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Former TNK-BP Employee Convicted For Spying On Gazprom

Πεμ, 7 Μαΐου 2009 - 19:08

A former employee of U.K. oil major BP PLC's (BP) Russian joint venture has been convicted for attempting to steal "commercial secrets" from gas giant OAO Gazprom (GAZP.RS), Russian authorities said Thursday.

Edison Sees About EUR1B Turkey, Greece,Balkans Invest

Πεμ, 7 Μαΐου 2009 - 18:57

Edison SpA (EDN.MI), a leading Italian energy company, plans about EUR1 billion of investment in Turkey, Greece and the Balkans through 2014 as part of its plan to expand in the southeastern Mediterranean area.

French Govt Asks EDF To Support French EPR Bid In UAE

Τετ, 6 Μαΐου 2009 - 17:44

The French government has asked Electricite de France SA (EDF.FR) to support a consortium led by Areva SA (CEI.FR) in its bid to build a nuclear reactor in the United Arab Emirate of Abu Dhabi, Les Echos reports Wednesday, citing an unidentified source.

Iberdrola Unit Wins EUR330M Contract To Build Lithuania Plant

Τετ, 6 Μαΐου 2009 - 17:42

Iberdrola Ingenieria, a unit of Spanish electricity company Iberdrola SA (IBE.MC), said Wednesday it has been awarded a contract worth about EUR330 million to build a 440-megawatt combined cycle plant in Lithuania.

E.ON CEO: Reaching Around EUR100B In 2009 Sales Is Probable

Τετ, 6 Μαΐου 2009 - 17:40

German utility E.ON AG (EOAN.XE) may reach around EUR100 billion in sales in 2009, Chief Executive Wulf Bernotat told shareholders at the company's annual general meeting in Essen Wednesday.

Algeria Oil Min Sees No OPEC Cut If Price,Econ Keep Momentum

Τετ, 6 Μαΐου 2009 - 17:39

Algerian Energy Minister Chakib Khelil said Wednesday the Organization of Petroleum Exporting Countries is unlikely to cut its output when it meets May 28 if oil prices maintain their rise and the economy its signs of recovery.

EU Parliament Backs EUR5B Plan To Boost Energy, Internet Grids

Τετ, 6 Μαΐου 2009 - 17:37

The European Parliament backed Wednesday a plan to allocate EUR5 billion to develop the European Union's energy and broadband networks over this year and 2010.

E.ON Restructures Pwr Network Ops, Spins Of Transmission Grid

Τετ, 6 Μαΐου 2009 - 17:36

Utility E.ON AG (EOAN.XE) said Wednesday it has reorganized its electricity grid operations, spinning-off its ultra-high voltage power transmission grid into an independent unit ready for sale.

Germany's Merkel Links Mideast, Iranian Nuclear Issue

Τετ, 6 Μαΐου 2009 - 17:34

German Chancellor Angela Merkel said Wednesday that progress in the Middle East peace process would boost the chances of the West ending its standoff with Iran over its disputed nuclear program.

Total CFO: Co Continues To Review Acquisition Opportunities

Τετ, 6 Μαΐου 2009 - 17:33

Oil major Total SA (TOT) continues to review acquisition opportunities but won't consider buying units if sellers persist in assuming a high oil price scenario, Chief Financial Officer Patrick de la Chevardiere said Thursday.

Endesa Signs EUR2B Loan; Extends EUR1.28B Credit Line To 2012

Τρι, 5 Μαΐου 2009 - 19:22

Spanish electricity company Endesa SA (ELE.MC) said Monday that it has signed a EUR2 billion, two-year loan and extended the maturity of a EUR1.28 billion loan to 2012 from 2010.

Eni Gets Operatorship In Barents Sea New Exploration Licenses

Τρι, 5 Μαΐου 2009 - 19:20

Eni SpA (E), Italy's biggest energy company by market value, said Tuesday it got the operatorship and participating interests in two exploration licenses offshore Norway, as it strengthens its presence in the hydrocarbon-rich Scandinavian country.

Romanian Romgaz 1Q Net Pft RON208.6M, Dn 31% On Yr

Τρι, 5 Μαΐου 2009 - 19:19

Romania's largest gas producer Romgaz Medias reported in a 31% fall in first-quarter net profit to 208.6 million lei ($66 million), news agency Mediafax reports the company as saying Tuesday.

Iran To Finalize Turkmenistan Gas Field Contract

Τρι, 5 Μαΐου 2009 - 19:18

Iran is set to finalize a contract with Ashghabat to develop Turkmenistan's Yolotan natural gas field, the Iran Daily newspaper reports Tuesday.

Abu Dhabi To Start Oil Pipe Bypassing Horumuz In 2011

Τρι, 5 Μαΐου 2009 - 19:15

Abu Dhabi's International Petroleum Investment Co., or IPIC, will start pumping oil through a new pipeline that will avoid the narrow Strait of Hormuz in 2011, a senior company official said Wednesday.

OPEC's 11 Members 83% Compliant,Still 705,000 B/D To Cut

Τρι, 5 Μαΐου 2009 - 19:14

OPEC's 11 quota-bound members were complying with 83% of agreed cuts in April and still have 705,000 barrels left to cut, Vienna-based consultancy JBC Energy said Tuesday.