Energy Update
DUBLIN, Jan 31 (Reuters) - The European Commission needs to
hold further talks with Gazprom before seeking
feedback on concessions submitted by the Russian state gas
exporter aimed at resolving a competition dispute, the EU's
antitrust regulator said on Tuesday.
MOSCOW, Jan 31 (Reuters) - Freight One, Russia's largest
freight rail operator and part of Vladimir Lisin's UCL Holding,
has submitted an official bid for a stake in Transcontainer
, Freight One board member Alexander Sapronov was
quoted as saying by Interfax on Tuesday.
Jan 31 (Reuters) - British water utility Severn Trent Plc
said it expected to exceed its forecast for full-year
net customer outcome delivery incentive rewards (ODI) after
strong operational performance in the third quarter.
FRANKFURT, Jan 31 (Reuters) - European prompt power prices
fell sharply on Tuesday due to an increase in renewable and
nuclear supply, but positions further ahead climbed, bringing
them in line with generally bullish spot levels, traders said.
LONDON, Jan 31 (Reuters) - Royal Dutch Shell has
agreed to sell a package of oil and gas fields to private
equity-backed Chrysaor for $3.8 billion, giving the Anglo-Dutch
group a major boost in its drive to reduce debt following the
acquisition of BG Group.
LONDON, Jan 31 (Reuters) - Britain's second-biggest energy
supplier SSE continued losing customers in the third
quarter of its financial year, while still and wet weather meant
output from its renewable energy plants fell 20 percent year on
year, it said on Tuesday.
FLORENCE, Italy Jan 31 (Reuters) - Activity in offshore oil
and gas fields is expected to pick up in 2018 and 2019 as
companies revive investments after several years of low energy
prices, Lorenzo Simonelli, chief executive of GE Oil and Gas
told Reuters on Tuesday.
BRUSSELS, Jan 31 (Reuters) - The European Union is on track
to meet its goal for renewables to supply up 20 percent of its
energy by 2020, the EU executive said in a report seen by
Reuters, although Britain, Ireland and Luxembourg are lagging
behind.
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