English Edition

EU Energy Unbundling Gains Momentum On E.ON Grid Sale

EU Energy Unbundling Gains Momentum On E.ON Grid Sale

The European Commission's drive to separate gas and electricity grids from large utilities gained new momentum Thursday after German utility E.ON AG (EONGY) reversed its position on the matter.

E.ON, Gazprom To Build 1.2GW Gas-Fired Power Plant In Germany

E.ON, Gazprom To Build 1.2GW Gas-Fired Power Plant In Germany

E.ON AG (EONGY), the world's largest investor-owned utility by market value, Friday said it plans to jointly build and operate a gas-fired power plant with Russian natural gas monopoly Gazprom OAO (GAZP.RS) in Lubmin, northeastern Germany.

Libya:OPEC Unlikely To Change Output At Current Oil Price

Libya:OPEC Unlikely To Change Output At Current Oil Price

The Organization Of Petroleum Exporting Countries is unlikely to change its production level at a meeting on Wednesday if the oil price stays at about 100 dollars a barrel, acting Libyan Oil Minister Shokri Ghanem told AFP on Friday.

Unipetrol Sees 2008 EBIT Flat On Year At CZK4.8 Bln

Unipetrol Sees 2008 EBIT Flat On Year At CZK4.8 Bln

Unipetrol AS (BAAUNIPE.PR) expects its 2008 earnings before interest and taxes to be flat on the year at 4.8 billion koruna ($289.4 million), the company said Friday.

Ecologists Held After Gravel-Dumping Stunt

Ecologists Held After Gravel-Dumping Stunt

Seven members of an environmental group in Veria, northern Greece, were arrested yesterday after emptying bags of silt at a conference of local authority leaders to protest the extraction of gravel from the bed of the Aliakmon River.

E.ON Offers To Sell Grids, Pwr Capacity In EU Antitrust Case

E.ON Offers To Sell Grids, Pwr Capacity In EU Antitrust Case

E.ON AG (EOA.XE), the world's largest investor- owned utility by market value, said Thursday it has offered the European Commission a compromise aimed at settling its ongoing antitrust case.

EdF Will Not Bid For Russias OGK-1

EdF Will Not Bid For Russia's OGK-1

Electricite de France (1024251.FR) will not bid for Russia's wholesale generation company OAO OGK-1 (OGKA.RS), a person familiar with the matter said.

Ahmadinejad Says Iran Is Number One World Power

Ahmadinejad Says Iran Is Number One World Power

Iranian President Mahmoud Ahmadinejad declared Thursday Iran was the world's "number one" power, as he launched a bitter new assault on domestic critics he accused of siding with the enemy.

Eni Selects Floating Development Concept For Goliat Project

Eni Selects Floating Development Concept For Goliat Project

Italy's Eni SpA (E) has selected the development concept for its Goliat license north of Norway, and will proceed with an offshore floating processing and storage unit with subsea wells, rather than an onshore landing point.