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10.08.2011 09:28

Europe’s Biggest Gas Storage Project Delayed for Environmental Reasons

Europe’s biggest gas storage project at the Dutch Bergermeer field will not be ready for use in 2014 as planned. The delay is caused after a court ruled that the work at the site must stop because of environmental fears, Reuters reports. Abu
10.08.2011 08:48

Eni Will Get 900 Million EUR for Gas Pipelines

The Italian oil and gas group Eni may raise up to 900 million EUR from the sale of stakes in two gas transport pipelines. The buyer is the Belgian company Fluxys. The deal, which had been valued by some analysts at between 700 million and 800 million
09.08.2011 14:31

The Obama Administration to Set New Fuel Economy Standards for Heavy Vehicles

The Obama administration finalized today the first ever fuel efficiency and emissions standards for commercial trucks, vans and buses, which is expected to save owners $50 billion in fuel costs over four years, according to a Reuters report. The
09.08.2011 08:35

RWE Appoints Peter Terium as Its Next CEO

RWE appointed Peter Terium as chief executive from next year and said it aimed to raise 2.5 billion euros by increasing its capital and selling treasury shares, Reuters reports. Terium will replace Juergen Grossmann from July 1, 2012, taking over
08.08.2011 16:16

GDF Suez Plans Alliance with Chinese Investment Corporation

The French energy company GDF Suez plans to form an alliance with China Investment Corporation (CIC) in order to expand in the Asia-Pacific region, according to a report in Les Echos newspaper, cited by Reuters. The deal will see the Chinese sovereign
08.08.2011 11:43

Vattenfall Will Prove the Viability of Refined Wood Pellets

Thermally treated wood pellets is a promising type of biomass which can be used for cost effective co-firing in existing coal power stations, a message from Vattenfall claims. The fuel handling properties alone are enough to make refined wood pellets
08.08.2011 08:47

UK Energy Suppliers Raise Prices

German utility giant E.ON on Friday was the latest of several energy suppliers to announce a sharp increase in its UK retail power and gas rates, Reuters reports. Gas tariffs for its customers will rise 18.1% and electricity prices will increase
05.08.2011 11:01

Veolia to Leave 37 Countries

Veolia Environnement SA (VIE) will stop operations in at least 37 countries as Chairman Antoine Frerot accelerates a restructuring plan to restore profit at the world’s largest water company.   The Paris-based utility, which supplies
05.08.2011 09:55

CEZ Has Problems Collecting from Romanian Rail Company

The Romanian company of CEZ - CEZ Vanzare, has problems collecting its debt owed by the state-owned railway company CFR. The energy company warned the unpaid bills would deter investment, country manager Jan Veskrna said on Thursday, cited by Reuters.
04.08.2011 13:57

GE and Prowind GmbH to Build Four Wind Farms NE of Romania

A 300 megawatt grid connection agreement between Romania’s Transelectrica, and a joint venture between GE and German wind farm developer Prowind GmbH, will pave the way for Prowind, a renewable energy provider, to build four wind farms in northeastern
03.08.2011 11:16

EBRD Supports Power Sector Efficiency in Serbia

The EBRD is helping Serbia take a further step towards cleaner energy production by co-financing a modernisation programme at the country’s largest electricity generating company EPS.   The Bank’s Board of Directors has approved
02.08.2011 13:27

EU Offshore Wind Power: Solid Growth in First Half of 2011

The European Wind Energy Association (EWEA) today published offshore wind energy statistics for the first half year of 2011, showing a comfortable 4.5% increase in installations of offshore capacity compared to the first half of 2010.   101
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20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
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