Will Kennedy News
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The three oil producers under investigation by the European Commission for manipulating oil prices are being sued in a class-action lawsuit in the U.S.
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Short interest in Vestas Wind Systems A/S, the wind turbine maker with the most installed capacity, fell to its lowest in more than 2 1/2 years, Markit data on Bloomberg show.
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Suez Environnement will remain a “spectator” to talks on the future of Saur as it has no interest in acquiring France’s third-largest water utility, according to Chief Executive Officer Jean-Louis Chaussade.
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Russia plans to switch from a flat rate of tax on natural gas producers to a formula that takes into account energy prices and the difficulty of extracting the fuel, according to a draft released today.
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EON SE, Germany’s largest utility, and seven European peers demanded policy changes in the energy industry to ensure sufficient investment in future supply.
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Turkey, which gets almost all of its energy from abroad, will debate a bill today that seeks to lure foreign companies to explore for oil and gas by ending the preferential treatment of state-run TPAO Turkiye Petrolleri AO.
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Developing U.K. shale could cut the nation’s gas import bill in half and create thousands of jobs, according to a report by the Institute of Directors.
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Electricite de France SA, Europe’s biggest power generator, is in exclusive talks to sell a 49 percent stake in a Slovakian electricity distributor for about 400 million euros ($514 million), EDF said in a statement today.
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Royal Dutch Shell Plc is unlikely to proceed with the planned disposal of its holding in Australia’s Woodside Petroleum Ltd. this year as it refuses to sell too low.
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Royal Dutch Shell Plc Chief Executive Officer Peter Voser said it’s too early to speculate about the European oil-price fixing probe and the company is committed to the “highest standard of corporate behavior.”
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