1. English Edition

English Edition

International Economic Crisis to Delay Financing for Russia-Kazakhstan Natural Gas JV

International Economic Crisis to Delay Financing for Russia-Kazakhstan Natural Gas JV

Παρ, 27 Φεβρουαρίου 2009 - 18:22

The international financial crisis is likely to delay a planned joint venture between Russia and Kazakhstan, according to Kazakhstan’s energy and mineral resources Minister Sauat Mynbayev. The 2007 agreement provided for the supply of natural gas from the Karachaganak field in Kazakhstan to Gazprom’s Orenburg processing plant.

Kazakhs May Return Electricity To Darkened Region

Kazakhs May Return Electricity To Darkened Region

Παρ, 27 Φεβρουαρίου 2009 - 16:33

Kazakhstan signaled its willingness Friday to resume sending electricity into a shared regional power grid, a day after its decision to halt supply triggered blackouts in neighboring Kyrgyzstan.

Caspian Pipeline Crude Exports Continue Despite Leak

Caspian Pipeline Crude Exports Continue Despite Leak

Παρ, 27 Φεβρουαρίου 2009 - 16:29

The Caspian Pipeline Consortium said in a statement Friday that exports through the pipeline remained unaffected despite a leak on the pipeline, which carries Kazakh crude oil to the Black Sea.

Medvedev: Russia Seeks Energy Cooperation With Norway

Medvedev: Russia Seeks Energy Cooperation With Norway

Παρ, 27 Φεβρουαρίου 2009 - 16:28

Russia wants to cooperate on energy matters with Norway, a neighbor that has sought access to Russia's huge Arctic gas reserves, President Dmitry Medvedev was quoted as saying Friday.

Enel: Cap Hike Is Being Considered After Endesa Buy

Enel: Cap Hike Is Being Considered After Endesa Buy

Παρ, 27 Φεβρουαρίου 2009 - 16:26

Shares in Italy's biggest utility by market value Enel SpA (ENEL.MI) Friday fell more than 7% after it said it is considering a capital increase to slash its massive debt pile.

MOL CFO Sees Stable Oper Costs, Solid Fincl Position

MOL CFO Sees Stable Oper Costs, Solid Fincl Position

Παρ, 27 Φεβρουαρίου 2009 - 16:25

Hungarian oil and gas company MOL Nyrt. (MOL.BU) will strictly monitor costs in 2009 in order to maintain its solid financial position, MOL Chief Financial Officer Jozsef Molnar said Friday.

Norway Energy Cos, SSE,RWE Link Up For UK Offshore Wind Bids

Norway Energy Cos, SSE,RWE Link Up For UK Offshore Wind Bids

Πεμ, 26 Φεβρουαρίου 2009 - 17:45

Norway's oil major StatoilHydro ASA (STO) and renewable energy generator Statkraft, U.K. utility Scottish and Southern Energy PLC (SSE.LN) and German utility RWE AG (RWE.XE) have formed a consortium to bid for U.K. offshore wind licenses, the companies said Thursday.

EnBW Requests 2nd Extension Of Cartel Probe Of EWE Stake Buy

EnBW Requests 2nd Extension Of Cartel Probe Of EWE Stake Buy

Πεμ, 26 Φεβρουαρίου 2009 - 17:43

German utility EnBW Energie Baden-Wuerttemberg AG (EBK.XE) Thursday said it has requested a further extension of the Federal Cartel Office's investigation into the company's planned purchase of a 26% stake in regional utility EWE AG.

EU Trio Targets Tougher List Of Iran Sanctions

EU Trio Targets Tougher List Of Iran Sanctions

Πεμ, 26 Φεβρουαρίου 2009 - 17:42

France, Germany and the U.K. - the so-called E.U.3 - are proposing a tough list of additional sanctions to be imposed against Iran in order to give the Obama administration more muscle in its expected engagement of the Islamic republic, The Financial Times reports Thursday.

Ramco Energy Signs Joint Venture With Iraqi Drilling Co

Ramco Energy Signs Joint Venture With Iraqi Drilling Co

Πεμ, 26 Φεβρουαρίου 2009 - 17:40

Ramco Energy, the Aberdeen-based energy investment company, said Thursday that the joint venture between the state owned, Iraqi Drilling Company (IDC) and Ramco's associated company Mesopotamia Petroleum Company (MPC) has been signed by MPC, IDC and the Iraqi Ministry of Oil Thursday in Baghdad.

Gazprom Warns Of March Gas Cut If Ukraine Debt Unpaid

Gazprom Warns Of March Gas Cut If Ukraine Debt Unpaid

Πεμ, 26 Φεβρουαρίου 2009 - 17:39

Russian energy giant Gazprom (GAZP.RS) has warned it will again cut off gas to Ukraine on March 8 if the country does not pay back $400 million of new debts, a newspaper report said Thursday.

KazMunaiGas Expects Significant Fall In 4Q Earnings

KazMunaiGas Expects Significant Fall In 4Q Earnings

Πεμ, 26 Φεβρουαρίου 2009 - 17:36

Kazakhstan's London-listed oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ) expects its fourth quarter earnings to have fallen "significantly" from the previous quarter due to falling oil prices, the company said Wednesday without giving any figures.