French, Spanish Ministers Discuss New Cross-border Energy Links
French, Spanish and Portuguese energy ministers have discussed plans for new power and gas infrastructure across the French-Spanish border, the French energy ministry said on Tuesday. The ministers met with EU Climate and Energy Commissioner Miguel Arias Canete in Paris on Tuesday and launched a working group to boost energy networks in South-West Europe. Spanish…
Cairn Energy Drops Ibiza Oil Drilling Plans
Oil explorer Cairn Energy has dropped plans to drill near Spanish holiday island Ibiza, the company said, as it wants to focus on developing potentially huge reserves offshore Senegal. Cairn was set to carry out seismic testing on four offshore blocks in the Gulf of Valencia but has now decided its money will be better spent in Senegal where it said its oilfields could hold more than a billion barrels of oil.
