France’s ENGIE is likely to join the Russia’s Gazprom Nord Steam II, increasing the number of companies willing to participate in the project.
read more... 05/08/2015
French transmission system operator (TSO) GRTgaz is convinced it will succeed to meet a deadline of late 2018 for the launch of a single French gas market and the EU financing is not a necessary condition to make the project move forward.
read more... 05/08/2015
The largest power generator in Germany RWE envisages slashing its middle-management and to trim by about more than half from its 100 local subsidiaries in order to deal more promptly to the country’s energy sector revolution.
read more... 05/08/2015
Crude oil prices rebounded from multi-month low on Tuesday, spurred by a stock market jump in China, but robust supply and a pessimistic demand outlook slashed the crude’s hike. Brent crude rose by 47 cents, or 1 percent, to settle at $49.99 a barrel. It hit a six-month low on Monday, coming within cents of its 2015 low of $49.19. WTI crude increased 57 cents, or 1.3 percent, to close at $45.74. It plummeted to a four-month bottom of $45.17 the previous session, about $3 from the year low.
read more... 05/08/2015
European wind power capacity grew to a total 129 GW in 2014, according to report recently released by the Joint Research Centre (JRC).
read more... 04/08/2015