English Edition

EC Clashes with Greece on Emissions

Πεμ, 24 Απριλίου 2008 - 05:08

The European Commission said yesterday that the Environment and Public Works Ministry had been fully aware of Greece’s imminent suspension from a United Nations carbon emissions trading program – and that this could lead to legal action – even as the ministry insisted that no “final decision” had been made.

Alogoskoufis Claims Some Success in Tax Evasion Fight

Πεμ, 24 Απριλίου 2008 - 05:04

Economy and Finance Minister Giorgos Alogoskoufis yesterday urged tax officials to intensify their efforts in the battle against extensive tax evasion, particularly as regards illegal fuel trading, but also to show full respect for the rights of taxpayers.

RenCap Recommends Swapping Lukoil For Gazprom

Πεμ, 24 Απριλίου 2008 - 02:01

Renaissance Capital advises investors in Lukoil (LKOH.RS) to move into Gazprom (GAZP.RS) instead. "We believe that after Lukoil's excellent recent run, a switch to Gazprom would make sense," says Tom Mundy.

Russian Oil Export Duty To Reach Record $395-$400/Ton Jun 1

Πεμ, 24 Απριλίου 2008 - 01:59

Russia's oil export duty will reach a record $395-$400 a metric ton as of June 1, the Interfax news agency reported Thursday citing a Finance Ministry official.

Eni Announces Hydrocarbon Discovery In Norwegian North Sea

Πεμ, 24 Απριλίου 2008 - 01:58

Eni SpA (E) said Thursday it has successfully completed drilling and testing operations of well 34/12-1 on the new Afrodite gas/condensate discovery in Norway.

Gazprom Not In Talks To Buy Control Of BP's JV TNK-BP-Sources

Πεμ, 24 Απριλίου 2008 - 01:56

OAO Gazprom (GAZP.RS) is not in talks to take control of BP PLC's (BP) joint-venture TNK-BP (TNBP.RS), people familiar with both companies said, undermining a press report saying the price for the acquisition has already been set.

Eni Holding Launches Mandatory Offer For 20% Of HOEC

Πεμ, 24 Απριλίου 2008 - 01:54

Eni Holding, a wholly-owned subsidiary of Eni SpA (E), has launched a mandatory open offer for 20% of the shares of Hindustan Oil Exploration Limited (HOEC) at a price of 144.2 rupees per share.

Gaz de France 1Q Sales +15% To EUR10.38B On Higher Prices

Πεμ, 24 Απριλίου 2008 - 01:53

French utility Gaz de France (1020848.FR) Thursday said sales jumped 15% in the first quarter of 2008, helped by higher gas prices and a colder quarter than in 2007.

EdF Energies Nouvelles Signs Pact For Crane Creek Project

Πεμ, 24 Απριλίου 2008 - 01:52

French renewable power company EdF Energies Nouvelles (EEN.FR) announced Thursday the signing of a new agreement for the development and construction of the Crane Creek project in Iowa on behalf of a third party.

Spanish Govt Asks Iberdrola, Gas Natural To Merge

Πεμ, 24 Απριλίου 2008 - 01:50

Spanish Finance Minister Pedro Solbes and Industry Minister Miguel Sebastian have asked the main shareholders of Iberdrola SA (IBE.MC) and Gas Natural SDG SA (GAS.MC) to put together a plan to merge, reports Cinco Dias in its Thursday Internet edition, citing people familiar with the talks.

OMV Committed To MOL-Takeover Plan Despite Discouraging AGM

Πεμ, 24 Απριλίου 2008 - 01:48

Austrian oil and gas company OMV AG (OMV.VI) remains committed to its intention of taking over Hungarian peer MOL Nyrt. (MOL.BU) it said late Wednesday, following a discouraging MOL annual meeting.

Terna Says Still Distant From Enel On Power-Lines Price

Πεμ, 24 Απριλίου 2008 - 01:47

Terna SpA (TRN.MI) Chief Executive Flavio Cattaneo said Wednesday the group is considering the option to buy Enel SpA's (ENEL.MI) power lines, but the two companies are still "distant" over price.

Gazprom Delays LNG Exports From Sakhalin To End 2009

Τετ, 23 Απριλίου 2008 - 06:27

Russia's state-run gas monopoly OAO Gazprom (GAZP.RS) will delay its first exports of liquified natural gas, or LNG, from its Sakhalin-2 project in Russia's Far East to the end of 2009, Alexander Medvedev, head of Gazprom's export arm, said Wednesday.