English Edition

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.

General Electric invests $3 billion with Gama

Τρι, 11 Δεκεμβρίου 2007 - 05:31

unit of General Electric Co. will invest at least $3 billion to build power plants in Turkey and the Middle East with its Turkish partner Gama Holding after buying a stake in Gama's energy company.

Kashagan Wed Meeting Not Viewed "Conclusive" -Eni CEO

Τρι, 11 Δεκεμβρίου 2007 - 05:14

ROME (MF-Dow Jones)--A meeting in London Wednesday between the consortium developing the Kashagan oil project and the Kazakhstan government following cost overruns and delays in output isn't expected to be "conclusive", said Chief Executive Paolo Scaroni of Eni SpA (E) Tuesday.

Nord Stream Gas Pipeline Costs Surge To EUR8 Bln

Τρι, 11 Δεκεμβρίου 2007 - 05:05

NEW YORK (Dow Jones)--Former German Chancellor Gerhard Schroeder said Monday that a planned natural gas pipeline under the Baltic Sea would cost EUR8 billion ($11.77 billion.)

IEA Chief Sees Extra OPEC Oil Reaching Mkt This Mo

Τρι, 11 Δεκεμβρίου 2007 - 05:01

BALI, Indonesia (Dow Jones)--Some members of the Organization of Petroleum Exporting Countries are likely to deliver additional crude oil supplies to global markets this month, despite the group's decision last week to maintain its official output targets.

French State Council Cancels '06 Natural Gas Tariffs Freezing

Τρι, 11 Δεκεμβρίου 2007 - 01:40

French Council of State on Monday canceled a Dec. 29, 2005 governmental order freezing natural gas tariffs for six months

Russia's UES Mulls Selling Its Shares To Pension Fund - Paper

Τρι, 11 Δεκεμβρίου 2007 - 01:38

RAO Unified Energy Systems of Russia (EESR.RS) is contemplating selling its shares that are presented for buyback to the Russian Pension Fund, the newspaper Vedomosti reported Tuesday, citing sources close to the UES board.

Saudi Aramco Keeps Jan Crude Supply For Asia Full

Τρι, 11 Δεκεμβρίου 2007 - 01:35

Saudi Arabian Oil Co., or Saudi Aramco, told its crude oil buyers in Japan and South Korea that it will keep January crude shipments steady at full contractual volumes, officials at the Northeast Asian refiners said Tuesday.

Portugal's Galp Signs MOU With Libyan Co On Energy Projects

Δευ, 10 Δεκεμβρίου 2007 - 07:12

Portuguese energy company Galp Energia (GALP.LB) said late Sunday it signed a memorandum of understanding with Libya Africa Investment Portfolio to create a joint venture over the possible development of oil and natural gas exploration and production projects in Libya.