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EDF to sell a 49% stake in power grid unit RTE
French utility EDF has unveiled it launched exclusive negotiations with Caisse des Dépôts and CNP Assurances to form a long-term partnership for the development of RTE.
read more... 29/07/2016
Statoil acquires Petrobras assets in Carcará oil finding for $2.5 billion
Norwegian oil major Statoil ASA declared on Friday it had decided to acquire Petrobras' 66% operated interest in the BM-S-8 offshore license in Brazil's Santos basin for $2.5 billion.
read more... 29/07/2016
Daily: U.S. crude hits the largest monthly loss in a year pressured by oversupply concerns
Crude oil prices closed down nearly 2 percent on Thursday, attaining the lowest level since April and with U.S. crude poised to hit the largest monthly loss in a year, on intensifying worries about crude oversupply. U.S. crude's West Texas Intermediate (WTI) futures fell 78 cents, or 1.9 percent, to settle at $41.14 a barrel. WTI earlier dipped to $41.04, its weakest since April 20. Brent crude futures declined 77 cents, or 1.8 percent, to close at $42.70, after slipping earlier to $42.56, the lowest since April 18.
read more... 29/07/2016
Europe predicts $15.3 billion investment in offshore wind at half-year mark
The European offshore wind power industry attracted a record $15.3 billion (EUR 14 billion) in new investments during the first six months of 2016, but the manager of WindEurope stated cost decrease remains imperative.
read more... 28/07/2016
Royal Dutch Shell: Quarterly earnings plummet over 70%, challenged by low oil and gas prices
British oil major Royal Dutch Shell reported a sharp drop in its quarterly profits, down by more than 70%, below analysts’ expectations.
read more... 28/07/2016