English Edition

Bulgargaz Requested Natural Gas Prices up by 21% from January 1, 2009

Παρ, 12 Δεκεμβρίου 2008 - 19:23

Bulgaria's gas monopoly Bulgargaz wants a 21,31% increase in the natural gas prices in Bulgaria starting January 1, 2009. The company, which is already part of the Bulgarian Energy Holding, submitted Wednesday its suggestion for the new gas prices to the State Commission for Energy and Water Regulation (DKEVR).

Lukoil profits

Παρ, 12 Δεκεμβρίου 2008 - 15:37

OAO Lukoil said third-quarter profit advanced 40 percent as Russia’s largest non-state oil producer benefited from hedging after crude prices fell from a July record. Net income rose to $3.47 billion, or $4.09 a share, from $2.48 billion, or $3 a share, in the same period last year, the Moscow-based company said yesterday in a statement.

EDP, Petrobras Reach Agreement On Energy Generation

Παρ, 12 Δεκεμβρίου 2008 - 13:20

EDP Energias de Portugal SA (EDP.LB) and Brazil's state-run oil firm Petroleo Brasileiros SA (PBR) have reached an agreement on energy generation, business daily Diario Economico reports Friday, citing Miguel Setas, director of EDP's Brazil unit Energias do Brasil.

IMF Says Ukraine Has Made Progress On Loan

Παρ, 12 Δεκεμβρίου 2008 - 13:19

The head of the International Monetary Fund's mission to Ukraine said the government was on track to earn the next part of its $16.4 billion bailout loan. But she warned it still faces tough decisions in next year's budget and admonished the country's warring politicians not to scapegoat its central bank.

Turkey Competition Bd OKs Akenerji's Stake Sale To CEZ

Παρ, 12 Δεκεμβρίου 2008 - 13:15

Turkey's Competition Board approved the sale of a 37.4% stake in Turkish energy firm Akenerji Elektrik Uretim AS (AKENR.IS) to Czech company CEZ AS (BAACEZ.PR), the board said Friday in a statement on its Web site, the Ihlas News Agency reported.

OVL Submits Feasibility Report For Oil Discovery In Iran

Παρ, 12 Δεκεμβρίου 2008 - 13:13

OVL, the overseas arm of India's Oil & Natural Gas Corp. (500312.BY), has submitted a feasibility report for oil it discovered two years ago in Iran, the Press Trust of India reported Friday, citing India's Minister of State for Petroleum and Natural Gas Dinsha Patel.

Gazprom, Shell JV Begins Year-Round Oil Export From Sakhalin

Παρ, 12 Δεκεμβρίου 2008 - 13:07

Sakhalin Energy, a joint venture controlled by Russia's OAO Gazprom (GAZP.RS) has begun year-round oil export from its new oil export terminal and will start producing liquified natural gas, or LNG, in the next few weeks, the joint venture said Friday.

Total French Refineries Employees Strike On Pay-Union

Παρ, 12 Δεκεμβρίου 2008 - 13:05

The CGT union of French oil major Total SA (TOT) said Friday the company's employees at domestic refineries as well as at some lubricant plants and air-refueling operations are on an open-ended strike over a wage dispute.

Berlusconi: EU Heading For Compromise On Climate Change

Παρ, 12 Δεκεμβρίου 2008 - 13:01

European leaders were heading towards a compromise deal on an ambitious climate change package, Italian Prime Minister Silvio Berlusconi, who had threatened to veto the deal, said Thursday.

Turkmen Vote Seeks New Openness, West Unconvinced

Πεμ, 11 Δεκεμβρίου 2008 - 18:59

Turkmenistan on Sunday holds parliamentary polls touted by officials as proof the energy-rich state is shedding its dictatorial past, but Western observers have yet to be convinced.

EU Pursues Deal On New Targets For Greenhouse Gas Emissions

Πεμ, 11 Δεκεμβρίου 2008 - 18:58

European leaders finally reach the endgame this week after their laborious efforts to seal a pact that would slash greenhouse gas emissions in the European Union by 20% over the next 12 years.

Iran Calls French Envoy Over Sarkozy Remarks

Πεμ, 11 Δεκεμβρίου 2008 - 18:57

Iran has summoned the French envoy to Tehran to protest at critical comments by President Nicolas Sarkozy about his counterpart Mahmoud Ahmadinejad, state television reported Thursday.

TNK-BP Bd May OK Gas Station Deal But Not CEO

Πεμ, 11 Δεκεμβρίου 2008 - 18:56

The board of Russia's TNK-BP Ltd., half-owned by BP PLC (BP.LN), may Thursday approve a deal to buy out its partner in a gas station chain but won't vote on a new chief executive, the Vedomosti business daily reported Thursday, citing unnamed sources.

IEA: 08 World Oil Demand To Hit 25-year Low

Πεμ, 11 Δεκεμβρίου 2008 - 18:54

The International Energy Agency said Thursday that world crude oil demand this year is expected to officially enter its own recession of sorts, with oil consumption contracting for the first time in 25 years because of the deterioration in global economic activity.

Lukoil's Fedun:09 Crude Output To Remain At Least At 08 Level

Πεμ, 11 Δεκεμβρίου 2008 - 18:53

Crude oil output at Russia's OAO Lukoil Holdings (LKOH.RS) will remain at least at 2008 levels in 2009, Deputy Chief Executive Leonid Fedun said Thursday.

Enel Chmn: Not In Talks With Acciona To Buy Endesa Shr

Πεμ, 11 Δεκεμβρίου 2008 - 18:52

Chairman Piero Gnudi of Enel SpA (ENEL.MI) said Thursday the Italian utility wasn't in talks with Acciona SA (ANA.MC) to buy the company's 25% stake in Endesa SA (ELE.MC) so as to run the Spanish utility alone.