Latest news
BP plans to make a $1.5 billion investment in Egypt in 2014
BP aims to make a $1.5 billion investment in 2014 to raise its natural gas production in Egypt, affected by an energy crisis after three years of political chaos, according to the state news agency MENA on Sunday.
read more... 12/05/2014
France: Total vends a stake of 30% in Moroccan subsidiary
France's Total has vended a 30 percent stake in Moroccan division Total Maroc to the Saudi Zahid Group for an unrevealed amount and Total Maroc intends to sell another 15 percent stake on Casablanca's bourse, as stated by the company. This could lead to a revitalization of Casablanca's stock market, which has been affected by the crisis in the euro zone and the lack of foreign investors.
read more... 12/05/2014
Shanghai Electric acquires stake in Italian power engineering company
Shanghai Electric Group has decided to acquire 40 percent of power engineering company Ansaldo Energia estimated at 400 million euros ($555 million), turning into the latest Chinese firm to purchase into Italy's economic revival.
read more... 09/05/2014
Climate rules may possibly put at risk oil investment of about $1.1 trillion
Investors might pay out almost $1.1 trillion over the next decade on oil projects and assets that never achieve production if governments implement measures to reduce climate change, according to a report released on Thursday by Carbon Tracker Initiative.
read more... 09/05/2014
Centrica decides to sell UK gas plants, lower 2014 earnings
Britain's Centrica anticipates the company will have lower than predicted earnings in 2014 and decided to vend its three major gas-fired power plants.
read more... 09/05/2014