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Portugal Govt Won't Swap REN Shares With Spain's Enagas-Paper

LISBON (Dow Jones)--The Portuguese government isn't willing to sell a stake in Portuguese electricity grid operator Redes Energeticas Nacionais (REN.LB), or REN, to Spain's Enagas SA (ENG.MC), Diario Economico reports Monday citing a government unnamed source.

Expensive Oil To Sustain Gusher Of Energy IPOs

One segment of the stock market is grinning as crude oil flirts with $100 a barrel: initial public offerings of energy companies. Already last year, the sector was the third-most active area of new U.S. stock listings, with everything from traditional gas and oil producers to pipeline operators to alternative-energy investments. Bankers said they expect a similar wide swath of deals this year

Gazprom In Early-Stage Gas Talks With Nigeria

LONDON (Dow Jones)--Russia's Gazprom OAO (GAZP.RS) is in discussions with the Nigerian government about signing an energy deal that would see the giant state-run natural gas company help explore and develop the West African nation's giant gas resources, a senior Nigerian oil official and Gazprom officials said Saturday.

Total CEO:Plans Extra Invest In 08 Amid High Oil Prices-Radio

PARIS (Dow Jones)--French oil and gas major Total SA (TOT) plans to increase investment in boosting oil production in 2008 as higher oil prices bring in extra revenue, Chief Executive Christophe de Margerie said Saturday

UAE Indicates It Will Renew Japan Oil Field Contracts -Nikkei

TOKYO (Dow Jones)--Abu Dhabi has indicated that it will renew and expand contracts held by Japanese firms on oil fields in the emirate beyond their expiration beginning in 2012, The Nikkei said in its Monday morning edition.

OIL FUTURES: Nymex Crude Down On Econ,Weather; OPEC Weighs In

Crude oil futures fell Monday in Asia as traders pocketed earlier gains, reacting to Friday's weak U.S. jobs data and warmer temperatures in the country's Northeast, the leading demand center for winter heating fuels.

Vinci, Areva Eye Pact To Build Reactors

Eni CEO, Tunisia PM Meet To Discuss Planned Gas Pipe,2 Fields

ROME (Dow Jones)--Eni SpA (E), Italy's biggest oil and natural gas company by revenue, said Friday Chief Executive Paolo Scaroni met with Tunisia's Prime Minister Mohamed Ghannouchi to discuss the future of the planned Transmed gas pipeline, as well as the development of two oil and gas fields.

Oinofyta Still has Bad Water

A consumer protection group has taken legal action against municipal authorities in Oinofyta, north of Attica, after they failed to honor a promise to replace toxic drinking water in the area with a clean supply.

Iraq Awards Over 2M Bbl Kirkuk Oil In Last Tender -Official

AMMAN (Dow Jones)--Iraq's State Oil Marketing Organization, or SOMO awarded over 2 million barrels of Kirkuk crude oil in its 13th and final tender for 2007, a senior Iraqi oil official said Friday.

Boost for Green Lessons at Schools

The Education Ministry has decided to make a priority of improving teaching about the environment at schools as green issues begin to take on more importance in Greece, sources said yesterday.

WSJ Editorial: Oil And The Dollar

Oil prices finally hit $100 a barrel this week, albeit briefly, but breaking through that symbolic barrier is ominous and higher gasoline prices are sure to follow. Supply disruptions in various places and surging demand in China and India are part of the explanation for this decade's upward trend in oil prices. But perhaps the biggest factor has been largely overlooked: the decline in the value of the dollar

Gaz De France Spins Off Natural Gas Distribution Activities

PARIS (Dow Jones)--French gas utility Gaz de France (1020848.FR) said Thursday it has spun off its natural gas distribution activities into a new fully consolidated subsidiary, Gaz reseau Distribution France, in compliance with the law.