English Edition

Gazprom Sees Natural Gas Prices At New Heights By '12

Δευ, 24 Νοεμβρίου 2008 - 20:15

While Germany can expect lower natural gas prices in 2009, prices will reach record heights again before 2012, OAO Gazprom's (GAZP.RS) head Alexej Miller says in Monday's Handelsblatt.

Elgeka Signs Deal with Shell

Δευ, 24 Νοεμβρίου 2008 - 14:47

Wholesaler Elgeka signed a three-year agreement with oil company Shell to distribute its lubricant products in Romania in a deal seen as boosting revenues by some 6 million euros next year. Elgeka, which has a market value of 48.87 million euros, said its subsidiary Elgeka Ferfelis Romania signed the deal with Shell Lubricants Supply Company regarding the distribution of Shell branded lubricants.

Environmental Inaction Slammed

Παρ, 21 Νοεμβρίου 2008 - 15:35

The government’s environmental record came under attack again yesterday over its alleged failure to tackle the pollution of the Asopos River and failure by Public Works and Environment Minister Giorgos Souflias to appear at an international climate change conference in Athens.

Nuclear Accord

Παρ, 21 Νοεμβρίου 2008 - 15:32

Romania signed a 4-billion-euro ($5 billion) contract with six companies, including Italy’s Enel SpA and the Czech Republic’s CEZ AS, to build and operate two nuclear power plants. “We’re doubling nuclear generation capacity to keep our independence and increase energy security,” Finance Minister Varujan Vosganian said at a news conference in Bucharest yesterday.

Turkish firms partner up with Royal Dutch Shell

Παρ, 21 Νοεμβρίου 2008 - 15:19

Turkish state firms Botas and TPAO and global energy major Royal Dutch Shell have formed a natural gas exploration and marketing partnership in Iraq, Turkish Energy Minister Hilmi Guler said yesterday. TPAO has also been invited to enter exploration tenders for eight oilfields in Iraq, for which the firm may form a partnership with Shell, Guler said.

Gazprom Threatens To Double Price For Gas To Ukraine

Παρ, 21 Νοεμβρίου 2008 - 13:27

Russia's gas monopoly OAO Gazprom (GAZP.RS) said it will more than double the price of gas for Ukraine to more than $400 per 1,000 cubic meters if the country fails to pay off a $2.4 billion debt for past gas deliveries, the daily Kommersant reports Friday, citing Gazprom documents.

Gazprom Cuts 2008 Production Forecast

Παρ, 21 Νοεμβρίου 2008 - 13:26

Russian gas giant OAO Gazprom (GAZP.RS) has lowered its 2008 production forecast the Interfax news agency said late Thursday, citing a company official.

EU "On Track" For Deal On Climate Change By Year-End

Παρ, 21 Νοεμβρίου 2008 - 13:24

The European Union is "on track" to get an agreement by year-end on a set of measures to turn Europe into a greener economy by 2020, E.U. Commission President Jose Manuel Barroso said Friday.

CEZ Sales Head: EU Should Reassess CO2 Reduction Plan

Παρ, 21 Νοεμβρίου 2008 - 13:23

The European Union should reassess its emissions reduction plan for the sale of carbon emissions credits in 2013, due to the deepening financial crisis and utilities' limited access to capital, the head of sales at Czech power company CEZ AS (BAACEZ.PR) said Friday.

Spain CNMV To Lift Suspensions Of Repsol

Παρ, 21 Νοεμβρίου 2008 - 13:21

Spain's market regulator, the CNMV, said Friday it will lift its suspension on trade in shares of Repsol YPF SA (REP) and Criteria CaixaCorp SA (CRI.MC) at 0945 GMT.

Lukoil Aims To Buy Stake In One Of Key Czech Refiners

Παρ, 21 Νοεμβρίου 2008 - 13:19

Russian oil major Lukoil Holdings (LKOH.RS) is interested in buying a stake in one of the three large Czech crude oil refiners, Hospodarske Noviny daily newspaper reports Friday, citing Lukoil's president.

E.ON Snaps Up English Farmland For Nuclear Pwr Plant

Παρ, 21 Νοεμβρίου 2008 - 13:18

Germany's E.ON AG (EOAN.XE) has been buying up farmland in south Gloucestershire as it firms up plans to build a GBP4 billion nuclear power station beside the River Severn, U.K. newspaper The Times reports Friday.

Turkish Energy Min Sees Iran Energy Deal In Svc In 4 Yrs

Πεμ, 20 Νοεμβρίου 2008 - 17:01

Turkish Energy Minister Hilmi Guler said Wednesday that a recent energy deal signed with Iran may come into service in four years time, the Ihlas News Agency, or IHA, reported.

KazMunaiGas EP 3Q Net Pft +56.5% On Higher Crude

Πεμ, 20 Νοεμβρίου 2008 - 17:00

London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ) said Thursday its third-quarter net income rose 56.5% from a year earlier, mainly due to higher crude oil prices.

ExxonMobil Enters Black Sea with Exploration Agreement in Turkey

Πεμ, 20 Νοεμβρίου 2008 - 16:58

Exxon Mobil Corporation (NYSE:XOM) announced today its affiliate, ExxonMobil Exploration and Production Turkey B.V., has signed an agreement with Turkish national oil company, Turkiye Petrolleri Anonim Ortakl1 1 (TPAO), to explore in two large deepwater blocks offshore Turkey, marking ExxonMobil's entry into Black Sea exploration.

White House Hopes To Expand Support For G20 Goals At APEC

Πεμ, 20 Νοεμβρίου 2008 - 16:56

For the second weekend in a row, U.S. President George W. Bush will sit down with world leaders to work on a common approach to the global financial crisis.