English Edition

Iraq Bid Round Final Model Contract, Terms Sent To Intl Cos

Δευ, 27 Απριλίου 2009 - 20:26

The Iraqi oil ministry has sent out to international oil companies the final model contract and tender protocol for the eight oil and gas fields included in its landmark first bid round, ministry sources and company officials said Monday.

Sberbank Gives Gazprom $3B Loan To Pay For Gazprom Neft Stake

Δευ, 27 Απριλίου 2009 - 20:24

Russian state bank OAO Sberbank (SBER.RS) has provided gas giant OAO Gazprom (GAZP.RS) a $3 billion loan for five years to pay for a 20% stake in its oil arm OAO Gazprom Neft (SIBN.RS), the bank said Friday.

Greek-Bulgarian energy agreement

Δευ, 27 Απριλίου 2009 - 15:28

Greece is scheduled to sign a new bilateral agreement with Bulgaria today in the context of the energy summit on the security of Europe’s natural gas supply. Headed by Prime Minister Costas Karamanlis and Development Minister Costis Hatzidakis, the Greek delegation will agree a series of energy cooperation matters with the neighboring country and in particular the construction of a natural gas pipeline linking Komotini in northeastern Greece with Haskovo in Bulgaria, the new power link between the two states and the Burgas-Alexandroupolis oil pipeline, said Hatzidakis.

Sofia Summit: Greece calls for alternative energy routes

Δευ, 27 Απριλίου 2009 - 15:21

Prime Minister Costas Karamanlis speaks on the first day of the energy conference in Sofia, stressing the importance of a balanced mix of supplies, sources and routes for a successful energy strategy. Prime Minister Costas Karamanlis stressed the importance of alternative energy supplies and of a common European energy strategy, at the energy summit that opened yesterday in Sofia and concludes today.

Energy Summit: Go Ahead For All Gas Projects

Κυρ, 26 Απριλίου 2009 - 18:31

All gas projects in the wider Black Sea and Caspian regions and South East Europe need to go forward, reads the final declaration of Natural Gas for Europe: Security and Partnership, the April 24-25 energy summit in Sofia, Bulgaria. “Rapid development of international gas infrastructure, pipelines, LNG terminals and strategic storage depots will guarantee diversification of gas supplies to Europe in a sustainable and viable way,” the document reads.

Interconnectivity And Interdependence Are Key To SE Europe’s Energy Security

Παρ, 24 Απριλίου 2009 - 19:56

Interconnectivity is the key to effective diversification of gas resources and should underlie a new regional – and pan-European – strategy for energy security. This was the message carried Friday, April 24 in Sofia, Bulgaria by speakers at the Energy Business Forum. The event was the business-facing opener of “Natural Gas for Europe: Security and Partnership”, an energy summit with politicians from 29 countries of the Black Sea and Caspian region, Central Asia, the Middle East, the EU and the US in attendance.

EU's Barroso Says He Has Sarkozy's Support To Stay

Παρ, 24 Απριλίου 2009 - 13:21

European Commission president Jose Manuel Barroso said Friday he has the support of French President Nicolas Sarkozy to stay in his post and took a swipe at France's left-wing opposition.

World's Top Polluters In Final Round Of Climate Talks

Παρ, 24 Απριλίου 2009 - 13:19

Environment ministers of the world's top polluters entered a final round of climate change talks Friday, with agreement expected on stemming the loss of biodiversity.

Eni 1Q Net Profit Tops View; Trims 09 Output Growth

Παρ, 24 Απριλίου 2009 - 13:18

Eni SpA (E), Italy's biggest oil and natural gas company by market capitalization, Friday said first-quarter net profit tumbled 43% on the year, but beat expectations, as crude prices slumped and on weaker hydrocarbon production.

Kazakhstan Nuclear Co Inaugurates 3,000 Ton/yr Uranium Mine

Παρ, 24 Απριλίου 2009 - 13:17

Kazakh state nuclear company Kazatomprom, Canada's Uranium One Inc. (UUU.T) and a group of six Japanese companies, including Toshiba Corp. (6205.TO), Friday inaugurated a joint uranium mine in southwestern Kazakhstan that will produce 3,000 metric tons of uranium a year.

EDP To Invest EUR3B In Five New Dams Until 2016

Παρ, 24 Απριλίου 2009 - 13:15

Utility EDP Energias de Portugal SA (EDP.LB) will invest about EUR3 billion to build five dams and to boost the capacity of six others until 2016, state-owned news agency Lusa reported late Thursday.

Terna OKs 66% Stake Sale In Terna Participacoes For EUR809M

Παρ, 24 Απριλίου 2009 - 13:13

Italian grid Terna SpA (TRN.MI) said Friday it agreed to sell a 66% stake in Brazil's Terna Participacoes SA (TRNA4.BR) for 2.33 billion Brazilian reals (EUR809 million) to Companhia Energetica Minas Gerais (CIG), or CEMIG, as it seeks resources to invest in the Italian network.