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GDF Suez Earnings Beat Views, Keeps Full-Year Goals

GDF Suez Earnings Beat Views, Keeps Full-Year Goals

Δευ, 3 Μαΐου 2010 - 19:12

French power operator GDF Suez (GSZ.FR) Monday posted 2.1% drop in first-quarter earnings before interest, tax, depreciation and amortization, or Ebitda--due to lingering economic difficulties in Europe and lower energy commodities prices--but the decline was a less-than-expected and the group maintained its full-year targets.

Electric Cars Push Needs Careful Thinking

Electric Cars Push Needs Careful Thinking

Δευ, 3 Μαΐου 2010 - 12:58

Despite a strong push to ramp up the production of electric cars around the world, experts warn that their roll-out needs to be carefully planned before investors open their wallets.

Euro Zone Seals €110bn Rescue Plan for Greece

Euro Zone Seals €110bn Rescue Plan for Greece

Δευ, 3 Μαΐου 2010 - 12:49

Under a deal struck by eurozone finance ministers on Sunday (2 May), Athens would receive 80 billion euros in bilateral loans in three years spanning until 2012. 30 billion would come from the International Monetary Fund (IMF).

Regions Wont Wait for Orders on Energy Reform

Regions Wont Wait for Orders on Energy Reform

Δευ, 3 Μαΐου 2010 - 12:47

European regions are moving ahead with reforming their energy sectors with or without an invitation from the European Commission, a gathering of regional representatives heard in Brussels yesterday (29 April).

Chevron 1Q Profit More Than Doubles, Matching Peers

Chevron 1Q Profit More Than Doubles, Matching Peers

Παρ, 30 Απριλίου 2010 - 18:36

Chevron Corp.'s (CVX) first-quarter earnings more than doubled on higher oil and gas prices, increased production and better-than-expected refining results. Chevron's global output rose 5% to 2.78 million barrels of oil equivalent per day from a year ago mainly due to higher production from new projects in the U.S. Gulf of Mexico, Nigeria and Angola

Iran Floating Crude Storage Estimated At 35 Mln Barrels-Broker

Iran Floating Crude Storage Estimated At 35 Mln Barrels-Broker

Παρ, 30 Απριλίου 2010 - 18:35

Iran is storing an estimated 35 million barrels of crude oil in floating tankers, according to London-based shipbroker E.A. Gibson. The amount equates to nearly 10 days of Iranian oil production, Gibson said.

Putin Offers To Merge Gazprom, Ukraines Naftogaz - Interfax

Putin Offers To Merge Gazprom, Ukraine's Naftogaz - Interfax

Παρ, 30 Απριλίου 2010 - 18:33

Russian Prime Minister Vladimir Putin proposed to merge the country's state-controlled natural gas giant OAO Gazprom (GAZP.RS) and Ukraine's national gas company Naftogaz, Interfax reported Friday.

Russia: UN To Address Iran Sanction In Near Future - Report

Russia: UN To Address Iran Sanction In Near Future - Report

Παρ, 30 Απριλίου 2010 - 18:32

The United Nations Security Council may take up the issue of sanctions against Iran in the "very near future," Russian Foreign Minister Sergei Lavrov said Thursday according to the RIA Novosti news agency.

Gazprom 4Q Net Profit Soars On Pickup In Output, Demand

Gazprom 4Q Net Profit Soars On Pickup In Output, Demand

Παρ, 30 Απριλίου 2010 - 18:31

Russia's OAO Gazprom (GAZP.RS), the world's largest producer of natural gas, Thursday posted an eightfold increase in fourth-quarter net profit as production and demand recovered, prompting a rise in the company's share price.

IENE’s One-Day Conference in Sofia Underlined the Excellent Prospects for Further Co-operation on Energy Between Greece and Bulgaria

IENE’s One-Day Conference in Sofia Underlined the Excellent Prospects for Further Co-operation on Energy Between Greece and Bulgaria

Παρ, 30 Απριλίου 2010 - 18:08

The ongoing progress and future outlook of the energy relations between Greece and Bulgaria were reviewed in a one-day conference which IENE, in association with the Hellenic Business Council in Bulgaria (HBCB), organized in Sofia on April 29. High ranking government officials, senior executives and eminent engineers and scientists of both countries from major energy companies and organizations took part in this unique bilateral event

Romania Could See up to 2,000 New MW of Wind, Gas and Hydro generation

Romania Could See up to 2,000 New MW of Wind, Gas and Hydro generation

Παρ, 30 Απριλίου 2010 - 16:29

Romania should lower its stake in two nuclear reactor projects at its power plant in Cernavoda to encourage private investors and make the sector more competitive, the economy minister said on Thursday. The European Union state has a 51 percent stake in a deal to build two more reactors by around 2016 in a partnership with major power firms. The required investment is estimated at around 4 bil

Higher Energy Costs Push Producers Prices up 8.7 pct

Higher Energy Costs Push Producers Prices up 8.7 pct

Παρ, 30 Απριλίου 2010 - 14:32

Greek producer prices rose 8.7 percent year-on-year in March, pushed higher by increased energy costs compared to the same period last year, the Hellenic Statistical Authority (ELSTAT) said yesterday.