Engie says no “specific” plans to exit oil and gas
French energy firm Engie, said there was no "specific" plans for an exit from oil and gas activity after it said it would focus on low-carbon activities.
Engie
Uncertain future for Engie’s North Sea assets
French energy firm Engie, previously GDF Suez, is putting all its oil and gas assets under review as it turns its focus on low-carbon activities.
Drax considers mothballing coal-fired power plant
British power producer Drax mothball its coal-fired power generation units as part of a strategy review triggered by competition from cheap gas and renewables.
Engie sells 20% stake in North Sea oilfield
Engie has sold a 20% stake in a North Sea oilfield for an undisclosed sum to Wellesley Petroleum.
Isabelle Kocher set to lead Engie
French energy firm Engie has confirmed that deputy chief executive Isabelle Kocher will take over the top job in May.
Energy Institute gears up for black tie dinner
Two prestigious speakers have been secured for the flagship event of the Aberdeen, Highlands & Islands branch of the Energy Institute (EI).
Engie signs 10-year extension for nuclear reactors
French energy giant Engie, formerly known as GDF Suez, has signed an agreement with the Belgian government to extend the life of two nuclear power plants by 10 years.
Engie says nobody is making money off US natural gas exports
Just as gas export-terminals are preparing to start up along America’s Gulf Coast, the oil-price crash has made it unprofitable to send the U.S. fuel abroad, according to the North America head of power and natural gas supplier Engie. It costs about $2 to liquefy gas and another $3 to take it from the U.S. to Asia, said Zin Smati, president and chief executive officer of Engie’s GDF Suez Energy North America. Engie changed its name from GDF Suez SA in April. Those costs used to leave plenty of profit margin when the gap between LNG prices in Asia and natural gas in the U.S. was more than $14 per million British thermal units. Now, the spread is less than $5, according to data compiled by Bloomberg.
Gazprom in talks with Engie on participation in expanded Nord Stream
Gazprom is in talks with Engie on participation in an expanded Nord Stream pipeline to carry gas from Russia to Germany under the Baltic Sea, two sources familiar with the matter told Reuters.
Engie pays £3million to Scottish island community after halting windfarm
An island community is celebrating a £3million windfarm payout - without a single turbine being built. A French company will pay up as part of a "golden au revoir" deal after scrapping its £200million proposal for the Eishken estate on Lewis. Engie, previously trading as GDF-Suez, abandoned the project last October, blaming uncertainty about the laying of a connecting subsea cable to the mainland for its decision.
Iona sells stake in Esmond Transportation System
North Sea oil company Iona Energy said today it had agreed the sale of a non-core asset, its 2.5% stake in the Esmond Transportation System (ETS) to French energy giant Engie for £1.3million.