IEA, Confluence of Fundamentals Behind $100 Oil; Mkt Tight Τετ, 20 Φεβρουαρίου 2008 - 03:30 Oil's record close above $100 a barrel shows that oil market fundamentals remain tight and there is a need for more supplies, an official from the International Energy Agency said Wednesday.
EdF CEO Says Many Scenarios, Protagonists For Any Spain Bid Τετ, 20 Φεβρουαρίου 2008 - 03:27 French utility Electricite de France (1024251.FR) sees "many scenarios and many protagonists" for a possible bid to enter Spain's energy market, Chief Executive Pierre Gadonneix said Wednesday.
Iberdrola Chmn Says Company Aims To Remain Independent>IBE.MC Τετ, 20 Φεβρουαρίου 2008 - 03:26 Spain's Iberdrola SA (IBE.MC) has standalone appeal and is looking to remain independent, despite recent speculation that a bid was imminent from rival Electricite de France (1024251.FR), Iberdrola Chairman Ignacio Galan said Wednesday.
EdF CEO Confirms Interest In Suez Unit Distrigas Τετ, 20 Φεβρουαρίου 2008 - 03:25 French utility Electricite de France SA (1024251.FR) Chief Executive Pierre Gadonneix Wednesday confirmed the company is interested in buying Belgian unit Distrigas SA (DIST.BT) from Suez (SZE.FR.)
OPEC Governors Chmn: Too Soon To Decide On Output Τετ, 20 Φεβρουαρίου 2008 - 03:24 It is still early to decide whether the Organization of the Petroleum Exporting Countries will need to change its current oil output at its next meeting, the chairman of OPEC's board of governors said Wednesday.
Gazprom Gets 2 Licenses For Kyrgyz Gas Exploration Τετ, 20 Φεβρουαρίου 2008 - 03:22 Russian gas monopoly OAO Gazprom (GAZP.RS) has received two licenses for natural gas exploration in southern Kyrgyzstan and will invest up to $300 million in these projects, Interfax news agency reported Wednesday citing the Kyrgyz prime minister and Gazprom's chief executive.
Eni Makes Big Gas Find At Norway Afrodite Well Τετ, 20 Φεβρουαρίου 2008 - 03:20 Eni SpA (E) has made a "big gas find" in the Norwegian North Sea at the Afrodite field, Norwegian financial daily newspaper Finansavisen reported Wednesday.
RWE Unit Plans 2 Dutch Offshore Windparks With 2 GW Capacity Τετ, 20 Φεβρουαρίου 2008 - 03:19 RWE Innogy, the renewable energy unit of German utility RWE AG (RWE.XE), Wednesday said it intends to build two offshore windparks off the coast of the Netherlands.
Gubre Fabrikalari Consortium Bids Highest For Iran's Razi-IHA Τετ, 20 Φεβρουαρίου 2008 - 03:18 A consortium led by Turkey's Gubre Fabrikalari T.A.S (GUBRF.IS) made the highest offer of 6.350 trillion Iran Rials ($680.75 million) in an auction for Iran's Razi Petrochemical, the Ihlas News Agency, or IHA reported.
Edison Says Wintershall Exits Galsi Project, Sells Stake Τρι, 19 Φεβρουαρίου 2008 - 07:41 Italian energy company Edison SpA (EDN.MI) said Tuesday that BASF AG's (BAS.XE) wholly-owned subsidiary, Wintershall AG, exited a project to transport Algerian natural gas to Italy, selling its stake to the other investors involved.
Rosneft To Start Producing Oil In Algeria By 2011 - Report Τρι, 19 Φεβρουαρίου 2008 - 07:39 Russian oil major OAO Rosneft (ROSN.RS) will start working on two fields in Algeria this year with a view to extracting oil there by 2011, Prime-Tass news agency reported Tuesday.
Albania Launches Intl Tender For State-owned Oil Company Τρι, 19 Φεβρουαρίου 2008 - 07:38 Albania has launched an international tender for an 85% stake in the state-owned ARMO oil company, the government said Tuesday.
E.ON Ruhrgas Plans To Expand Product Portfolio From Oct. 1 Τρι, 19 Φεβρουαρίου 2008 - 07:36 E.ON Ruhrgas AG, the natural gas arm of German utility E.ON AG (EOA.XE), Tuesday said it intends to expand its product portfolio from Oct. 1.
Gazprom, IES-Holding Agree On Joint Buy Of TGK-7 Τρι, 19 Φεβρουαρίου 2008 - 04:35 Russian gas monopoly OAO Gazprom (GAZP.RS) and Integrated Energy Systems Holding have agreed on the joint purchase of electricity generator OAO TGK-7 (TGKG.RS), news agency Interfax reported Tuesday, citing unnamed sources close to the companies.
RWE, Utilities To Build Coal Power Plant In Hamm, Germany Τρι, 19 Φεβρουαρίου 2008 - 04:34 RWE AG said Tuesday it entered into a long-term partnership with municipal utilities in which RWE Power AG and 23 municipal utilities from North Rhine-Westphalia, Hesse and Rhineland- Palatinate will participate in the construction of a joint hard-coal power plant in Hamm.
Lukoil Cuts Oil Flow To Germany In Pricing Row Τρι, 19 Φεβρουαρίου 2008 - 04:33 Russian oil firm Lukoil (LKOH.RS) stopped oil supplies to Germany in February, the result of a pricing row with the monopoly importer of Russian crude into Germany, Sunimex, Reuters reported, citing trade sources.