English Edition

Total Close To Signing Azerbaijani Oil, Gas Deal

Πεμ, 5 Ιουνίου 2008 - 02:51

French energy group Total SA (TOT) is close to signing a deal to develop an offshore oil and gas field in ex-Soviet Azerbaijan, a local news agency reported Wednesday.

WSJ(6/5) Lukoil 1Q Net Profit Jumps

Πεμ, 5 Ιουνίου 2008 - 02:50

Russian oil producer OAO Lukoil Holdings said its first-quarter net profit more than doubled and called for heftier tax cuts for the industry.

EU Solana To Visit Iran, Plays Dn Chances On Nuclear Progress

Πεμ, 5 Ιουνίου 2008 - 02:48

European Union foreign policy chief Javier Solana said Wednesday he was set to visit Tehran for fresh nuclear talks but didn't expect any "miracles" in efforts to convince Iran to suspend uranium enrichment.

Oil Pipeline Fire Kills 3, Soon Put Out

Πεμ, 5 Ιουνίου 2008 - 02:43

An oil pipeline caught fire late Tuesday in Iran 's Khuzestan province, and the fire was put out early Wednesday, Reuters quotes Iranian state television as reporting.

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.