English Edition

Serbia signs deal to upgrade natural gas storage facility

Δευ, 13 Απριλίου 2009 - 14:06

Srbijagas, Serbia’s natural gas distributor, signed a contract with Austria’s Heat group to upgrade the Balkan country’s largest storage facility as it seeks to ensure supplies after disruptions in January. The underground storage in the northern town of Banatski Dvor will have a daily output capacity of as much as 5 million cubic meters of gas after modernization, Chief Executive Officer Dusan Bajatovic said.

GDF Suez:May Have Equivalent 3-4 EPR Reactors By '20

Παρ, 10 Απριλίου 2009 - 16:07

French utility GDF Suez SA's (GSZ.FR) capacity to generate nuclear power may increase by 2020 to the equivalent of between three and four EPR reactors, a company executive said Thursday.

Polish PGNiG To Sign LNG Contract Within Weeks

Παρ, 10 Απριλίου 2009 - 16:05

Polish gas monopoly Polskie Gornictwo Naftowe i Gazownictwo will sign a long-term contract to buy liquified natural gas within weeks, company deputy president Radoslaw Dudzinski told Gazeta Prawna daily newspaper.

Refiners Face More Pain From Weak Demand

Παρ, 10 Απριλίου 2009 - 16:03

The International Energy Agency Friday warned weak demand and high stock levels would depress global refinery runs for the next six months.

Iraq PM To Hold Talks Fri With Russia's PM

Παρ, 10 Απριλίου 2009 - 16:01

Iraqi Prime Minister Nouri al-Maliki was to hold summit talks with Russian leaders Friday as Moscow seeks to restore its economic and political influence in Baghdad six years after the U.S. invasion.

Repsol, OMV, NOC Hit Oil Off Libya's Coast

Παρ, 10 Απριλίου 2009 - 15:59

A consortium led by Spanish oil firm Repsol SA (REP) found oil in the NC202 block of the Sirte basin off Libya's coast, Libya's National Oil Corp., or NOC, said on its Web site.

Russia Seeks To Calm Turkmen Gas Row

Παρ, 10 Απριλίου 2009 - 15:57

Russia said Friday it hopes that a row with Turkmenistan over a pipeline blast that halted Turkmen gas supplies to Russia will be settled, after a rare outburst of emotion from Ashgabat.

IEA Axes Demand Forecast Again On Global Recession

Παρ, 10 Απριλίου 2009 - 15:10

The International Energy Agency on Friday cut its 2009 world oil demand forecast by a hefty 1 million barrels a day from earlier projections and said the global economic recession could yet force further reductions to consumption.

Nordex AG To Install 15 Turbines At Wind Farm In Italy

Πεμ, 9 Απριλίου 2009 - 18:03

German wind power turbine maker Nordex AG (NDX1.XE) said Thursday it is installing another wind farm in Italy.

UK Offshore Oil Exploration -78% In 1Q '09 Vs 1Q '08

Πεμ, 9 Απριλίου 2009 - 18:01

The number of offshore oil and gas exploration wells drilled in U.K. waters in the first quarter of 2009 was down 78% from the same period a year earlier as companies cut back in difficult economic circumstances, said a report from consultancy Deloitte Thursday.

Czech CEZ Buys 100% Of Local Biomass Power Generator

Πεμ, 9 Απριλίου 2009 - 18:00

Czech power utility CEZ AS (BAACEZ.PR) said Thursday it has bought a 100% stake in Czech Heat AS, a privately-held Czech operator of a biomass power and heating co-generation plant in southern Czech Republic.

Gazprom May Revise Timeframe For Priority Projects

Πεμ, 9 Απριλίου 2009 - 17:58

Russian gas firm OAO Gazprom (GAZP.RS) may revise the timeframe for some of its priority projects including developments on the Yamal peninsula, the Interfax news agency said Thursday citing the company's Deputy Chief Executive Valery Golubev.

Gazprom Gains Foothold In US LNG Mkt With Shell Swap Deal

Πεμ, 9 Απριλίου 2009 - 17:57

Russian gas monopoly OAO Gazprom (GAZP.RS) gained its first direct foothold in the U.S. gas market Thursday after signing a new agreement with Royal Dutch Shell PLC (RDSB.LN) to swap a million metric tons a year of liquefied natural gas destined for North America for the equivalent amount of natural gas delivered by pipeline in Europe.

Turkmen Govt: Pipeline Repairs To Take 2-3 Days

Πεμ, 9 Απριλίου 2009 - 17:55

The rupture of a gas pipeline in Turkmenistan, which caused a suspension in Turkmen gas supplies to Russia, will be repaired within two to three days, the Ria Novosti news agency reports on its Web site Thursday, citing a source in the Turkmen government.

Iraq Invites Brazil's Petrobras To Build Refinery

Πεμ, 9 Απριλίου 2009 - 17:54

Brazil's government-controlled energy giant Petrobras (PBR) has received an invitation from Iraq's government to build an oil refinery in that country, local financial newspaper Valor Economico reported Thursday.

GDF Suez, Partners Eye Building 1, 2 UK Reactors

Πεμ, 9 Απριλίου 2009 - 17:13

French utility GDF Suez SA (GSZ.FR) aims, with its partners, to build "one or two" EPR nuclear reactors in the U.K, a company executive said Thursday in a presentation.