Latest news
UK Solar Trade Association unveils rescue plan for renewables
British Solar Trade Association (STA) unveiled an emergency plan to rescue renewables, which it says would add just £1 to consumer bills by 2019, from the £9 a year that clean technology subsidies cost for bill payers.
read more... 19/10/2015
Germany: EnBW to become third largest gas provider after E.ON and Wingas
Germany utility EnBW has inked a deal to acquire a 74% stake in gas firm Verbundnetz Gas Aktiengesellschaft (VNG) from German energy company EWE, for €1.43bn ($1.63bn), becoming the country's third-largest gas provider after E.ON and Gazprom's Wingas.
read more... 19/10/2015
Austria’s OMV to be hit with charges of €1bln due to a collapse in oil prices
Austria’s OMV has revised its oil price assumption for next years and decided to take special charges in the third quarter of the year of around €1billion ($1.1 billion) in its upstream business.
read more... 19/10/2015
Daily: Crude oil prices recover after four days of sharp losses
Crude oil price boosted by around 2% on Friday as traders covered short positions following four days of considerable losses and after Baker Hughes Inc unveiled that U.S. oil rig count plunged for a seventh week in row. U.S. crude rose 88 cents to settle at $47.26 per barrel, down almost 5 percent on the week. Brent for December delivery increased by 73 cents to close at $50.46 a barrel, down about 4 percent on the week.
read more... 19/10/2015
National Grid to cope with tighter power supply this winter despite blackout worries
Britain will manage to guarantee enough electricity and gas in case of winter blackouts, according to the National Grid.
read more... 16/10/2015