing Norway’s oil production by around 8 percent.
read more... 16/11/2012
Poland extended the deadline for shale gas exploration projects
On Monday, five state-controlled Polish companies announced that they have extended the deadline on shale gas cooperation, to February 4th of next year, after they had originally set an early November date to expose all the details.
read more... 13/11/2012