English Edition

Latvia, Gazprom Agree on Lower Price for Natural Gas

Τρι, 21 Δεκεμβρίου 2010 - 13:49

The Latvian gas company Latvijas Gaze signed an contract with Russia’s Gasprom for natural gas supplies in 2011, according to which the purchasing price of gas for this Baltic country will be 15 percent lower than this year.

E.ON Sells Italy Gas Grid Unit To F2i,Axa Private Equity

Δευ, 20 Δεκεμβρίου 2010 - 18:46

E.ON AG (EOAN.XE) said Monday it has agreed to sell its Italian natural gas distribution network company E.ON Rete to a consortium of Italian and French financial investors.

EU Ministers Back Deal To Cut Van CO2 Emissions

Δευ, 20 Δεκεμβρίου 2010 - 18:45

European Union environment ministers Monday backed a preliminary agreement with other EU institutions on new rules that will cut greenhouse gas emissions by small trucks starting in 2017.

French Regulator Says Shell Unit Falsified Documents

Δευ, 20 Δεκεμβρίου 2010 - 18:45

The French competition authority Monday accused Shell and its subsidiary Butagaz of having produced false documents in connection with an inquiry into alleged price-fixing by gas distributors.

GDF Suez Aims For No 2 Gas, No 3 Power Spot In Italy By 2014

Δευ, 20 Δεκεμβρίου 2010 - 18:45

French power group GDF Suez SA (GSZ.FR) aims to become Italy's second-biggest natural gas company and its No. 3 electricity one by 2014 with investments topping EUR1 billion, said a top official Monday.

North Korea Agrees To Restart UN Nuclear Inspections

Δευ, 20 Δεκεμβρίου 2010 - 18:44

North Korea has agreed to permit the return of UN nuclear inspectors as part of a package of measures to ease acute tensions on the peninsula, U.S. troubleshooter Bill Richardson said Monday.

National Grid Reassures As UK Gas Demand Soars

Δευ, 20 Δεκεμβρίου 2010 - 18:44

U.K. natural gas network operator National Grid PLC (NGG) sought to reassure consumers Monday that there would be sufficient supplies to a meet a new all-time high in demand, despite the utility issuing a gas balancing alert Sunday.

Total to Pay $1.74 Billion for Stakes in Suncor Projects in Canada

Παρ, 17 Δεκεμβρίου 2010 - 15:07

Total SA, Europe’s third-biggest oil producer, bought stakes in oil sands developments in Alberta from Suncor Energy Inc. for C$1.75 billion ($1.74 billion).

European Parliament Calls for Binding EU Energy-Saving Goal

Παρ, 17 Δεκεμβρίου 2010 - 15:06

The European Parliament voted yesterday (15 December) for a binding energy saving target of "at least 20%" by 2020 when it approved a resolution aiming to influence the EU's forthcoming new Energy Efficiency Action Plan.

Greece: Hellenic Petroleum Sells Rights for Hydrocarbons in Egypt

Παρ, 17 Δεκεμβρίου 2010 - 15:05

Greece's biggest refiner Hellenic Petroleum has sold rights to drill for hydrocarbons in Egypt as it focuses on its core downstream activities to cope with recession at home, it said on Thursday.

Mexico Hedges 2011 Oil Income At $63/Barrel Avg

Πεμ, 16 Δεκεμβρίου 2010 - 19:24

Mexico's government has purchased put options to hedge most of its 2011 oil revenue at an average price of $63 per barrel, the Finance Ministry said Wednesday.

Portugal Domestic Power Prices To Rise Average 3.8% In 2011

Πεμ, 16 Δεκεμβρίου 2010 - 19:24

Portugal's electricity tariffs will rise on average 3.8% in 2011 for domestic consumers and between 4% and 10% for industrial users, Portugal's energy watchdog ERSE has said in a report.

Chevron To Invest $4B In Gulf Of Mexico Big Foot Project

Πεμ, 16 Δεκεμβρίου 2010 - 19:23

Chevron Corp. (CVX) said Thursday it will invest $4 billion to develop the Big Foot oil field in the deepwater Gulf of Mexico.