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KazMunaiGas Plans IPO in Next 1-2 Years

Παρ, 15 Νοεμβρίου 2013 - 19:35

Kazakhstan's state-run oil and gas company KazMunaiGas is planning to hold an initial public offering in the next one to two years, Kazakhstan's National Bank head Kairat Kelimbetov said Friday, according to Interfax news agency.

Brent Maintains Its Premium to US Crude

Παρ, 15 Νοεμβρίου 2013 - 19:35

Brent crude was close to flat on the first day of a new month's contract but diverged further from its U.S. counterpart, highlighting the different pressures on the two grades.

Bulgargaz Seeks No Change in Q1 2014 Gas Prices

Παρ, 15 Νοεμβρίου 2013 - 14:53

Bulgaria's gas monopoly Bulgargaz proposed that the price local consumers will pay for natural gas in the first quarter of 2014 should remain unchanged at the end-2013 level.

Positive 3Q Results for Greek Refiner, Hellenic Petroleum

Πεμ, 14 Νοεμβρίου 2013 - 18:08

HELLENIC PETROLEUM Adjusted EBITDA came at €74m (2Q13: €21m), positively affected by the performance of the new Elefsina refinery, the acceleration of transformation programs as well as the improved operational performance across the business.

RWE Sees Falling 2014 Profits, Reiterates 2013 Outlook

Πεμ, 14 Νοεμβρίου 2013 - 16:57

German utility RWE AG (RWE.XE) Thursday said it expects profits to fall further in 2014, as a capacity glut that is the result of expanding renewable energies continue to depress earnings.

GDF Suez to Buy 20% Stake in 2 Gas Exploration Contracts in Brazil

Πεμ, 14 Νοεμβρίου 2013 - 16:57

French power company GDF Suez (GSZ.FR) Thursday said it agreed to buy the 20% stake held by Brazilian mining giant Vale SA (VALE) in two natural gas exploration contracts in Brazil.

Gazprom Raises Concerns Over Gas Transit to Europe via Ukraine

Πεμ, 14 Νοεμβρίου 2013 - 16:56

Ukraine is taking gas from its underground storages, which could have a "negative effect" on gas transit to Europe, a senior executive from Russian state gas firm OAO Gazprom (GAZP.RS) said Thursday.

Romania's Transgaz 9-Month Net Profit Falls 37.3%

Τετ, 13 Νοεμβρίου 2013 - 18:48

Romanian natural gas transmission company Transgaz (TGN.RO) Wednesday posted a net profit of 159.5 million lei (EUR48 million) for the first nine months, down 37.3% on the year, as an increase in financial costs exceeded revenue growth, news agency Mediafax reported.

Shell, Iraq, Near $11 Billion Deal to Build Petrochemical Complex

Τετ, 13 Νοεμβρίου 2013 - 18:48

Royal Dutch Shell PLC and the Iraqi government are nearing a deal to build an $11-billion petrochemical facility in southern Iraq, according to the government here, the latest large-scale move by the oil major into Iraq's energy sector.

South Korea's STX Secures $449 Million Iraq Field Contract

Τετ, 13 Νοεμβρίου 2013 - 18:47

South Korea's STX Group has won a contract valued at $449 million to build an export pipeline for the Akkas gas field in western Iraq, an Iraqi cabinet statement said late Tuesday.

E.ON Warns on Profit

Τετ, 13 Νοεμβρίου 2013 - 18:47

E.ON SE warned Wednesday its full-year profit would be at the low end of the range previously forecast, as Germany's shift to renewable energies continues to take a toll on earnings.

E.ON to Sell 80% Stake in Danish Offshore Wind Farm

Τετ, 13 Νοεμβρίου 2013 - 18:46

E.ON SE (EOAN.XE) said Wednesday it has agreed to sell a majority stake in an offshore wind farm in Denmark as the German utility seeks to conserve cash and free up funds for reinvestment in new "green" energy projects.

Japan Nuclear Watchdog To Start Review of Tepco Reactor Restart

Τετ, 13 Νοεμβρίου 2013 - 18:46

Japan's nuclear watchdog said Wednesday it will go ahead with a review of safety compliance measures for Tokyo Electric Power Co.'s Kashiwazaki-Kariwa nuclear power plant, even as the utility battles problems at the cleanup of the Fukushima Daiichi facility.