Energy Headlines

OMV buys stake in electric car charging company Smatrics

Austrian energy and petrol station group OMV is to buy a 40-percent stake in Smatrics, a company that provides charging points for electric cars, owned by hydropower firm Verbund and Germany's Siemens , the Austrian companies said on Thursday.

GE Power's $3 billion deal creates hundreds of jobs in Algeria

GE Power, a division of General Electric Co , has signed a services deal with Algerian utility Sonelgaz SPE valued at more than $3 billion, the largest services agreement ever for GE Power and one that creates hundreds of jobs in Algeria, GE said on Monday.