English Edition

Israel Expresses Concern At German-Iranian Gas Project

Παρ, 1 Αυγούστου 2008 - 12:03

Israel expressed concern on Thursday about a German company's contract to build three liquified natural gas plants in Iran amid sanctions aimed at halting Tehran's nuclear enrichment program.

Full Kashagan Accord With Kazakh Govt Reached June-Eni

Παρ, 1 Αυγούστου 2008 - 12:01

The consortium Eni SpA (E) leads in developing the giant Kashagan oil field reached "full settlement" over the project with the Kazakh government and will be finalized in a definite accord by October, Eni Chief Executive Paolo Scaroni said Thursday.

South Stream Gas Pipeline to cost $20 bln

Πεμ, 31 Ιουλίου 2008 - 13:52

Russia’s Energy Ministry has put the preliminary cost of the planned South Stream gas pipeline, a major new route to Southern Europe, at US$20 billion, a ministry spokeswoman said yesterday. The route, which will be jointly built by Russian gas export monopoly Gazprom and Italy’s ENI, is expected to take 30 billion cubic meters (bcm) of gas per year and rival the US and EU-backed Nabucco pipeline to Southern Europe.

Deripaska Nears Buy Of Russneft

Πεμ, 31 Ιουλίου 2008 - 11:46

Russia's tax authorities have dropped the idea of nationalizing the privately held oil producer Russneft, clearing the way for billionaire Oleg Deripaska's investment vehicle Basic Element Holding to buy the oil company, the Vedomosti daily said Thursday citing a tax official.

EdF Energies Nouvelles 1H Rev Soars To EUR309.6M

Πεμ, 31 Ιουλίου 2008 - 11:44

French renewable power company EdF Energies Nouvelles SA (EEN.FR) Thursday said first-half revenues more than doubled, driven by a surge at its development division.

Alstom: EUR200M Contract With China Guang Dong Nuclear Pwr Co

Πεμ, 31 Ιουλίου 2008 - 11:43

French energy engineering company Alstom SA (1022047.FR) Thursday said it had signed a contract worth over EUR200 million with China Guang Dong Nuclear Power Company for the engineering and procurement of the complete turbine island for the nuclear power plant to be built in Taishan, in the southwestern province of Guangdong.

E.ON: To Conduct Share Split, Switch To Registered Shrs Aug 4

Πεμ, 31 Ιουλίου 2008 - 11:40

E.ON AG (EOA.XE), the world's largest investor-owned utility by market value, Thursday said it will conduct a previously announced share split Aug. 4.

Russia Oil Firm Official Released By Libya -Lukoil

Πεμ, 31 Ιουλίου 2008 - 11:39

An official of Russia's second-largest oil producer OAO Lukoil (LKOH.RS) has been released by Libya eight months after he was detained in the North African country, a company spokesman said Thursday.

Iran Rejects Nuclear Deadline; Says Has Already Responded

Πεμ, 31 Ιουλίου 2008 - 11:37

Iran on Thursday rejected any deadline to give a final response to a package put forward by world powers seeking a breakthrough in the nuclear crisis, and said it had already responded.

EU Willing To Take Tougher Line Over Iran Sanctions

Πεμ, 31 Ιουλίου 2008 - 11:35

European Union nations are keen to apply existing U.N. sanctions against Iran more robustly, after measures targeting its nuclear activities were blunted by Russia and China, an E.U. diplomat said Wednesday.

Eni 2Q Net Profit +52% On High Oil Price, Output Gain

Πεμ, 31 Ιουλίου 2008 - 11:32

Italian oil company Eni SpA (E) Thursday said its second-quarter net profit was up 52% on the year due to surging crude prices and higher output after its acquisition binge, but a weak U.S. dollar and surge in inflation costs weighed on earnings.

Russian Energy Min Sees Cost Of South Stream Pipeline At $20B

Τετ, 30 Ιουλίου 2008 - 13:59

Russia's Energy Ministry has announced a preliminary cost assessment of the South Stream pipeline project, a major gas export route to Europe, at $20 billion, a ministry spokeswoman said Wednesday.

Enel Inaugurates 1st Unit Of Civitavecchia Coal

Τετ, 30 Ιουλίου 2008 - 13:57

Enel SpA (ENEL.MI) said Wednesday it inaugurated the first unit of a new Italian coal-fired power plant in which its total investments amount to about EUR2 billion and it is scheduled to be fully operational next year, as the utility aims to diversify its fuel mix.

Libya Frees 2 Swiss Nationals;Won't Let Them Leave

Τετ, 30 Ιουλίου 2008 - 13:56

Two Swiss nationals detained in Libya after the arrest in Switzerland of Moammar Gadhafi's son have been released, but they can't leave the country, the Swiss foreign ministry said Wednesday.

Dana Gas, Crescent In JV To Develop Kurdistan Gas City

Τετ, 30 Ιουλίου 2008 - 13:53

Gas Cities LLC, a joint venture between the United Arab Emirates's Crescent Petroleum and its subsidiary Dana Gas, has been officially awarded a 461-million square foot site by the Kurdistan Regional Government, or KRG, to develop the Kurdistan Gas City, a project that is expected to attract over $40 billion in foreign direct investment.

EdF To Bid 765p/Share For British Energy

Τετ, 30 Ιουλίου 2008 - 13:52

French state-controlled electricity group Electricite de France (1024251.FR) will offer to buy a 35.2% stake in British Energy PLC (BGY.LN) at a price of 765 pence a share for total consideration of about EUR16.5 billion, a person close to the discussions told Dow Jones Newswires on Tuesday.