1. English Edition

English Edition

Turk energy hikes worry

Turk energy hikes worry

Παρ, 28 Δεκεμβρίου 2007 - 06:44

Turkey’s central bank said yesterday planned hikes in electricity and natural gas prices led the bank to take a cautious stance on monetary policy.

GdF To Raise Tariffs For Businesses By 10%

GdF To Raise Tariffs For Businesses By 10%

Παρ, 28 Δεκεμβρίου 2007 - 05:57

PARIS (Dow Jones)--The French government will allow French gas giant Gaz de France (1020848.FR) to raise regulated gas tariffs for French business customers by 10% starting Jan. 1, 2008, the French financial daily Les Echos reports in its Friday edition without citing sources

Italys Eni Raises Its U.S. Profile

Italy's Eni Raises Its U.S. Profile

Παρ, 28 Δεκεμβρίου 2007 - 05:53

Italian oil titan Eni SpA, which has benefited from its ability to invest and expand in countries off-limits to American rivals, this year sharply raised its exposure on the home turf of Chevron Corp. and Exxon Mobil Corp.

EdF Exits Mexico Through $1.4 Billion Asset Sale

EdF Exits Mexico Through $1.4 Billion Asset Sale

Παρ, 28 Δεκεμβρίου 2007 - 05:20

PARIS (Dow Jones)--French state-controlled electricity group Electricite de France (1024251.FR), or EdF, Friday said it has finalized its exit from Mexico through the sale of its assets to Spanish group Gas Natural SDG SA (GAS.MC) for $1.4 billion.

StatoilHydro Launches Pazflor Development In Angola

StatoilHydro Launches Pazflor Development In Angola

Παρ, 28 Δεκεμβρίου 2007 - 05:14

StatoilHydro said Friday that Pazflor, the third hub in Angola block 17 is ready for development. After Girassol and Dalia and the subsea tie-back Rosa, the launch of Pazflor represents a major new stage in the development of Block 17. StatoilHydro has a 23.33% interest in the block.

Edison CEO Says Europe Needs To Raise Nuclear Capacity

Edison CEO Says Europe Needs To Raise Nuclear Capacity

Παρ, 28 Δεκεμβρίου 2007 - 04:54

Europe needs to increase its nuclear power capacity substantially to relieve its overdependence on gas, the chief executive of Edison, Umberto Quadrino has warned, The Financial Times reports Friday

Portugals CGD Raises Stake In EDP To 5.24% Vs 4.9%

Portugal's CGD Raises Stake In EDP To 5.24% Vs 4.9%

Παρ, 28 Δεκεμβρίου 2007 - 04:53

Portuguese state-controlled bank Caixa Geral de Depositos SA raised on Dec. 19 its total stake in the country's energy firm Energias de Portugal SA (EDP.LB) to 5.24%, or nearly 191.6 million shares, EDP said in a regulatory filing Thursday.

Energoinvest in Libyan deal

Energoinvest in Libyan deal

Παρ, 28 Δεκεμβρίου 2007 - 00:27

Bosnia’s largest engineering group Energoinvest has clinched a new $52 million deal with Libya to build power transmission lines and a transformer station, General Manager Dzemail Vlahovljak said yesterday.

PPC dismisses union claims on cooperation with RWE

PPC dismisses union claims on cooperation with RWE

Παρ, 28 Δεκεμβρίου 2007 - 00:24

The Public Power Corporation (PPC) has decided to toughen its stance toward its employee union (GENOP), making it clear it will not give in as far as the company’s cooperation with German firm Rheinisch-Westfalisches Elektrizitatswerk (RWE) is concerned.

French Govt Allows GdF Tariffs To Go Up 4% On Jan. 1 -Source

French Govt Allows GdF Tariffs To Go Up 4% On Jan. 1 -Source

Πεμ, 27 Δεκεμβρίου 2007 - 06:19

French utility Gaz de France (1020848.FR) has received the green light from the French government to raise its tariffs for French consumers by 4% from Jan. 1, a person close to the matter Thursday said.

CEZ Agrees To Take On 1-Yr Loan From ING To Fund MOL Deal

CEZ Agrees To Take On 1-Yr Loan From ING To Fund MOL Deal

Πεμ, 27 Δεκεμβρίου 2007 - 06:18

PRAGUE (Dow Jones)--Czech electricity utility CEZ AS (BAACEZ.PR) said Thursday it has agreed to take a one-year loan from a bank syndicate, led by ING Bank NV, to finance its acquisition of 7% of Hungarian energy company MOL NYRT (MOL.BU).

Nymex Crude Clears $96/Bbl; Turkey-Kurd Tension

Nymex Crude Clears $96/Bbl; Turkey-Kurd Tension

Πεμ, 27 Δεκεμβρίου 2007 - 06:14

NEW YORK (Dow Jones)--Crude oil futures soared past $96 a barrel to their highest level in nearly a month Wednesday, led by fears of a supply disruption from Turkish air strikes inside Iraq and a weaker dollar.

Sofia to challenge EU regulations on carbon dioxide emissions

Sofia to challenge EU regulations on carbon dioxide emissions

Πεμ, 27 Δεκεμβρίου 2007 - 00:07

The Bulgarian government will make a legal challenge to a European Commission order to cut carbon dioxide emissions quotas for 2008-2012, Foreign Minister Ivaylo Kalfin said on Friday. “Bulgaria will launch court proceedings at the European Court of Justice as the decision to severely reduce our CO2 quota makes things very difficult for industry,” Kalfin told a press conference.