English Edition

Crude Higher On Iraqi Pipeline Blast

Πεμ, 27 Μαρτίου 2008 - 06:05

Crude oil futures climbed over $1 in London trade Thursday as traders reacted to news of an explosion on a southern Iraq oil pipeline that is expected to crimp the country's oil exports.

Endesa To Make Announcement On E.ON Deal After Mkt Close

Πεμ, 27 Μαρτίου 2008 - 06:03

Spanish power utility Endesa SA (ELE.MC) is planning to make an announcement on the possible sale of a portfolio of European assets to E.ON AG (EOA.XE) today after the market close, a company spokesman said Thursday.

Russian Watchdog Calls For Equal Access On Oil Exports

Πεμ, 27 Μαρτίου 2008 - 05:30

Russia's antimonopoly watchdog FAS has proposed the Energy Ministry grant equal access for Russian oil producers to the country's oil export infrastructure, the Kommersant daily reports Thursday, citing the agency's deputy head.

Faroe Petroleum Completes E.ON Deal

Πεμ, 27 Μαρτίου 2008 - 05:29

Faroe Petroleum said Thursday that the cross-border swap transaction with E.ON Ruhrgas agreed on Nov. 30, 2007 has been completed.

Snoehvit Gas Plant Shut On Heat Exchanger Leak

Πεμ, 27 Μαρτίου 2008 - 05:27

Norway's StatoilHydro ASA (STO) said Thursday it stopped production of liquefied natural gas at its Snoehvit processing plant March 18 due to a leakage in a sea water heat exchanger.

Zubair-1 Pipeline Fix Depends Entirely On Security

Πεμ, 27 Μαρτίου 2008 - 05:26

The fire at the key Zubair-1 crude pipeline in Iraq, the largest feed to the country's main oil export terminal in Basra, has been extinguished and may take 72 hours to fix if the security situation permits, a South Oil Company official said Thursday.

Greece's PPC 07 Net Pft Jumps On Tellas Sale

Πεμ, 27 Μαρτίου 2008 - 05:23

Greece's Public Power Corp. SA (PPC.AT) Thursday said its 2007 net profit soared, thanks in large part to the sale of its stake in local telephone company Tellas.

Iraq Oil Exports, Output Unaffected By Fighting

Τετ, 26 Μαρτίου 2008 - 04:38

Iraq's crude oil production and exports from southern oil fields in Basra and nearby provinces haven't been affected by the fighting between the Iraqi army and armed groups, a senior oil official in Basra said.

RWE: Still Intend To IPO American Water As Soon As Possible

Τετ, 26 Μαρτίου 2008 - 03:53

RWE AG (RWE.XE) still intends to publicly list a majority of shares in its U.S.-based unit American Water as soon as possible, but hasn't made a decision yet on the exact timing of the transaction.

Suez: Distrigas Shortlist Includes EdF, Eni and E.ON

Τετ, 26 Μαρτίου 2008 - 03:50

Franco-Belgian utility Suez (SZE.FR), which plans to merge with Gaz de France (1020848.FR), Wednesday unveiled a shortlist of three companies to bid for its Belgian unit Distrigas (DIST.BT).

Polish Regulator: Likely To OK PGNiG Gas Price Hike Next Week

Τετ, 26 Μαρτίου 2008 - 03:49

Polish market regulator URE is likely to approve a natural gas price increase for Polskie Gornictwo Naftowe i Gazownictwo, or PGNiG (PGN.WA) next week, a URE official said Wednesday.

Volga Gas Says VM#1 Horizon More Promising Than Expected

Τετ, 26 Μαρτίου 2008 - 03:47

Volga Gas said Wednesday the Evlano-Livenskiy horizon at VM#1 on the the Vostochny-Makarovskoye license area has proved to be considerably more promising than had originally anticipated.

Bulgaria Biodiesel Bacility

Τετ, 26 Μαρτίου 2008 - 03:47

Bulgarian company Bulmextrade said yesterday it was building a biodiesel plant with an annual capacity of 86,000 tons and planned to export its output to Central Europe.