BRUSSELS (AP) — The European Commission has formally launched an investigation to find out whether an energy price reduction granted to industrial clients in Germany is a hidden form of state aid.
BERLIN (AP) — German energy company RWE AG says it is has decided to abandon production of crude oil and natural gas and will consider options for selling its oil and gas division.
The German public and government are debating the potential risks and benefits of opening the country to hydraulic fracturing as energy costs rise, The Wall Street Journal reports.
HELSINKI (AP) — Voimaosakeyhtio SF says it has purchased E.ON's 34 percent share in the Finnish energy company Fennovoima, completing the German utility's withdrawal from Finland's nuclear industry.
NEW YORK (AP) — The price of oil rose above $97 per barrel Thursday, reversing Wednesday's small drop.
BERLIN (AP) — Germany's environment minister says he doesn't expect the extraction of natural gas by "fracking" will start any time soon in Europe's biggest economy.
General Electric Co. said it is slated to win a "double-digit" share of Germany's onshore wind market in 2015 through besting competition from Siemens and Nordex, Bloomberg reports.
Despite successful tornado warnings in Oklahoma, Congress currently plans to let furloughs for National Oceanic and Atmospheric Administration forecasters take effect, Politico reports.
The European Union's probe into possible energy price manipulation has brought focus to oil companies' trading desks, units that sometimes take more risks than Wall Street firms, Reuters reports.
Indonesian authorities arrested Chevron executive Bachtiar Abdul on corruption charges despite a 2012 court order clearing him of wrongdoing, Reuters reports.