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Russia Unlikely To Take Part In OPEC May 28 Meetin

Πεμ, 21 Μαΐου 2009 - 19:39

Russia is unlikely to take part in the meeting of the Organization of the Petroleum Exporting Countries, or OPEC, set for May 28, the Interfax news agency reported Thursday, citing the country's First Deputy Prime Minister Igor Sechin.

Italy To Have 1st Nuclear Power Plant By 2018

Πεμ, 21 Μαΐου 2009 - 19:36

Italy will generate nuclear power by 2018 as the government introduces rules to bring back the energy source for the first time since a 1987 ban, Industry Minister Claudio Scajola said Thursday.

Russian, EU Leaders Meet In Far East For Summit To Mend Ties

Πεμ, 21 Μαΐου 2009 - 19:35

Russian and European Union leaders met Thursday for a summit in a Trans-Siberian Railway city deep in Russia's Far East, seeking to set their rocky relationship back on track after a series of crises.

TNK-BP 1Q Net Pft More Than Halved On Low Prices

Πεμ, 21 Μαΐου 2009 - 19:34

U.K. oil major BP PLC's (BP) Russian joint venture TNK-BP Ltd.'s net profit more than halved in the first quarter due to lower oil prices and despite an increased in production, the company said Thursday.

Russia Close To New Ukraine Gas Crisis

Πεμ, 21 Μαΐου 2009 - 19:32

Russia and Ukraine may be close to a new gas crisis as Kiev faces difficulties making payments, an official accompanying Prime Minister Vladimir Putin to Kazakhstan was quoted as saying Thursday.

Ministry Appoints Four Advisors for DEPA Sale

Πεμ, 21 Μαΐου 2009 - 19:20

The government has picked four investment banks to advise it on the planned sale of a stake in state-controlled natural-gas monopoly DEPA, sources said yesterday. “Greece has hired Alpha Bank, Deutsche Bank, Rothschild and UBS,” said an Economy and Finance Ministry official who declined to be named, according to Reuters.

Russia, Greece Sign on South Stream

Πεμ, 21 Μαΐου 2009 - 19:15

Russian gas monopoly Gazprom yesterday signed agreements with several partners, including Greece, to construct the South Stream pipeline, seen as a rival to the EU-led Nabucco project, the company said. Gazprom signed agreements with Bulgaria, Serbia and Greece to create joint ventures to carry out feasibility studies on the building of the South Stream gas pipeline to go through their territories.

IEA:World Pwr Demand Could Fall Up To 3.5% In 09 On Econ Woes

Τετ, 20 Μαΐου 2009 - 19:08

Global electricity demand could drop by up to 3.5% this year compared with the previous year due to the financial crisis and economic downturn, the International Energy Agency said in a new report.

Iraq To Impose 35% Corporate Tax On Foreign Oil Cos

Τετ, 20 Μαΐου 2009 - 19:06

Iraq's cabinet has approved a bill that will slap foreign oil firms with a minimum 35% corporate tax in a bid to boost government revenues, government spokesman Ali al-Dabbagh said Wednesday.

Gazprom Exec: May Lower '09 Fin Investments By 30%

Τετ, 20 Μαΐου 2009 - 19:05

Russian gas producer OAO Gazprom (GAZP.RS) may lower its financial investments 30% this year compared to 2008, the Interfax news agency reported Wednesday, citing the company's Deputy Chief Executive Valery Golubev.

Con Edison Plans More Than $7B In Power-Delivery Upgrades

Τετ, 20 Μαΐου 2009 - 19:04

Consolidated Edison Inc. (ED) announced plans to spend more than $7 billion in upgrading its electricity-delivery system the next five years, including $1.5 billion in 2009, as the New York City-based utility replaces some 2,000 miles of cable this year.

EDF CEO: Constellation Deal Should Be Completed By End Of 3Q

Τετ, 20 Μαΐου 2009 - 19:02

Electricite de France SA's (EDF.FR) deal to buy half of U.S. partner Constellation Energy Group Inc.'s (CEG) nuclear assets should be completed before the end of September, Chief Executive Pierre Gadonneix said Wednesday.

Areva Sold Stake In GDF Suez And Total

Τετ, 20 Μαΐου 2009 - 19:00

French state-controlled nuclear company Areva SA (CEI.FR) recently sold its stakes in French utility giant GDF Suez (GSZ.FR) and French oil major Total SA (TOT), a person familiar with the matter said Wednesday.

Eni Wants To Sign $1.5B Iranian Oil Field Deal

Τετ, 20 Μαΐου 2009 - 18:59

Italian energy firm Eni SpA (E) wants to sign a $1.5 billion deal to develop the third phase of Iran's Darkhovin oil field, Iranian government-controlled Press TV reports on its Web site Wednesday, citing a spokesman for Iran's Oil Engineering and Development Co.

Alliance Against «Harbor Smog» – Siemens And Stadtwerke Lübeck To Cooperate On Shoreside Power Supply Projects

Τετ, 20 Μαΐου 2009 - 10:33

Siemens Energy and the Lübeck municipal utilities have agreed a partnership on the implementation on projects for shoreside power supply to ships berthed in port. The two companies have now signed a cooperation agreement to that effect. The agreement regulates cooperation relating to the acquisition, planning and execution of shoreside power supply projects

Europe's Need Fuels Iraq Gas Pact

Τρι, 19 Μαΐου 2009 - 20:13

Two European energy firms said they would invest up to $8 billion in a project in the northern Iraqi region of Kurdistan, in a push to make the country a major exporter of natural gas to Europe. The plan by OMV AG of Austria and Hungary's MOL Nyrt. was intended in part to boost the troubled Nabucco pipeline project to bring natural gas from Central Asia and the Middle East to Europe, which could lessen the continent's reliance on gas imports from Russia.