English Edition

Total CEO Expects Lower '09 Pft But Still Several Bln

Πεμ, 16 Απριλίου 2009 - 16:41

French oil major Total SA's (TOT) full-year result will fall in a "significant way" in 2009, but will still be positive by "several billions," the company's chief executive tells the weekly Challenges magazine in an interview published Thursday.

Turkmenistan Grants Nabucco Partner Exploration Rights

Πεμ, 16 Απριλίου 2009 - 16:40

Energy-rich Turkmenistan gave Caspian Sea exploration rights to a member of the Nabucco pipeline consortium Thursday, the latest sign that it is seeking to diversify export routes away from Russia.

Areva T&D Gets Order For Transformers From Power Grid Corp

Πεμ, 16 Απριλίου 2009 - 16:37

Areva T&D India Ltd. (522275.BY) Thursday said it has received an order from state-run Power Grid Corp. of India Ltd. (532898.BY).

RWE Eyes Strategic Stakes In Polish Power Companies

Πεμ, 16 Απριλίου 2009 - 16:32

RWE AG (RWE.XE) is interested in buying strategic stakes in Polish power companies that come under the government's privatization hammer, Filip Thon, head of RWE Polska said Thursday.

Repsol Director: Spanish Refinery Stoppage To Protect Margins

Πεμ, 16 Απριλίου 2009 - 16:28

Spanish oil company Repsol YPF SA (REP) is halting operations at its 100,000 barrels-a-day capacity Cartagena refinery in order to "protect the margins of the business," the company's Downstream Director Pedro Fernandez Frial said Thursday.

Climate Change Tops Australians' Security Fears

Τετ, 15 Απριλίου 2009 - 16:09

Australians believe climate change is the biggest security challenge facing their country and are largely relaxed about the rise of China, a government report released Wednesday showed.

Novorossiisk Port 1Q Cargo +17%; Helped By Petroleum Products

Τετ, 15 Απριλίου 2009 - 16:08

Russia's largest sea port operator, Novorossiisk Commercial Sea Port (NMTP.RS), Wednesday said its cargo turnover for the first three months of the year was up 14% from the same period a year earlier.

Gazprom Neft Swings To 4Q Net Loss On Oil Price

Τετ, 15 Απριλίου 2009 - 16:07

The oil arm of Russian gas monopoly OAO Gazprom (GAZP.RS) said Wednesday it swung to a net loss in the fourth quarter of 2008 due to a fall in oil prices, high export duties and a foreign exchange loss.

CEZ Board Proposes CZK50/Share Dividend As Expected

Τετ, 15 Απριλίου 2009 - 16:05

Czech power company CEZ AS (BAACEZ.PR) Wednesday said that its board of directors will propose - as expected - a dividend of 50 koruna ($2.5) a share on its 2008 net profit.

New Iran Package To Solve Nuclear Crisis

Τετ, 15 Απριλίου 2009 - 16:04

Iranian President Mahmoud Ahmadinejad Wednesday said Tehran will offer a new package to world powers for negotiations aimed at resolving the country's controversial nuclear drive.

Russia Lukoil Drills Two More Wells After Saudi Gas Discovery

Τετ, 15 Απριλίου 2009 - 16:02

Russia's OAO Lukoil Holdings (LKOH.RS) said Wednesday it is pressing ahead with plans to drill two more gas exploration wells in Saudi Arabia after a recent discovery in its concession in the kingdom's massive Empty Quarter desert.

OPEC Cuts 2009 World Oil Demand Forecast By 0.4M B/D

Τετ, 15 Απριλίου 2009 - 16:01

The Organization of Petroleum Exporting Countries Wednesday cut its global oil demand estimate again for 2009 due to the faltering world economy starting to hit demand in developing countries like China.

Repsol To Halt 100,000B/D Cartagena Refinery On Tight Margins

Τετ, 15 Απριλίου 2009 - 15:59

Spanish oil company Repsol YPF SA (REP) will halt work for an unspecified length of time at its 100,000 barrels-a-day capacity Cartagena refinery, a company official said Wednesday.