English Edition

Serbia, Russia Hope To Wrap Up Energy Deal Soon

Τρι, 23 Σεπτεμβρίου 2008 - 12:00

Serbian leaders agreed with a Russian delegation that a major energy deal could be concluded within the next few months, both sides said after talks Monday.

EdF Board Approves Sweetened British Energy Offer

Τρι, 23 Σεπτεμβρίου 2008 - 11:59

The board of France's Electricite de France (1024251.FR) has approved the terms of a sweetened offer for U.K. nuclear generator British Energy Group PLC (BGY.LN), The Daily Telegraph reported Tuesday.

Rosneft Forced To Increase Security For Loan

Τρι, 23 Σεπτεμβρίου 2008 - 11:57

Russian state-controlled oil major OAO Rosneft (ROSN.RS) has been forced to increase security for a loan this month, possibly by as much as $2.8 billion, the Vedomosti daily said Tuesday citing banking sources.

Lukoil Buys 1.4 Million Shares In Buyback Program

Τρι, 23 Σεπτεμβρίου 2008 - 11:55

Russia's largest independent oil producer, OAO Lukoil (LKOH.RS), Monday said it had bought company stock worth around $95 million, as it continues a buyback in order to support the stock.

Hellenic Petroleum to sell E&P concessions in Libya

Δευ, 22 Σεπτεμβρίου 2008 - 18:53

Hellenic Petroleum confirmed today in Athens an agreement to sell its 20% participating interest in a Libyan oil and gas exploration license.

Greece Faces a Difficult Task in Minimizing Effects of Global Crisis

Δευ, 22 Σεπτεμβρίου 2008 - 15:08

The Greek economy has navigated the troubled waters of the international financial crisis much better than its peers in the eurozone and elsewhere but it will feel the impact more than estimated a few months ago, as growth momentum is receding.

Turkey to Relaunch Tender for $5 bln Coal-Fired Power Plant

Δευ, 22 Σεπτεμβρίου 2008 - 15:00

Turkey’s state-run Electricity Production Corporation (EUAS) will relaunch a coal-fired power plant tender worth $5 billion under amended terms next month, the company’s chief executive Sefer Butun told Reuters yesterday. The Electricity Production Corporation canceled the previous tender after it considered too high the price the bidders wanted for electricity produced in the Afsin Elbistan C and D units.

Russian Gas

Δευ, 22 Σεπτεμβρίου 2008 - 14:52

The International Energy Agency, an adviser to oil and gas-consuming nations, said Russia may postpone plans to raise domestic natural gas prices, potentially stalling investment in increasing production. “In the context of inflationary pressures, price reform could be postponed,” the IEA said yesterday in its Natural Gas Market Review 2008.

Bulgaria Puts Together 4-bln-euro Power Firm

Δευ, 22 Σεπτεμβρίου 2008 - 14:48

Bulgaria yesterday merged its biggest energy companies into a 4-billion-euro holding structure to strengthen its position in the European market. The move, which Sofia first announced last year, comes at a time when the European Union is pushing for greater energy market liberalization and competition.

KazMunaiGas,Shell To Run Kashagan Oil Production - Kazakh Min

Δευ, 22 Σεπτεμβρίου 2008 - 12:44

Kazakh state oil and gas company KazMunaiGas will set up a joint venture with Royal Dutch Shell PLC (RDSA) to manage oil production at the giant Kashagan oil field in the Caspian Sea, the Kazakh Energy Minister has said according to a statement on the government Web site Friday.

New Edison LNG Terminal Cuts Dependence On Russia

Δευ, 22 Σεπτεμβρίου 2008 - 12:42

Edison SpA (EDN.MI) said Saturday a new offshore regasification terminal reached Italy, opening a new natural gas route into the European Union and curbing Italy's dependency on Russian imports.

Polish Min: NATO Must Review Relations With Russia

Δευ, 22 Σεπτεμβρίου 2008 - 12:41

The North Atlantic Treaty Organization must review its relations with Russia and update the alliance's defense strategy in the light of the Georgia crisis, Poland's defense minister said in comments published Friday.

Berlusconi Launches Nuclear And Renewable Energy Plan

Δευ, 22 Σεπτεμβρίου 2008 - 12:39

Italy's Prime Minister Silvio Berlusconi announced Saturday the introduction of "a national energy plan" paving the way for a controversial return to nuclear energy, ANSA news agency reported.