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RTE: Cold spell makes France a net power importer for the second straight month

France was a net electricity importer for a second consecutive month in January due to extremely cold weather which drove peak demand to its highest level in five years against the context of low nuclear and hydropower supply, according to grid operator RTE.

read more... 24/02/2017

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Work launched at UK-France power interconnector

The foundation stone for a new power interconnector linking Britain and France was laid yesterday, marking the start of a project which will enable higher levels of renewables in the two countries’ power grids.

read more... 24/02/2017

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Russian giant Rosneft to expand in Libya and Iraq

Russian oil company Rosneft has expanded its activities in the Middle East by signing two oil purchase agreements in Libya and Iraq.

read more... 24/02/2017

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Daily (24.02.2017): Oil pares gains after 7th consecutive rise in crude inventories

Crude oil climbed on Tuesday, but gains were pared after the U.S. government figures indicated a seventh consecutive increase in crude inventories, undermining OPEC’s initiative to cut output.

read more... 24/02/2017

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Siemens awarded a $400 mln order to supply gas turbines to Saudi Arabia

German engineering group Siemens has been awarded an order of around $400 million to supply five gas turbines for a combined heat and power plant being built in Saudi Arabia by South Korea's Doosan Heavy Industries & Construction.

read more... 23/02/2017

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