English Edition

Terna Net Profit Soars In 2009; EUR0.19/Share Dividend

Παρ, 19 Μαρτίου 2010 - 19:51

Terna SpA (TRN.MI), Italy's biggest power grid by capacity, said Friday 2009 net profit soared on the year, lifted by stronger revenue, allowing it maintain its commitment to shareholders of a higher dividend.

Shell, Nexen Make New Deepwater Oil Find In Gulf Of Mexico

Παρ, 19 Μαρτίου 2010 - 19:50

Royal Dutch Shell Plc (RDSA) and Canadian oil and gas company Nexen Inc. (NXY) said Friday they made a significant new offshore oil discovery in the eastern Gulf of Mexico.

Russia Seeks Japan Support In Vietnam Nuclear Project –Nikkei

Παρ, 19 Μαρτίου 2010 - 19:50

Russia's State Atomic Energy Corp. (Rosatom) wants to team up with Japanese firms in the Vietnam's Y1.5 trillion nuclear plant construction project, the Nikkei reported in its Friday evening edition, citing an executive of the Russian firm.

EU Commission: Settlement Reached in the Case of EDF

Παρ, 19 Μαρτίου 2010 - 17:51

Commission announces a settlement of a case against EDF, alleged to have abused a dominant position by concluding long-term electricity contracts with industrial customers and prohibiting the resale of electricity

Europe and Central Asia Facing Energy Crunch

Παρ, 19 Μαρτίου 2010 - 14:50

The outlook for primary energy supplies, heat, and electricity is questionable for the Eastern Europe and Central Asia region, despite Russia and Central Asia’s current role as a major energy supplier to both Eastern and Western Europe.

Russia’s Nuclear Industry Seeks to Profit From Alternative Fuels

Παρ, 19 Μαρτίου 2010 - 14:41

Russia’s nuclear industry has profited handsomely from the world’s interest in alternatives to fossil fuels. But at least one environmental group is saying the latest Russian effort to capitalize on the green reputation of nuclear power — marketing designs for old Soviet nuclear submarine engines — is potentially dangerous.

Oil Industry Emissions Underestimated, Study Warns

Παρ, 19 Μαρτίου 2010 - 14:40

An underestimation of the expected surge in emissions from oil-based fossil fuels could undermine the EU's climate goals, the European Biodiesel Board (EBB) warned yesterday (18 March).

Czech Energy Giant Slowly Turning Green

Παρ, 19 Μαρτίου 2010 - 14:39

The Czech Republic's leading power company, ČEZ, has promised to turn to energy efficiency and environmentally-friendly projects, but local NGOs say it must still improve its green energy strategy. EurActiv Czech Republic reports.

Enel to Seek Banks This Month for Green Power IPO, Conti Says

Παρ, 19 Μαρτίου 2010 - 14:36

Enel SpA plans to seek banks this month to advise on the initial public offering of its renewable energy unit, likely to be Europe’s largest since 2007.

Harvard Professor Says Greek Measures Doomed to Fail

Παρ, 19 Μαρτίου 2010 - 14:33

Harvard University professor Martin Feldstein, who warned almost two decades ago that the euro would prove an “economic liability,” said Greece’s austerity plan will fail and the country may have to quit the single currency to fix its fiscal crisis.

Mytilineos Finalizes Endesa Deal

Παρ, 19 Μαρτίου 2010 - 14:32

Listed energy and metals company Mytilineos SA has taken full control of Endesa Hellas, which had been a joint venture along with Spanish energy giant Endesa SA. Mytilineos agreed yesterday to acquire Endesa’s controlling stake (50.01 percent) in the Greek firm.

Plan to Help Homes Cut Energy Costs

Παρ, 19 Μαρτίου 2010 - 14:31

A 200-million-euro government program aimed at helping property owners make their homes more energy efficient will start in June, the Environment, Energy and Climate Change Ministry said yesterday.

Greek Power Workers Threaten Further Strikes From March 24

Πεμ, 18 Μαρτίου 2010 - 17:05

Greece's militant union of power sector workers, Genop, said Thursday it will proceed with rolling 48-hour strikes from March 24, but also said it was open to talks with the Greek government.

Enel Warns EU Over Emissions Rule Change

Πεμ, 18 Μαρτίου 2010 - 17:05

Italian utility Enel SpA (ENEL.MI) has warned European ministers against changes to rules for carbon-emissions permits on the grounds that it could cut investment in projects aimed at reducing greenhouse-gas emissions, The Financial Times reports Thursday, citing the company.

Wintershall CEO: In Talks With Gazprom On Yamal Gas Projects

Πεμ, 18 Μαρτίου 2010 - 17:04

German upstream oil and gas company Wintershall AG's Chief Executive Rainer Seele said Thursday the company is in talks with Gazprom OAO (GAZP.RS) over possible joint gas projects on the Yamal Peninsula.

Lukoil May Buy Conoco's Shares If Put Up For Sale - Ifax

Πεμ, 18 Μαρτίου 2010 - 17:04

Russian oil producer OAO Lukoil Holdings (LKOH.RS) would find it necessary to buy back shares held by ConocoPhillips (COP) should the U.S. oil major put part of its 20% stake in the company up for sale, the Interfax news agency reported Thursday, citing Lukoil's chairman, Valery Grayfer. News reports Wednesday suggested that ConocoPhillips may sell part of its stake in Lukoil.