English Edition

PGNiG To Gradually Increase Purchases From Gazprom

Τρι, 2 Φεβρουαρίου 2010 - 18:05

Polish gas monopoly PGNiG (PGN.WA) will gradually increase its gas purchases from Russia's OAO Gazprom (GAZP.RS), Polish daily Gazeta Wyborcza reports Tuesday.

E.ON Confirms Talks With Hungary Govt, Utility MVM

Τρι, 2 Φεβρουαρίου 2010 - 18:05

E.ON AG (EOAN.XE) Tuesday confirmed it is in talks over a possible sale of minority stakes in its Hungarian power distribution assets, shedding some light on which assets the German utility is considering to sell in a drive to further reduce its debt pile.

OIL DATA: Russia Jan Oil Output 10.04M B/D, Down 0.1% On Mo

Τρι, 2 Φεβρουαρίου 2010 - 18:04

Russia produced an average of 10.04 million barrels a day of crude oil and gas condensate in January, down 0.1% from December, statistics from the Energy Ministry showed Tuesday.

BP Sees ‘Slow’ Recovery as Profit Misses Estimates

Τρι, 2 Φεβρουαρίου 2010 - 14:44

BP Plc, Europe’s biggest oil company, expects the recovery from last year’s recession to be “slow and gradual” as fourth-quarter earnings missed analyst estimates. Earnings excluding one-time items and gains or losses from inventories rose 68 percent to $4.38 billion from a year earlier.

Cnooc to Boost Oil, Gas Output by 28% to Meet Demand

Τρι, 2 Φεβρουαρίου 2010 - 14:38

Cnooc Ltd., China’s biggest offshore oil explorer, aims to increase oil and gas production by as much as 28 percent this year as demand for fuel rises in the world’s fastest-growing major economy.

BP Solar Completes New Project in Northern Greece

Τρι, 2 Φεβρουαρίου 2010 - 14:35

BP Solar, a subsidiary of BP that focuses on solar power, has completed the construction of a 1-megawatt (MW) photovoltaic power plant in Kilkis, northern Greece, in one of the biggest projects of its type in the country, it said yesterday.

Poland's PGNiG To Restore Full Gas Supplies To ZCh Police

Δευ, 1 Φεβρουαρίου 2010 - 17:46

Polish gas monopoly PGNiG (PGN.WA) will restore gas supplies to chemical firm Zaklady Chemiczne Police SA (PCE.WA) to contractual levels at 2100 GMT Monday, the company said in a statement.

Rosneft 4Q Net Profit Leaps On Higher Prices, Output

Δευ, 1 Φεβρουαρίου 2010 - 17:46

Russia's largest oil producer OAO Rosneft (ROSN.RS) Monday reported its fourth-quarter net profit more than doubled on higher global oil prices and bigger export volumes, and said it expects tax breaks for a key East Siberian field to remain in place.

Russia Posts Worst GDP Decline Since 1994

Δευ, 1 Φεβρουαρίου 2010 - 17:45

Russia's economy shrank by 7.9% in 2009, its worst economic decline since 1994, according to preliminary data released Monday.

Surgutneftegaz Plans To Retain MOL Stake

Δευ, 1 Φεβρουαρίου 2010 - 17:45

Surgutneftegaz (SNGS.RS), one of Russia's leading oil and gas companies, plans to retain its stake in Hungarian oil and gas company MOL Nyrt. (MOL.BU), Russian Deputy Prime Minister Victor Zubkov told Hungarian Prime Minister Gordon Bajnai at a meeting Friday, Hungarian national daily Nepszabadsag said during the weekend.

Gazprom 3Q Net Profit Rises 33% Despite Lower Demand

Δευ, 1 Φεβρουαρίου 2010 - 17:44

Russia's OAO Gazprom (GAZP.RS), the world's largest producer of natural gas, Monday posted a 33% increase in third-quarter net profit due to foreign exchange gains and lower taxes, but despite a drop in demand in the period.

Lukoil-Statoil Group Finalizes Iraq Oil Field Deal

Δευ, 1 Φεβρουαρίου 2010 - 17:31

Russia's Lukoil OAO (LKOH.RS) and Norway's Statoil ASA (STO) Sunday signed a final deal for Iraq's supergiant West Qurna Phase 2 oil field, Iraqi Oil Ministry officials said.

IMF to Set Up Eco Fund

Δευ, 1 Φεβρουαρίου 2010 - 16:57

The International Monetary Fund (IMF) is planning a 100-billion-dollar fund to help countries mitigate the effects of climate change, the agency’s head said. “The new growth model will be low carbon,” Dominique Strauss-Kahn, managing director of the IMF, told political and business leaders meeting at the World Economic Forum (WEF) in the Swiss ski resort of Davos this weekend.

Environment Deal Gets Low-key Endorsement

Δευ, 1 Φεβρουαρίου 2010 - 16:55

Nations accounting for most of the world’s greenhouse gas emissions have restated their promises to fight climate change, meeting a deadline yesterday in a low-key endorsement of December’s “Copenhagen Accord.”

China Insists That Its Steps on Climate Be Voluntary

Σαβ, 30 Ιανουαρίου 2010 - 10:26

As a Sunday target date approaches for countries to submit to the United Nations their plans for fighting climate change, China is banding together with other major developing nations to stress that only the wealthier countries need to make internationally binding commitments.

Romanian Govt Approves National Power Holdings Setup

Παρ, 29 Ιανουαρίου 2010 - 19:29

The Romanian government approved an overhaul of the country's energy sector by setting up two national power holdings to include almost all the state-owned assets in the field, news agency Mediafax cited Economy Minister Adriean Videanu as saying Friday.