English Edition

Eni Says Completes Sale of Almost 30% Snam Stake to CDP

Δευ, 15 Οκτωβρίου 2012 - 17:56

Eni SpA (E), Italy's biggest energy company by market value, Monday said it completed the sale of a controlling stake in natural gas grid and storage company Snam SpA (SRG.MI) to Cassa Depositi e Prestiti SpA for 3.52 billion euros ($4.54 billion).

EU Approves New, Sweeping Sanctions against Iran

Δευ, 15 Οκτωβρίου 2012 - 17:55

European Union foreign ministers Monday gave their formal approval to a fresh, wide-reaching package of sanctions against Iran and called on the Islamic republic to urgently comply with its international obligations regarding its contested nuclear program.

Ocean Rig UDW Inc. Announces Order of 7th Generation UDW Drillship

Δευ, 15 Οκτωβρίου 2012 - 17:55

Ocean Rig UDW Inc. (NASDAQ: ORIG) (the "Company" or "Ocean Rig"), a global provider of offshore deepwater drilling services, announced today that it has signed a contract to construct a 7th Generation Ultra Deepwater Drillship at Samsung Heavy Industries.

Oil Price Won't Collapse Despite Demand Slowdown- Aramco CEO

Δευ, 15 Οκτωβρίου 2012 - 17:54

Oil prices are unlikely to collapse even though demand is expected to slow and supplies of fossil fuels have risen significantly, the chief executive of state-owned oil giant Saudi Aramco said.

RES Investors Expressed Disappointment on Latest Regulatory Decisions at IENE’s Workshop on «Bulgaria’s Green Energy Challenge» Held in Sofia

Παρ, 12 Οκτωβρίου 2012 - 18:26

The Institute of Energy for South East Europe (IENE), true to its regional role and its commitment in promoting public dialogue, organized, on October 10, an intensive workshop in Sofia on “Bulgaria’s Green Energy Challenge”, which attracted more than 80 participants; investors, professionals and experts of the RES Bulgarian sector

Oil Slick in Gulf Complicates BP Liability Talks

Παρ, 12 Οκτωβρίου 2012 - 17:31

As U.S. officials and BP PLC negotiate to resolve the company's liability for the Deepwater Horizon spill, some local and state officials are citing a newly discovered oil slick as evidence that the full impact of the 2010 accident remains unclear.

China September Electricity Output 394.5 Bln KWh -SERC

Παρ, 12 Οκτωβρίου 2012 - 17:31

China's electricity output in September totalled 394.5 billion kilowatt hours, the State Electricity Regulatory Commission said Friday.

Eni Has One Of Best Growth Portfolios - Goldman

Παρ, 12 Οκτωβρίου 2012 - 17:31

Goldman Sachs keep a conviction buy rating on Eni (ENI.MI) stock with EUR24 target after attending a seminar hosted by Eni. "Eni highlighted the positive results of one of the most successful exploration campaigns in the industry and the value of a strong pipeline of project start-ups in 2013-15," GS says.

Poland to Maintain Control in Energy, Sell Off Non-Key Assets

Παρ, 12 Οκτωβρίου 2012 - 17:30

The Polish government plans to keep control of key companies in the energy sector and eventually sell off all non-key assets, Treasury Minister Mikolaj Budzanowski told reporters Friday.

VERBUND AG: Statement regarding current reports concerning VERBUND's interest in Turkey

Παρ, 12 Οκτωβρίου 2012 - 17:30

VERBUND, Austria's leading electricity company and one of the leading producers of electricity from hydropower in Europe, has in the past years established a diversified portfolio of shareholdings in Austria and abroad and has been evaluating measures to improve this portfolio on an on-going basis.

IEA: China Could Become Oil Product Export Powerhouse

Παρ, 12 Οκτωβρίου 2012 - 17:29

China, the world's second-largest oil consumer, could become a new oil product exports powerhouse if all planned projects of refining capacity expansion in the country go ahead, the International Energy Agency said Friday.

Israel, EU to Set Oil Price -Chatham House

Πεμ, 11 Οκτωβρίου 2012 - 18:26

The future behavior of oil prices depends on the euro zone and Israel, according to a report from Chatham House. On the one hand, euro-zone leaders must act to contain the region's economic crisis, while on the other much depends on whether Israel launches a military strike against Iran, it notes.

Russia Seeks Answers from Turkey over Syria Plane Intercept

Πεμ, 11 Οκτωβρίου 2012 - 18:26

Russia furiously demanded answers from Turkey on Thursday after it forced a Syrian passenger plane flying from Moscow to land in Ankara on suspicion of carrying "illegal cargo," reportedly weapons, to Damascus.

Eni Sees Output Growth of 3% in 2015-22; Topping 3% in 2011-15

Πεμ, 11 Οκτωβρίου 2012 - 18:25

Eni SpA (E) said Thursday that it expects hydrocarbon output to grow by about 3% in the 2015-2022 period as the top Italian oil and natural gas company aims to drum up its credentials among leading upstream players after shedding its regulated gas assets and freeing up funds to spend on large projects.

Italy's State-Owned CDP Sells Additional 1.6% Stake in Eni

Τετ, 10 Οκτωβρίου 2012 - 17:46

Italian state-owned lender Cassa Depositi e Prestiti SpA said Tuesday it has sold nearly 58.26 million shares, or a 1.6% stake, of state-controlled Eni SpA (E, ENI.MI) between Sept. 24 and Oct. 9 for about 1.01 billion euros ($1.3 billion).

Rosneft CEO Says Putin Backs BP, Rosneft Plan For TNK-BP

Τετ, 10 Οκτωβρίου 2012 - 17:46

Russian President Vladimir Putin backs BP PLC's (BP.LN) plan to sell its 50% stake in TNK-BP to state-controlled OAO Rosneft (ROSN.RS) and use some of the proceeds to buy Rosneft shares, the head of the Russian company told the Financial Times in a story published Wednesday.