English Edition

Eni CEO Expects Unrest to Remain in Post-Gadhafi Libya

Παρ, 10 Μαΐου 2013 - 17:29

Eni SpA (E), Italy's biggest energy company by market value, expects unrest to remain in hydrocarbon-rich Libya following the civil war that ousted Col. Muammar Gadhafi in 2011, said Chief Executive Paolo Scaroni Friday, adding he's optimistic that eventually the situation will improve as the North African country embraces democracy.

Eni CEO Open to Looking at Saipem Exit But Not in a Hurry

Παρ, 10 Μαΐου 2013 - 17:29

Eni SpA (E) Chief Executive Paolo Scaroni Friday said Italy's biggest energy company by market value is open to assessing its options regarding its controlling stake in oil services company Saipem SpA (SPM.MI), which is being investigated for possible corruption in Algeria, but he ruled out buying out Saipem's minority shareholders and added that he is in no hurry.

Shale Gas Could Curb Gazprom Prices - EU Commissioner

Παρ, 10 Μαΐου 2013 - 17:29

The development of shale gas in Europe could help the continent obtain better deals from its current key supplier, the Russian giant Gazprom, E.U. Energy Commissioner Guenther Oettinger said on Friday.

Pioneer of Cheaper Solar Cells Jörg Horzel Nominated for 2013 European Inventor Award

Παρ, 10 Μαΐου 2013 - 15:29

Only two decades ago, energy generation from sunlight was too costly and inefficient to compete with conventional sources. The industry took a big step towards becoming a viable alternative with the invention of a simplified method for producing selective-emitter solar cells by German scientist Jörg Horzel, patented in 2004.

Competition Watchdog Fines Energo-Pro Unit for Abuse of Dominant Position

Παρ, 10 Μαΐου 2013 - 14:06

Bulgaria's competition regulator said it has imposed a 1.7 million lev ($1.1 million/870,000 euro) fine on local power supply company Energo-Pro Sales for abuse of dominant position.

Nigeria Says Trans-Saharan Gas Pipeline Project Under Review

Πεμ, 9 Μαΐου 2013 - 17:53

The Trans-Saharan Gas Pipeline project is now under review to determine its viability due to recent developments in the global natural gas industry and the collapse of gas prices, Nigerian President Goodluck Jonathan said Wednesday.

Repsol Profit Up 38% on Higher Output, Refining Margins

Πεμ, 9 Μαΐου 2013 - 17:53

Spanish oil company Repsol SA (REP.MC) said Thursday its first-quarter profit rose 38% on the year, mainly due to higher production and refining margins.

Iraq Northern Oil Exports Halted Since Sunday Due to Sabotage

Πεμ, 9 Μαΐου 2013 - 17:53

Iraq's oil exports from northern Kirkuk oil fields to the Mediterranean port of Ceyhan in Turkey have been on hold since late Sunday due to an "act of sabotage" against the line inside Iraq, a person familiar with the matter and a Middle East shipping agent said Thursday.

Eni Completes Sale of 11.7% of Snam

Πεμ, 9 Μαΐου 2013 - 17:52

Italy's energy company Eni SpA (ENI.MI) said Thursday it completed the sale of an 11.7% stake in Snam SpA (SRG.MI) as part of its divestment from the Italian natural gas grid.

Tougher EU Tariffs May Dent China's Solar Companies' Sales

Πεμ, 9 Μαΐου 2013 - 17:52

China's solar companies, already reeling from a collapse in product prices, will face an even tougher road ahead if the European Union follows through with its plan to impose steep tariffs on Chinese-made solar-panel imports.

Qatar to Supply Egypt Up to 24 LNG Cargos in Swap Deal

Πεμ, 9 Μαΐου 2013 - 17:52

OPEC member and gas-rich Qatar will supply Egypt with up to 24 cargos of liquefied natural gas starting May 28 as the North African country struggles to meet its domestic energy needs, the first under-secretary for agreements and exploration at the Egyptian Oil Ministry said in remarks published on Wednesday.

Nabucco Says Eco Permitting Process for Bulgarian Pipeline Section Complete

Πεμ, 9 Μαΐου 2013 - 13:15

Nabucco Gas Pipeline International said on Wednesday that the environmental permitting process for the Bulgarian section of the pipeline route is now complete.

Enel Net Profit Drops 26% on Economic Slump in Italy, Spain

Τετ, 8 Μαΐου 2013 - 17:47

Italian utility Enel SpA (ENEL.MI) Tuesday said first-quarter net profit fell 26% on the year as recessions in its key Italian and Spanish markets took their toll, although the drop was smaller than expected thanks to strong renewable energy earnings.