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Ending Oil/Gas Price Link May Reduce EU Coal Use

Πεμ, 13 Δεκεμβρίου 2007 - 01:48

Revision of Gas Pricing Formula May Reduce Gas Cost by 30%

China CNPC To Talk With Russia On Oil Pipeline Construction

Πεμ, 13 Δεκεμβρίου 2007 - 01:43

BEIJING (Dow Jones)--China National Petroleum Corp. has sent a delegation to Russia to discuss the possibility of participating in the construction of an oil pipeline from East Siberia to the Pacific Coast, according to a posting on the Web site of the Ministry of Commerce Thursday.

MOL: To Appeal Hungarian Capital Mkt Watchdog Fine In Court

Πεμ, 13 Δεκεμβρίου 2007 - 01:39

BUDAPEST (Dow Jones)--Hungarian oil and gas company MOL Magyar Olaj- es Gazipari Nyrt. (MOL.BU) said Thursday that it will appeal in court against the Hungarian capital market, or PSZAF's fine for insider trading.

Enel Unveils Endesa Synergies Topping EUR1B/Yr By 2012

Τετ, 12 Δεκεμβρίου 2007 - 07:45

LONDON (Dow Jones)--Enel SpA (ENEL.MI) sees annual synergies of more than EUR1 billion by 2012 at Endesa SA (ELE.MC), the Italian company said Wednesday, after successfully securing the Spanish utility in the world's biggest utility takeover.

Saudi Oil Min: Kingdom Standing By Climate Responsibilities

Τετ, 12 Δεκεμβρίου 2007 - 07:41

BALI, Indonesia (Dow Jones)--Saudi Arabia is standing by its climate-change responsibilities, the country's oil minister said Wednesday.

Vekselberg:Gazprom To Close Kovykta Deal By End March

Τετ, 12 Δεκεμβρίου 2007 - 07:39

MOSCOW (Dow Jones)--Russian gas monopoly OAO Gazprom (GAZP.RS) will close its purchase of a controlling stake in the Kovykta gas field by the end of March, Prime-Tass news agency reported Wednesday, citing one of the selling shareholders.

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.