English Edition

Interconnectivity And Interdependence Are Key To SE Europe’s Energy Security

Παρ, 24 Απριλίου 2009 - 19:56

Interconnectivity is the key to effective diversification of gas resources and should underlie a new regional – and pan-European – strategy for energy security. This was the message carried Friday, April 24 in Sofia, Bulgaria by speakers at the Energy Business Forum. The event was the business-facing opener of “Natural Gas for Europe: Security and Partnership”, an energy summit with politicians from 29 countries of the Black Sea and Caspian region, Central Asia, the Middle East, the EU and the US in attendance.

EU's Barroso Says He Has Sarkozy's Support To Stay

Παρ, 24 Απριλίου 2009 - 13:21

European Commission president Jose Manuel Barroso said Friday he has the support of French President Nicolas Sarkozy to stay in his post and took a swipe at France's left-wing opposition.

World's Top Polluters In Final Round Of Climate Talks

Παρ, 24 Απριλίου 2009 - 13:19

Environment ministers of the world's top polluters entered a final round of climate change talks Friday, with agreement expected on stemming the loss of biodiversity.

Eni 1Q Net Profit Tops View; Trims 09 Output Growth

Παρ, 24 Απριλίου 2009 - 13:18

Eni SpA (E), Italy's biggest oil and natural gas company by market capitalization, Friday said first-quarter net profit tumbled 43% on the year, but beat expectations, as crude prices slumped and on weaker hydrocarbon production.

Kazakhstan Nuclear Co Inaugurates 3,000 Ton/yr Uranium Mine

Παρ, 24 Απριλίου 2009 - 13:17

Kazakh state nuclear company Kazatomprom, Canada's Uranium One Inc. (UUU.T) and a group of six Japanese companies, including Toshiba Corp. (6205.TO), Friday inaugurated a joint uranium mine in southwestern Kazakhstan that will produce 3,000 metric tons of uranium a year.

EDP To Invest EUR3B In Five New Dams Until 2016

Παρ, 24 Απριλίου 2009 - 13:15

Utility EDP Energias de Portugal SA (EDP.LB) will invest about EUR3 billion to build five dams and to boost the capacity of six others until 2016, state-owned news agency Lusa reported late Thursday.

Terna OKs 66% Stake Sale In Terna Participacoes For EUR809M

Παρ, 24 Απριλίου 2009 - 13:13

Italian grid Terna SpA (TRN.MI) said Friday it agreed to sell a 66% stake in Brazil's Terna Participacoes SA (TRNA4.BR) for 2.33 billion Brazilian reals (EUR809 million) to Companhia Energetica Minas Gerais (CIG), or CEMIG, as it seeks resources to invest in the Italian network.

Gas Summit To Kick Off In Sofia Despite Putin Boycott

Παρ, 24 Απριλίου 2009 - 13:12

Leaders from the E.U., the Balkans and gas supplier countries were set to meet Friday in Sofia, Bulgaria, for a two-day gas security summit overshadowed by a last-minute boycott by Russian Premier Vladimir Putin.

Gazprom Neft to Acquire Sibir Stake

Παρ, 24 Απριλίου 2009 - 13:10

Russia's state-controlled OAO Gazprom Neft swooped down on small Russian oil company Sibir Energy PLC Thursday, trumping a bid by rival TNK-BP Ltd. announced just a day earlier.

MOL AGM OKs Skipping Dividend To Retain 2008 Profit

Πεμ, 23 Απριλίου 2009 - 15:07

Shareholders of Hungarian oil and gas company MOL Nyrt. (MOL.BU) approved the board's proposal to retain profit realized in 2008 and not pay a dividend at Thursday's annual general meeting.

Slovak Power Plant Shut By Fire To Restart In May

Πεμ, 23 Απριλίου 2009 - 15:05

A unit at Slovakia's Vojany coal-fired power station that was shut down after a fire last week will resume operations by the end of May, power producer Slovenske Elektrarne said Thursday.

Eni,Nippon,Repsol Submit New Bids For Iraq Oil Field

Πεμ, 23 Απριλίου 2009 - 15:04

Italy's Eni SpA (E), Japan's Nippon Oil Corp. (5001.TO), and Spain's Repsol YPF SA (REP) submitted new technical and commercial offers for Iraq's Nassiriyah oil field in southern Iraq, a senior Iraqi oil official said Thursday.

Iraq Sets June 29-30 Deadline For Oil Field Bids

Πεμ, 23 Απριλίου 2009 - 15:03

The Iraqi Oil Ministry will ask international oil companies to submit bids for developing eight oil and gas fields at the end of June, a senior Iraqi oil official said Thursday.

E.ON Offers New Seasonal Storage Product For 2009-2010

Πεμ, 23 Απριλίου 2009 - 15:02

German utility company E.ON (EOAN.XE) said Thursday that E.ON Gas Storage is launching a new product in response to strong customer demand for the seasonal capacities offered at Bierwang and Breitbrunn early this year.

Iraqi Seeks Agreement With Kuwait About Shared Oil

Πεμ, 23 Απριλίου 2009 - 15:01

Iraq wants an agreement with Kuwait over shared oil fields, Kuwait-based Al Watan daily reports Thursday, citing an official in the Iraqi oil ministry.

Ukraine President To Review Gas Accords With Russia

Πεμ, 23 Απριλίου 2009 - 14:59

Agreements reached in January to end the gas dispute between Kiev and Moscow should be reviewed as they disadvantage Ukraine, the country's president, Viktor Yushchenko, said Wednesday.