English Edition

Iraq Lobbied Qatar Fri To Invest In Gas Projects

Παρ, 1 Φεβρουαρίου 2008 - 08:10

Iraq's Oil Minister Hussein Al-Sharistani Friday began talks that could see the tiny but influential gas-rich emirate of Qatar invest in gas developments there, a further sign that increasing stability in the war-torn country is igniting the interest of overseas investors.

Russian Regulator Won't Withdraw Kovykta License-Vedomosti

Παρ, 1 Φεβρουαρίου 2008 - 05:09

Russian subsoil agency Rosnedra won't withdraw a license to explore the Kovykta gas field from U.K.-Russian OAO TNK-BP's (TNBP.RS) unit Rusia Petroleum, newspaper Vedomosti reported Friday.

RWE To Invest Nearly EUR3B In Extra High-Voltage Grid By '17

Παρ, 1 Φεβρουαρίου 2008 - 05:07

RWE Transportnetz Strom, a unit of RWE AG (RWE.XE), said Friday the company plans to invest nearly EUR3 billion in its extra high-voltage grid activities by 2017.

Hungary MOL Welcomes A Thorough Investigation Of OMV's Bid

Παρ, 1 Φεβρουαρίου 2008 - 05:04

Hungarian oil and gas company MOL Nyrt. (MOL.BU) said Friday that it welcomes the opportunity for a thorough investigation by the European Commission of the significant anti-competitive effects which a combination with Austrian peer OMV AG (OMV.VI) would have for the Central European region and energy consumers.

OPEC Agrees To Leave Oil Output Unchanged

Παρ, 1 Φεβρουαρίου 2008 - 05:01

The Organization of Petroleum Exporting Countries left its current output levels unchanged Friday, a delegate told Dow Jones Newswires, with the group set to meet again March 5 to take stock of market conditions.

BNP Paribas Inks Deal To Fund Low-Carbon Projects in Russia

Παρ, 1 Φεβρουαρίου 2008 - 04:59

French bank BNP Paribas SA (13110.FR) said in a statement Friday that it has signed a deal with Russia's state-owned Vnesheconombank to jointly finance low-carbon projects in Russia.

Airbus A380 Starts Alternative Fuel Research Program

Παρ, 1 Φεβρουαρίου 2008 - 04:57

On Feb. 1, 2008, the Airbus A380 will launch the company's alternative fuel research program by becoming the first commercial aircraft to fly with a synthetic liquid fuel processed from gas in a three-hour flight between Filton, UK and Toulouse, France, Airbus said Friday.

StatoilHydro: Norwegian Fields Kristin, Huldra Offline

Παρ, 1 Φεβρουαρίου 2008 - 04:53

StatoilHydro ASA (STO) said Friday that its Kristin and Huldra fields are both offline, the former due to storms which have reduced lifeboat capacity, and the latter for "technical reasons."

Russia's Medvedev Hints At Foreign Policy Thaw

Παρ, 1 Φεβρουαρίου 2008 - 04:50

Russia's likely next leader, Dmitry Medvedev, may well soften Moscow's bare-knuckle approach to international relations, but don't expect the Russian bear to go cuddly, analysts said Friday.

OPEC Secy Genl: Hopes Any Recession Will Last Only 2 Or 3 Qtrs

Παρ, 1 Φεβρουαρίου 2008 - 04:47

Any recession in the U.S. and elsewhere may be brief and the emerging economies of India and China are likely to withstand it, top Organization of Petroleum Exporting Countries officials said Thursday, shortly after the cartel opted to leave its production levels untouched during policy talks.

Albania Power Deal

Παρ, 1 Φεβρουαρίου 2008 - 02:51

A tender won by Austrian utility EVN to build three hydroelectric power stations in Albania will require an investment of some 900 million euros ($1.3 billion), the country’s Energy Ministry said.

Gas Exporter Grp To Formalize Structure By End '08

Πεμ, 31 Ιανουαρίου 2008 - 06:40

A club involving the world's major gas exporting countries will formalize its structure and leadership by the end of this year, but won't be similar to the Organization of Petroleum Exporting Countries, an official familiar with the matter told Dow Jones Newswires Thursday.

Public Power Scorns Mytilineos Bid

Πεμ, 31 Ιανουαρίου 2008 - 06:38

Public Power Corporation (PPC) and the development ministry seem determined to sign a major energy deal with Germany's RWE. This comes despite objections from other players about the lack of transparency in the process, as well as continued union opposition. GENOP is planning a strike on January 29, opposing PPC's cooperation with RWE.