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Dutch Gasunie: Fluxys and OGE potential shareholders
Belgian pipeline operator Fluxys and Germany's Open Grid Europe (OGE) are seen as potential shareholders of Dutch Gasunie whether the parliament permits cross-shareholdings for network operators, as stated by Han Fennema, Gasunie's chief executive, on Wednesday.
read more... 20/03/2014
TNK-BP to be involved in $31 bln long-term gas deals
The shareholders of two generating companies controlled by billionaire Viktor Vekselberg's Integrated Energy Systems Holding (IES) - Volga TGK and TGK-9 are envisaging signing contracts in December with TNK-BP's SL Trading for gas supplies worth up to $31 billion in the period to 2030, according to statements from the power companies.
read more... 13/11/2012
Construction of Nabucco pipeline may be completed by 2018
Construction of the Nabucco natural gas pipeline to transport gas from the Caspian region to Europe may start in 2015 and could be completed by 2018, said OMV, one of the Nabucco operators at the annual shareholder meeting.
read more... 14/05/2012
EDF to boost its stake in Edison
The French electricity company EDF has inked a deal with Italian shareholders that will give it majority control in Edison, Italy’s second-biggest power supplier. Edison, which has a market value of about 4 billion euros (5.2 billion U.S. dollars), is now controlled by EDF and a group of Italian investors led by regional utility A2A, which hold their stakes through holding company Delmi. EDF unveiled in a statement that the preliminary agreement included the acquisition of Edison by EDF and the acquisition of Edipower by A2A.
read more... 30/12/2011
BP to change its strategy on lower production
The British oil giant, BP announced its decision to sell off some $15bn (£9bn) of its assets following the Gulf of Mexico spill which took place last year, as BP engaged to pay increased returns to shareholders and to boost cash flow by 50% by 2014.
read more... 26/10/2011