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Snam wants to increase European role with $5.4 billion gas grid improvement
Italian gas firm Snam will spend above 5 billion euros over the next four years to improve its grid since it seeks to play a significant role in Europe's plans to make gas supplies more secure.
read more... 13/03/2015
Hungary-Russia nuclear agreement hits EU objection
Hungary's plan of 10 billion euro ($10.6 billion) to develop its Soviet-era Paks nuclear power plant in a transaction with Russia has encountered a hurdle in the European Commission that might force Budapest to review the terms, as stated by EU sources on Thursday.
read more... 13/03/2015
Daily: European spot power prices mixed on stronger wind output in Germany, colder weather in France
Brent crude prices declined 2 percent on Monday, dragged down by European Central Bank bond-buying, while U.S. crude boosted 1 percent on a smaller-than-expected increase in stockpiles at the main oil hub at Cushing, Oklahoma, driving to a narrowing gap between the two benchmarks. Brent decreased $1.20, or 2 percent, to settle at $58.53 a barrel, while U.S. crude rose by 39 cents, or 0.8 percent, to close at $50.
read more... 10/03/2015
German utility EWE thinks about sale of stake in gas company VNG
EWE AG, Germany's fifth-biggest utility by sales, is in negotiations to vend its stake in gas company VNG AG, a transaction that could bring 1.3 billion euros ($1.45 billion), as stated by two sources familiar with the deal.
read more... 06/03/2015
Daily: European power prices diverge, with German up and French flat
U.S. oil futures boosted on Wednesday and Brent pared losses as OPEC member Iran announced that it set against a schedule for a freeze of nuclear activities, move that pushed up crude which was dragged down by strong U.S. inventories. U.S. crude rose by $1.01 to settle at $51.53 a barrel, reversing a near $1 decline from earlier in the day. U.S. oil futures boosted on Wednesday and Brent pared losses as OPEC member Iran announced that it set against a schedule for a freeze of nuclear activities, move that pushed up crude which was dragged down by strong U.S. inventories. U.S. crude rose by $1.01 to settle at $51.53 a barrel, reversing a near $1 decline from earlier in the day. Brent decreased 47 cents to close at $60.55 a barrel, after slipping more than $1.50 earlier.
read more... 05/03/2015