Latest news
Siemens approaches Emerson to acquire network electricity unit
Siemens AG has approached Emerson Electric Co to explore purchasing the network electricity business that the U.S. factory automation equipment manufacturer is looking to shed for as much as $4 billion, as stated by people familiar with the matter.
read more... 05/04/2016
Romania's largest electricity producer to exit insolvency by May
Romanian state-owned electricity producer Hidroelectrica hopes to finally exit its insolvency process by next month, and intends to vend a minority stake in an initial public offering by November, as stated by its manager on Sunday.
read more... 04/04/2016
Fortum and Veolia will enter the bidding for EDF's Polish assets
Fortum and Veolia will join the bidding for French utility EDF's Polish heating assets, as stated in the newspaper Puls Biznesu on Friday.
read more... 04/04/2016
Fluxys abandons plans to acquire a 17% stake in Greek gas grid operator DESFA
Belgium’s Fluxys has given up plans to purchase a stake in Greece’s natural gas grid operator DESFA from Azeri company, SOCAR.
read more... 04/04/2016
Daily: Crude oil prices plunges 4 %, dragged down by Saudi Arabia intransigence
Crude oil prices fell about 4 percent on Friday, after a Saudi prince declared that the kingdom will not freeze output without Iran and other major producers and figures shown the global crude oversupply was expected to increase. Brent crude for June delivery declined $1.68, or 4.1 percent, to settle at $38.67 a barrel. It lost 3 percent for the week. U.S. crude's front-month fell $1.55, or 4 percent, to close at $36.79. It tumbled 7 percent on the week.
read more... 04/04/2016