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Saudi Sabic Gets Regulator OK To Raise Cap 20% Via Bonus Shrs

Δευ, 21 Ιανουαρίου 2008 - 05:38

Saudi Basic Industries Corp. (2010.SA), the world's largest petrochemicals maker by market value, Monday received the market regulator's approval to raise its capital by 20% to 30 billion Saudi riyals ($8 billion) from SAR25 billion.

Iraq Suspends North Oil Exports On Pipeline Repair - Official

Δευ, 21 Ιανουαρίου 2008 - 05:36

Iraq has suspended crude oil exports from its northern oil fields due to a fault on the pipeline that carries crude from the Kirkuk oil fields to Turkey's Ceyhan port, an Iraqi oil official said Monday.

StatoilHydro Seeks Right For Extended Snohvit Start-Up Period

Δευ, 21 Ιανουαρίου 2008 - 05:34

StatoilHydro has Monday submitted an application to the Norwegian Pollution Control Authority (SFT) for an extended start-up period, and given an account of increased carbon emissions from the LNG plant at Melkoya near Hammerfest.

Greek Power Workers' Union To Strike Over PPC's Deal With RWE

Δευ, 21 Ιανουαρίου 2008 - 05:32

Workers at Greece's 51% state-controlled Public Power Corporation SA (PPC.AT) will stage a 24-hour strike Jan. 29, to protest against management plans to jointly build two new power plants in conjunction with Germany's RWE AG (RWE.XE).

UK Govt Report Calls For Halt On Biofuels Targets

Δευ, 21 Ιανουαρίου 2008 - 05:31

Production of the most commonly used biofuels should cease until the environmental impact of alternative fuels improves, said the U.K. government's Environmental Audit Committee Monday.

CEZ Bids In Romanian Tender To Build Thermal Power Plant

Δευ, 21 Ιανουαρίου 2008 - 05:29

Czech power utility CEZ AS (BAACEZ.PR) said Monday it has placed a bid in a tender of state-run Romanian utility Termoelectrica to build a new thermal power plant in this Balkan country.

BP, Rio Tinto, Abu Dhabi Target First Hydrogen Power By 2012

Δευ, 21 Ιανουαρίου 2008 - 05:28

Hydrogen Energy, a joint venture of BP PLC (BP) and Rio Tinto PLC (RTP), and Abu Dhabi plan to produce first electricity from a $2-billion hydrogen power plant in the U.A.E.'s largest emirate by 2012, the partners said in a joint statement Monday.

Vattenfall Europe Launches Germany-Wide Retail Power Offering

Δευ, 21 Ιανουαρίου 2008 - 05:27

Vattenfall Europe AG (VTT.XE) Monday said it will offer electricity to private households throughout Germany starting immediately.

Exxon Plans Partial UK Fawley Refinery Maintenance Feb-Trade

Δευ, 21 Ιανουαρίου 2008 - 05:25

Exxon Mobil Corp. (XOM) will partially shut its 300,000 barrel-a-day Fawley refinery in the U.K. for maintenance in February, oil product traders said Monday.

PPC Plan for New Plan Faces Local Opposition

Δευ, 21 Ιανουαρίου 2008 - 02:20

The Public Power Corporation (PPC), Greece’s biggest electricity producer, is facing local resistance to its plans to build a plan in the town of Elefsina, west of Athens. Elefsina “states its opposition to the construction of a giant electricity production plant”, the municipal council said today in an e-mailed statement, citing a citizens’ group. Christos Christakis, a spokesman for the group and a local councilor, confirmed the statement in a telephone interview.

Greece to Face UN on Emissions

Δευ, 21 Ιανουαρίου 2008 - 02:18

Greece will next month have to explain its poor record in measuring carbon dioxide (CO2) emissions to the United Nations compliance committee for the Kyoto Protocol, European Environment Commissioner Stavros Dimas said.

Putin Seals Balkan Energy Deals to Boost EU Supplies

Δευ, 21 Ιανουαρίου 2008 - 02:15

Russian President Vladimir Putin, on his last planned foreign trip as Kremlin leader, sealed pipeline and nuclear power accords with Bulgaria, strengthening Russia’s role as an energy supplier to the European Union.

Greece Waiting on Gas Talks

Δευ, 21 Ιανουαρίου 2008 - 02:12

Tehran and Ankara are still in talks on resuming Iranian gas flows to Turkey, Energy Minister Hilmi Guler said yesterday, adding that Turkey had no immediate plans to restore its gas flow to Greece.

HELPE May Respond to Falling Profits with Cut in Processing

Δευ, 21 Ιανουαρίου 2008 - 02:08

Hellenic Petroleum (HELPE), Greece’s biggest oil company, may cut crude processing rates should profit margins continue to fall. “We haven’t done anything yet, but it’s only been in the last 20 days or so that margins have been affected,” said George Grigoriou, an investor relations officer with HELPE.

Pipeline Fire, Tanker Blast In Southern Nigeria -AFP

Δευ, 21 Ιανουαρίου 2008 - 02:05

A major oil pipeline belonging to Italian oil company Agip caught fire and a tanker truck exploded in separate incidents Monday in southern Nigeria, military and industry sources said.

Iran: West Looking For Excuses To Act Vs Its Nuclear Program

Δευ, 21 Ιανουαρίου 2008 - 02:03

Western countries are just looking for excuses to act against Iran's atomic program but their efforts will be in vain as the Tehran will continue working with the U.N.'s nuclear watchdog, a government official said Monday.