German utility RWE is envisaging restructuring its business, spinning out of renewable energy, grids and retail business areas into new subsidiary. It is to be listed on the stock market in late 2016.
read more... 02/12/2015
Vestas will provide EDF Renewable Energy with 201MW for an unspecified wind farm in the USA.
read more... 02/12/2015
Brent crude futures ended lower on Tuesday on expectations that OPEC will not reduce output, continuing to pumping crude at record levels to defend market share against non-member oil producers such as the United States and Russia. Brent crude declined 17 cents, or 0.4 percent, to settle at $44.44 a barrel. U.S. crude's WTI futures boosted 20 cents to close at $41.85.
read more... 02/12/2015
Italian player Snam has unveiled it agreed to purchase a 20% stake in the Trans Adriatic Pipeline (TAP) from Norway's Statoil.
read more... 01/12/2015
Crude oil declined on Monday, reversing a previous hike following the release of a survey which estimated higher OPEC production in November, while a stronger dollar dragged down the demand for commodities denominated in the currency. Brent crude futures eased 25 cents, or 0.6 percent, to settle at $44.61 a barrel. WTI futures fell 6 cents to close at $41.65, down from a session high at $42.61.
read more... 01/12/2015