English Edition

Enel set to expand in Romania and elsewhere, according to firm’s CEO

Italy’s power utility giant Enel has ended its expansion drive by acquisition and begun focusing on developing its operations in Romania and other countries where it has a presence, according to its chief executive. “The phase of the big expansion via acquisitions has come to an end with Endesa and OGK-5,” Fulvio Conti told the Borsa & Finanza weekly business newspaper, published on Saturday.

Russian Resources Min Slams Gazprom, TNK-BP Over Kovykta

MOSCOW (Dow Jones)--Russian Natural Resources Minister Yury Trutnev Monday accused the country's gas monopoly OAO Gazprom (GAZP.RS) and TNK-BP Holding (TNBP.RS) for not presenting the terms of the Kovykta gas field exploration.

Gazprom Considers Increasing Its Stake In TGK-1

MOSCOW (Dow Jones)--Russia's state-controlled gas monopoly OAO Gazprom (GAZP.RS) is considering increasing its stake in power generating company OAO TGK-1 (TGKA.RS), Interfax agency reported Monday, quoting Gazprom's chief executive Alexei Miller.

France's CEA Requires EUR6B From Areva Shr Sale

US Govt Disregarded Warnings On Pvt Security In Iraq

NEW YORK (Dow Jones)--The U.S. government disregarded numerous warnings over the past two years about the risks of using Blackwater Worldwide and other private security firms in Iraq, The Washington Post reports in its Monday edition, citing government officials, private security firms and documents.

U.S. Navy Monitoring Riots, Security In Bahrain

DUBAI (Zawya Dow Jones)--The U.S. Navy is monitoring "closely" the security situation in Bahrain after rioting in Shiite Muslim areas of the Persian Gulf monarchy, according to a Navy spokesperson.

Dolphin Energy Awards $200M Pipeline Contract To Salzgitter

DUBAI (Dow Jones)--Abu-Dhabi's Dolphin Energy Ltd. said it has awarded Germany's Salzgitter Mannesmann International a contract to build a gas pipeline to supply a new power plant in Fujairah on the East coast of the United Arab Emirates

ExxonMobil Kashagan Resolution Terms 'Risky'

ALMATY, Kazakhstan (Dow Jones)--Kazakh Energy Minister Sauat Mynbayev said Monday that U.S. ExxonMobil's (XOM) conditions to resolve a dispute over the giant Kashagan oil field was risky for Kazakhstan and differed from the rest of the Eni SpA-led (E) consortium, Interfax news agency reported.

Bulgaria’s Electricity Exports Sharply down

Bulgaria’s dominant power utility NEK said its electricity exports would be around 4.5 kilowatt-hours (kWh) this year, some 42 percent less than a year earlier but much more than previously expected.

EU OKs Enel To Buy Majority Stake In Romania's Electrica

BRUSSELS (Dow Jones)--The European Commission Friday cleared Italy's Enel SpA (ENEL.MI) to buy a 67.5% stake in Romanian state-run retail power company Electrica SA.

Suez European Works Council To File GdF Merger Opinion Jan7

PARIS (Dow Jones)--The European works council of Franco-Belgian energy and environment conglomerate Suez (SZE.FR) said Thursday it will give an opinion on the company's planned merger with Gaz de France (1020848.FR) Jan. 7.

Putin Could Become Gazprom Chairman Next Year

Russian President Vladimir Putin could take over from his likely successor Dmitry Medvedev as chairman of OAO Gazprom

Enel, F2i Sign MoU For Possible Italy Gas Storage Investment

ROME (Dow Jones)--Enel SpA (ENEL.MI), Italy's biggest utility by revenue, said Friday it has signed a memorandum of understanding with infrastructure fund F2i to study possible joint projects in the country's natural gas storage market, with potential investment of EUR250 million.