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 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
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
Britain will manage to guarantee enough electricity and gas in case of winter blackouts, according to the National Grid.
read more... 16/10/2015
Plans by the ex-Soviet republic of Georgia to build a major hydropower plant aiming to turn into an energy exporter obtained a $673 million financing from the Georgian Co-Investment Fund (GCF), as stated by the fund on Thursday.
read more... 16/10/2015