(Reuters) -A court in The Hague has lifted a seizure order on Russian energy giant Gazprom’s assets in the Netherlands, a ruling published on the court’s website showed. The ruling last week shows that the assets in question were Gazprom’s shares in gas producers Wintershall Noordzee and Gazprom International Projects B.V.. The seizure was introduced …
Dutch court lifts seizure of Gazprom’s local assets Read More »
MADRID (Reuters) -Spain has increased the amount of gas it burns to produce electricity as its power grids rely more on conventional gas-fired plants since a major blackout on April 28, gas grid operator Enagas said on Tuesday. Conventional power plants like gas-fired combined cycle plants provide more stability to the grid’s voltage than renewable …
Spain’s gas demand soars as power plants burn more since blackout Read More »
By Jesus Calero and Tomasz Kanik (Reuters) -Norwegian aluminium producer Norsk Hydro cut its 2025 capital spending guidance by 1.5 billion crowns ($147.5 million) and froze external white-collar hiring on Tuesday, as input costs are volatile and demand uncertain due to U.S. tariffs. U.S. tariffs on aluminium have roiled trade flows and pushed physical market …
Aluminium producer Norsk Hydro trims 2025 spending amid global trade risks Read More »
OSLO (Reuters) -Norway’s combined oil and gas production exceeded an official forecast by 2.3% in June, the Norwegian Offshore Directorate (NOD) said on Tuesday. Norway is Europe’s largest supplier of natural gas and a major producer of oil, but output varies from month to month depending on maintenance needs and other stoppages at more than …
Norway’s overall oil, gas output beats forecast in June Read More »
OSLO (Reuters) -Norway’s biggest utility, state-owned Statkraft, reported a deeper quarterly net loss on Tuesday, as lower expectations for Nordic power prices and an ongoing restructuring of the group prompted it to write down the value of a number of assets. The net loss for the April-June period widened to 6.5 billion Norwegian crowns ($638.56 …
Norway utility Statkraft books $640 million quarterly loss after impairments Read More »
(Reuters) -British betting and gaming firm Evoke reported a 5% year-on-year rise in second-quarter revenue on Tuesday, driven by growth in its core international markets and tight cost controls. The company, which owns and operates brands like William Hill and 888, has doubled down on expansion plans, including rolling out 5,000 new gaming cabinets, even …
UK betting firm Evoke’s second-quarter revenue rises on expansion plans Read More »
By Scott Murdoch and Roushni Nair (Reuters) -Shares of Insignia Financial closed 12.2% higher on Tuesday after the Australian company agreed to a A$3.3 billion ($2.15 billion) takeover by investment manager CC Capital Partners, ending an almost eight-month pursuit. The agreed A$4.80 per-share price is below the A$5 bid CC Capital raised in March to …
Australia’s Insignia shares rise on $2.2 billion CC Capital takeover deal Read More »
MADRID (Reuters) -Spanish gas grid operator Enagas said on Tuesday it booked a net profit of 176 million euros ($205.66 million) in the first half of the year after a capital loss on the sale of an asset in the U.S. plunged it in the red a year ago. Gains from a disposal and the …
By Timothy Gardner WASHINGTON (Reuters) -Global fusion energy investment grew by $2.64 billion in the year since last July, an industry group said in an annual industry survey on Monday, but companies said they need much more money to take the industry commercial. The investment rise took place in places including the United States, the …
Global investment in fusion energy rises the most since 2022 Read More »
(Reuters) -Universal Music Group, the world’s biggest music label, disclosed on Monday that it had confidentially filed for a U.S. listing. Universal Music, whose primary listing is in the Netherlands, did not reveal the size of the U.S. offering or how much it was planning to raise. The company was valued at about 49.65 billion …
Universal Music confidentially files for US listing Read More »
