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E.ON Could OK Power Network Sale To Foreign Buyer

E.ON Could OK Power Network Sale To Foreign Buyer

German utility E.ON AG (EONGY) could be open to a foreign buyer for its power network, according to Boersen-Zeitung on Wednesday, citing Chief Financial Officer Marcus Schenck.

Gazprom Wants To Be Frances Base Energy Operator

Gazprom Wants To Be France's Base Energy Operator

Russian gas monopoly OAO Gazprom (GAZP.RS) wants to become "the base energy operator in France, Gazprom Chief Executive Alexei Miller said in an interview published Tuesday in French daily Le Figaro.

Eni Starts Production From Alaskas Oooguruk Oil Field

Eni Starts Production From Alaska's Oooguruk Oil Field

Italy's Eni SpA (E) said Tuesday that it has started production from the Oooguruk offshore oil field, located in the North Slope of Alaska, some 250 kilometers southeast of Barrow.

Gazprom To Mull TNK-BP Stake Buy After Conflict Resolved

Gazprom To Mull TNK-BP Stake Buy After Conflict Resolved

Russian natural gas monopoly OAO Gazprom (GAZP.RS) Deputy Chief Executive Alexander Medvedev said Tuesday the company will look at entering the capital of oil venture OAO TNK-BP (TNBP.RS) once a corporate governance conflict there is resolved.

Gazprom Exec: Ready To Be Partners In Alaska Pipeline

Gazprom Exec: Ready To Be Partners In Alaska Pipeline

Russian natural gas giant OAO Gazprom (GAZP.RS) is still prepared to look at a partnership with ConocoPhilips (COP) and BP PLC (BP) to join a massive gas pipeline project in Alaska, a senior company executive said Tuesday.

Iberdrola Names Nick Horler As New CEO Of Scottish Power

Iberdrola Names Nick Horler As New CEO Of Scottish Power

Iberdrola SA (IBE.MC) has named Nick Horler as new chief executive of its subsidiary Scottish Power, Iberdrola Chief Executive Ignacio Galan is quoted as saying in a statement Tuesday.

Kuwait Oil Min Backs Call For Consumer-Producer Mtg

Kuwait Oil Min Backs Call For Consumer-Producer Mtg

Organization of Petroleum Exporting Countries member Kuwait supports the call from Saudi Arabia for a meeting between consumer and producer nations, Reuters news agency reported Tuesday.

Libyan Leader Opposes Mediterranean Union Plan

Libyan Leader Opposes Mediterranean Union Plan

Libyan leader Moammar Gadhafi opposed proposals for a Mediterranean Union at a mini-summit of North African and Syrian leaders on Tuesday, saying it would harm Arab and African unity efforts.

Romanias Petrom Mulls Gas Storage For Nabucco Pipe

Romania's Petrom Mulls Gas Storage For Nabucco Pipe

Romania's dominant oil company Petrom (SNP.RO) is considering building a 2-billion-cubic-meter gas storage facility for the gas transported through Nabucco pipeline, news agency Mediafax quoted Petrom Chief Executive Mariana Gheorghe as saying Tuesday.

Gazprom CEO: Gas Rush To Turkmenistan Defies Logic

Gazprom CEO: Gas Rush To Turkmenistan "Defies Logic"

The rush by the likes of China, the E.U. and the U.S. toward Turkmenistan as an alternative supplier of gas to Russia defies logic as the country may not be able to meet its contractual volumes, the chief executive of Russian gas monopoly OAO Gazprom (GAZP.RS), Alexei Miller, will say in a speech Tuesday.

Azerbaijan AIOC Jan-May Oil Output +12.8% On Yr

Azerbaijan AIOC Jan-May Oil Output +12.8% On Yr

The oil output of Azerbaijan International Operating Co. increased 12.8% on the year to 15.582 million metric tons in January-May, the Prime-Tass news agency reported Friday, citing a spokesperson for the company.

Kovykta Deal Differences Fuels TNK-BP Spat

Kovykta Deal Differences Fuels TNK-BP Spat

Differences over the finalization of the Kovykta gas field sale are tightly interwoven with a very public spat between the shareholders of Russo-British OAO TNK-BP (TNBP.RS), people familiar with the matter said Friday.

Russia, Turkmenistan May Have Gas Price Deal By July

Russia, Turkmenistan May Have Gas Price Deal By July

Russia and Turkmenistan could complete talks on a new price for next year's imports of Turkmen gas by July, the deputy chairman of the board of Russia's gas monopoly Gazprom said Saturday.

Areva Benefit Seen In EDF Buy Of British Energy

Areva Benefit Seen In EDF Buy Of British Energy

An EDF (1024251.FR) acquisition of British Energy (BGY.LN) would bode well for Areva (CEI.FR) as the new owner will play a vital role in the new-build nuclear programme, notes Dexia.