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Iberdrola,Union Fenosa Confirm Interest In Babcock Assets

Iberdrola,Union Fenosa Confirm Interest In Babcock Assets

Spanish power companies Iberdrola SA (IBE.MC) and Union Fenosa (UNF.MC) confirmed Wednesday they are interested in buying assets that Babcock & Brown Ltd. (BNB.AU) and its satellite fund Babcock & Brown Wind Partners Group (BBW.AU) are trying to sell.

Hungarian MOL Bd To Set 07 Div A Shr By End June

Hungarian MOL Bd To Set '07 Div A Shr By End June

The board of Hungarian oil and gas company MOL Nyrt. (MOL.BU) will set its 2007 per share dividend by the end of June, business daily Napi Gazdasag reports, citing unnamed sources.

Vestas Wind Systems Vestas Gets Order For 66 MW In Italy

Vestas Wind Systems Vestas Gets Order For 66 MW In Italy

Vestas has received a 66 MW order consisting of 31 units of the V90-2.0 MW turbine and 5 units of the V52-850 kW turbine for the Trapani Salemi project to be installed in Sicily, Italy. The order comprises supply and installation, a VestasOnline Business SCADA system as well as a five-year service agreement.

Russia Outflanks EUs Pipeline Plan

Russia Outflanks EU's Pipeline Plan

During the Cold War, the balance of power was measured in nuclear warheads. Now a new kind of contest is playing out. The battlefield is Europe's energy market. The objective is pipeline proliferation. And Russia is winning.

Iran OPEC Gov Not Aware Of Planned Saudi Output Hike

Iran OPEC Gov Not Aware Of Planned Saudi Output Hike

Iranian OPEC Governor Mohammad Ali Khatibi said Friday that he was not aware of reported plans by Saudi Arabia, OPEC's largest exporter, to propose raising its oil production at an upcoming meeting of oil producers and consumers in Jeddah.

Iran Makes 750 Million Barrel Oilfield Find

Iran Makes 750 Million Barrel Oilfield Find

Iran's oil minister announced the discovery of a 750 million-barrel oilfield, the Iranian oil ministry's official Shana news Web site reported Saturday.

GdF To Establish ADRs To Replace Suez Shares Post Merger

GdF To Establish ADRs To Replace Suez Shares Post Merger

French utility Gaz de France (1020848.FR), which plans to merge with Franco-Belgian peer Suez (SZEZY) in July, Tuesday said it will be establishing an American Depositary Receipt program to replace one for Suez's shares.

Saudi Aramcos Khursaniyah Field May Start Up In Aug

Saudi Aramco's Khursaniyah Field May Start Up In Aug

Saudi Arabian Oil Co. or Saudi Aramco, may start producing crude from its Khursaniyah oil field in early August but not at full capacity, Abha-based Al Watan daily reported Tuesday.

Irans Pres Proposes New Currency For OPEC Oil Transactions

Iran's Pres Proposes New Currency For OPEC Oil Transactions

Iranian President Mahmoud Ahmadinejad Tuesday reaffirmed his proposal to create a completely new currency which countries of the Organization of Petroleum Exporting could use in oil transactions.

Gazprom CEO: Kovykta Deal To Be Closed Soon

Gazprom CEO: Kovykta Deal To Be Closed Soon

The chief executive of Russia's Gazprom (GAZP.RS) Tuesday said last year's deal to buy control of the Kovykta gas field from TNK-BP Holding (TNBP.RS) will close very soon, news agency Interfax reported.

Mytilineos Adds to its RES Portfolio

Mytilineos Adds to its RES Portfolio

Greek metals, energy and engineering group Mytilineos said yesterday it has bought four wind parks in Evia, central Greece, for 28 million euros as part of plans to develop its renewable energy portfolio.