English Edition

BP Plans To Take Part In Brazil's Next Concession Round

Τετ, 11 Μαΐου 2011 - 18:59

BP PLC (BP, BP.LN) plans to participate in the next auction of oil and natural-gas concessions in Brazil, BP Brasil President Guillermo Quintero said Wednesday.

E.ON Profits Fall On Power, Gas Margins; Outlook Cut

Τετ, 11 Μαΐου 2011 - 18:58

E.ON AG (EOAN.XE) Wednesday reported a 23% drop in first-quarter operating earnings, saying poor margins in its power generation and gas wholesale business took their toll on profitability.

Kazakhstan's KazMunaiGas Pulls Out Of Iraq Field Deal

Τετ, 11 Μαΐου 2011 - 18:58

Kazakhstan's state fuel producer, KazMunaiGas EP JSC (RDGZ.KZ) has withdrawn from a deal to develop one of Iraq's largest gas fields near the border with Syria, a senior Iraqi oil official said Wednesday.

OPEC: Oil To Stabilize As Supply, Demand In Balance

Τετ, 11 Μαΐου 2011 - 18:58

A good balance between oil supply and demand backed up by adequate inventories and spare production capacity show that last week's big drop in oil prices was "inevitable" and "in line with short-term market fundamentals," the Organization of Petroleum Exporting Countries said Wednesday in its monthly report.

Kosmos Energy IPO Raises More than Expected

Τετ, 11 Μαΐου 2011 - 15:24

Oil company Kosmos Energy Ltd, which is known for its discovery of a major oil field in West Africa, raised more than expected in its initial public offering on Tuesday, selling more shares than planned at the top of the proposed price range, an underwriter said.

Energy Firms Face New Efficiency Regime

Τετ, 11 Μαΐου 2011 - 15:22

Energy companies will need to make savings among final customers of 1.5% a year under a new regime of audits, inventories and savings obligations outlined in a draft directive seen by EurActiv.

Offshore Wind Farm Builder May Tap Bond Market For Financing

Τρι, 10 Μαΐου 2011 - 17:24

Bankers have started mapping out financing for Cape Wind, the first offshore wind farm in North America, and part of it could come in the form of a bond.

Turkey's Sale Of Baskent Dolalgas To MMEKA Cancelled

Τρι, 10 Μαΐου 2011 - 17:24

The sale of Turkish natural gas distributor Baskent Dogalgaz to MMEKA Makina Ithalat Pazarlama ve Ticaret AS has been cancelled after the joint venture failed to pay the $1.2 billion it bid for a 80% stake in August, Turkey's privatization agency said Tuesday.

RWE CEO: Legal Action Against German Nuclear Tax Likely

Τρι, 10 Μαΐου 2011 - 17:23

RWE AG's (RWE.XE) Chief Executive Juergen Grossmann Monday gave his strongest indication yet that the utility will go to court to fight against the tax on nuclear fuel that the German government introduced at the beginning of the year.

Gazprom CEO: April, May Europe Gas Exports Up From 2010

Τρι, 10 Μαΐου 2011 - 17:23

Russian gas firm OAO Gazprom (GAZP.RS) exported 21% more gas to Europe in April compared with the same month last year, the company's Chief Executive Alexei Miller said Tuesday.

Bids Come In For Swiss Meter Maker Landis&Gyr

Τρι, 10 Μαΐου 2011 - 17:22

Swiss electric meter maker Landis&Gyr AG received several bids in the second round of a sale process by Monday's deadline, people familiar with the situation told Dow Jones Newswires Tuesday.

Saudi To Supply Full Term Volumes To Asia For June As Expected

Δευ, 9 Μαΐου 2011 - 17:26

Saudi Arabian Oil Co. will maintain full contracted crude-oil volumes to Asian refiners in June, with some refiners continuing to get higher-than-contracted supplies of lighter grades offset by fewer heavy barrels, executives with the refiners said Monday.

China's Xinjiang Region To Build 10 Coal-Fired Power Plants

Δευ, 9 Μαΐου 2011 - 17:25

China's northwestern Xinjiang Uyghur Autonomous Region plans to build 10 coal-fired power plants with a combined installed power generation capacity of 6.6 gigawatts, putting its coal resources to work to meet power demand in central and eastern China, the state-run China News Service reported Sunday.