Gas pipeline Παρ, 29 Ιανουαρίου 2010 - 16:49 The Nabucco gas pipeline will not be built if an open season bidding process for capacity this year shows demand is too low, an executive of Austria’s OMV said yesterday, adding that demand looked strong.
EU watchdog looks into PPC subsidy allegations Παρ, 29 Ιανουαρίου 2010 - 16:48 Europe’s competition watchdog is investigating whether Greece’s state-owned power utility illegally subsidized smelter Aluminium of Greece by selling it electricity at below-market prices. The European Commission said yesterday that Public Power Corporation (PPC) might have undercharged by 17.4 million euros ($24.5 million)
Kogas: To Invest About $1.05B In Badra Oil Field Over 20 Years Πεμ, 28 Ιανουαρίου 2010 - 17:53 State-run Korea Gas Corp. (036460.SE), or Kogas, said Thursday it plans to invest close to $1.05 billion in the development of the Badra oil field in Iraq over 20 years starting this year.
Gazprom, Poland In Gas Pipeline Deal Over Transit Fees Πεμ, 28 Ιανουαρίου 2010 - 17:49 Russia's OAO Gazprom (GAZP.RS) won't have to pay overdue transit fees it owes to a Poland-based pipeline operator in an arrangement that is part of a new Polish-Russian gas deal, daily Rzeczpospolita reports Thursday, citing unofficial sources.
Russia's TNK-BP Prices $1B Two-Tranche Bond Offer Πεμ, 28 Ιανουαρίου 2010 - 17:49 Russian oil producer TNK-BP Holding (TNBP.RS), part-owned by U.K. oil major BP PLC (BP), raised $1 billion through a two-part bond offering Wednesday, according to a person close to the transaction.
Russia Min:Rosneft, Gazprom Need Foreigners To Develop Arctic Πεμ, 28 Ιανουαρίου 2010 - 17:48 Russia's Natural Resources Minister Yuri Trutnev proposes easing laws restricting foreign participation in offshore energy projects and says state energy firms OAO Gazprom (GAZP.RS) and OAO Rosneft (ROSN.RS) need foreign capital, the Vedomosti daily reports Thursday.
Alstom CEO: Working With EDF Can Help Win Nuclear Contracts Πεμ, 28 Ιανουαρίου 2010 - 17:48 French industrial group Alstom SA's (ALO.FR) Chief Executive Patrick Kron Thursday said working with Electricite de France SA (EDF.FR) can give an important advantage in winning contracts abroad for France's nuclear industry.
GDF Suez Cirelli: No Date Yet To Finalize Areva Partnership Πεμ, 28 Ιανουαρίου 2010 - 17:47 French utility GDF Suez SA's (GSZ.FR) deputy Chief Executive Jean-Francois Cirelli Thursday said no date yet has been set to finalize a planned strategic partnership with French state-controlled nuclear group Areva SA (CEI.FR.)
Gazprom-led Group Finalizes Iraq Badra Oil Field Deal Πεμ, 28 Ιανουαρίου 2010 - 16:24 A consortium led by Russia's OAO Gazprom (GAZP.RS) Thursday finalized a deal in Baghdad to develop the Badra oil field in eastern Iraq, Iraqi officials said.
Areva, GDF Suez Confirm In Talks Over Strategic Partnership Τετ, 27 Ιανουαρίου 2010 - 17:56 French utility GDF Suez (GSZ.FR) and French state-controlled nuclear group Areva (CEI.FR) have been discussing for months over a strategic partnership, the two companies said Tuesday.
Uganda: To Decide On Tullow Oil Preemption Next Week Τετ, 27 Ιανουαρίου 2010 - 17:56 The Ugandan government will reach a decision next week on whether to back Italy-based Eni SpA's (E) proposed $1.5 billion takeover of the interests of the London-listed Heritage Oil PLC (HOIL.LN) in two exploration blocks, or allow pre-emption of the sale by the U.K.-based Tullow Oil PLC (TLW.LN), state house said late Tuesday.
Russia's TNK-BP To Issue Up To $1B In Bonds Τετ, 27 Ιανουαρίου 2010 - 17:55 Russian oil producer TNK-BP Holding (TNBP.RS), part-owned by U.K. oil major BP PLC (BP), could raise as much as $1 billion from its upcoming eurobond offering, people familiar with the situation said Wednesday.
Venezuela Oil Chief Heads To Russia, China To Discuss Pacts Τετ, 27 Ιανουαρίου 2010 - 17:54 Venezuela Oil Minister Rafael Ramirez was leaving Wednesday for Russia and then to China to discuss plans for developing heavy crude blocks in the eastern Orinoco region, the Venezuelan government said in a statement.
CNPC-Total-Petronas Group Finalizes Iraq Halfaya Field Deal Τετ, 27 Ιανουαρίου 2010 - 17:53 The Iraqi oil ministry Wednesday finalized in Baghdad a deal with a consortium made up of China National Petroleum Corp., Total SA (TOT) and Malaysia's Petroliam Nasional Bhd, better known as Petronas, to develop Iraq's Halfaya oil field, Iraqi oil officials said.
OMV Exec:Nabucco Project Will Be Decided By Demand In Open Season Τετ, 27 Ιανουαρίου 2010 - 17:52 The decision on whether the European Union-backed Nabucco Pipeline goes ahead will be made by the market this summer, when transport contracts are put up for sale, a top-executive of the pipeline project's Austrian partner, OMV AG (OMV.VI), said Wednesday.
Bulgaria may receive more nuclear decommissioning aid Τετ, 27 Ιανουαρίου 2010 - 13:51 The European Parliament has launched a procedure for the allotment of EUR 300 M in additional compensations over four years to Bulgaria for the closure of Soviet-designed reactors 1 to 4 at Bulgaria's Kozloduy nuclear power plant.