English Edition

E.ON Ready To Sell 1.5 GW Procurement Rts From Nuclear Plants

Τετ, 14 Μαΐου 2008 - 03:43

German energy company E.ON AG (EOA.XE) said Wednesday it will file an undertaking with the European Commission by the End of May 2008.

Enel CEO Denies Spat With Acciona Over Endesa; "Shared" Views

Τετ, 14 Μαΐου 2008 - 03:42

Enel SpA (ENEL.MI) Chief Executive Fulvio Conti said Wednesday the Italian company and Acciona SA (ANA.MC) have "common" interests in their joint control of Spain's Endesa SA (ELE.MC), and denied there was a dispute between the two just eight months after their takeover.

TNK-BP Expects '08 Output To Remain Flat, Sees Growth In '09

Τετ, 14 Μαΐου 2008 - 03:41

Anglo-Russian oil company OAO TNK-BP Holdings (TNBP.RS) expects 2008 crude output to remain at last year's level and plans to increase output in 2009, the Interfax news agency said Wednesday, citing a company official.

French Pres Still Considering Alstom-Areva Tie-Up

Τετ, 14 Μαΐου 2008 - 03:39

The French presidency is still considering a tie-up between French engineering firm Alstom SA (1022047.FR) and French nuclear group Areva (CEI.FR), with Bouygues SA (12050.FR) to obtain a sizable stake in the new entity, Le Canard Enchaine reported Wednesday.

Iran Presents New Package To EU's Solana On Nuclear Issue

Τετ, 14 Μαΐου 2008 - 03:39

Iran's ambassador to the European Union said he has presented a new package to E.U. foreign policy chief Javier Solana to resolve international concerns about its nuclear program and wider security issues.

Russian Econ Ministry Raises 2008 Inflation Forecast

Τρι, 13 Μαΐου 2008 - 03:32

The Russian Ministry of Economy is increasing its 2008 inflation forecast in a new economic development document that will be considered by the government Thursday, the news agency Interfax reported late Monday citing an unnamed government source.

Iran OPEC Governor Kazempour Steps Dn;Khatibi Steps In

Τρι, 13 Μαΐου 2008 - 03:31

Iran's Hossein Kazempour Ardebili, the longest-serving governor in the Organization of Petroleum Exporting Countries has stepped down, Energy Intelligence reported Tuesday, citing industry sources.

Econ Min: Oil Price Impact On German Econ Limited

Τρι, 13 Μαΐου 2008 - 03:30

The impact of record-high oil prices on the German economy is limited because the strong euro helps to offset oil prices that are billed in dollars and because oil-producing countries' purchasing power has increased through higher oil-related revenues, German Economics Minister Glos told Tuesday's Tagesspiegel newspaper.

ERG To Move Renewables Ops To Enertad In Exchange For Shares

Τρι, 13 Μαΐου 2008 - 03:28

ERG SpA (ERG.MI), Italy's biggest independent refiner by capacity, said late Monday the board had approved transferring its renewable energy activities to Enertad SpA (ENR.MI) in exchange for boosting its stake in the wind power company.

Distrigas 1Q Turnover +32.4% On Arbitrage, Higher Gas Prices

Τρι, 13 Μαΐου 2008 - 03:27

Belgian gas distributor Distrigas (DIST.BT), part of French utility group Suez (SZE.FR), Tuesday posted a 32.4% rise in first quarter turnover at EUR1.74 billion, as arbitrage activities and higher energy prices boosted results.

IEA Cuts World Oil Demand Growth Again;More Cuts Possible

Τρι, 13 Μαΐου 2008 - 03:26

The International Energy Agency cut this year's forecast for world oil demand growth for the second consecutive month citing increasing evidence that high oil prices are having a marked impact on U.S. and European appetite for oil, saying that further cuts could lie ahead.