English Edition

Portugal's EDP Expects To Invest EUR666M In 2 Hydro Plants

Παρ, 3 Απριλίου 2009 - 15:49

Energias de Portugal SA (EDP.LB), or EDP, expects to invest EUR666 million to build the Alvito and Fridao hydroelectric power plants in Portugal, Diario Economico says Friday.

Areva CEO:Investment Cuts If No Capital Hike

Πεμ, 2 Απριλίου 2009 - 17:24

Areva CEO: Investment Cuts If No Capital Hike- Report" published at 0952 GMT misstated the quality of assets in the third paragraph. The error was also contained in a story published at 0929 GMT.) (Adds further comments from Areva CEO.)

Poland To Transfer 08, 09 CO2 Rights To Cos In Days

Πεμ, 2 Απριλίου 2009 - 17:22

Poland will transfer carbon dioxide emission rights for 2008 and 2009 to companies participating in the European Union's Emissions Trading Scheme in days, a top government official said Thursday.

Total CEO:Iran South Pars Terms Not Attractive Enough

Πεμ, 2 Απριλίου 2009 - 17:20

The terms for investing in the South Pars liquefied natural gas project in Iran aren't currently attractive enough, Total SA (TOT) Chief Executive Christophe de Margerie told delegates at an oil conference Thursday.

OPEC Can Live With Around $50 Oil For Now

Πεμ, 2 Απριλίου 2009 - 17:18

Organization of Petroleum Exporting Countries Secretary General Abdalla Salem el-Badri said Thursday that the producer group can deal with current oil prices of around $50 a barrel, for now, despite the group's desire for even higher prices.

IEA Chief: More Downward Revisions Likely To Oil Demand

Πεμ, 2 Απριλίου 2009 - 17:16

The International Energy Agency Thursday warned that it's likely to make more downward revisions to its global oil demand projections after the International Monetary Fund and other international bodies recently cut their 2009 world economic growth forecasts.

Russia Mar Oil Output Up 0.8% On Mo At 9.8M B/D-Report

Πεμ, 2 Απριλίου 2009 - 17:14

Russia produced an average of 9.798 million barrels a day of crude oil and condensate in March, up 0.8% from February, the Interfax news agency said Thursday, citing Ministry of Industry and Energy statistics.

Iraq March Oil Exports At 1.815M B/D, Up 0.6% On Month

Πεμ, 2 Απριλίου 2009 - 17:13

Iraq's crude oil exports rose slightly to 1.815 million barrels a day in March, up 0.6% from 1.804 million barrels a day in February, the head of the State Oil Marketing Organization told Dow Jones Newswires Thursday.

Gazprom May Increase LNG Production; Sends Warning To EU

Πεμ, 2 Απριλίου 2009 - 17:11

Russia's state-controlled gas firm OAO Gazprom (GAZP.RS) may increase its production of liquified natural gas and send less gas to Europe, the company said late Wednesday in a warning to the European Union over its recent deal with Ukraine.

MOL Chmn Hernadi Regards Surgut's MOL Stake Buy Unfriendly

Τετ, 1 Απριλίου 2009 - 13:37

Hungarian oil and gas company MOL Nyrt. (MOL.BU) firmly stated Wednesday it considers the purchase of a 21.2% stake in MOL by Russia's fourth-largest crude oil producer Surgutneftegas (SNGS.RS) as unfriendly.

Iraq: 9 Companies Qualified For Second Oil Bidding Round

Τετ, 1 Απριλίου 2009 - 13:35

Iraq has selected nine companies, mostly state-owned concerns from emerging markets, to compete in a second oil bidding round, the country's Oil Ministry said.

Slovenia Shuts Down Sole Nuclear Plant For Maintenance

Τετ, 1 Απριλίου 2009 - 13:33

Slovenia shut down Wednesday its sole nuclear power plant for 30 days of regular maintenance work, nearly a year after an incident there triggered a Europe-wide alert, authorities said.

Russia Gas To Balkans Halted By Moldova Pipe Blast

Τετ, 1 Απριλίου 2009 - 13:32

An explosion on a pipeline running through Moldova has halted deliveries of Russian natural gas to the Balkans, a gas transit company in the country's Transdniestr region told AFP.

OMV Says Will Adjust Growth Strategy On World Econ Devts

Τετ, 1 Απριλίου 2009 - 13:30

OMV AG (OMV.VI), Austria's largest oil company, will scale back its "aggressive" growth strategy of recent years amid changing world economic conditions but continue to seek opportunities in the Middle East, a senior company official said Wednesday.

KazMunaiGas E&P Board Recommends Paying KZT656/Shr Dividend

Τετ, 1 Απριλίου 2009 - 13:28

London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ) said Wednesday its board of directors recommended a dividend of 656 tenge per share ($4.34) for 2008.

EU Aims To Open Energy Markets

Τετ, 1 Απριλίου 2009 - 13:16

A bid by the European Union to increase competition in its energy markets largely failed, but officials are pursuing a similar goal by using the EU's antitrust powers.