English Edition

Total: Signs Heads Of Agreement With Japanese LNG Buyers

Τρι, 17 Φεβρουαρίου 2009 - 12:37

French oil and gas giant Total SA (TOT) Tuesday said it signed a draft agreement with a consortium of liquefied natural gas buyers in Japan, setting out the principal terms for an extension of the so-called 1973 and 1981 LNG sales contracts.

Romania's Transgaz Sees 09 Net Pft Up 17% On Yr

Τρι, 17 Φεβρουαρίου 2009 - 12:36

Romania's state-owned gas pipeline operator Transgaz (TGN.RO) forecasts a 309.5 million lei ($90.6 million) net profit in 2009, 17.38% higher than the anticipated result for 2008 of RON263.7 million, news agency Mediafax reports, citing the company's budget sent to the Bucharest Stock Exchange.

Russian, Bolivian Presidents Meet To Discuss Gas, Trade

Δευ, 16 Φεβρουαρίου 2009 - 13:34

Bolivian President Evo Morales met his Russian counterpart, Dmitry Medvedev, Monday for talks on issues including increasing cooperation in the energy sector, the Kremlin said.

Russia To Launch Major Gas Project On Pacific Island

Δευ, 16 Φεβρουαρίου 2009 - 13:32

Russia on Wednesday is set to begin production of liquefied natural gas on Sakhalin Island, greatly increasing its role as an energy exporter in the Asia-Pacific region.

Total Chief Executive Says World Oil Output Near Peak

Δευ, 16 Φεβρουαρίου 2009 - 13:31

The chief executive of French oil and gas company Total SA (TOT) said the world will never be able to produce more than 89 million barrels of oil a day, the Financial Times newspaper reported on its Web site.

UAE's Dana Gas Makes 2nd Gas Find In Egypt For '09

Δευ, 16 Φεβρουαρίου 2009 - 13:29

The U.A.E.-based Dana Gas said Monday it made its second gas find in Egypt for the year of around 20 billion cubic feet of dry gas.

EDF Energy To Cut Certain UK Elec Prices By Avg 8.8%

Δευ, 16 Φεβρουαρίου 2009 - 13:28

EDF Energy, the U.K. arm of Electricite de France (1024251.FR), Friday said it would cut its standard retail electricity rate by an average of 8.8% for customers in certain parts of the U.K. starting from March 31.

RWE Eyes Help For German LNG Hub Grid Link

Δευ, 16 Φεβρουαρίου 2009 - 13:27

RWE AG (RWE.XE) is seeking political assistance for a planned entry point for liquefied natural gas in northern Germany, Stefan Judisch, chief commercial officer at RWE Supply & Trading, told Dow Jones Newswires in an interview conducted earlier this week.

Italy's Eni Turns A Loss, Expects Tough Times Ahead

Δευ, 16 Φεβρουαρίου 2009 - 13:25

Italian oil and gas company Eni SpA swung to a net loss on energy-price declines in the fourth quarter and predicted a tough time ahead for the international oil industry.

Iran Oil Min:Turkmenistan To Export 10 MCM Gas To Iran

Δευ, 16 Φεβρουαρίου 2009 - 13:24

Iran and Turkmenistan have agreed for Turkmenistan to export 10 million cubic meters of natural gas a year from its South Yolotan natural gas field to Iran, the state Irna news agency reports Saturday, citing Iran's oil minister.

Big Oil Indulges Obama on New Energy Strategy

Δευ, 16 Φεβρουαρίου 2009 - 10:21

Confronted with a sharp change of priorities in Washington, international oil executives are expressing an eagerness to work with President Barack Obama to fashion new policies to tackle global warming.

PPC plans two plants with partner

Δευ, 16 Φεβρουαρίου 2009 - 10:10

Public Power Corporation, Greece’s biggest power company, signed an agreement with steel producer Halyvourgiki to form a joint company that will build two power plants with a total capacity of 880 megawatts. Under the terms of the agreement, Halyvourgiki will own 51 percent of the company that will start off with share capital of 10 million euros, PPC said in a bourse filing.

The Solar Revolution Starts in Amareleja

Δευ, 16 Φεβρουαρίου 2009 - 10:03

The Alentejo region enjoys more sunlight each year than any other place in Europe. So it's here, in south-east Portugal, that an immense solar power station has been set up, producing more energy than any other in the world. This plant alone meets the needs of 30,000 Portuguese homes.