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01.06.2016 10:34G7 Nations Agree to Phase Out Fossil Fuel Subsidies by 2025
The G7 nations have for the first time set a deadline for the ending most fossil fuel subsidies, saying government support for coal, oil and gas should end by 2025. The leaders of the UK, US, Canada, France, Germany, Italy, Japan and the European31.05.2016 12:42Rusatom Service Completed Life Extension of Bulgaria’s Kozloduy NPP Unit 5
Russian company Rusatom Service, part of the state-run corporation Rosatom, has completed the project for the extension of the exploitation period of unit 5 of Bulgaria’s Kozloduy NPP, Dimitri Pahevich, first deputy general director of Rusatom27.05.2016 15:10IRENA: 8.1 Million People Now Work in Renewables
More than 8.1 million people worldwide are now employed by the renewable energy industry – a 5% increase from last year – according to a report released today by the International Renewable Energy Agency (IRENA) at its 11th Council meeting.25.05.2016 10:55Scania Links Up with Ericsson to Test 5G Mobile Technology
Scania announced it has become the first company to test the communication giant’s new 5G technology components, as part of a collaboration between Scania and Ericsson Research exploring the use of 5G networks in transport communications. The17.05.2016 16:58Trans Adriatic Pipeline Holds Ceremony to Mark Start of Construction
Under the auspices of Alexis Tsipras, Prime Minister of the Hellenic Republic, the Trans Adriatic Pipeline (TAP) marked the start of construction of the pipeline project. The significance of TAP as a strategic piece of the Southern Gas Corridor17.05.2016 16:16European, Turkish Companies Sue Gazprom Over Long-Term Contracts Gas Price
Five gas companies in Europe and Turkey have filed for arbitration against Russian energy major Gazprom, urging a review of the contracted prices for Russian gas supplies. According to Gazprom’s first quarter report, the companies are Danish17.05.2016 12:45SUEZ extends its contract to supply drinking water to Sydney for 14 years
SUEZ’s contract to operate and maintain the Prospect drinking water treatment plant in Sydney has been extended. With joint venture partner UniSuper1, the contract has been extended for 14 years, from 2021 to 2035, and is valued at approximately16.05.2016 11:17Worldview Hedge Fund Buys Petroceltic
Petroceltic, which has been in Ireland's equivalent of administration since early April, is now to be bought by Worldview International Management, the Irish explorer said May 12. The company has struggled ever since the oil price fell, which led14.05.2016 10:35S&P Downgrades EDF Hybrid Debt to Non-Investment Grade
Standard & Poor's on Friday downgraded EDF's hybrid debt to non-investment grade, which will make refinancing the French utility's EUR 10 billion worth of hybrids complicated. Standard & Poor's lowered its rating on EDF's junior subordinated10.05.2016 11:59Total to Acquire French Battery Maker Saft
Total SA agreed to buy French battery maker Saft Groupe SA in a EUR 950 million deal, ratcheting up investments in clean energy by one of the world’s largest oil companies. Saft will become Total’s “spearhead in electricity storage,”09.05.2016 17:22Greece's Energean Ups Oil Production
Greece’s sole oil producer, Energean Oil & Gas, has stepped up daily production by about 30 percent since early January, it said on Wednesday, as the debt-ridden country seeks to tap into its limited oil reserves. Plunging crude prices09.05.2016 13:26Sarkozy Strikes Balanced Approach to French Shale
Less than a year before the presidential contest and six months before holding its first open primary, Les Republicains, France’s right wing opposition party – led by former president Nicolas Sarkozy who is likely to run again though
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