English Edition

Five Non-binding Offers for the Privatisation of DEPA/DESFA

Τετ, 7 Νοεμβρίου 2012 - 12:21

Five potential investors have submitted non-binding offers to the Hellenic Republic Asset Development Fund (HRADF) for the privatization of natural gas distributor DEPA/DESFA Group.

25-35% Fee Set for All Photovoltaic Plants in Greece

Τρι, 6 Νοεμβρίου 2012 - 16:59

The new economy bill that was carried yesterday in the Greek parliament calls for significant changes in the energy sector, most notably in photovoltaics, where a fee of 25-35% on the sales of the companies involved is imposed. The decision has been met with fierce opposition by the business associations and environmental groups, who warn that it is going to lead to bankruptcies and layoffs.

Libyan Fund Interested in Struggling French Oil Refinery

Τρι, 6 Νοεμβρίου 2012 - 16:48

A Libyan sovereign investment fund has sent a letter officially expressing interest in taking over a struggling French oil refinery, as a local court is due to decide whether to order the liquidation of the plant.

Rosneft CEO Sechin On List Of Candidates For Board

Τρι, 6 Νοεμβρίου 2012 - 16:47

OAO Rosneft's (ROSN.RS) Chief Executive Igor Sechin is on the list of candidates for the company's board of directors that shareholders will vote on Nov. 30, Russian newswires reported Tuesday, citing Rosneft.

Gazprom, PGNiG May Cooperate on New Projects After Price Cut

Τρι, 6 Νοεμβρίου 2012 - 16:47

Goodwill between Poland's PGNiG SA (PGN.WA) and Russia's OAO Gazprom (GAZP.RS) has risen as a result of a price cut the companies agreed on Monday for Russian gas, which opens possible new areas of cooperation, a PGNiG vice-president told reporters Tuesday.

EEX, Powernext to Combine European Gas Markets From 2013

Τρι, 6 Νοεμβρίου 2012 - 16:47

The European Energy Exchange and Powernext SA said they plan to combine market activities and create a pan-European gas market from first quarter 2013, Reuters reported Tuesday.

SOFAZ to Finance TANAP Project

Τρι, 6 Νοεμβρίου 2012 - 13:22

The State Oil Fund of Azerbaijan will finance the implementation of the Transanatolian gas pipeline project and new petrochemical complex in Garadagh in 2013.

South Korea Suspends Ops at 2 Nuclear Reactors; Signals Power Shortage

Δευ, 5 Νοεμβρίου 2012 - 16:59

South Korea is suspending operations at two nuclear reactors for safety reasons, creating a situation that could point to power supply disruptions this winter.

Verbund CEO: Gas Remains Viable Over Medium Term

Δευ, 5 Νοεμβρίου 2012 - 16:58

Gas as a source of energy remains viable over the medium term, Austrian utility Verbund AG's (VER.VI) Chief Executive Wolfgang Anzengruber said Monday.

BP CEO Dudley Says Talks Ongoing on Abu Dhabi Concessions

Δευ, 5 Νοεμβρίου 2012 - 16:58

BP PLC's (BP) Chief Executive Bob Dudley downplayed Monday a report that the U.K.-based oil giant may not be allowed to make a bid for the renewal of a shared license to operate some of Abu Dhabi's largest onshore oil fields, due to a reported political row between the United Arab Emirates and the U.K.

Transocean 3rd-Quarter Loss Widens on Charges; Revenue Up 23%

Δευ, 5 Νοεμβρίου 2012 - 16:58

Transocean Ltd.'s (RIG, RIGN.VX) third-quarter loss widened as asset impairment and other items masked the offshore-drilling company's revenue growth.

Kuwait Targets Crude Output Capacity of 3.2M B/D by 2015

Δευ, 5 Νοεμβρίου 2012 - 16:57

OPEC member Kuwait plans to up its crude output capacity from 3 million barrels per day to 3.2 million barrels a day by 2015, the chairman and managing director of Kuwait Oil Co. said in remarks published Monday.

China Files WTO Complaint on EU Solar Subsidies

Δευ, 5 Νοεμβρίου 2012 - 16:57

China filed a complaint to the World Trade Organization on Monday charging the European Union with violating rules governing subsidies to its solar components industry, China's Ministry of Commerce said.

BP: Indonesia Approves $12 Bln Expansion of Tangguh LNG Project

Παρ, 2 Νοεμβρίου 2012 - 18:23

The Indonesian government has approved a plan to expand the Tangguh liquefied natural gas project operated by BP PLC (BP), the company said Friday.

Iraq's Oct Oil Exports Up 1% On Month At 2.624 Million B/D - SOMO

Παρ, 2 Νοεμβρίου 2012 - 18:22

Iraq's crude oil exports in October went up by 0.92% to 2.624 million barrels a day, compared with 2.600 million barrels a day in September, figures released by the State Oil Marketing Organization, or SOMO, showed.

Gazprom 2Q Net Profit Halves but Above Analysts' Forecasts

Παρ, 2 Νοεμβρίου 2012 - 18:22

Russian gas giant OAO Gazprom's (GAZP.RS) net profit halved in the second quarter, compared with the corresponding period a year earlier, as a result of lower gas sales and retroactive payments to European customers, but the figure was still above analysts' forecasts.