English Edition

Portugal's Galp Wants Closer Ties With Spain's Repsol

Παρ, 8 Αυγούστου 2008 - 11:45

Portuguese oil and gas company Galp Energia SGPS (GALP.LB) plans to approach Spanish-Argentine oil company Repsol YPF SA (REP) in search of closer ties between the two companies, possibly a merger, daily Diario Economico reports, Friday citing sources close to the situation.

Eni Completes Buy Of 20% Stake In Hindustan Oil Exploration

Παρ, 8 Αυγούστου 2008 - 11:43

Italian energy giant Eni (ENI.MI) said Friday it has completed its acquisition of a 20% stake of Hindustan Oil Exploration Co. Ltd. (500186.BY), or Hoec.

GDF Suez: Closes Financing of Ras Laffan C Project

Παρ, 8 Αυγούστου 2008 - 11:42

GDF Suez (GSZ.FR) said Friday that GDF SUEZ Energy International, in a consortium with Mitsui (8031.TO), Shikoku Electric Power Company (9507.TO), and Chubu Electric Power Company (9502.TO), and its partners Qatar Electricity and Water Company (QWES.DO), and Qatar Petroleum completed the limited-recourse financing of the Ras Laffan C power and water desalination project.

Iberdrola To Buy 50% Of Tarragona CCGT From RWE

Παρ, 8 Αυγούστου 2008 - 11:41

Iberdrola SA (IBE.MC) is planning to buy the 50% stake it doesn't already own of a 400-megawatt combined-cycle gas turbine facility in Tarragona from Germany's RWE AG (RWE.XE), reports Expansion in its Friday Internet edition.

Turk-Iranian gas contract likely soon

Πεμ, 7 Αυγούστου 2008 - 12:08

Turkey and Iran will probably sign a natural gas deal during Iranian President Mahmoud Ahmadinejad’s expected visit to the Turkish capital, Ankara, an Iranian official in Turkey said yesterday. Turkish officials have yet to confirm the deal.

Kazakhstan To Introduce New Subsurface Law

Πεμ, 7 Αυγούστου 2008 - 12:00

Kazakhstan 's Energy and Mineral Resources Ministry will introduce a new bill on subsurface use that won't allow joint exploration and production contracts to be signed in the future, Kazakhstan Today news agency quoted the minister as saying Wednesday.

Baku-Supsa Pipeline Restarts Oil Flow After Repair Work

Πεμ, 7 Αυγούστου 2008 - 11:58

Oil has again started flowing through the Georgian section of the Baku-Supsa pipeline, after 19 months of repair work, a spokeswoman of BP PLC (BP) in Azerbaijan said.

BTC Pipeline To Remain Shut For About 15 Days

Πεμ, 7 Αυγούστου 2008 - 11:57

The Baku-Tbilisi-Ceyhan, or BTC, oil pipeline will remain shut for about 15 days after an explosion sparked a fire in a section in eastern Turkey, an official told Anatolia news agency Thursday.

Iran Exposing Self To Sanctions

Πεμ, 7 Αυγούστου 2008 - 11:56

Iran has "made the choice to expose itself to new sanctions" by failing to clearly respond to proposals to resolve international concern over its nuclear ambitions, the French foreign ministry said Wednesday.

Russian Envoy Sees Potential For Nuclear Dialogue With Iran

Πεμ, 7 Αυγούστου 2008 - 11:54

Russia's U.N. ambassador, Vitaly Churkin, said Wednesday that despite Iran's ambiguous response to an offer of incentives to halt its uranium enrichment there was "potential" in the ongoing dialogue with Tehran.

EDF Plans To Build More Power Plants In Asia

Πεμ, 7 Αυγούστου 2008 - 11:53

French utility and nuclear power specialist Electricite de France SA (1024251.FR) plans to build more power plants in Asia, with main focus on China, Laos and Vietnam, a company executive said Thursday.

Iberdrola Eyes Sale Of Gas Natural-Fenosa Assets

Πεμ, 7 Αυγούστου 2008 - 11:51

Spanish utility Iberdrola SA (IBE.MC) is interested in the assets that may have to be sold by Gas Natural SDG SA (GAS.MC) following its takeover offer on Union Fenosa SA (UNF.MC), Spanish news agency Europa Press reported Wednesday, citing company sources.