English Edition

Algeria Bid Round Won't Favor NOCs; Gazprom Involved

Τρι, 8 Απριλίου 2008 - 05:03

National oil companies won't be favored in Algeria's upcoming licensing round, which will also draw up new contracts for the winners with a windfall oil tax already built into them, Algeria's oil minister said Tuesday.

UAE's RAK Petroleum Appoints Apache Intl Founder To Board

Τρι, 8 Απριλίου 2008 - 05:01

RAK Petroleum, a United Arab Emirates-based oil and gas firm, Tuesday said it appointed Bijan Mossavar-Rahmani, founder and first chief executive of Houston-based Apache International Inc., to its board of directors.

Iberdrola, La Caixa Clash Over Gas Natural Tie-Up

Δευ, 7 Απριλίου 2008 - 04:50

The top managers of Iberdrola SA (IBE.MC) and La Caixa are in disagreement over key details of a possible tie-up between Iberdrola and Gas Natural SDG SA (GAS.MC), Spanish state-owned newswire Efe reported Monday, citing financial sources close to the situation.

E.ON UK Humber Offshore Wind Proj Faces MoD Opposition

Δευ, 7 Απριλίου 2008 - 04:46

The U.K. Ministry of Defense is understood to have objected to E.ON UK's plans to build the 300 megawatt offshore Humber wind project on grounds that it could cause interference with its radar operations, The Guardian reports without citing sources.

CEZ Says Won't Bid In Tender For Russia's TGK-4 Power Company

Δευ, 7 Απριλίου 2008 - 04:42

Czech power utility CEZ AS (BAACEZ.PR) said Monday it will not bid for Russian regional power company OAO TGK-4 (TGKD.RS), despite saying that it would in previous statements

Iberdrola Denies Report Of Gas Natural Tie-up Talks

Δευ, 7 Απριλίου 2008 - 04:34

Iberdrola SA (IBE.MC) Monday denied a report that the Spanish power utility is negotiating a possible tie-up with Spanish natural gas distributor Gas Natural SDG SA (GAS.MC).

Kuwait Oil Min: Oil Market Being Driven By Exchange Rate

Δευ, 7 Απριλίου 2008 - 04:30

Kuwait's acting oil minister said Monday that oil prices are being driven not by supply and demand, but by the value of the U.S. dollar.

Abu Dhabi Borouge To Study Phase 3 Petchem Plant Expansion

Δευ, 7 Απριλίου 2008 - 04:25

Abu Dhabi Polymers Co., or Borouge, a joint venture between Abu Dhabi National Oil Co. and Vienna-based Borealis, Monday said it launched a study to determine the feasibility of a third expansion of its petrochemicals complex in the U.A.E.'s largest emirate.

Syria To Get 50M Cubic Feet/Gas A Day From Iraq-Syria Oil Min

Δευ, 7 Απριλίου 2008 - 04:21

Syrian Oil Minister Sufian al-Alao said Monday Syria and Iraq have signed a deal under which Syria will buy 50 million cubic feet a day of gas from Iraq.

Verbund in Turkey

Παρ, 4 Απριλίου 2008 - 04:28

Austria’s leading electricity company Verbund announced yesterday the construction by its Turkish joint venture of a 920-megawatt gas-fired power plant in northeastern Turkey by 2010.

Athens Heat Problem: Overlapping Authorities are Big Obstacle to Solution

Παρ, 4 Απριλίου 2008 - 04:23

In the summer of 2003, the hottest on record since 1757, temperatures rose to 45 degrees Celsius and thousands of people died in France and Italy. In 2005, summer temperatures in Greece were 8 degrees Celsius above average. In Cyprus, measures have just been taken to reduce water consumption down to 30 percent.

Gazprom In Talks To Gain Control Over TNK-BP

Παρ, 4 Απριλίου 2008 - 04:05

Russia's OAO Gazprom (GAZP.RS) is in talks with TNK-BP (TNBP.RS), half owned by U.K. oil major BP PLC (BP), to gain a 51% stake in the joint venture, the RBK Daily said Friday, citing two unnamed sources.

Yukos Paid RUB90 Billion Too Much In Taxes

Παρ, 4 Απριλίου 2008 - 04:04

Now-bankrupt oil major OAO Yukos, formerly Russia's largest oil producer, has paid 90 billion rubles ($3.8 billion) too much in taxes, a Moscow court said, the Vedomosti daily reported Friday.