English Edition

Naftogaz Bond Standoff May Threaten EU Gas Supply

Δευ, 31 Αυγούστου 2009 - 18:19

Natural gas supplies from Russia to Europe could be endangered if Naftogaz, Ukraine's state-run energy company, fails to strike a restructuring deal with its Eurobond holders by the end of September.

Bulgaria Utility NEK, Gas Supplier Bulgargaz Listed on Stock Exchange

Δευ, 31 Αυγούστου 2009 - 15:23

The economic team of the center-right government confirmed plans to dissolve a mega-structure, which groups all big state-owned energy firms, and list a minority stake in major energy companies on the Bulgarian stock exchangе

Russian Leningrad Nuclear Plant Reactor Shut Down After Leak

Παρ, 28 Αυγούστου 2009 - 18:05

Russia Friday shut a reactor at its nuclear power plant near the second city of St. Petersburg after a pump burst, a spokesman for the plant told AFP.

Brazil Vale, Italy's Eni Make Third Offshore Discovery

Παρ, 28 Αυγούστου 2009 - 18:04

The Brazilian unit of Italy's Eni SpA (E) and mining giant Vale (VALE) reported late Thursday a third natural gas discovery at an offshore block in the Santos Basin.

Sinochem Group:To Participate In Iraq's 2nd Round Oil Bidding

Παρ, 28 Αυγούστου 2009 - 18:00

State-owned Sinochem Group, China's fourth-largest oil company by assets, said Friday that Baghdad has approved its participation in the second round of bidding for Iraqi oil and gas fields, which will be held in November.

Naftogaz:Eurobond Restructuring Plan To Appear In Wks

Παρ, 28 Αυγούστου 2009 - 17:58

Ukraine's national natural gas company ended weeks of speculation Thursday when it announced plans to restructure its $500 million Eurobond maturing at the end of next month "in the coming weeks."

Lukoil 2Q Net Profit Slides 44% On Lower Prices

Παρ, 28 Αυγούστου 2009 - 17:52

Russia's second-biggest oil producer OAO Lukoil Holdings (LKOH.RS) Friday said second-quarter net profit dropped 44% on the year as oil prices fell, but beat expectations due to higher downstream sales and output at the Yuzhnoye Khylchuyu field.

6 Powers To Meet Wednesday On Iran's Nuclear Program

Παρ, 28 Αυγούστου 2009 - 17:47

The five permanent members of the U.N. Security Council plus Germany will meet Wednesday for further discussions on Iran's nuclear program, a Russian deputy foreign minister said Friday.

Energy cooperation

Παρ, 28 Αυγούστου 2009 - 15:49

Bulgaria and Turkmenistan said yesterday they are to step up their cooperation in the energy sector to bolster supply security in the Balkan country and beyond to the European Union. In a joint declaration signed by Bulgarian President Georgy Parvanov and his Turkmen counterpart Gurbanguly Berdymukhamedov, the two noted “Turkmenistan’s key role for the energy security of Bulgaria and the European Union.”

PPC turns in a profit for 1st half

Παρ, 28 Αυγούστου 2009 - 15:43

Public Power Corporation reported yesterday a first-half net profit of 412.1 million euros versus a 111.8-million-euro loss last year, on lower power generation costs. Analysts were expecting a figure of 386.4 million euros, according to Reuters. Falling energy prices and boosted hydropower generation due to strong rainfall resulted in a sharp drop in energy costs.

TERNA ENERGY: Results for the first half of 2009

Παρ, 28 Αυγούστου 2009 - 15:41

According to the financial statements of 30/06/2009, which were prepared according to the International Financial Reporting Standards, the results for the first half of 2009 of TERNA ENERGY are as follows: Consolidated sales amounted to 28.8 mn euro compared to 35.9 mn euro during the first half of 2008, thus posting a decrease of 19.6% that is due to a decline in the company’s construction activity towards third parties.

Hellenic Petroleum Reports Positive First Half 2009 Results

Πεμ, 27 Αυγούστου 2009 - 19:32

Hellenic Petroleum announced today the results for the first half of 2009, which provide insight into the way that the corporation is handling the global economic crisis. H.P. delivered strong operating profits in 1H09, however the challenging market environment and global refining fundamentals adversely affected 2Q09 results.

Belarus, Russian Leaders Hold Talks; No Compromises Reached

Πεμ, 27 Αυγούστου 2009 - 19:08

Belarus President Alexander Lukashenko and his Russian counterpart Dmitry Medvedev held talks Thursday that brought no compromise on a number of prickly issues in their fast deteriorating ties.

Russia Invites OPEC To Moscow In Autumn

Πεμ, 27 Αυγούστου 2009 - 19:07

Russia has invited representatives of the Organization of Petroleum Exporting Countries to Moscow in the autumn, the Interfax news agency reported Thursday, citing Energy Minister Sergei Shmatko.

Bulgaria, Turkmenistan To Boost Energy Ties, Aid EU Supplies

Πεμ, 27 Αυγούστου 2009 - 19:05

Bulgaria and Turkmenistan said Thursday they are to step up their cooperation in the energy sector so as to bolster supply security in the Balkan country and beyond to the European Union.

Gazprom, Novatek Discuss Yamal LNG Project

Πεμ, 27 Αυγούστου 2009 - 19:01

Russia's two biggest natural gas producers, OAO Gazprom (GAZP.RS) and OAO Novatek (NVTK.RS), have held a working meeting to discuss production of liquified natural gas, or LNG, on the Yamal peninsula, and will start talks with potential partners, Novatek said Thursday.