europe news

Melrose bets on Bulgaria

Edinburgh-based Melrose Resources has said that the opening of new fields in Bulgaria will boost the company’s production by 7,500 barrels of oil equivalent per day.
Melrose bets on Bulgaria

Hunting to buy Innova-Extel

UK-based energy services group Hunting is to buy US electronics company Innova-Extel for $125 million to boost its well construction unit, it has been announced.
Hunting to buy Innova-Extel

Vedanta agrees Cairn stake

India’s Vedanta Resources has said it will acquire a 51 to 60 per cent stake in Cairn Energy’s Indian unit for between £5.4 billion to £6.1 billion.
Vedanta agrees Cairn stake

Centrica in Canadian asset deal

The UK’s biggest energy supplier, Centrica, will buy natural gas assets in Canada from Suncor Energy in a deal worth £229 million.
Centrica in Canadian asset deal

Vedanta and Cairn in talks on deal

Vedanta Resources is in talks to purchase assets or take a substantial stake in the UK oil and gas exploration company Cairn Energy.
Vedanta and Cairn in talks on deal

Russia mulls takeover of UK tech firm

Russian state-owned nanotechnology corporation Rusnano is in advanced talks to take over the UK display screen maker Plastic Logic—a deal that would assist Russia in bringing We
Russia mulls takeover of UK tech firm

GDF to announce International Power takeover

French power giant GDF Suez is expected to announce it has taken over its UK rival International Power (IP) as early as tomorrow.
GDF to announce International Power takeover

Inmarsat in strategic satellite investment

UK company Inmarsat has ordered a fleet of three advanced satellites from Boeing for about £629 million, in order to deliver faster broadband service to customers by the end of

Inmarsat in strategic satellite investment

Drax biomass plans on hold

Drax, the UK’s biggest power station, has said that government reforms of subsidies for renewable energy have put the company’s planned biomass expansion in jeopardy.
Drax biomass plans on hold

Xstrata posts bumper profits

Xstrata, the world’s largest exporter of coal used for power, said its first half profit more than tripled on the back of a jump in metal prices from a year earlier.
Xstrata posts bumper profits

CKI to buy UK power grids

EDFof France is to sell its UK electricity networks business to Cheung Kong Infrastructure (CKI) of Hong Kong for £5.8 billion.
CKI to buy UK power grids

BAE signs India jet deal

Defence group BAE Systems and engine supplier Rolls-Royce have signed a £700 million deal to supply products and services for 57 Hawk training jets to India’s Hindustan Aeronaut
BAE signs India jet deal

Telefonica strikes Vivo deal

Spain’s Telefonica has reached an initial agreement to buy Portugal Telecom’s stake in Brazil’s Vivo Participacoes after raising its bid a third time to €7.5 billion, according

Telefonica strikes Vivo deal

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