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Tag Archives: European Commission

Vattenfall gets EU green light to sell German coal assets

Wyoming coal

BERLIN (AP) — Energy company Vattenfall AB says it has received approval from the European Commission to sell its loss-making coal assets in Germany. The Swedish state-owned company said Thursday that it expects the transfer to Czech energy company EPH and private equity group PPF Investments to be completed in the coming weeks. The assets include four active mines and ...

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Global energy leaders look to nitty gritty of climate accord

SAN FRANCISCO (AP) — Energy leaders from countries that pump out 75 percent of the world’s climate-changing emissions talked Thursday on the nitty-gritty of putting last year’s Paris climate accord into action, including funding the needed global technology overhaul. The annual gathering of energy leaders representing 23 countries and the European Commission was one of their first since December, when ...

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Greece sees gas grid deal with Azeri SOCAR progressing

ATHENS – Azerbaijan’s state-owned oil company SOCAR had confirmed its interest in acquiring a stake in Greek gas grid operator DESFA, with a deal possible by the end of the year, Greece’s privatization agency said on Wednesday. The potential deal, which has been negotiated since 2013, would involve SOCAR buying a 66 percent stake in DESFA for around 400 million ...

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DOJ review of Halliburton and Baker Hughes deal extended

The mega-merger between the world’s second and third largest oil field service companies will grant U.S. antitrust regulators additional time to review the deal. The two companies, Halliburton and Baker Hughes, have entered into a timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ). The review process of the merger, valued at $34.6 billion, will be ...

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Multi-billion dollar merger awaits European Commission approval

Siemens’ $7.6 billion deal to acquire Houston-based Dresser-Rand Group, which was announced in September 2014, is not going as smoothly as expected. Siemens, a German industrial company, is having difficulty receiving approval from the European Commission, the European Union’s executive body. According to the Houston Business Journal, the European Commission said it has opened an in-depth investigation to assess whether ...

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Europe looks to boost energy links, reduce Russian reliance

RIGA, Feb 6 – Creation of a single European energy market is the focus as ministers meet on Friday in Latvia aiming to improve cross-border cooperation and reduce reliance on imported Russian supplies. Latvia and Baltic neighbors Estonia and Lithuania historically have been dependent on Russian natural gas and lacked the connections to other European Union nations needed to diversify. ...

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Ukraine’s Naftogaz aims to avoid importing gas from Russia

BRUSSELS, Nov 18 – Ukraine aims to avoid using an interim gas deal signed last month for as long as it can and eventually end its reliance on Russian gas through better EU connections, Naftogaz Chief Executive Andriy Kobolyev told Reuters on Tuesday. Ukraine and Russia signed an agreement, brokered by the European Commission, at the end of October to ...

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Russia’s Gazprom says gets first debt repayment from Ukraine

MOSCOW, Nov 5 – Russia’s top natural gas producer Gazprom said on Wednesday it had received $1.45 billion from Ukrainian energy firm Naftogaz in repayment for unpaid debt, the first step towards Russia resuming gas supplies to Ukraine. The payment by Naftogaz is the first to Gazprom since May, when a row over gas pricing and unpaid debts escalated between ...

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Romanian government postpones increase of natural gas price for households

romania

BUCHAREST — The Romanian state reserves the right of postponing the implementation of the schedule for the liberalization of the natural gas price for households until a dispute with the European Commission is settled; therefore, this price will not increase on October 1 as previously scheduled, the Department of Energy informed in a release. A governmental delegation led by the ...

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