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Explosion In Petchem Plant In Kuwait

Πεμ, 5 Ιουνίου 2008 - 02:40

An explosion occured at a petrochemicals plant in Kuwait, Al Arabiya TV reported Thursday.

Volga Gas Well Placed To Start Drilling

Πεμ, 5 Ιουνίου 2008 - 02:37

Volga Gas's Chief Executive, Mikhail Ivanov, said that with the delineation of the sub-salt Yuzhny-Ershovskoye (Y-E) structure complete and the location for the first well identified, the company is now well-placed to commence drilling operations on this high potential structure.

Slovenia Tells IAEA: No Radiation Leak From Nuclear Plant

Πεμ, 5 Ιουνίου 2008 - 02:36

The U.N.'s atomic watchdog has confirmed it's monitoring the incident at Slovenian's only nuclear power plant, but said that according to the Slovenian authorities there had been no leak of radiation.

Rosneft Targets $200B Mkt Capitalization In Mid-term

Πεμ, 5 Ιουνίου 2008 - 02:34

Russian state-owned oil company OAO Rosneft (ROSN.RS) plans to increase its market capitalization to $200 billion in the mid-term, the business daily Vedomosti reported, citing Rosneft Chief Executive Sergei Bogdanchikov.

Slovenia Sparks EU Nuclear Alert

Πεμ, 5 Ιουνίου 2008 - 02:32

A leak of coolant prompted Slovenia to completely shut down the reactor at its only nuclear power plant. The European Commission said parts were still cooling after the shutdown, but the situation was under control.

Suez, GdF Boards Meet With Vote On Merger Expected

Τετ, 4 Ιουνίου 2008 - 03:40

The boards of directors of Suez (SZE.FR) and Gaz de France (1020848.FR) were meeting separately Wednesday, widely expected to approve the merger to create an energy giant despite vocal opposition of GdF unions.

OGK-2 Top Mgmt Leave; $23.5M Golden Parachute

Τετ, 4 Ιουνίου 2008 - 03:35

All top managers of London-listed generator OAO OGK-2 (OGKB.RS) have resigned receiving "golden parachutes" of around $23.5 million in total, newspaper Vedomosti reports Wednesday.

OMV And Dogan Denies POAS Stake Sale

Τετ, 4 Ιουνίου 2008 - 03:31

Austrian oil and gas company OMV AG (OMV.VI) said Wednesday in a statement to Istanbul Stock Exchange that it didn't have any meeting with Turkish conglomerate Dogan Holding (DYHOL.IS) about a stake sale in Turkish fuel and oil products distributor Petrol Ofisi AS (PTOFS.IS), or POAS, the Ihlas News Agency, or IHA, reported.

Italy Govt Plans Special Tax By July On Oil Cos' Pfts

Τετ, 4 Ιουνίου 2008 - 03:29

Italy's government plans to present by the end of July an extraordinary tax on oil companies' profits after record earnings on the back of surging oil prices, reports daily Corriere della Sera Wednesday, citing comments from Economy Minister Giulio Tremonti.

OPEC May Oil Output Up 1.35% On Mo At 32.39M B/D

Τετ, 4 Ιουνίου 2008 - 03:27

The Organization of Petroleum Exporting Countries boosted crude oil output in May, a survey by Dow Jones Newswires showed Wednesday, as the oil-producer group loosened its grip on production amid rising demand and record-high price levels of above $120 a barrel.

Energy Makes Up 70% Of German Imports From Russia

Τετ, 4 Ιουνίου 2008 - 03:26

Energy accounts for 70% of German imports from Russia, official data showed on Wednesday as Berlin got set to welcome Russian President Dmitry Medvedev on his first European trip since taking office.

Alstom CEO: Still Keen On Merging Company With Areva

Τετ, 4 Ιουνίου 2008 - 03:24

Alstom's (1022047.FR) Chief Executive Patrick Kron said Wednesday he is still keen on merging his company with nuclear giant Areva (CEI.FR).

Total Makes New North Sea Gas Discovery

Τετ, 4 Ιουνίου 2008 - 03:21

French oil giant Total (TOT) said Wednesday that it has made a new gas and condensate discovery in the Alwyn Area of the Northern North Sea, close to the Jura field that recently came on stream.