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Italys Sorgenia Buys 80% Of French Wind Power Co For EUR198M

Italy's Sorgenia Buys 80% Of French Wind Power Co For EUR198M

Italian energy company Sorgenia SpA said Monday it has agreed to buy 80% of French wind concern Societe Francaise d'Eoliennes, or SFE, in an auction for EUR198 million, as it expands into renewables.

Austrias Verbund Eyes EnBWs 37% Stake In EVN -Newspaper

Austria's Verbund Eyes EnBW's 37% Stake In EVN -Newspaper

Austria's Verbund AG is interested in buying a 37% stake in competitor EVN AG held by German utility EnBW Energie Baden-Wuerttemberg AG, German daily Financial Times Deutschland reports Monday, citing Verbund chief executive Michael Pistauer.

Total May Be Interested In Investing In Areva - Newspaper

Total May Be Interested In Investing In Areva - Newspaper

French oil company Total may be interested in investing in French State nuclear engineering firm Areva SA , French daily Le Figaro reports Monday, citing Chief Executive Christophe de Margerie.

Iraq Kurds Defy Baghdad On Oil Deals - AFP

Iraq Kurds Defy Baghdad On Oil Deals - AFP

The autonomous Kurdish regional government in northern Iraq Monday defied Baghdad by vowing to sign more contracts with international oil firms despite the national government's opposition.

Kazakh Govt Source Sees Progress On Kashagan Dispute-Interfax

Kazakh Govt Source Sees Progress On Kashagan Dispute-Interfax

Kazakhstan's government and a consortium of Western oil companies have moved closer towards settling their dispute over the Kashagan oil project the Interfax news agency reported over the weekend, citing a Kazakh government source.

OIL FUTURES:Brent Hits High On Dlr,Tight Fundamentals

OIL FUTURES:Brent Hits High On Dlr,Tight Fundamentals

Brent crude oil futures climbed to an all-time high Monday morning as continued weakness for the dollar and an underlying tight supply and demand balance offered support. Traders said a strong recovery for Nymex crude, which also climbed above $99 a barrel, just shy of its all-time high, has also bolstered Brent and upped the chances of further gains later in the day.

Gazprom Sees No Delays To Nord Stream Construction - Report

Gazprom Sees No Delays To Nord Stream Construction - Report

Russian gas monopoly OAO Gazprom isn't expecting any changes to the construction of the Nord Stream gas pipeline project between Russia and Germany, Interfax news agency reported Monday, citing Chief Executive Alexei Miller.

Athens under Pressure from US and Russia over Energy

Athens under Pressure from US and Russia over Energy

Greece is trying to reconcile its political and defense commitments to the USA with the cooperation it is pursuing with Russia in the energy sector. It is no easy task, as it is being brought up against the often conflicting interests between West and East which, at the dawn of the 21st century, are largely focused on energy.

EU Denies Double Counting Of CO2 Credits Reports

EU Denies Double Counting Of CO2 Credits Reports

The European Commission Friday denied reports that some carbon credits had been used twice to cover carbon dioxide emissions under the E.U. emissions trading scheme.

CEZ Proposed Building Carbon Capture And Storage Plant

CEZ Proposed Building Carbon Capture And Storage Plant

CEZ AS , the Czech electricity utility with operations across central and eastern Europe, said Friday it proposed that the Czech state use proceeds from the sale of surplus emissions credits to finance a carbon capture and storage, or CCS, facility.

Experts, Greens Warn EU Against Bulgarian Nuclear Plant - AFP

Experts, Greens Warn EU Against Bulgarian Nuclear Plant - AFP

A Bulgarian nuclear expert and environmental groups urged the European Commission Friday not to approve the construction of the Belene atomic plant in Bulgaria, warning the site was in a seismic zone

Russias Yamal Gas Development to Last Over 50 Years

Russia's Yamal Gas Development to Last Over 50 Years

The development of the oil and gas fields in Russia's Yamal Peninsula and the neighboring Kara Sea will last over 50 years and cost several hundreds billion dollars, a Dutch natural gas trading company said in a presentation.

Breezy Valuations For Wind Assets

Breezy Valuations For Wind Assets

It's not easy to second-guess politicians' moods. But that's what you have to do to value wind-energy assets which are being priced as if there was absolute certainty regarding future environmental policy.