English Edition

EDF, GDF-Suez To Join In French Penly Reactor Project

Δευ, 4 Μαΐου 2009 - 18:13

French utilities Electricite de France SA (EDF.FR) and GDF Suez SA (GSZ.FR) will join up to build France's second EPR nuclear power reactors.

Iraq To Award Nassiriyah Oil Field Within Weeks

Δευ, 4 Μαΐου 2009 - 18:11

Iraq is expected to award the contract to develop the giant Nassiriyah oil field in southern Iraq to one of three competing international oil companies within weeks, Iraq's Oil Minister Hussein Al Shahristani said in press remarks published Monday.

PPC wants tough rules for rival power traders

Δευ, 4 Μαΐου 2009 - 15:38

Greece's dominant electricity utility, the Public Power Corporation (PPC), wants the government to impose charges on rivals who cherry-pick its most lucrative clients, a company official said on Thursday. PPC, Western Europe's last state electricity company to lose its monopoly, faces rising competition from rivals entering the power generation and supply business as Greece opens up its energy market to comply with European Union laws.

South Stream

Δευ, 4 Μαΐου 2009 - 15:30

Prime Minister Vladimir Putin said yesterday that Russia and Bulgaria have set aside their differences over the proposed South Stream gas pipeline to Europe, paving the way for an agreement within the next couple of weeks. “We have no disagreements left,” Putin said at a televised news conference with his Bulgarian counterpart.

Zhaikmunai 2008 Net Profit Up 78% On Higher Oil Prices

Πεμ, 30 Απριλίου 2009 - 19:46

Zhaikmunai LP (ZKM.LN), a Kazakhstan-based oil and gas producer, said Thursday its 2008 net income rose 78% on higher oil prices and production levels.

OPEC Exports Seen Down 0.19M B/D In 4 Wks To May 16

Πεμ, 30 Απριλίου 2009 - 19:44

Crude oil exports by the Organization of Petroleum Exporting Countries, excluding Angola and Ecuador, are forecast to fall by 190,000 barrels a day in the four weeks to May 16, tanker tracker Oil Movements said Thursday, as the pace of OPEC cuts appears to stabilize.

Spain To Guarantee EUR10 Bln Of Power Companies' Debt

Πεμ, 30 Απριλίου 2009 - 19:43

Spain's government will guarantee up to EUR10 billion in debt issued by power companies this year to cover the gap between the price Spanish consumers pay for electricity and the cost of producing it.

UK To Launch Tender In June To Connect Offshore Wind To Grid

Πεμ, 30 Απριλίου 2009 - 19:41

U.K. energy regulator Ofgem is to launch the process for the first of two tender rounds for electricity transmission links from offshore wind farms to shore in June, Ofgem's director of offshore transmission told Dow Jones Newswires.

Russia Delivers $450M In Promised Aid To Kyrgyzstan

Πεμ, 30 Απριλίου 2009 - 19:39

Russia has delivered $450 million in loans and grants to the cash-strapped government of Kyrgyzstan, a key component of an aid package that the Kremlin promised to the Central Asian country when Bishkek announced it was evicting U.S. troops from an air base earlier this year.

Eni May Use $4.2B From Gazrom For Small Buys

Πεμ, 30 Απριλίου 2009 - 19:38

Eni SpA (E) Chief Executive Paolo Scaroni Thursday said the Italian company may use the $4.2 billion it received from OAO Gazprom (GAZP.RS) for small acquisitions.

Siemens To Install High-Voltage Direct-Current Transmission System For Private Investor In India – Order Worth About €210 Million

Πεμ, 30 Απριλίου 2009 - 15:41

For the private investor Adani Power Limited (APL) Siemens Energy is to install a high-voltage direct-current (HVDC) transmission system with a capacity of 2,500 megawatts (MW) in India. The order is worth about €210 million. Starting in February 2011, the HVDC system is scheduled to provide low-loss transmission of electrical energy over a distance of approximately 960 kilometers from a coal-fired power plant near the port city of Mundra on India’s west coast to the industrial regions of the state of Haryana in the vicinity of New Delhi.

Nuclear Power

Πεμ, 30 Απριλίου 2009 - 13:33

Funding for Bulgaria’s planned nuclear power plant at Belene must be secured soon, or the multi-billion-euro project will be delayed, a consultant on the scheme said yesterday. The Socialist-led government and German utility RWE have signed a deal to build Bulgaria’s second nuclear power plant by 2014-2015 as part of Sofia’s efforts to recover its position as a major power exporter in the Balkans.

Libya looking into Cypriot energy market

Πεμ, 30 Απριλίου 2009 - 13:31

Libya is looking at energy investment possibilities in Cyprus, the country’s top oil official, Shokri Ghanem, said yesterday. The eastern Mediterranean island is widely expected to offer 12 offshore plots for hydrocarbon exploration in a bidding round this year, and is attempting to introduce liquefied natural gas (LNG) into its energy grid over the next five years.