English Edition

German Govt Plans No Measures To Dampen Rise In Energy Costs

Παρ, 23 Μαΐου 2008 - 05:19

The German government currently plans no measures to help dampen the surge in energy prices, government spokesman Ulrich Wilhelm said Friday, adding the strong euro has helped slow the rise in fuel prices.

The US-Russian Gas Argument

Πεμ, 22 Μαΐου 2008 - 05:50

The rivalry between the US and Russia over European energy supplies continued in Thessaloniki yesterday, centering on the issue of diversification in energy sources and supply and its impact on sufficiency.

Greek Scientists Asked to Share in Nobel Prize

Πεμ, 22 Μαΐου 2008 - 05:44

Christos Zerefos, president of the National Observatory in Athens, and his colleague, Professor Alcibiades Bais of Thessaloniki University, are the first two Greeks to be awarded the Nobel Peace Prize, even if they share it with dozens of other scientists.

Italy Govt To Reintroduce Nuclear Power By 2013

Πεμ, 22 Μαΐου 2008 - 04:05

Italy's center-right government of Prime Minister Silvio Berlusconi will reintroduce nuclear power in the country to reduce energy costs for companies and households, Industry Ministry Claudio Scajola said Thursday.

CEZ Owners Approve New Stock Buyback, CZK40/Share Dividend

Πεμ, 22 Μαΐου 2008 - 04:04

Shareholders of Czech power company CEZ AS (BAACEZ.PR) approved canceling the shares the company bought in a stock buyback program and also approved the utility launching another share buyback program, CEZ spokeswoman Eva Novakova said Thursday.

Ukraine Eyes Kazakh, Azerbaijan Invest In Refineries

Πεμ, 22 Μαΐου 2008 - 04:02

Ukraine's president Viktor Yushchenko has invited Azerbaijan and Kazakhstan to invest in Ukraine's oil refineries, the Unian agency reported.

EU Opens In-Depth Probe Into Alleged GdF Gas Market Abuses

Πεμ, 22 Μαΐου 2008 - 03:57

The European Commission Thursday opened an in-depth antitrust probe into French state-controlled natural gas operator Gaz de France (1020848.FR) over suspicion the company is restricting gas supplies in France.

Czech Parliamentarians Favor Nuclear Power Expansion

Πεμ, 22 Μαΐου 2008 - 03:14

The overwhelming majority of Czech parliamentarians favor expanding the country's nuclear power generation base, despite a handful of politicians from the Green party blocking expansion, magazine Ekonom reports Thursday.

IEA Warns Of Future Oil-Production Crunch -2-

Πεμ, 22 Μαΐου 2008 - 02:43

The IEA study will try to answer one question that bedevils those trying to forecast future prices and the supply-demand balance: How rapidly are the world's top fields declining? The rates at which their production dwindles over time are a much-debated barometer of the health of the world's oil patch.

Russian Brokerage Tetlis Seeks Up To $400M From BP

Πεμ, 22 Μαΐου 2008 - 02:41

Moscow brokerage ZAO Tetlis is seeking up to $400 million from BP PLC (BP), the daily Vedomosti reported Thursday citing documents filed with a court in Russia's Siberia.

Russia Tatneft Seeks $1.1B From Ukraine In Compensation

Πεμ, 22 Μαΐου 2008 - 02:38

Russia's crude producer OAO Tatneft (TATN.RS) is taking legal action to obtain $1.1 billion from Ukraine in compensation for the loss of control of its former affiliate, Ukrtatnafta, the daily Vedomosti reported Thursday, citing an unnamed Tatneft official.

Oil Fundamentals Don't Justify Rally

Πεμ, 22 Μαΐου 2008 - 02:35

Oil market fundamentals don't justify this week's $10/bbl rally, says Edward Meir at MF Global. The weaker dollar has come up from its recent lows, Nigerian unrest hasn't worsened, and US energy demand continues to deteriorate.

Iran NIOC Official: Lack Of Investment Driving Oil Prices

Πεμ, 22 Μαΐου 2008 - 02:32

A lack of international investment in oil exploration and production activities, which threatens to constrain growth in future oil supplies, is a primary factor behind the rise in global oil prices, an official from the National Iranian Oil Company told Dow Jones Newswires.