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E.ON Confirms 2010 EBIT Outlook

Τετ, 13 Μαΐου 2009 - 17:02

German utility E.ON AG (EOAN.XE) Wednesday confirmed its 2010 outlook for a 10% rise in adjusted earnings before interests and taxes, or EBIT, to around EUR11 billion.

OPEC Says Output Rose In Apr;Cuts Demand Forecast

Τετ, 13 Μαΐου 2009 - 17:01

Organization of Petroleum Exporting Countries OPEC Wednesday said its oil output rose in April for the first time since July 2008, despite worsening prospects for global oil demand this year, rising inventories and risks of a fresh fall in crude prices.

Abu Dhabi Natl Oil Co Says Projs On Track Despite Econ Crisis

Τετ, 13 Μαΐου 2009 - 17:00

Abu Dhabi National Oil Company, or Adnoc, is "strongly" going ahead with its projects, despite the global economic crisis, U.A.E.'s national news agency, or WAM, reports Wednesday.

Turkish PM Reassures Azerbaijan Over Karabakh Dispute

Τετ, 13 Μαΐου 2009 - 16:59

Turkish Prime Minister Recep Tayyip Erdogan said Wednesday that Turkey won't open its border with Armenia before the neighboring country ends its "occupation" of the disputed Nagorno Karabakh region, Turkish newspaper Hurriyet reports on its Web site.

IEA expects energy use by new electronic devices to triple by 2030 but sees considerable room for more efficiency

Τετ, 13 Μαΐου 2009 - 15:30

The International Energy Agency (IEA) calls on governments to urgently implement policies to make electronic devices such as televisions, laptops and mobile phones more energyefficient. Presenting the new IEA publication Gadgets and Gigawatts today in Paris, IEA Executive Director Nobuo Tanaka said “that despite anticipated improvements in the efficiency of electronic devices, these savings are likely to be overshadowed by the rising demand for technology in OECD and non-OECD countries”.

Turkish PM Off To Azerbaijan To Allay Fears Over Armenia Ties

Τρι, 12 Μαΐου 2009 - 19:21

Prime Minister Recep Tayyip Erdogan flew to Azerbaijan on Tuesday to reassure its leaders that Turkey's efforts to reconcile with Armenia won't undermine Azerbaijan's interests.

Gazprom Agrees On Greek DESFA Role In S Stream Proj

Τρι, 12 Μαΐου 2009 - 19:12

Russian gas company OAO Gazprom (GAZP.RS) and Greek gas company DESFA have agreed to set up a consortium to build the South Stream gas pipeline section across Greece, Russian news agency RIA Novosti reports on its Web site Tuesday, citing a source close to the negotiations.

Gazprom, Japan To Study Gas Supplies From Vladivostok

Τρι, 12 Μαΐου 2009 - 19:10

Russian gas firm OAO Gazprom (GAZP.RS) has signed a memorandum with Japan on preparing a feasibility study for gas supplies from Vladivostok to Japan and other countries in the Asia-Pacific region, the company said Tuesday.

Gazprom,Serbia's Srbijagas To Sign South Stream Deal

Τρι, 12 Μαΐου 2009 - 19:07

Serbia's state gas firm, Srbijagas, will sign a basic agreement with Russian gas giant OAO Gazprom (GAZP.RS) Thursday to develop a section of the South Stream pipeline, the Serbian company said Tuesday.

Eni To Spend $1.5B Over 5-Yr Period In Egypt Hydrocarbon Deal

Τρι, 12 Μαΐου 2009 - 19:05

Eni SpA (E), Italy's biggest energy company by market value, said Tuesday it has agreed to two new hydrocarbon projects in Egypt that would involve a financial commitment of $1.5 billion over the next five years.

Eni CEO To Go To Russia Wed On South Stream; Still No Deal

Τρι, 12 Μαΐου 2009 - 19:00

Eni SpA (E) Chief Executive Paolo Scaroni said Tuesday he will meet with Russian officials Wednesday to seek a deal on the South Stream natural gas pipeline project it has with OAO Gazprom (GAZP.RS), as the two energy companies appear to be far from agreement.

Algeria Says OPEC To Keep Output Level If Prices Climb

Τρι, 12 Μαΐου 2009 - 18:57

The Organization of Petroleum Exporting Countries, or OPEC, will maintain its current production levels at its next meeting if oil prices continue to climb, Algeria's oil minister, Chakib Khelil, said Tuesday, according to the Kuwait News Agency. "There is no need to change the level of production if oil prices keep increasing like they are now," Khelil said, according to the official Kuwaiti agency, also known as KUNA.

Bankers Petroleum Gets USD110mn Loan For Albanian Operation

Τρι, 12 Μαΐου 2009 - 14:43

Canada-based Bankers Petroleum announced that it had finalized loan agreements with the International Finance Corporation and European Bank for Reconstruction and Development for reserve-based long-term financing of up to USD110 million. The credit will be used to fund capital requirements and working capital needs for the oil and gas company's projects in Albania.