French electricity giant EDF has agreed to curb electricity prices for the country’s most energy-intensive factories to make them more competitive than their counterparts in Germany and North America, where power prices are lower.
read more... 22/07/2014
U.S. utility UGI is to acquire Total's liquefied petroleum gas (LPG) distribution business in France for approximately 400-450 million euros ($545-$613 million), denoting another step in the efforts of the French oil huge conglomerate to get rid of assets in older markets to enhance profits.
read more... 03/07/2014
Crude oil prices plunged slightly on Tuesday as worries about supply disruptions due to the clashes in Iraq and Ukraine attenuated, whereas oil prices gained some support from optimistic manufacturing data in China. Brent crude dropped by 7 cents to close at $112.29 a barrel, the weakest settlement price since June 12, while U.S. oil declined by 3 cents to end at $105.34 a barrel, also the lowest level since June 12.
read more... 02/07/2014
France's GDF Suez and Japan's Toshiba will proceed with plans to expand Europe's largest nuclear power project in northwest England, after finalizing the transaction, according to their joint venture on Monday.
read more... 01/07/2014
France’s Alstom, a world leader in transport infrastructure, power generation and electrical grid, has entered a 51/49 joint venture with Russia’s Soyuz Holding to manufacture and commercialize high voltage switchgear in order to modernize the Russian electrical grid. This agreement follows the memorandum of understanding signed in 2011.
read more... 26/06/2014