English Edition

PPC Presents Plan, Defends Hikes

Τρι, 27 Νοεμβρίου 2007 - 05:14

The Public Power Corporation (PPC), Greece's power utility, is open to cooperation with third parties for the production of power apart from the 3,500 megawatts provided by its business plan. PPC will also seek at all cost penetration into the natural gas market, even if the state, the main shareholder, vetoes its acquisition of 30 percent of the Public Gas Corporation (DEPA).

PPC Rate Rise Can Open Market

Τρι, 27 Νοεμβρίου 2007 - 05:09

The government is determined to handle the hot potato of electricity rates in order to resolve, once and for all, the problems associated with the liberalization of the power market.

OPEC, Facing Balancing Act, Keeps Policy Options Open

Τρι, 27 Νοεμβρίου 2007 - 02:39

The Organization of Petroleum Exporting Countries is choosing to keep its policy options open a week before a closely watched meeting, despite growing market expectations of a pledge to increase production.

Oil Falls On Hopes For A Production Rise

Τρι, 27 Νοεμβρίου 2007 - 01:09

Oil fell on Tuesday on expectations that OPEC may increase output and following a decline in global stock markets. U.S. oil dropped 59 cents to $97.11 a barrel by 2:16 a.m. EST, after shedding more than $1.00 earlier in the session.

Iraqi Kurds Brush Off Baghdad Gov't Nullifying Oil Deals

Τρι, 27 Νοεμβρίου 2007 - 01:02

The Kurdistan Regional Government brushed off a statement by Iraqi Oil Minister Hussein al-Shahristani in which he declared all oil contracts signed by the Kurdish regional authorities with foreign companies null and void.

Theolia Buys Italy's Maestrale Green Energy For EUR5 Mln

Τρι, 27 Νοεμβρίου 2007 - 00:58

French wind-power developer Theolia SA Tuesday said it has acquired Italian wind developer Maestrale Green Energy for EUR5 million.

Iraq Oil Min: OPEC May Increase Output By 500,000 B/D In Dec

Τρι, 27 Νοεμβρίου 2007 - 00:57

The Organization of Petroleum Exporting Countries is likely to increase the group's output by 500,000 barrels a day when it meets in Abu Dhabi on Dec. 5, Iraq's oil minister said Tuesday.

Kazakh Oil Company Turns To BG In Search For Ally - Report

Τρι, 27 Νοεμβρίου 2007 - 00:54

BG Group PLC is in talks with the London-listed subsidiary of Kazakhstan's national oil company over new joint ventures in oil and gas, the London-based Times newspaper reports Tuesday, citing the subsidiary's chief executive.

Iran Eyes Deal Over Kuwait Sea Border Before Year End

Δευ, 26 Νοεμβρίου 2007 - 03:34

Iranian Foreign Minister Manouchehr Mottaki said Sunday Tehran hopes to resolve a decades-old dispute with neighboring Kuwait over their maritime border before the end of the year.

RWE Gives Up Plan To Build Coal-Fired Power Plant In Ensdorf

Δευ, 26 Νοεμβρίου 2007 - 03:28

RWE AG Monday said it has given up plans to build a coal-fired power plant in Ensdorf, western Germany. The plan for the construction of two blocks with a combined capacity of 1.6 gigawatts failed in light of a residents' vote against the project Sunday.

Italy's Sorgenia Buys 80% Of French Wind Power Co For EUR198M

Δευ, 26 Νοεμβρίου 2007 - 03:26

Italian energy company Sorgenia SpA said Monday it has agreed to buy 80% of French wind concern Societe Francaise d'Eoliennes, or SFE, in an auction for EUR198 million, as it expands into renewables.

Austria's Verbund Eyes EnBW's 37% Stake In EVN -Newspaper

Δευ, 26 Νοεμβρίου 2007 - 03:24

Austria's Verbund AG is interested in buying a 37% stake in competitor EVN AG held by German utility EnBW Energie Baden-Wuerttemberg AG, German daily Financial Times Deutschland reports Monday, citing Verbund chief executive Michael Pistauer.

Total May Be Interested In Investing In Areva - Newspaper

Δευ, 26 Νοεμβρίου 2007 - 03:22

French oil company Total may be interested in investing in French State nuclear engineering firm Areva SA , French daily Le Figaro reports Monday, citing Chief Executive Christophe de Margerie.

Iraq Kurds Defy Baghdad On Oil Deals - AFP

Δευ, 26 Νοεμβρίου 2007 - 03:21

The autonomous Kurdish regional government in northern Iraq Monday defied Baghdad by vowing to sign more contracts with international oil firms despite the national government's opposition.

Kazakh Govt Source Sees Progress On Kashagan Dispute-Interfax

Δευ, 26 Νοεμβρίου 2007 - 03:19

Kazakhstan's government and a consortium of Western oil companies have moved closer towards settling their dispute over the Kashagan oil project the Interfax news agency reported over the weekend, citing a Kazakh government source.

OIL FUTURES:Brent Hits High On Dlr,Tight Fundamentals

Δευ, 26 Νοεμβρίου 2007 - 03:17

Brent crude oil futures climbed to an all-time high Monday morning as continued weakness for the dollar and an underlying tight supply and demand balance offered support. Traders said a strong recovery for Nymex crude, which also climbed above $99 a barrel, just shy of its all-time high, has also bolstered Brent and upped the chances of further gains later in the day.