English Edition

E.ON Low-Cost Power, Gas Unit Has 800,000 Customers

Τρι, 24 Ιουνίου 2008 - 04:56

E.ON AG (EOA.XE) Tuesday said its low-cost power and gas sales business E Wie Einfach has gained around 50,000 customers in the past two months.

EU Commission Lists Objections To OMV Takeover Of MOL

Τρι, 24 Ιουνίου 2008 - 04:54

The European Commission has expressed serious concerns about the proposed takeover of Hungarian oil and gas company MOL Nyrt. (MOL.BU) by its Austrian peer OMV AG (OMV.VI), OMV said Tuesday.

Eni CEO Sees Impact Of Tax Hike At Less Than EUR500M

Τρι, 24 Ιουνίου 2008 - 04:52

The Italian government's new tax hitting energy companies will impact Eni SpA (E), Italy's biggest oil and natural gas company by revenue, by less than EUR500 million, said Chief Executive Paolo Sacroni Tuesday.

Iran, Russia To Hold Talks On Expanding Relations

Τρι, 24 Ιουνίου 2008 - 04:51

High-level Iranian and Russian officials will soon hold talks on expanding bilateral relations, the Iranian oil ministry's official Shana news Web site reported Monday.

OPEC Pres: Oil Prices Won't Fall Despite Group's Efforts

Τρι, 24 Ιουνίου 2008 - 04:48

Scorching oil prices will not fall despite the efforts of the Organization of Petroleum Exporting Countries, its president said Tuesday in the aftermath of the decision by Saudi Arabia, the group's de facto leader, to spur crude output higher.

Enel Looking At Nuclear Power In Albania In Long-term

Τρι, 24 Ιουνίου 2008 - 03:47

Enel SpA (ENEL.MI) Chief Executive Fulvio Conti Tuesday said the Italian utility was looking at boosting power production from Albania through coal and nuclear power plants.

Surgutneftegaz Hldr Asks About Gunvor Deal Via Court

Τρι, 24 Ιουνίου 2008 - 03:46

A minority shareholder of Russian oil producer OAO Surgutneftegaz (SNGS.RS), Alexei Navalnyi, has filed a lawsuit against the company asking it to disclose details of the deal with oil trader Gunvor, the newspaper Vedomosti reported Tuesday, citing the court's documents.

Gazprom Neft, Chevron Halt Work At Two JV Fields

Τρι, 24 Ιουνίου 2008 - 03:44

Russian oil producer OAO Gazprom Neft (SIBN.RS) and U.S. major oil company Chevron Corp. (CVX) have decided to halt work at the Aikhettiskiy and Pyakutinsky fields owned by their joint venture company Northern Taiga Neftegaz, the newspaper Vedomosti reported Tuesday.

Lukoil Agrees To Buy European Oil Refinery

Τρι, 24 Ιουνίου 2008 - 03:43

Russia's second-largest oil producer OAO Lukoil (LKOH.RS) has agreed to buy a refinery in Europe, Interfax news agency reported late Monday, citing an unnamed source familiar with the company's plans.

OIL SUMMIT: Saudi King: Output Hike To 9.7M B/D

Δευ, 23 Ιουνίου 2008 - 06:35

Saudi Arabia's King Abdullah confirmed Sunday that the kingdom would boost its output to 9.7 million barrels a day, a hike of some 200,000 barrels a day against current output forecasts by the country, and said it wanted to contribute $1 billion through OPEC's development fund to ease the pain developing economies are feeling from record energy prices.

Lukoil Wants To Buy 100% Of Turgai Petroleum

Δευ, 23 Ιουνίου 2008 - 04:39

Russian oil producer OAO Lukoil Holdings (LKOH.RS) wants waive its preemptive rights to increase its stake in Kazakhstan's Turgai Petroleum to 100%, the Kommersant daily reported Monday, citing the company's Chief Executive Vagit Alekperov.

KazMunaiGas EP Postpones PetroKazakhstan Buy Until 2H

Δευ, 23 Ιουνίου 2008 - 04:37

Kazakh oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ), or KMG EP, said Monday it has delayed its plans to acquire 33% in PetroKazakhstan from its parent company until the second half of this year due to an upcoming new tax code.

Russia's Foreign Minister Warns Against Attacking Iran

Δευ, 23 Ιουνίου 2008 - 04:36

Russia's foreign minister Friday said there was no proof Iran is developing nuclear weapons and warned unilateral action against the country risked repeating the mistakes of the invasion of Iraq.