English Edition

RWE AG Separates Function Of Corp Devt From M&A

Δευ, 18 Φεβρουαρίου 2008 - 02:25

To maintain the focus on sustainable growth, RWE AG is driving forward the centralisation of key Group functions, the company said Monday.

Rosneft CEO: Oil Output Seen Up 50% By 2020

Παρ, 15 Φεβρουαρίου 2008 - 06:15

Russian state-controlled oil major OAO Rosneft (ROSN.RS) will increase oil output 50% by 2020 thanks to aquisition and organic growth, Chief Executive Sergei Bogdanchikov said Friday at an economic forum in the Siberian city of Kransoyarsk, Prime-Tass reported.

Lukoil Acquires Two Retail Networks With 148 Outlets

Παρ, 15 Φεβρουαρίου 2008 - 06:14

Russia's second-biggest oil producer OAO Lukoil (LKOH.RS) Friday said it had completed the acquisition of two Moscow-based retail networks, Grand and Mega-Oil M.

OGK-1 Approves TNK-BP Pact; TNK-BP To Enter Wholesale Pwr Mkt

Παρ, 15 Φεβρουαρίου 2008 - 06:12

Russian wholesale generation company OAO OGK-1 (OGKA.RS) said Friday its board of directors has approved an agreement with TNK-BP Holding (TNBP.RS), which will enable the oil company to use its associated gas and enter the wholesale electricity market.

OPEC Report Hints Output Cut Needed If Supply Rise Continues

Παρ, 15 Φεβρουαρίου 2008 - 06:11

The Organization of Petroleum Exporting Countries said Friday weakening world economic growth and demand prospects and ongoing increases in U.S. and European crude and gasoline inventories could soon force the producer group to pare back its own production to avert a drop in crude prices.

Iberdrola Talks To La Caixa To Prevent EdF Entry

Παρ, 15 Φεβρουαρίου 2008 - 03:49

Iberdrola SA's (IBE.MC) Chairman Ignacio Sanchez Galan has met the top brass of Catalan savings bank La Caixa, which controls gas supplier Gas Natural SDG SA (GAS.MC), in an effort to prevent a hostile takeover approach from Electricite de France (1024251.FR), local daily El Mundo reports Friday, citing sources close to La Caixa.

Gazprom 3Q IFRS Net Profit As Volumes Fall, Costs Jump

Παρ, 15 Φεβρουαρίου 2008 - 03:48

Russian gas monopoly OAO Gazprom (GAZP.RS) Friday said nine-month net profit fell 3.4% on the year due to unusually warm weather and rising operating costs.

Enel Says Owns Over 50% Of OGK-5 From Prelim Tender Results

Παρ, 15 Φεβρουαρίου 2008 - 03:47

Enel SpA (ENEL.MI), Italy's biggest utility by market value, said Friday that according to preliminary results it owns more than 50% of OAO OGK-5 (OGKE.RS) following the end of its tender bid for the Russian electricity generator.

MOL Sees Favorable '08 Environment,Eyes Further Acquisitions

Παρ, 15 Φεβρουαρίου 2008 - 03:45

Hungarian oil and gas company MOL Nyrt. (MOL.BU) expects its operating environment to remain largely favorable in 2008 with only petrochemical margins undergoing a slight softening, the company said Friday.

Sibir: 1st Well At Orekhovskoye Field In Siberia Started

Παρ, 15 Φεβρουαρίου 2008 - 03:43

London-listed oil company Sibir Energy PLC (SBE.LN) said Friday that it has drilled the first development well at the Orekhovskoye oil field in the Khanty-Mansiysk Autonomous District of western Siberia.

Economy drops gear in Q4

Παρ, 15 Φεβρουαρίου 2008 - 02:33

Greek economic growth decelerated more than economists had expected in the last three months of 2007 but continued to outperform the broader eurozone, the National Statistics Service (NSS) said yesterday.

Gov’t threatens penal charges

Παρ, 15 Φεβρουαρίου 2008 - 02:24

The government warned fuel distributors yesterday they will face penal charges if they are found to be causing artificial shortages of heating oil as of today, when a new tax provision comes into effect. A cold spell is forecast for the weekend.

Gazprom Research Unit: Yamal Gas Reserves 51,000 BCM

Πεμ, 14 Φεβρουαρίου 2008 - 05:24

Scientific research Institute of Natural Gases and Gas Technologies VNIIGAZ Ltd. - founded by Russian gas monopoly OAO Gazprom (GAZP.RS) - estimates gas reserves at Yamal peninsula and Arctic shelf at 51 trillion cubic meters, the news agency ITAR-tass reported Thursday.