The Czech Republic aims to increase the share of nuclear power in its energy mix even as neighboring Germany plans to shut down all of its atomic plants and prices of European electricity hover close to all-time lows.
The U.K. is “extremely close” to announcing a deal with Electricite de France SA to build Britain’s first nuclear power station since 1995, Energy Secretary Ed Davey said.
The heads of 10 of Europe’s biggest utilities called on the European Union to overhaul its energy and climate policies and curb “Robin Hood” subsidies that sap the region’s competitiveness.
France’s constitutional court upheld a ban on hydraulic fracturing, ruling that the law against the energy-exploration technique known as fracking is a valid means of protecting the environment.
Norway’s outgoing petroleum and energy minister said the Barents Sea would see rising activity and resource estimates for years to come.
New World Resources Plc, the largest Czech producer of coking coal, agreed with lenders to amend financial covenants to its revolving credit facility after this year’s record losses.
A French plan to use coalbed methane from defunct northern mines to produce power has been rejected by the regulator because proposed subsidies are too high.
Apache Corp., the U.S. explorer that found Kenya’s first offshore natural gas, will exit the East African nation to focus on projects elsewhere.
Norway may see a series of Arctic oil finds after a well produced crude from a previously unproductive layer of rock, explorer Lundin Petroleum AB said.
Det Norske Oljeselskap ASA, which owns a stake in Norway’s biggest oil discovery in decades, has appointed Karl Johnny Hersvik chief executive officer.