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Malaysias Petronas Aims to Find Partners for Canada LNG Project

Malaysia's Petronas Aims to Find Partners for Canada LNG Project

Δευ, 18 Νοεμβρίου 2013 - 17:56

Malaysia's Petronas Gas Bhd (PNAGF, 6033.KU) is lining up Asian energy players to help build a Canadian liquefied-natural-gas megaproject, but there is a catch. Before anyone joins the ownership team, the prospective partners must sign long-term contracts to buy LNG.

Brazil Electricity Auction Hires New Wind Capacity, But No Solar Power

Brazil Electricity Auction Hires New Wind Capacity, But No Solar Power

Δευ, 18 Νοεμβρίου 2013 - 17:56

Brazil sold rights on Monday to build 39 new wind farms in the country, which will require an estimated 3.4 billion Brazilian reais ($1.5 billion) in investment, but failed to sell solar-powered projects as prices remain too high to find buyers.

Gazprom Says Ukraine Resumes Gas Deliveries

Gazprom Says Ukraine Resumes Gas Deliveries

Παρ, 15 Νοεμβρίου 2013 - 19:35

Ukraine has resumed purchases of Russian gas, Russian state gas firm OAO Gazprom said Friday, easing weeks of tension between the two countries after Gazprom had raised concerns that flows to Europe could be affected.

KazMunaiGas Plans IPO in Next 1-2 Years

KazMunaiGas Plans IPO in Next 1-2 Years

Παρ, 15 Νοεμβρίου 2013 - 19:35

Kazakhstan's state-run oil and gas company KazMunaiGas is planning to hold an initial public offering in the next one to two years, Kazakhstan's National Bank head Kairat Kelimbetov said Friday, according to Interfax news agency.

Brent Maintains Its Premium to US Crude

Brent Maintains Its Premium to US Crude

Παρ, 15 Νοεμβρίου 2013 - 19:35

Brent crude was close to flat on the first day of a new month's contract but diverged further from its U.S. counterpart, highlighting the different pressures on the two grades.

Bulgargaz Seeks No Change in Q1 2014 Gas Prices

Bulgargaz Seeks No Change in Q1 2014 Gas Prices

Παρ, 15 Νοεμβρίου 2013 - 14:53

Bulgaria's gas monopoly Bulgargaz proposed that the price local consumers will pay for natural gas in the first quarter of 2014 should remain unchanged at the end-2013 level.

Positive 3Q Results for Greek Refiner, Hellenic Petroleum

Positive 3Q Results for Greek Refiner, Hellenic Petroleum

Πεμ, 14 Νοεμβρίου 2013 - 18:08

HELLENIC PETROLEUM Adjusted EBITDA came at €74m (2Q13: €21m), positively affected by the performance of the new Elefsina refinery, the acceleration of transformation programs as well as the improved operational performance across the business.

RWE Sees Falling 2014 Profits, Reiterates 2013 Outlook

RWE Sees Falling 2014 Profits, Reiterates 2013 Outlook

Πεμ, 14 Νοεμβρίου 2013 - 16:57

German utility RWE AG (RWE.XE) Thursday said it expects profits to fall further in 2014, as a capacity glut that is the result of expanding renewable energies continue to depress earnings.

Romanias Transgaz 9-Month Net Profit Falls 37.3%

Romania's Transgaz 9-Month Net Profit Falls 37.3%

Τετ, 13 Νοεμβρίου 2013 - 18:48

Romanian natural gas transmission company Transgaz (TGN.RO) Wednesday posted a net profit of 159.5 million lei (EUR48 million) for the first nine months, down 37.3% on the year, as an increase in financial costs exceeded revenue growth, news agency Mediafax reported.

Shell, Iraq, Near $11 Billion Deal to Build Petrochemical Complex

Shell, Iraq, Near $11 Billion Deal to Build Petrochemical Complex

Τετ, 13 Νοεμβρίου 2013 - 18:48

Royal Dutch Shell PLC and the Iraqi government are nearing a deal to build an $11-billion petrochemical facility in southern Iraq, according to the government here, the latest large-scale move by the oil major into Iraq's energy sector.

E.ON Warns on Profit

E.ON Warns on Profit

Τετ, 13 Νοεμβρίου 2013 - 18:47

E.ON SE warned Wednesday its full-year profit would be at the low end of the range previously forecast, as Germany's shift to renewable energies continues to take a toll on earnings.