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Portugal: EDP vends several Spanish gas assets for 236 million euros
EDP-Energias de Portugal Spanish division Naturgas decided to vend natural gas distribution assets in three Spanish districts to Redexis, a holding firm of Goldman Sachs Infrastructure Partners, for 236 million euros ($295 million), as stated by EDP on Tuesday.
read more... 17/12/2014
Daily: Crude oil prices tumbled 3% to five-year lows on IEA pessimistic forecasts
Crude oil markets declined 3 percent or more to tumble to a fresh five-year low on Friday on IEA’s forecast for even weaker oil prices, lower demand and robust supply in 2015. Benchmark Brent oil ended at below $62 a barrel and U.S. crude tumbled to under $58 to prolong Thursday’s decline below $60. Brent decreased $1.83, or nearly 3 percent, at $61.85 per barrel. It slumped to $61.35 during the session, the weakest level since July 2009. WTI crude slipped $2.14, or 3.6 percent, to close at $57.81. It dropped earlier to $57.34, its lowest since May 2009.
read more... 15/12/2014
Czech company EPH struggles for E.ON’s Italian assets
Privately-held Czech energy group EPH would like to acquire several Italian assets put on sale by German utility E.ON, potentially pitting it against France’s EDF in a 2 billion euro ($2.5 billion) battle, as stated on Thursday by two sources familiar with the situation.
read more... 12/12/2014
CEZ: earnings in decline due to sector modifications
Czech power producer CEZ will make lesser profits in the future since it gets used to changes in the industry, as stated by its CEO in an interview published on Saturday in a newspaper.
read more... 08/12/2014
Germany’s CO2 targets will reduce demand for certificates
Germany's new, lower objectives for CO2 emissions will further reduce demand for carbon permits and destabilize Europe's already dysfunctional emission trading system, as stated by the EU's new energy official to a German newspaper.
read more... 08/12/2014