GE has closed its transaction to divest select power generation assets to Ansaldo Energia .
EDF is under pressure to abandon or delay building Hinkley Point C, the flagship of the UK Government’s plan to provide generating capacity for 2025.
A new study released by the World Energy Council says lower oil prices and weakened Asian demand has resulted in the virtual disappearance of the price spread between the Japanese LNG and UK markets in 2016. Additionally, it notes that US prices remain depressed due to the continued build-up of domestic supplies.
As part of Prime Minister Narendra Modi’s drive to attract greater foreign participation in upgrading and expanding the country’s stretched infrastructure, India has invited investments from the United Arab Emirates in a group of oil projects.
General Electric (GE) is to sign a $1 billion agreement with the Iraqi Ministry of Electricity (MoE) that will see the US-based company deliver critical electricity generation and maintenance projects across the country.