Energy NEWS

UK car industry to get GBP75m in government funding to design energy efficient cars of the future

A GBP75m fund has been launched by the UK government that will enable automotive businesses to create new low carbon technologies in order to make cars more energy efficient and also help safeguard … Continue reading “UK car industry to get GBP75m in government funding to design energy efficient cars of the future”


SSE blames rise in wholesale gas prices and low energy consumption for expected loss in first half of 2013

Perth-based electricity and gas company SSE, which operates mainly in the UK and Ireland, stated today that its retail arm is expected to report a loss on its adjusted profit before tax in … Continue reading “SSE blames rise in wholesale gas prices and low energy consumption for expected loss in first half of 2013”


Clean Bus Technology Fund to award grants to 11 local authorities

Local Transport Minister Norman Baker announced today that GBP5m from the Clean Bus Technology Fund has been awarded to eleven local authorities in towns and cities in England for the upgrade of nearly … Continue reading “Clean Bus Technology Fund to award grants to 11 local authorities”


UK household energy consumption drops by 24.7%

Household energy usage in England and Wales has fallen by almost a quarter since 2005, according to Office for National Statistics (ONS) data released today. ONS area based analysis for household energy consumption … Continue reading “UK household energy consumption drops by 24.7%”


German utility E.ON sells its 62.8% stake in Westfalen unit for €360m

German utility E.ON SE (ETR:EOAN) said today it had signed a deal to sell its 62.8% stake in regional unit E.ON Westfalen Weser AG to a consortium of municipal co-owners for some EUR360m … Continue reading “German utility E.ON sells its 62.8% stake in Westfalen unit for €360m”


German renewables group Entrade acquires bio-energy firm Agnion

German renewables specialist The Entrade Group said today it had acquired bio-energy plants operator Agnion Energy Inc from its owners for an undisclosed amount. Entrade agreed this month to buy the business from … Continue reading “German renewables group Entrade acquires bio-energy firm Agnion”


France to raise €4.2bn from sale of stakes in EDF and GDF Suez

The French government is likely to receive as much as EUR4.2bn (USD5.5bn) from selling portions of its stakes in utilities Electricite de France SA (EPA:EDF) and GDF Suez SA (EPA:GSZ), Reuters reported. A … Continue reading “France to raise €4.2bn from sale of stakes in EDF and GDF Suez”


UK’s Centrica teams up with Qatar Petroleum to acquire Suncor Energy assets

UK energy group Centrica Plc (LON:CNA) and the international unit of Qatar Petroleum (QP) have signed a CAD1bn (USD982m/EUR751m) cash deal to jointly buy certain conventional natural gas and crude oil operations from … Continue reading “UK’s Centrica teams up with Qatar Petroleum to acquire Suncor Energy assets”


Allianz reportedly bids €1.8bn for Net4Gas

German insurer Allianz SE (ETR:ALV) has made an offer of €1.8bn ($2.3bn) for RWE AG’s (ETR:RWE) Czech gas transmission unit Net4Gas sro, outbidding local group Energeticky a Prumyslovy Holding as’s (EPH) €1.75bn bid, … Continue reading “Allianz reportedly bids €1.8bn for Net4Gas”


Technip acquires Norwegian Ingenium

French oil services group Technip SA (EPA:TEC) said today it had agreed to buy Norwegian offshore engineering and services contractor Ingenium AS, without specifying how much it had paid for it. The target, … Continue reading “Technip acquires Norwegian Ingenium”


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