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GDF Suez wants to double its renewable installed capacity in Europe
GDF Suez, one of the industry leaders in renewable energy investment, plans to double its power generation capacity from renewable sources in Europe over the next decade and wants to focus particularly on marine energies.
read more... 14/01/2015
Debt-crippled RWE slashes investments in renewable energy business
RWE Innogy, the renewable branch of Germany’s No.2 utility RWE, plans to slash its investments in renewable energy business to 1 billion euros ($ 1.2 billion) between 2015 and 2017 amid a crisis in the power sector which has triggered an accumulated debt of 31 billion euros ($36.7 billion).
read more... 13/01/2015
Poland considers energy sector tie-ups to enhance investment
The Polish government would want to see a consolidation of the country's energy sector so as to increase its investment potential, as stated by Treasury Minister Wlodzimierz Karpinski on Thursday.
read more... 09/01/2015
Daily: Crude oil prices fell after a volatile trading
Brent crude oil declined by a dollar on Friday following a day of nervous trading despite expectations of fresh investments in 2015, as strong mid-day hikes in crude oil vanished. Brent dropped 91 cents to close at $56.42 a barrel. Previously, it hit a post-2009 low of $55.48, having averaged around $110 a barrel between 2011 and 2013. U.S. crude for February delivery eased 58 cents a barrel to close at $52.69, before a constant 50-cent drop post-settlement.
read more... 05/01/2015
Poland: PGNiG intends to make an investment of about 50 billion zlotys by 2022
Poland's leading gas group PGNiG intends to make an investment of about 40-50 billion zlotys by 2022 in organic development and purchases since it desires to respond to unfavorable regulations with increased upstream operations and other activities, as it stated on Monday.
read more... 02/01/2015