English Edition

Oil Mkt Fundamentals May Ease In 2H 08, 2009

Τετ, 27 Αυγούστου 2008 - 13:13

International Energy Agency executive director Nobuo Tanaka said Wednesday he sees a potential easing in oil-market fundamentals in the second half of 2008 and into 2009, before a renewed tightening after that.

Czech CEZ To Invest EUR1.1 Bln In Romanian Wind Power Farm

Τετ, 27 Αυγούστου 2008 - 13:11

Czech power utility CEZ AS (BAACEZ.PR) said Wednesday it will invest EUR1.1 billion in a wind farm project in Romania that it has bought from Continental Wind Partners LLC.

E.ON Confirms Revamp Plans, To Cut 1,800 Jobs In Germany

Τετ, 27 Αυγούστου 2008 - 13:10

German utility E.ON AG's (EOAN.XE) energy unit E.ON Energie Wednesday confirmed it plans to restructure its distribution operations, which will lead to 1,800 job cuts in Germany.

EDF Subsidiary To Seek 15% Tariff Hike

Τετ, 27 Αυγούστου 2008 - 13:09

French electricity distribution network ERDF, a subsidiary of state controlled utility Electricite de France (1024251.FR), is to ask for a 15% hike in distribution tariffs, ERDF's board chairman Michel Francony said in an interview published Wednesday.

Iran Oil Min: Iran To Improve Cooperation With Gazprom

Τρι, 26 Αυγούστου 2008 - 12:10

Iran is looking to strengthen its ties with Russia by improving cooperation with energy company OAO Gazprom (GAZP.RS), Iran's oil minister said Monday, the Oil Ministry's Shana News Agency reported.

Iran OPEC Governor: Mkt Is Not Balanced, There Is Oversupply

Τρι, 26 Αυγούστου 2008 - 12:08

Organization of Petroleum Exporting Countries members favor a balanced crude oil market and could still decide on rolling over or cutting output at their upcoming meeting in Vienna in early September, Iran's OPEC governor said Tuesday.

Merkel:Medvedev Must Reject Independence For Georgian Regions

Τρι, 26 Αυγούστου 2008 - 12:07

German Chancellor Angela Merkel on Monday called on Russia's president to reject a parliament resolution in Moscow to recognize the independence of two Georgian breakaway regions.

BP Norway Oil To Double By '12, Spend $900M In 09

Τρι, 26 Αυγούστου 2008 - 12:04

U.K. oil major BP PLC (BP.LN) is ramping up its activity in Norway, bucking a trend at other oil majors to consolidate and scale down in maturing oil and gas basins like Norway and the U.K.

Repsol:No Decision About Upping Stake In W Siberian Resources

Τρι, 26 Αυγούστου 2008 - 12:02

Repsol-YPF SA (REP) hasn't taken a decision on whether to raise its stake in oil company West Siberian Resources Ltd. (WSIB-SDB.SK), a press official for the Spanish oil firm said Tuesday.

Libya Oil Head: Current Oil Price May Keep OPEC Output Steady

Τρι, 26 Αυγούστου 2008 - 12:01

With oil prices trading at $115 a barrel the Organization of Petroleum Exporting Countries is likely to keep its formal production policy steady when it meets in two weeks, Libya's top oil official said Tuesday.

Russian Leader To Meet With Security Council

Τρι, 26 Αυγούστου 2008 - 11:59

Russian President Dmitry Medvedev will hold a meeting of his national security council Tuesday, a Kremlin press official told AFP.

Iberdrola Mulls Bid To Build Turkey Nuclear Plant

Τρι, 26 Αυγούστου 2008 - 11:53

Spanish electricity company Iberdrola SA (IBE.MC) is studying to bid for a license to build Turkey's first nuclear power plant, the Cinco Dias reports Tuesday.

Pipeline Resumes

Δευ, 25 Αυγούστου 2008 - 16:29

The Baku-Tbilisi-Ceyhan pipeline, which carries crude oil from Azerbaijan to Turkey via Georgia, may resume full operations within days after a fire halted exports, a BP Plc spokeswoman said. “We are carrying out integrity testing on the pipeline,” Tamam Bayatly said by telephone from Baku on Saturday. “As part of that, we are ramping up the flow into the line. That will go on until we can reach full production next week