The French government has proclaimed a decree permitting it to impede any foreign takeovers of French firms in "strategic" industries, such as energy, transport, water, telecommunications and health sectors, this way putting up a barrier to General Electric's intended $16.9 billion offer for Alstom's energy assets.
read more... 15/05/2014
Power grids and exchanges in southern and north-western Europe connected markets on Tuesday covering approximately 70 percent of European customers, which will contribute to unified power pricing while diminishing risks of supply.
read more... 14/05/2014
Brent crude rallied on Tuesday on strong U.S. crude and gasoline markets which offset the expectations of a potential rebound in Libyan oil output by 500,000 barrels per day. U.S. crude oil rose jumped over $1 a barrel to hit two-week highs on Tuesday as stocks of U.S. crude oil at Cushing dropped to their lowest levels since 2008 in the week to May 2.
read more... 14/05/2014
Oil and gas explorer Egdon Resources made known about its decision to takeover Alkane Energy's shale gas assets making it Britain's second-biggest shale gas firm.
read more... 14/05/2014
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