Energy Update
Dong Energy A/S became Europe’s biggest initial public offering this year, soaring as much as 12 percent after trading commenced on Thursday, after investors lined up to own shares in the Danish utility. The world’s biggest offshore wind energy operator sold 17.4 percent of its shares at 235 kroner a piece, raising 17.1 billion kroner ($2.6 billion). The price gives the whole company a value of 98.2 billion kroner ($14.9 billion).
LONDON, June 9 (Reuters) - A major pipeline feeding oil
products from the Amsterdam-Rotterdam-Antwerp refinery hub into
Germany was shut this week after a leak was reported in the
Netherlands, the operating company said in a statement on
Thursday.
LONDON, June 9 (Reuters) - The Dutch-German RRP distillates
pipeline was shut this week after a leak was reported in the
Netherlands, the operating company said in a statement on
Thursday.
June 9 (Reuters) - U.S. utilities and merchants are
embarking on their biggest buying spree for Canadian natural gas
since the start of the U.S. shale boom, taking advantage of
record low prices and raising concerns about the U.S. industry's
deepening crisis.
OSLO, June 9 (Reuters) - Norway and Sweden's joint scheme to
boost renewable energy generation, set up in 2012, is on track
to deliver 28.4 terawatt-hours (TWh) by 2020, Norway's energy
regulator said on Thursday.
LONDON, June 9 (Reuters) - Having gone from bumper cash
inflows to redemptions in just two years, many sovereign wealth
funds have been forced to shake up their investment strategies
to embrace both super-liquid safe assets with more esoteric
illiquid plays to bolster returns.
BERLIN, June 9 (Reuters) - Iran expects a row with Germany
over unpaid state export guarantees to be resolved soon, its
industry minister was quoted as saying in a German newspaper on
Thursday, a step which would remove a big hurdle to reviving
trade relations.
SYDNEY, June 9 (Reuters) - BHP Billiton is
studying an option to develop a massive new iron ore deposit in
Australia to replace lost tonnes as operations age and reserves
decline, according to the company and documents filed with
environmental regulators.
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