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Russia Energy Min: Oil Output Cut Decision Dec 17

Τετ, 10 Δεκεμβρίου 2008 - 15:56

Russia will outline its decision on cutting oil production on Dec. 17, the Interfax news agency said Wednesday citing the country's Energy Minister Sergey Shmatko.

Russian Govt Would Back Lukoil Bid For Repsol

Τετ, 10 Δεκεμβρίου 2008 - 15:55

The Russian government is ready to offer oil producer OAO Lukoil (LKOH.RS) political support if it decides to bid for Spanish oil firm Repsol YPF SA (REP), the Interfax news agency reported Wednesday citing the country's Energy Minister Sergey Shmatko.

Iberdrola: To Finance Investments Only With Internal Cashflow

Τετ, 10 Δεκεμβρίου 2008 - 15:53

Spanish electricity company Iberdrola SA (IBE.MC), in response to the global financial crisis, will limit its investments only to those financed by its own cash generation, Chief Executive Ignacio Galan told staff at a year-end meeting Wednesday.

Kazakhstan To Pump 5 BCM A Yr Of Gas Into China Pipeline

Τρι, 9 Δεκεμβρίου 2008 - 13:39

Kazakhastan will pump 5 billion cubic meters a year of natural gas into the Central Asian gas pipeline linking China from 2014, Duisenbay Turganov, vice-minister of Kazakhstan's Ministry of Energy and Mineral Resources, said Tuesday.

Azeri Oil Flow Through BTC Pipeline Seen Lower In Jan

Τρι, 9 Δεκεμβρίου 2008 - 13:38

Volumes of Azeri crude oil pumped from Azerbaijan to Turkey through the Baku-Tbilisi-Ceyhan pipeline, or BTC, will be much lower in January, traders of Mediterranean crude said Monday.

Uzbekneftegaz Exec: To Up Gas Sales To Gazprom From Next Yr

Τρι, 9 Δεκεμβρίου 2008 - 13:36

Uzbekistan's Uzbekneftegaz plans to increase its natural gas supplies to Gazprom starting next year to 14 billion cubic meters per year from 12 billion cubic meters now, a senior company executive said Wednesday.

Gazprom: Dispute With Ukraine Is Far From Being Resolved

Τρι, 9 Δεκεμβρίου 2008 - 13:35

Russia's OAO Gazprom (GAZP.RS) is far from reaching an agreement with Ukraine, the Financial Times reports Tuesday, citing Gazprom's deputy chief executive Alexander Medvedev.

Credit Crisis May Delay Shtokman Project

Τρι, 9 Δεκεμβρίου 2008 - 13:34

The credit crisis could delay the launch of Russia's giant Shtokman gas field, the head of the project's operator said Monday.

EU Reaches Preliminary Deal On Rules For Renewables

Τρι, 9 Δεκεμβρίου 2008 - 13:33

The European Union has reached a preliminary deal on a plan to increase the use of renewable energy by 2020, the European Parliament's lead negotiator Claude Turmes said Tuesday.

Q-Cells Shares Fall As Co Cuts 2008 Goals On Fincl Crisis

Τρι, 9 Δεκεμβρίου 2008 - 13:31

Shares in German solar cell maker Q-Cells AG (QCE.XE) fell sharply Tuesday after the company said it won't reach its production, sales and profit targets in 2008 due to the financial crisis.

Enel Close To Selling Pwr Lines To Terna For EUR1.2B

Τρι, 9 Δεκεμβρίου 2008 - 13:30

Enel SpA (ENEL.MI) is close to selling for about EUR1.2 billion its Italian high-voltage power lines to Terna SpA (TRN.MI), with the deal expected to be announced at the start of January, writes daily Il Sole 24 Ore Tuesday without citing its source.

Gazprom: Gas-OPEC Won't Attempt To Regulate Prices

Δευ, 8 Δεκεμβρίου 2008 - 14:32

The Forum of Gas Exporting Countries won't attempt to regulate prices, a Gazprom official said Monday.

Alstom, PGE Elektrownia In CO2 Reduction Venture

Δευ, 8 Δεκεμβρίου 2008 - 14:30

French power and rail engineering group Alstom SA (1022047.FR) said Monday it has signed a memorandum of understanding with Polish utility group PGE Elekrownia Belchatow SA to develop and implement carbon capture and storage technology.