English Edition

PPC Downgraded, Seen Reporting Loss

Τρι, 24 Μαρτίου 2009 - 13:21

Public Power Corporation (PPC) is expected today to report its first annual loss since it was listed on the Athens bourse eight years ago, due to high electricity generation costs and expensive power imports.

Greece's PPC Swings To Net Loss Of EUR305.9M For 2008

Τρι, 24 Μαρτίου 2009 - 13:06

Greece's 51%-state-owned electricity utility, Public Power Corp. SA (PPC.AT), Tuesday said it swung to a net loss of EUR305.9 million for 2008 on higher costs related to fuel, energy and carbon dioxide emissions expenses, but reiterated its guidance for 2009.

EU Decision Makers Reach Deal On Energy Market Reform

Τρι, 24 Μαρτίου 2009 - 13:05

European Union decision makers reached late Monday night an agreement over new rules to limit energy giants' grip on electricity grids and gas pipelines.

France To Compensate Nuclear Test Participants

Τρι, 24 Μαρτίου 2009 - 13:03

The French government is to offer compensation to people who suffered health problems as a result of more than 30 years of its nuclear tests, the BBC reports on its Web site Tuesday.

EU's Baltic States Still Islands In Power Market

Τρι, 24 Μαρτίου 2009 - 12:59

Five years since they joined the European Union, the bloc's Baltic states are still barely plugged into its electricity network and remain hooked to the grid of their Soviet-era master Moscow.

Turkey's Enka Insaat Posts Higher Net Pft, Sales

Τρι, 24 Μαρτίου 2009 - 12:56

Turkish construction and energy company Enka Insaat (ENKAI.IS) reported a rise in 2008 net profit on the back of higher sales, the Ihlas News Agency, or IHA, reported Tuesday.

Alstom Secures EUR500M Deal For Two Boilers With RWE Power

Τρι, 24 Μαρτίου 2009 - 12:54

French power and transport engineering company Alstom SA (ALO.FR) said Tuesday it has secured a EUR500 million contract for boilers at a Dutch coal-fired power station.

Poland To Transfer 2008-09 CO2 Permits To Cos In Days

Τρι, 24 Μαρτίου 2009 - 12:48

Poland will transfer carbon dioxide emission rights for 2008 and 2009 to local companies participating in the European Union's Emission Trading Scheme within days, Rzeczpospolita daily reports Tuesday.

Iraq Min: Foreign Oil Companies Welcome In Country

Τρι, 24 Μαρτίου 2009 - 12:43

Iraq is ready to welcome back foreign oil companies such as France's Total SA (TOT), French business daily La Tribune reported, quoting an interview with Iraqi oil minister Hussein Shahristani.

E.ON In Talks With Federal Network Agency On EU Pipeline

Δευ, 23 Μαρτίου 2009 - 19:45

Germany's E.ON AG (EOAN.XE) Monday said that E.ON Gastransport is currently holding talks with the Federal Network Agency on early completion of the so-called open season procedure.

E.ON Sells Its Stakes In 2 JVs With Turcas To RWE Unit

Δευ, 23 Μαρτίου 2009 - 19:43

Turkish fuel distributor and energy firm Turcas Petrol AS (TRCAS.IS) said Monday German energy utility E.ON AG (EOAN.XE) has sold its stakes in two joint ventures to RWE Holding, the Turkish unit of German utility RWE AG (RWE.XE), Ihlas News Agency, or IHA, reported.

Saipem Gets $1.8 Bln Onshore Gas Contract In Algeria

Δευ, 23 Μαρτίου 2009 - 19:42

Saipem SpA (SPM.MI), Europe's biggest oil services company by market value, said Monday it got a natural gas onshore contract in Algeria worth about $1.8 billion.

EU Boosts IMF Funding, Aid For Eastern Economies

Δευ, 23 Μαρτίου 2009 - 19:39

The European Union said Friday it would boost its contributions to the International Monetary Fund by EUR75 billion and raise the ceiling on a facility to help out troubled EU economies in Eastern Europe.

Total, Chevron, StatoilHydro In Iraqi Oil Deal Talks

Δευ, 23 Μαρτίου 2009 - 19:38

Iraq has invited Total SA (TOT), Chevron Corp. (CVX), StatoilHydro ASA (STO) and a fourth company to negotiate a contract for the super giant Nahr Bin Umar oil field in southern Iraq, a senior Iraqi oil official involved in talks with international oil companies told Dow Jones Newswires Monday.

S&P: Generous Divs Could Hurt European Oil Co Ratings

Δευ, 23 Μαρτίου 2009 - 19:37

The ratings of integrated European oil companies BP PLC (BP), Royal Dutch Shell PLC (RDSB.LN) and Eni SpA (E) could come under pressure because they plan to continue large dividend payouts despite the big drop in the price of oil, rating agency Standard & Poor's said Monday.

A Ministry for the Environment

Δευ, 23 Μαρτίου 2009 - 16:23

Environment and Public Works Minister Giorgos Souflias yesterday heralded the creation of a separate environment ministry during the first six months of next year, and proposed that public works be overseen by a new ministry.