English Edition

Nuclear Power Is Headed For A Fight

Τετ, 12 Δεκεμβρίου 2007 - 02:23

Even as interest grows in a potential new generation of U.S. nuclear-power plants, scrutiny is intensifying over existing ones. The Nuclear Regulatory Commission is logging the first serious challenges to requests by operators who want to extend operating licenses for existing plants by 20 years.

Saudi Industrial Drive Strains Oil-Export Role

Τετ, 12 Δεκεμβρίου 2007 - 02:21

RIYADH, Saudi Arabia -- Long the biggest spigot for crude oil, Saudi Arabia now has broader ambitions. It wants to become a big exporter of chemicals, aluminum and plastic, and in the process to create jobs. Saudi Arabia is on a building binge. In the works are new seaports, an extended railroad system, a series of new industrial cities and a score of refineries, power stations and smelters.

Unions Could Try To Block GDF-Suez Merger

Τετ, 12 Δεκεμβρίου 2007 - 02:12

PARIS (Dow Jones)--Trade unions of French state-controlled natural gas operator Gaz de France (1020848.FR) could try to block the merger of the company with utility Suez (SZE.FR), French business daily La Tribune reported Wednesday, citing labor sources.

EGL FY07 Net Pft Up 82%

Τετ, 12 Δεκεμβρίου 2007 - 02:08

ZURICH (Dow Jones)--Swiss energy company Elektrizitaets-Gesellschaft Laufenburg AG, or EGL (EGL.EB), Wednesday reported an 82% jump in net profit for the fiscal year which ended in September.

Repsol Plans Annual Investments Of EUR5B For 5 Years

Τετ, 12 Δεκεμβρίου 2007 - 02:04

Spanish oil company Repsol YPF SA (REP) is planning to invest EUR5 billion per year for the next five years as part of its strategic plan, which is expected to be unveiled in the first quarter of 2008, reports Gaceta de los Negocios in its Wednesday Internet edition, citing company sources.

EIA Predicts 5% Rise In U.S. Natural Gas Consumption In 2007

Τετ, 12 Δεκεμβρίου 2007 - 02:02

NEW YORK (Dow Jones)--Total natural gas consumption in the U.S. is expected to increase 5% in 2007 amid increases in residential and commercial use, but a return to near-normal weather in 2008 means prices will increase by only 1.1% next year, according to the U.S. Energy Information Administration.

TNK-BP Gives Drilling Contracts For More Than $3 Billion

Τετ, 12 Δεκεμβρίου 2007 - 01:59

MOSCOW (Dow Jones)--Russian-U.K. oil venture OAO TNK-BP (TNBP.RS) Wednesday said it has awarded more than $3 billion in contracts for drilling and workover rigs.

KazMunaiGas E&P Closes Buy Of 50% Of CITIC Canada Energy Ltd

Τετ, 12 Δεκεμβρίου 2007 - 01:56

ALMATY, Kazakhstan (Dow Jones)--Kazakh oil and gas producer JSC KazMunaiGas Exploration Production (RDGZ.KZ), or KMG EP, said Wednesday it has completed the acquisition of a 50% stake in CITIC Canada Energy Limited from China's CITIC Group.

Calik refinery

Τετ, 12 Δεκεμβρίου 2007 - 01:55

Turkey's energy regulator has decided to grant a license to a consortium of Calik Holding and Indian Oil Corp (IOC) to build an oil refinery, sources familiar with the matter told Reuters yesterday.

Total CEO Sees Possible Oil Sector Consolidation

Τετ, 12 Δεκεμβρίου 2007 - 01:54

Total SA's (TOT) chief executive tells Les Echos on Wednesday that a consolidation in the oil industry "isn't impossible" with valuations "not huge," but that his company isn't threatened and a takeover bid for Total would be unrealistic

EU gives thumbs-up to Bulgaria’s new nuclear power plant

Τετ, 12 Δεκεμβρίου 2007 - 01:48

The European Commission said yesterday it had given a favorable reply to the construction of a new –4 billion nuclear power plant in Bulgaria with capacity of 2,000 megawatts.

Sofia irked by CO2 quotas

Τετ, 12 Δεκεμβρίου 2007 - 01:45

Bulgaria, unhappy about the EU cutting its 2008-12 carbon emissions quota by 37 percent, will not seek a total review of the plan but accuses Brussels of ignoring key factors, the environment minister said yesterday.

Putin Chooses Young Loyalist As Successor

Τρι, 11 Δεκεμβρίου 2007 - 05:41

MOSCOW -- Dmitry Medvedev, Russia's probable next president, is a fan of English heavy-metal bands and a youthful former lawyer in a government packed with ex-KGB men from the Soviet era. But while he may soften the Kremlin's image in the West, there is little sign the 42-year-old protege of President Vladimir Putin will alter Russia's authoritarian direction.