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Bulgaria: Econ Min Moves to Ensure Fuel Supply Over Russia's Fuel Exports Ban

Δευ, 2 Μαΐου 2011 - 17:06

Bulgaria's economy minister Traicho Traikov has sent a letter to Lukoil Bulgaria, the local arm of Russia's gas giant Lukoil, to examine whether the company has sufficient fuel reserves to meet the country's demand, the Economy Ministry said in a statement on Sunday.

Tamar Gas Field Partners Close To Securing $750 Mln Loans

Δευ, 2 Μαΐου 2011 - 17:05

Isramco Negev 2 LP (ISRA.L.TV), one of the partners in the Tamar natural gas field offshore Israel, said Monday the partners in the project are close to obtaining loans for $750 million to help with production of gas from the field.

Bin Laden Death Reinforces Calls Of Quicker US Pullout From Afghanistan

Δευ, 2 Μαΐου 2011 - 17:05

The death of Osama bin Laden is reinforcing calls for a quicker pullout of U.S. troops from Afghanistan and strengthening pressure to end America's longest war by finding a political settlement with the resilient Taliban insurgency.

GDF Suez To Supply 2.5M Tons Of LNG To Petronas Over 3.5 Yrs

Δευ, 2 Μαΐου 2011 - 17:04

French utility giant GDf Suez SA (GSZ.FR) Monday said it signed a contract to supply 2.5 million liquefied natural gas, or LNG, to Malaysia state-owned oil and gas firm Petrolian Nasional Bhd, also known as Petronas, over a period of 3 years and six months.

GDF Suez: 1Q Revenue Up 6.9% On Year To EUR25.5 Bln

Δευ, 2 Μαΐου 2011 - 17:04

French giant utility GDF Suez SA (GSZ.FR) Monday said its first-quarter total revenue rose 6.9% on year to EUR25.5 billion.

Siemens Profit To Jump On Areva Stake Gain, Strong Order Book

Δευ, 2 Μαΐου 2011 - 17:03

German industrial conglomerate Siemens AG (SI) Wednesday is set to report a significant increase in net profit on a one-time gain from the sale of a minority stake in nuclear-power venture Areva NP, while its sales pipeline is set to benefit from the continuing rebound across its business lines.

Edison International 1Q Net Down 14% On Loss In Mission Group

Δευ, 2 Μαΐου 2011 - 17:03

Edison International's (EIX) first-quarter profit fell 14% on lower-than-expected revenue as decreased earnings at the company's competitive power generation business offset higher results from its Southern California Edison utility.

Croatia Cannot Wait Much Longer for a Decision on Adriatic LNG Terminal- Energy Official

Παρ, 29 Απριλίου 2011 - 17:20

Croatia cannot wait much longer for a decision on the northern Adriatic liquefied natural gas (LNG) terminal and is ready to move on its own, its top energy official said on Thursday.

FYROM: Hydro Power Plant Sv.Petka Expected to Be Put Into Use by the End of 2011

Παρ, 29 Απριλίου 2011 - 17:20

FYR Macedonian Power Plants (ELEM) director Vlatko Cingovski expects hydro power plant "Sv.Petka" to be put into use by the year-end.

Rosneft Leaps to Profits Record

Παρ, 29 Απριλίου 2011 - 17:19

Soaring oil prices and cost-cutting efforts lifted Russian state-owned oil company Rosneft to record profits in the first quarter.

China May Face 30-GW Power Shortage This Summer

Παρ, 29 Απριλίου 2011 - 17:17

China will likely face an electricity shortfall of about 30 gigawatts this summer--and the supply gap could expand further if temperatures soar and thermal coal supplies become tight, the China Electricity Council said.

EDF Energies Nouvelles 1Q Revenue Falls 5.3% To EUR235M

Παρ, 29 Απριλίου 2011 - 17:16

EDF Energies Nouvelles (EEN.FR) announced consolidated revenues of EUR235 million for the first quarter of 2011, down 5.3% compared with the first quarter of 2010.

Total CFO: SunPower Is Ideal Partner

Παρ, 29 Απριλίου 2011 - 17:16

U.S.-based solar panel maker SunPower (SPWRA) is the ideal partner for French oil major Total SA (TOT), which was looking for a partner to expand into the solar energy business, the French company's Chief Financial Officer Patrick de la Chevardiere said Friday.