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Big 5 Oil Cos Exploration Spending Fell From 1998-2006 - FT

Big 5 Oil Cos' Exploration Spending Fell From 1998-2006 - FT

Δευ, 12 Νοεμβρίου 2007 - 02:56

The world's five biggest publicly traded oil and gas companies have failed to respond to rising oil prices and their spending on exploration for new resources fell in real terms between 1998 and 2006, according to a report by U.S. think tank the James A Baker III Institute for Public Policy, the Financial Times reports Monday.

IEA Official Urges Steps To Cut Speculation As Oil Nears $100

IEA Official Urges Steps To Cut Speculation As Oil Nears $100

Δευ, 12 Νοεμβρίου 2007 - 02:53

The rampant speculation helping to push up world oil prices should be reined in by controlling energy demand with conservation and boosting supply, an energy official said Monday. William C. Ramsay, deputy executive director of the International Energy Agency, said a growing mass of money available for speculation was fueling the trend as the cost of a barrel of oil approaches $100.

Bosnia to Extend Deadline for Aluminium Smelter Sale

Bosnia to Extend Deadline for Aluminium Smelter Sale

Δευ, 12 Νοεμβρίου 2007 - 02:40

Bosnia’s Muslim Croat Federation government extended by three months the deadline for the privatization of its sole aluminium smelter Aluminij Mostar for technical reasons, Prime Minister Nedzad Brankovic said.

Romania is Set to Decide on Energy Holding by Year-end

Romania is Set to Decide on Energy Holding by Year-end

Δευ, 12 Νοεμβρίου 2007 - 02:38

Romania’s centrist government will approve the structure of an integrated energy holding company by the end of the year, Prime Minister Calin Tariceanu told the state news agency on Saturday.

Folias in Russia for Energy Talks

Folias in Russia for Energy Talks

Παρ, 9 Νοεμβρίου 2007 - 08:48

Development Minister Christos Folias has been in Moscow since yesterday to pave the way for an official visit by Prime Minister Costas Karamanlis next month and to revive the recently stagnated process for the Burgas-Alexandroupolis oil pipeline.

Greek Power Workers Vow To Block PPC Deal With RWE

Greek Power Workers Vow To Block PPC Deal With RWE

Παρ, 9 Νοεμβρίου 2007 - 07:38

Greece's union of electricity workers has vowed to block a reported deal between dominant electricity company Public Power Corp. SA and Germany's RWE AG for the renewal of thousands of megawatts of capacity.

Gazprom Delays Exercising Eni/Enel Option To 2009 - Vedomosti

Gazprom Delays Exercising Eni/Enel Option To 2009 - Vedomosti

Παρ, 9 Νοεμβρίου 2007 - 07:38

Russia's OAO Gazprom has delayed exercising an option with Italy's Eni SpA and Enel SpA due to a string of costly deals planned for next year, the Vedomosti business daily reports Friday, citing the company.

RWE Confirms Talks With Greeces PPC On Cooperation

RWE Confirms Talks With Greece's PPC On Cooperation

Παρ, 9 Νοεμβρίου 2007 - 07:33

RWE AG is interested in entering into a partnership arrangement with Greece's state-controlled Public Power Corp. SA , a spokesman for the German energy company's RWE Power AG unit told Dow Jones Newswires Friday.

Turkish Parliament Passes Bill To Build Nuclear Plants -AFP

Turkish Parliament Passes Bill To Build Nuclear Plants -AFP

Παρ, 9 Νοεμβρίου 2007 - 03:05

The Turkish parliament passed a bill Friday fixing the legal framework for the country's first nuclear power plants, overriding stiff objections from environmentalists and opposition parties.

Turkish Regulator OKs Turcas-Socar Bid For Petkim - IHA

Turkish Regulator OKs Turcas-Socar Bid For Petkim - IHA

Παρ, 9 Νοεμβρίου 2007 - 02:50

Turkey's Competition Board has approved the sale of state-run petrochemical firm Petkim to the second highest bidder in a privatization tender held in July, officials from the board said Friday, the Ihlas News Agency, or IHA reported.

PPC Labor Union Calls off 48-hour Strike

PPC Labor Union Calls off 48-hour Strike

Παρ, 9 Νοεμβρίου 2007 - 02:46

The labor union of the Public Power Corporation (PPC) yesterday called off a strike scheduled for November 12 and 13, saying that management appeared to have frozen plans to carve up the corporation into six entities and shelved the creation of new plants that it intended to hand over to private enterprise.

Oil Output Drop Hints At Higher Prices,Weaker Profits

Oil Output Drop Hints At Higher Prices,Weaker Profits

Πεμ, 8 Νοεμβρίου 2007 - 18:14

The process of finding and delivering crude oil is getting more challenging as aging oilfields become less productive, pointing to higher oil prices for consumers and reduced profits at energy companies, analysts say.