English Edition

Brazil Vale, Italy's Eni Discover Gas In Offshore Block

Δευ, 27 Ιουλίου 2009 - 19:13

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

Russian Min Says May Ease Foreign Access To Resources

Παρ, 24 Ιουλίου 2009 - 18:58

Russia may review legislation restricting foreign access to its natural resources, as economic conditions have changed since the current laws were approved, the Interfax news agency reported Friday citing Natural Resources and Ecology Minister Yury Trutnev.

Gazprom Sees 2010 Capex At RUB645 Bln

Παρ, 24 Ιουλίου 2009 - 18:57

Russian gas firm OAO Gazprom (GAZP.RS) plans capital spending in 2010 of 645 billion rubles ($24.9 billion), the Interfax news agency reported Friday, citing the company's Deputy Chief Executive Alexander Ananenkov.

Edison 1H Net Profit +20% To EUR122M After 08 Charges

Παρ, 24 Ιουλίου 2009 - 18:54

Italian energy company Edison SpA (EDN.MI) said Friday its first-half net profit rose 20% on year after 2008 earnings were hit by special tax charges.

Iraqi Prime Minister Says Investments Will Be More Secure

Παρ, 24 Ιουλίου 2009 - 18:51

Iraqi Prime Minister Nouri Al-Maliki told potential U.S. investors Friday that his country's strengthened security and regulations have made it a safer place in which to do business.

EU Trying To Prevent New Russia-Ukraine Row Over Gas

Παρ, 24 Ιουλίου 2009 - 18:50

The European Union is trying to head off another damaging gas row between Russia and Ukraine amid fears that crucial supplies to Europe could again be cut off this winter.

Edison Says At Least 3 Eyeing Abu Qir Stake; More Seen

Παρ, 24 Ιουλίου 2009 - 18:49

Italian energy company Edison SpA (EDN.MI) has received interest from at least three parties for a stake in the Egyptian natural gas field Abu Qir field, Chief Executive Umberto Quadrino said Friday.

No worries over Bulgaria pipeline talk

Παρ, 24 Ιουλίου 2009 - 16:39

Athens is actively following, but not particularly worried about, the statements coming from candidate members of the government in Bulgaria regarding the possible cancellation of the Burgas-Alexandroupolis oil pipeline project.

Russia's Gazprom Sells Bonds

Πεμ, 23 Ιουλίου 2009 - 18:51

Russian natural-gas monopoly OAO Gazprom has become the latest emerging-market borrower to take advantage of rising risk appetite to sell bonds on the international capital markets, raising the equivalent of $2.5 billion in a two-part offering.

Gazprom May Delay Shtokman Indefinitely

Πεμ, 23 Ιουλίου 2009 - 18:49

Gazprom (GAZP.RS) may choose to delay its huge Shtokman gas condensate field indefinitely, Alfa Bank says following news development of the field may be postponed depending on market conditions.

Iran Discovers 46 Oil Fields In Caspian Sea

Πεμ, 23 Ιουλίου 2009 - 18:48

Iran has identified 46 oil exploration fields in the Caspian Sea, Iranian state-run PressTV reports on its Web site Thursday, citing Iranian Oil Minister Gholam-Hossein Nozari.

Italian, French Nuclear Bodies Sign Power Research Accord

Πεμ, 23 Ιουλίου 2009 - 18:47

France and Italy signed an agreement Wednesday to cooperate on research into nuclear power and renewable energy, the first concrete step under a joint venture agreed at a bilateral summit in February.

Israel Electric Corp Reaches $1B Gas Deal With Yam Tethys

Πεμ, 23 Ιουλίου 2009 - 18:45

Israel's state-owned electric company has approved a plan under which it will buy $1 billion of natural gas from a local consortium over the next five years, Delek Drilling Ltd. Partnership (DERD.L.TV), one of the members of the consortium, said Thursday.

Georgia Pres Appeals To US For Weapons To Deter Russia

Πεμ, 23 Ιουλίου 2009 - 18:44

Georgian President Mikhail Saakashvili appealed to the U.S. to help him acquire advanced weapons systems in an interview published on The Daily Telegraph's Web site Wednesday.

METKA warning on tender

Πεμ, 23 Ιουλίου 2009 - 16:02

Listed construction company METKA, which focuses on power installations, has warned against a fresh tender for a new electricity plant at Megalopoli in the Peloponnese. The candidate contractor highlighted the serious losses that Public Power Corporation (PPC) is incurring on a daily basis and opposes the views of the PPC union, which has called for a new tender “due to fears of a possible delay in the natural gas pipeline.”

Petrol Ofisi ban

Πεμ, 23 Ιουλίου 2009 - 15:53

Petrol Ofisi, Turkey’s biggest fuel retailer, said yesterday a court had suspended a government ban on the company bidding for state contracts. A court in the capital Ankara on Friday suspended the implementation of the one-year ban, which was imposed in April, during Petrol Ofisi’s legal appeal against the Energy Ministry, the company said in a filing.