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Gamesa and Siemens in negotiations to create wind power world leader
German engineering company Siemens and Spanish renewable energy conglomerate Gamesa are envisaging a transaction that could form the world's largest wind power business, the Spanish firm declared on Friday.
read more... 01/02/2016
Poland: PGNiG anticipates Norway gas pipeline connection by 2022
Polish gas firm PGNiG's plan to construct a pipeline between Poland and Norway to cut its reliance on Russia is likely to launch a few billion cubic metres (bcm) of yearly gas capacity by 2022, it declared on Thursday.
read more... 01/02/2016
Oil futures rose on supply cut discussions
Global benchmark Brent crude futures increased on Friday, heading about 8 percent higher so far this week and set for a second weekly gain, stimulated by hopes of an agreement among oil-producing countries to tackle a growing oversupply.
read more... 29/01/2016
Areva plans 5 billion euro capital raise
French nuclear conglomerate Areva announced it plans a 5 billion euro capital raise to reestablish its finances and declared it anticipates the intended takeover of its reactor unit by fellow state-owned utility EDF to be completed in 2017.
read more... 29/01/2016
Turkey working on natural gas price reduction
Turkey is working to reduce the price of natural gas for domestic clients, the energy minister declared on Wednesday, in a move expected to be greeted by users who are fighting with increasing inflation.
read more... 29/01/2016