English Edition

Lukoil 2Q Net Profit Slides 44% On Lower Prices

Παρ, 28 Αυγούστου 2009 - 17:52

Russia's second-biggest oil producer OAO Lukoil Holdings (LKOH.RS) Friday said second-quarter net profit dropped 44% on the year as oil prices fell, but beat expectations due to higher downstream sales and output at the Yuzhnoye Khylchuyu field.

6 Powers To Meet Wednesday On Iran's Nuclear Program

Παρ, 28 Αυγούστου 2009 - 17:47

The five permanent members of the U.N. Security Council plus Germany will meet Wednesday for further discussions on Iran's nuclear program, a Russian deputy foreign minister said Friday.

Energy cooperation

Παρ, 28 Αυγούστου 2009 - 15:49

Bulgaria and Turkmenistan said yesterday they are to step up their cooperation in the energy sector to bolster supply security in the Balkan country and beyond to the European Union. In a joint declaration signed by Bulgarian President Georgy Parvanov and his Turkmen counterpart Gurbanguly Berdymukhamedov, the two noted “Turkmenistan’s key role for the energy security of Bulgaria and the European Union.”

PPC turns in a profit for 1st half

Παρ, 28 Αυγούστου 2009 - 15:43

Public Power Corporation reported yesterday a first-half net profit of 412.1 million euros versus a 111.8-million-euro loss last year, on lower power generation costs. Analysts were expecting a figure of 386.4 million euros, according to Reuters. Falling energy prices and boosted hydropower generation due to strong rainfall resulted in a sharp drop in energy costs.

TERNA ENERGY: Results for the first half of 2009

Παρ, 28 Αυγούστου 2009 - 15:41

According to the financial statements of 30/06/2009, which were prepared according to the International Financial Reporting Standards, the results for the first half of 2009 of TERNA ENERGY are as follows: Consolidated sales amounted to 28.8 mn euro compared to 35.9 mn euro during the first half of 2008, thus posting a decrease of 19.6% that is due to a decline in the company’s construction activity towards third parties.

Hellenic Petroleum Reports Positive First Half 2009 Results

Πεμ, 27 Αυγούστου 2009 - 19:32

Hellenic Petroleum announced today the results for the first half of 2009, which provide insight into the way that the corporation is handling the global economic crisis. H.P. delivered strong operating profits in 1H09, however the challenging market environment and global refining fundamentals adversely affected 2Q09 results.

Belarus, Russian Leaders Hold Talks; No Compromises Reached

Πεμ, 27 Αυγούστου 2009 - 19:08

Belarus President Alexander Lukashenko and his Russian counterpart Dmitry Medvedev held talks Thursday that brought no compromise on a number of prickly issues in their fast deteriorating ties.

Russia Invites OPEC To Moscow In Autumn

Πεμ, 27 Αυγούστου 2009 - 19:07

Russia has invited representatives of the Organization of Petroleum Exporting Countries to Moscow in the autumn, the Interfax news agency reported Thursday, citing Energy Minister Sergei Shmatko.

Bulgaria, Turkmenistan To Boost Energy Ties, Aid EU Supplies

Πεμ, 27 Αυγούστου 2009 - 19:05

Bulgaria and Turkmenistan said Thursday they are to step up their cooperation in the energy sector so as to bolster supply security in the Balkan country and beyond to the European Union.

Gazprom, Novatek Discuss Yamal LNG Project

Πεμ, 27 Αυγούστου 2009 - 19:01

Russia's two biggest natural gas producers, OAO Gazprom (GAZP.RS) and OAO Novatek (NVTK.RS), have held a working meeting to discuss production of liquified natural gas, or LNG, on the Yamal peninsula, and will start talks with potential partners, Novatek said Thursday.

Gazprom: Ukraine Storing Enough Gas To Ensure Winter Supply

Πεμ, 27 Αυγούστου 2009 - 18:58

Ukrainian state gas firm Naftogaz is pumping enough natural gas into storage facilities to ensure reliable supplies and transit of Russian gas to European consumers during the coming winter, Russian state gas firm OAO Gazprom (GAZP.RS) said Thursday.

GDF Suez CEO: No Deadline For Talks To Take Nord Stream Stake

Πεμ, 27 Αυγούστου 2009 - 18:53

French utility GDF Suez SA (GSZ.FR) is still in talks with a view to taking a 9% stake in the Nord Stream pipeline natural gas pipeline that runs below the Baltic Sea, but there is no deadline for the discussions to join the OAO Gazprom (GAZP.RS)-led project, Chief Executive Gerard Mestrallet said Thursday.

Iran OPEC Head: Current OPEC Output Seen Exceeding 1Q Demand

Τετ, 26 Αυγούστου 2009 - 16:37

Iran's Organization of Petroleum Exporting Countries governor said Wednesday the group's oil ministers will discuss an expected crude supply surplus in the first quarter of 2010 at their upcoming meeting in Vienna on Sept. 9.

Nippon Oil: Discussing With Iraqi Govt On Oil Field Development

Τετ, 26 Αυγούστου 2009 - 16:32

Nippon Oil Corp. (5001.TO) and Inpex Corp. (1605.TO) said Wednesday they haven't yet reached an accord on the development of Iraq's Nasiriyah oil field.

Turkish Energy Ministry Lifts Tenders Ban On POAS

Τετ, 26 Αυγούστου 2009 - 16:28

Turkey's fuel distributor Petrol Ofisi AS (PTOFS.IS), or POAS, said Wednesday that the Energy Ministry has lifted a ban on the company from participating in public tenders for a year, in line with a court decision, the Ihlas News Agency, or IHA, reports.

GDF Suez Close To Deal With Gazprom On Nord Stream

Τετ, 26 Αυγούστου 2009 - 16:25

French utility GDF Suez (GSZ.FR) and Russian gas giant OAO Gazprom (GAZP.RS) could soon reach a deal in which the French group would take a 9% stake in the Nord Stream natural gas pipeline which runs below the Baltic Sea, French business daily La Tribune reports Wednesday, citing sources close to GDF Suez.