English Edition

EU Clears Solvay JV With Gazprom's Sibur To Build Vinyl Plant

Δευ, 19 Μαΐου 2008 - 02:53

The European Commission Monday cleared Belgian chemical company Solvay SA (SOLB.BT) to create a joint venture with Russian energy giant Gazprom's (GAZP.RS) Sibur petrochemicals unit, to build a vinyl plant in Russia.

E.ON Faces Warning Strike Wednesday Over Pay

Δευ, 19 Μαΐου 2008 - 02:51

German energy utility E.ON AG (EOA.XE) faces a strike Wednesday by unions seeking an 8.5% wage boost, according to Die Welt's Web site on Sunday.

Coal Bull Run Seen Driven By Fierce Asian Demand

Δευ, 19 Μαΐου 2008 - 02:50

Fierce demand growth for coal in emerging Asian economies will continue driving the fuel's price to new long-term record highs, says Gerard McCloskey, head of coal information provider McCloskey Group Ltd.

OMV Set To Take Legal Action Over MOL Bid Defense

Δευ, 19 Μαΐου 2008 - 02:48

Austrian oil and gas company OMV AG (OMV.VI) is expected to take legal action against its Hungarian rival MOL Nyrt. (MOL.BU) on Monday to dispute the validity of votes cast by shareholders who voted in favor of MOL's current management at an annual meeting last month, the Financial Times newspaper reported.

Iran Appoints New OPEC Governor

Δευ, 19 Μαΐου 2008 - 02:47

Iran, the number two exporter in the Organization of Petroleum Exporting Countries, said it has appointed a new OPEC governor.

Iberdrola Renovables To Pay EUR184M For Caledonia Energy

Δευ, 19 Μαΐου 2008 - 02:45

Spanish renewable energy company Iberdrola Renovables SA (IBR.MC) Monday said it has reached an agreement to buy Caledonia Energy Partners LLC of the U.S. for EUR184 million.

Gazprom Gets License To Sell Gas In Belgium

Δευ, 19 Μαΐου 2008 - 02:44

Russia's energy giant OAO Gazprom (OGZPY) has obtained a permit to sell gas in Belgium, financial newspaper De Tijd reported over the weekend.

Iraq To Accept More Intl Firms To Bid For Oil Deals

Δευ, 19 Μαΐου 2008 - 02:42

Iraq is planning to issue new list of pre-qualified international companies to bid for future oil and gas deals to develop the country's fields, a spokesman for the Iraqi Oil Ministry said Monday.

Hungary To Raise Natural Gas Prices From July 1 - Newspaper

Δευ, 19 Μαΐου 2008 - 02:41

The Hungarian government plans to raise natural gas prices by between 10% and 11% for residential users and by about 8% for industrial users and public institutions from July 1, national daily Nepszabadsag said Saturday, citing unnamed sources.

Italy Min: Eni Ready To Take Part In Libya Road Proj

Σαβ, 17 Μαΐου 2008 - 04:02

Eni SpA (E) is ready to participate in the construction of a highway project in Libya aimed at settling a compensation dispute between the oil-rich country and Italy, daily Il Messaggero reports Friday, citing new Foreign Minister Franco Frattini.

Suez Says It Has Made No Offer For British Energy

Σαβ, 17 Μαΐου 2008 - 04:02

French utility Suez (SZE.FR) hasn't made an offer for a stake in British Energy Group PLC (BGY.LN), a company spokesman said Friday.

Total CEO: Jubail Refinery Project Cost To Exceed $10B

Σαβ, 17 Μαΐου 2008 - 04:01

French oil major Total SA (TOT) Chief Executive Christophe de Margerie said Friday said the 400,000 barrel a day refinery it intends to build jointly with Saudi Arabian Oil Co. at Jubail on Saudi Arabia's Persian Gulf coast will cost in excess of $10 billion to build.