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RWE Posts Net Loss In German Retail Pwr Customers In 2008

RWE Posts Net Loss In German Retail Pwr Customers In 2008

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.

Gazprom May Revise 2009 Spending Program After 1Q

Gazprom May Revise 2009 Spending Program After 1Q

Russia's OAO Gazprom (GAZP.RS) may revise its capital investment program for 2009 after the first quarter, a spokesman said Wednesday following reports in Russian media that the company is considering cutting capital expenditure by 200 billion rubles ($5.6 billion).

Iran Says Nuclear Plant Tests To Last Up To 7 Mos

Iran Says Nuclear Plant Tests To Last Up To 7 Mos

The head of Iran's Atomic Energy Organization said Wednesday that its first nuclear power plant will undergo tests for up to seven months before becoming operational.

TNK-BP Mulls Oil, Gas Projects In Middle East

TNK-BP Mulls Oil, Gas Projects In Middle East

Anglo-Russian oil joint venture TNK-BP Holding (TNBP.RS) is studying opportunities for developing prospective oil and gas projects in the Middle East, including Iraq, Yemen and Jordan, according to a Siberian radio news report that TNK-BP published on its own Web site.

38 Foreign Cos Line Up For 2nd Iraq Oil Bid Round

38 Foreign Cos Line Up For 2nd Iraq Oil Bid Round

Thirty-eight international oil companies registered at the Iraqi oil ministry to bid for the 11 groups of oil and gas fields put up for a second bidding round by Iraq at the end of last year, a senior Iraqi oil official said Tuesday.

Repsol May Bid For Contract At Up To 19 Iraq Fields

Repsol May Bid For Contract At Up To 19 Iraq Fields

Spanish oil company Repsol YPF SA (REP) could bid for engineering and construction contracts at as many as 19 oil fields in Iraq, Cinco Dias reports Wednesday, citing company sources.

Hungary Parliament To Vote In Spring On Nuclear Expansion

Hungary Parliament To Vote In Spring On Nuclear Expansion

The Hungarian government plans to submit a proposal to parliament in the spring on a minimum two-fold capacity expansion of the country's only nuclear power plan Paksi Atomeromu Zrt., Energy and Transport Minister Csaba Molnar said Wednesday.

Lukoil Cuts Overseas Capex By 20% In 2009

Lukoil Cuts Overseas Capex By 20% In 2009

Russian oil producer OAO Lukoil Holdings (LKOH.RS) plans to reduce capital investments by at least 20% this year, but says it won't affect production volumes, the Interfax news agency reported Tuesday citing Andrei Kuzyaev, head of the company's overseas operations.

Alstom: Not Interested In Buying Siemens Stake In Areva NP

Alstom: Not Interested In Buying Siemens' Stake In Areva NP

French power-station equipment and train maker Alstom SA (1022047.FR) isn't eyeing a stake in compatriot Areva's (CEI.FR) nuclear unit Areva NP, which is being sold by Siemens AG (SI), a spokesman for the company said Tuesday.

BP Azeri Consortium Jan Oil Output Up 9.8% On Mo At 2.9M Tons

BP Azeri Consortium Jan Oil Output Up 9.8% On Mo At 2.9M Tons

The BP PLC (BP)-led consortium that operates Azerbaijan's Azeri-Chirag-Guneshli block in the Caspian Sea produced 2.9 million tons of oil in January, up 9.8% from December, Azerbaijan's state statistics agency said late Monday.

KazMunaiGas EP: Proved Plus Probable Reserves Up 0.5%

KazMunaiGas EP: Proved Plus Probable Reserves Up 0.5%

Kazakh London-listed oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ) said Tuesday its proved plus probable reserves increased 0.5% to 241.2 million metric tons, or 1.78 billion barrels.

TNK-BP Again In Talks With Denis Morozov

TNK-BP Again In Talks With Denis Morozov

Anglo-Russian oil joint venture TNK-BP Holding (TNBP.RS) has restarted talks with former Norilsk Nickel (GMKN.RS) Chief Executive Denis Morozov to become the new head of the company, the Vedomosti daily reports Tuesday citing sources close to Morozov.