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Greeces PPC First-Half Profit Slumps On Costs, Weak Demand

Greece's PPC First-Half Profit Slumps On Costs, Weak Demand

Greek state-controlled utility Public Power Corp. SA (PPC.AT) Thursday reported a 63% drop in first-half net profit amid higher costs and weak demand. However, the company broadly met market expectations with first-half net profit of EUR128.8 million, and said there were signs that some recent market share losses were flattening out.

FirstEnergy: 280,000 Still Without Power In NJ, Pa., Md.

FirstEnergy: 280,000 Still Without Power In NJ, Pa., Md.

FirstEnergy Corp. (FE) said 280,000 customers in New Jersey, Pennsylvania and Maryland remain without power as a result of Hurricane Irene, which barreled up the East Coast over the weekend.

Libyas Oil Exports To Support Oil Tanker Rates In 2012

Libya's Oil Exports To Support Oil Tanker Rates In 2012

A restart of Libyan oil exports will lead to a renewed fixing of tankers, which should boost Mediterranean freight rates in 2012, Peter Sand, chief shipping analyst at The Baltic and International Maritime Council told Dow Jones Newswires Tuesday.

Gadhafi Still Able To Control And Command Troops - NATO

Gadhafi Still Able To Control And Command Troops - NATO

Moammar Gadhafi is still able to command and control his remaining troops even though the Libyan leader is on the run, a NATO spokesman said Tuesday, adding that his whereabouts are unknown.

Eni Signs Libya Agreement, Paving Way To Restart Of Operations

Eni Signs Libya Agreement, Paving Way To Restart Of Operations

Italy's energy giant Eni SpA (E) said Monday it signed a memorandum with the Libyan National Transitional Council, or NTC, that strengthens co-operation in the country and paves the way to the restart of Eni's oil and gas operations there.

Iraq Contract May Force Oil Majors To Cede Gas To Shell

Iraq Contract May Force Oil Majors To Cede Gas To Shell

Oil companies including BP PLC (BP), Exxon Mobil Corp. (XOM), Eni SpA (E) and China National Petroleum Corp. could have to surrender most of the gas they extract from Iraq's southern fields to a project led by Royal Dutch Shell PLC (RDSA), Reuters reported Monday, citing a "final draft contract" between the Iraqi government and the U.K. giant.

Saudi Says It Remains Target For Terrorism

Saudi Says It Remains Target For Terrorism

Saudi Interior Minister Prince Nayef bin Abdulaziz said in comments published on Monday that terrorism remains a threat for the Sunni Gulf kingdom and accused Shiite Iran of targeting it.

Etrion Completes 10 MW Solar Project in Italy

Etrion Completes 10 MW Solar Project in Italy

Etrion Corporation, an independent solar power producer, announces the completion of the Helios ITA-3 solar project in Puglia, Italy. The Helios ITA-3 solar project has a total capacity of 10 megawatts ("MW") and is expected to produce 16.8 million kilowatt hours ("kWh") of clean electricity and 5.0 million euros of earnings before interest, taxes, depreciation and amortization ("EBITDA") per year.

Iran Ready For Increased Cooperation With IAEA - Nuclear Chief

Iran Ready For Increased Cooperation With IAEA - Nuclear Chief

Iran is ready for increased cooperation with the United Nations nuclear watchdog and could respond to a limited number of International Atomic Energy Agency "allegations," the country's nuclear chief told IRNA news agency Monday.

PM: Greece has Huge Potential in Energy Sector

PM: Greece has Huge Potential in Energy Sector

"Greece has a huge potential, which however, has been left unexploited, especially in the energy sector," Prime Minister George Papandreou said on Friday during a visit to the Renewable Energy Sources Centre at the Athens suburb of Pikermi.

Greece Plans to Develop Some 20,000 Hectares of Solar Power Parks

Greece Plans to Develop Some 20,000 Hectares of Solar Power Parks

Greece plans to develop some 20,000 hectares of solar power parks in a bid to export renewable energy to Germany reports the AFP.Wracked by debt but blessed with abundant sunshine, Greece plans to develop some 20,000 hectares of solar power parks in a bid to export renewable energy to Germany, a report said on Saturday.

Transneft To Raise Tariffs 2.8% On Sep 1, 5% On Nov 1

Transneft To Raise Tariffs 2.8% On Sep 1, 5% On Nov 1

Russian state pipeline operator OAO Transneft (TRNFP.RS) plans to raise tariffs 2.8% on Sept. 1 and another 5% on Nov. 1, the country's Federal Tariff Service said Friday.

Italy Denies Battle With France Over Libyan Riches

Italy Denies Battle With France Over Libyan Riches

Italy and France aren't engaged in a colonial-style battle to seize Libya's riches, Italian Foreign Minister Franco Frattini said in an interview with Rai radio.