English Edition

Iran OPEC Chief: Econ To Be Priority For New US Govt

Τετ, 5 Νοεμβρίου 2008 - 12:48

Improved economic conditions in the U.S. will be positive for the energy market because it will boost crude oil demand and should be a priority for any new administration in Washington, Iran's Organization of Petroleum Exporting Countries Governor said.

Russia Deputy PM: Wants Better OPEC Ties But Not Quota

Τετ, 5 Νοεμβρίου 2008 - 12:45

Russia intends to cooperate with the Organization of Petroleum Exporting Countries, or OPEC, but will keep its own position on issues relating to oil production volumes, the Interfax news agency reported Wednesday citing the country's Deputy Prime Minister Igor Sechin.

Energy Regulator Urges Germany To Speed Up Energy Projects

Τετ, 5 Νοεμβρίου 2008 - 12:44

Germany's energy regulator has urged politicians to speed up the approval of infrastructure projects to ensure that the country can avoid a looming threat of power shortages.

EDP Renovaveis 9-Mo Net Profit EUR58.8 Mln

Τετ, 5 Νοεμβρίου 2008 - 12:42

EDP Renovaveis (EDPR.LB), the renewable energy unit of utility EDP-Energias de Portugal SA (EDP.LB), said Wednesday it notched EUR58.8-million net profit in the first nine months of the year.

EDF Energies Nouvelles Gets 981MW Of US Ops,Maintenance Jobs

Τετ, 5 Νοεμβρίου 2008 - 12:40

French renewable energy company EDF Energies Nouvelles (EEN.FR) said Wednesday that as part of its operations and maintenance business its U.S. subsidiary enXco has signed four new contracts covering 981 MW in capacity with US electricity companies.

Turkmenistan Leader To Visit Seoul To Discuss Energy

Τρι, 4 Νοεμβρίου 2008 - 15:38

Turkmenistan President Gurbanguly Berdimuhamedow will arrive South Korea on Wednesday for a three-day state visit aimed at boosting bilateral cooperation in the energy and resources sector, the Yonhap news agency reported, citing a statement from the president's office.

BG Grp To Change Timetable For Karachaganak Phase 3 Devt

Τρι, 4 Νοεμβρίου 2008 - 15:36

BG Group PLC (BG.LN) said Tuesday it plans to change the timetable of the third phase of the Karachaganak gas and condensate project in Kazakhstan in anticipation that the cost of development will fall.

Lithuania, Poland Leaders Warn EU Against Russia Talks

Τρι, 4 Νοεμβρίου 2008 - 15:34

There should be no European Union talks with Russia until it fully respects the ceasefire with Georgia, the leaders of Lithuania and Poland insisted Monday.

Turkey Energy Min:Ankara Gas Tender May Go To 2nd Bidder

Τρι, 4 Νοεμβρίου 2008 - 15:33

Turkish Energy Minister Hilmi Guler said Monday a tender held to sell natural gas distribution grid of the country's capital Ankara may be awarded to the second highest bidder, the Ihlas News Agency, or IHA, reported.

Iran Ctrl Bk:Iran Econ Faces Problems If Oil Under $60

Τρι, 4 Νοεμβρίου 2008 - 15:31

Iran's Central Bank warned Monday that if oil prices fall under $60 a barrel, the country's oil-dependent economy will struggle to survive the world financial crisis, the ISNA news agency reported.

StatoilHydro To Up End User Sales, Third Party Trading

Τρι, 4 Νοεμβρίου 2008 - 15:30

StatoilHydro ASA (STO) plans to expand sales to end users in European gas markets and increase third-party gas sales and purchase activities beyond its own production, the company said Monday.

OMV Says E&P Projects To Be Postponed Due To Oil Price Fall

Τρι, 4 Νοεμβρίου 2008 - 15:29

Oil and gas company OMV AG (OMV.VI) will prioritize exploration and production projects, due to the recent drop in oil prices, and so won't be able to meet its organic 2010 production target, head of E&P and board member Helmut Langanger told Dow Jones Newswires Tuesday.

Endesa Board To Approve Large Dividend

Τρι, 4 Νοεμβρίου 2008 - 15:27

The board of Spanish power company Endesa SA (ELE.MC) at a meeting Tuesday is likely to approve a large dividend of between EUR5 and EUR6 per share, La Gaceta de los Negocios reports Tuesday.