Latest news
The European Investment Bank will grant funds for the construction of a gas plant in France
The European Investment Bank and POWEO Toul Production S.A.S, an indirect subsidiary of VERBUND AG, announced they sealed a €165 million finance contract for the building and exploitation of a 413 MW Combined-Cycle Gas Turbine (CCGT) power plant at Toul, in Eastern France.
read more... 18/03/2011
Enel plans to invest in Russian assets by 2015
According to Enel declarations, the Italian group is ready to invest a considerable amount, of 1 billion euros ($1.4 billion), in Russian assets during 2011-2015. This investment envisages enhancing the quality of production capacities.
read more... 17/03/2011
Royal Dutch Shell to raise investments in 2011-2014
Royal Dutch Shell will reveal its long-term investment plans on Tuesday on exploration and production amid gloomy oil market outlook due to lasting turmoil in the Arab countries.
read more... 15/03/2011
ENI may not be able to pay for Gazprom’s gas
According to French investment bank, Societe Generale, the Italian oil and gas company, Eni may refuse to pay Russia for LNG if the gas flow from the Libyan pipeline will stay shut for a long time.
read more... 02/03/2011
PetroChina to invest $5.4 billion in Canadian natural gas field
PetroChina Ltd., the largest gas and oil producer from China, decided to purchase a 50 percent stake of a shale gas project from Canada’s Encana Corp for $5.4 billion, making the biggest ever investment in Canada’s natural gas asset.
read more... 11/02/2011