English Edition

Gazprom Plans Cutting Staff By 10% To Reduce Costs

Παρ, 18 Ιουλίου 2008 - 11:46

Russia's state-controlled gas firm OAO Gazprom (GAZP.RS) will start reducing its staff of almost half a million employees, the Kommersant daily reported Friday, citing unnamed industry sources.

CEZ Considers Building Nuclear Plant In Russia

Παρ, 18 Ιουλίου 2008 - 11:45

Czech power company CEZ AS (BAACEZ.PR) is considering bidding for one-third of Kaliningrad AES power company from RAO JES of Russia, a deal that would include the construction of new nuclear generation capacity in Russia, newspaper E15 reported Friday citing sources.

E.ON Looks For Growth In Italian Gas, Nuclear Sectors

Παρ, 18 Ιουλίου 2008 - 11:43

German utility E.On AG (EON) is looking to invest in the Italian energy market, particularly in the gas and nuclear sectors, E.ON Italia's chief executive Klaus Schafer told Corriere della Sera in an interview published in its Friday Internet edition.

ExxonMobil In Talks With Possible PNG LNG Buyers

Παρ, 18 Ιουλίου 2008 - 11:42

ExxonMobil Corp. (XOM) said Friday it has started marketing gas from its planned liquified natural gas project in Papua New Guinea to potential buyers.

Iran Feels Bite Of Sanctions, But Impact Is Unclear

Παρ, 18 Ιουλίου 2008 - 11:40

As Iran prepares to hold nuclear talks this weekend with Europe and the U.S., economic sanctions are crimping Tehran's oil industry -- but they haven't broken it.

EDF, E.ON, RWE, Gas Natural Invited To Buy Fenosa Stake

Παρ, 18 Ιουλίου 2008 - 11:38

At least four European energy groups - Electricite de France (1024251.FR), Germany's E.ON AG (EON), RWE AG (RWE.XE) and Spain's Gas Natural SDG SA (GAS.MC) - have been invited to buy the controlling stake in Union Fenosa SA (UNF.MC) held by Spanish construction company Actividades de Construccion y Servicios SA (ACS.MC), reports Cinco Dias in its Friday Internet edition, citing sources at these companies.

French Min Calls For Water Tests Near Reactors After Leak

Πεμ, 17 Ιουλίου 2008 - 12:38

France's ecology minister is calling for tests of the ground water near all of the country's 58 nuclear reactors after a uranium leak at a plant in the south polluted the local water supply.

Frere Doesn't Rule Out Hiking Suez Environnement Stake

Πεμ, 17 Ιουλίου 2008 - 12:35

Belgian businessman Albert Frere doesn't rule out increasing his stake in French utility Suez Environnement, which will be spun off after the merger of French state-controlled natural gas operator Gaz de France (1020848.FR) and French utility Suez (SZE.FR), Frere says in an advanced copy of an interview with French daily Le Monde.

Mitsui & Co, Uzbekistan Govt To Discuss Uranium Exploration

Πεμ, 17 Ιουλίου 2008 - 12:31

Mitsui & Co. (8031.TO) said Thursday it has been granted exclusive rights for 18 months to negotiate with the Uzbekistan government on possible joint exploration of uranium in the Central Asian country.

Iranian Foreign Minister Mottaki To Visit Turkey Friday

Πεμ, 17 Ιουλίου 2008 - 12:26

Iranian Foreign Minister Manouchehr Mottaki will hold talks with Turkish officials here Friday, Turkish Foreign Minister Ali Babacan said, as international tensions run high over the Islamic state's nuclear program.

Gazprom Accuses Belarus Of Underpaying For Gas Deliveries

Πεμ, 17 Ιουλίου 2008 - 12:25

Russian gas giant OAO Gazprom (GAZP.RS) on Wednesday accused Belarus of not paying the agreed price for gas deliveries and threatened to go to court if Minsk continued to ignore its commitments, the company said in a statement.

EU Crt: Spain's Law On Purchase Of Energy Cos Broke EU Law

Πεμ, 17 Ιουλίου 2008 - 12:23

A European court ruled Thursday that a Spanish law requiring regulatory approval for the purchase of shares in energy companies goes against European Union law.

ENI Produces First Oil From Woolybutt South

Πεμ, 17 Ιουλίου 2008 - 12:21

ENI SpA (ENI.MI) said Thursday oil production has begun from the Woolybutt South project off the coast of Western Australia, a joint venture with ExxonMobil Corp.(XOM) and Tap Oil Ltd. (TAP.AU). ENI Australia Managing Director Eros Agostinelli said first oil had been produced Wednesday and, together with existing production from Woolybutt North, would boost the field's output.