Latest news
BP plans to spend over $1bn in Egypt in 2019
BP is planning to spend more than a billion dollars on its assets in Egypt in the coming year. According to Bob Dudley, BP chief executive, the company will spend $1.8 billion in Egypt and an additional $1 billion annually in Abu Dhabi on new discoveries and licensing rounds as it looks to expand its operations in the Middle East.
read more... 16/11/2018
Austria's Verbund Hydro Power sign memo on cooperation
Romanian majority state-owned hydro power producer Hidroelectrica said it has signed a memorandum of cooperation with Austrian utility Verbund Hydro Power.
read more... 25/10/2018
Fortum JV bolsters Russian regional ties
Finnish energy company Fortum and local partner Rusnano have signed a cooperation agreement with the government of Kalmykia to build up to 450MW of wind power in the Russian region.
read more... 12/10/2018
Novatek, Siemens sign LNG cooperation deal
Russia's Novatek and Siemens will team up to cooperate in the LNG sector through a strategic partnership and cooperation agreement they signed during Russian Energy Week in Moscow, Novatek said late on Wednesday.
read more... 04/10/2018
Rostov unit 4 enters commercial operation
Unit 4 of the Rostov nuclear power plant in Russia has entered commercial operation three months ahead of schedule, state nuclear corporation Rosatom has announced.
read more... 02/10/2018