English Edition

S&P: Generous Divs Could Hurt European Oil Co Ratings

Δευ, 23 Μαρτίου 2009 - 19:37

The ratings of integrated European oil companies BP PLC (BP), Royal Dutch Shell PLC (RDSB.LN) and Eni SpA (E) could come under pressure because they plan to continue large dividend payouts despite the big drop in the price of oil, rating agency Standard & Poor's said Monday.

A Ministry for the Environment

Δευ, 23 Μαρτίου 2009 - 16:23

Environment and Public Works Minister Giorgos Souflias yesterday heralded the creation of a separate environment ministry during the first six months of next year, and proposed that public works be overseen by a new ministry.

Barroso Backs Aid for N-plant

Δευ, 23 Μαρτίου 2009 - 16:21

European Commission President Jose Manuel Barroso has backed Bulgaria’s demands for increased compensation for the closure in 2006 of two aging Soviet-era nuclear reactors, the government said yesterday.

E.ON: Starts Production At North Sea Gas Field Rita

Παρ, 20 Μαρτίου 2009 - 16:17

German energy utility E.ON AG (EOAN.XE) said Friday it had started production at its Rita gas field in the North Sea.

EU OKs GDF Suez,GEK To Jointly Control Two Greek Power Plants

Παρ, 20 Μαρτίου 2009 - 16:16

The European Commission Friday cleared France's energy giant GDF Suez (GSZ.FR) to acquire joint control of two Greek power stations with Greece's construction and energy company GEK Terna (GEK.AT).

Iranian Nuclear Plant To Start Ops By Year's End

Παρ, 20 Μαρτίου 2009 - 16:15

Iranian Energy Minister Parviz Fattah said Friday Iran would "finish and operate" its contested Bushehr nuclear plant by year's end in what he insisted was a peaceful nuclear program.

EU Govts Agree To Spend EUR5B To Boost Energy, Internet Grids

Παρ, 20 Μαρτίου 2009 - 15:58

European Union governments agreed on the allocation of EUR5 billion to develop the bloc's energy and broadband networks, ending weeks of squabbling over the list of projects to be financed, a document seen by Dow Jones Newswires showed Friday.

IEA Exec: Iraq's New Oil Plans Go In Right Direction

Παρ, 20 Μαρτίου 2009 - 15:54

Iraq's latest plans to boost oil output are moving in the right direction, the International Energy Agency's director for energy markets and security told Dow Jones Newswires Thursday.

Iranian Oil Min: Oil Reserves At 138 Bln Bbl

Παρ, 20 Μαρτίου 2009 - 15:52

Iran's oil reserves stand at more than 138 billion barrels, state-owned broadcaster Press TV reports on its Web site Friday, citing Oil Minister Gholam Hossein Nozari.

Italy Cannot Make Concessions On Gas Pipeline Security

Παρ, 20 Μαρτίου 2009 - 15:51

Italian Prime Minister Silvio Berlusconi Friday said the country isn't willing to make concessions over natural gas pipelines, indicating he is ready to back its biggest energy company in a dispute with the European Commission.

OIL FUTURES: Nymex Crude Breaks $50/Bbl On Weaker USD

Πεμ, 19 Μαρτίου 2009 - 20:02

Nymex crude oil futures breached key resistance at $50 a barrel Thursday, surging to its highest level since December as the U.S dollar was weakened by news the U.S Federal Reserve will buy back debt

IEA Official: Iraq's New Oil Plans Go In Right Direction

Πεμ, 19 Μαρτίου 2009 - 19:41

Iraq's latest plans to boost oil output are moving in the right direction, the International Energy Agency's director for energy markets and security told Dow Jones Newswires Thursday.

Russian Jan-Feb Coal Output Down 20% On Year

Πεμ, 19 Μαρτίου 2009 - 19:39

Russian coal output decreased 19.3% on the year to 45.7 million metric tons in January-February, the Federal State Statistics Service said in a report Thursday, Prime-Tass news agency reported.

Russia To Give Royalty Tax Breaks On Some Oil Fields

Πεμ, 19 Μαρτίου 2009 - 19:38

The Russian government plans to provide royalty tax breaks for some oil fields, according to an economic stimulus plan drafted by the government, Prime-Tass news agency reported Thursday.

Poland Hopeful Of EU Funds For Nabucco Pipeline

Πεμ, 19 Μαρτίου 2009 - 19:36

Polish Prime Minister Donald Tusk expressed hope Thursday the European Union will earmark funds for use in the Nabucco gas pipeline, a key project for bringing Caspian energy to Europe.

Russian Ministry Sees 2009 Oil Output Down 1.1% On Yr

Πεμ, 19 Μαρτίου 2009 - 19:34

Oil output in Russia could decrease 1.1% on the year to 482 million metric tons in 2009, the Economic Development Ministry said in a forecast for 2009 obtained by Prime-Tass news agency Wednesday.