English Edition

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

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.

Total Signs Offshore Deal With SOCAR In Azerbaijan

Παρ, 27 Φεβρουαρίου 2009 - 16:23

Total (TOT) said Friday that it has signed an agreement with Azerbaijan's state-owned SOCAR.

EDP Renovaveis:Spain Forward Sales Mitigate Volatility Risks

Παρ, 27 Φεβρουαρίου 2009 - 16:22

Portuguese renewable energy company EDP Renovaveis SA (EDPR.LB) said Friday it is trying to mitigate the risks of volatile energy prices in Spain by making forward sales.

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

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

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

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

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.

EU Keeps Its Distance From New Russia-Ukraine Gas Spat

Πεμ, 26 Φεβρουαρίου 2009 - 17:37

The European Commission Thursday steered clear of intervening in a new natural gas payments row between Russia and Ukraine, calling it a bilateral issue.

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.

RWE Posts Net Loss In German Retail Pwr Customers In 2008

Πεμ, 26 Φεβρουαρίου 2009 - 17:34

Gazprom May Revise 2009 Spending Program After 1Q

Τετ, 25 Φεβρουαρίου 2009 - 16:32

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).

Total, Gazprom Confirm Interest In Trans-Sahara Gas Pipeline

Τετ, 25 Φεβρουαρίου 2009 - 16:31

Officials from French energy major Total SA (TOT) and Russian gas giant OAO Gazprom (GAZP.RS) both confirmed interest in the proposed $12-billion Trans-Sahara Gas Pipeline Wednesday.

Iran Says Nuclear Plant Tests To Last Up To 7 Mos

Τετ, 25 Φεβρουαρίου 2009 - 16:30

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

Τετ, 25 Φεβρουαρίου 2009 - 16:29

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.