English Edition

South East Europe Energy Dialogue Attracts Strong International Interest

Παρ, 16 Μαΐου 2008 - 23:45

More than 80 speakers from 20 counties and 7 International Organizations are expected to participate in this year’s SE Europe Energy Dialogue alongside with many delegates from Greece and abroad. This year’s Dialogue meeting is convened by the Institute of Energy for South East Europe (IENE) following the success of the 1st Energy Dialogue, which was organised in Thessaloniki last year.

MOL CFO: External Environment To Stay Strong In 2008

Πεμ, 15 Μαΐου 2008 - 04:31

Hungarian oil and gas company MOL Nyrt.'s (MOL.BU) external operating environment is set to be strong in 2008 due to expected high oil prices and improving crack spreads, Chief Financial Officer Jozsef Molnar told Dow Jones Newswires Thursday.

EdF Looking Closely At E.ON Assets On Offer

Πεμ, 15 Μαΐου 2008 - 04:29

EdF SA (1024251.FR) is looking closely at assets to be divested by German peer E.ON (EONGY), French business newspaper La Tribune reports Thursday, without citing sources.

GdF Sees Workers' Opinion On Suez Merger Likely By End May

Πεμ, 15 Μαΐου 2008 - 04:28

French utility Gaz de France (1020848.FR) Thursday said a meeting of its French works council at the end of May should see workers' representatives give an opinion on its planned merger with Suez (SZEZY), allowing the two companies then to begin the final steps toward concluding the deal.

CEZ CFO: Hoping To Start New Share Buyback Program This Year

Πεμ, 15 Μαΐου 2008 - 04:27

CEZ AS (BAACEZ.PR), a central European power company based in the Czech Republic, aims to launch another share buyback program by the end of this year, the company's chief financial executive said Thursday.

RWE CFO: Forex Effects Hit 1Q Result By Around EUR70M

Πεμ, 15 Μαΐου 2008 - 04:26

German utility RWE AG (RWE.XE) Thursday said that foreign exchange rate effects negatively hit its first-quarter result by around EUR70 million.

A2A Hopes To Have The Assets Of Endesa Italia Split From Oct

Πεμ, 15 Μαΐου 2008 - 04:23

A2A SpA (A2A.MI) expects to take possession Oct. 1 of assets from the slit of generation company Endesa Italia SpA, said Giuliano Zuccoli, chairman of the management board of Italy's biggest municipal utility by market value, Thursday.

EU OKs Energy Cos CEZ, MOL To Create Gas-Fired Power Plant JV

Πεμ, 15 Μαΐου 2008 - 04:22

The European Union Thursday cleared Czech energy company CEZ A.S. (BAACEZ.PR) and Hungarian peer MOL Nyrt. (MOL.BU) to form a joint venture that will build gas-fired power plants in Hungary, Slovakia, Croatia and Slovenia.

Suez Environnement Valuation Likely To Rise-Citi

Πεμ, 15 Μαΐου 2008 - 04:20

Suez Environnement's implied enterprise value is seen at 6.8x 08 estimated Ebitda, says Citigroup. Notes that Veolia Environnement's is at 8x. "We would expect Suez Environnement's valuation to improve as we get more visibility on the business with the issuance of the spin-off prospectus," says the bank.

EU Gives Spain 1 Mo To Lift Endesa Conditions, Or Face Court

Πεμ, 15 Μαΐου 2008 - 04:19

The European Commission Thursday asked Spain to lift the restrictions it imposed on Enel SpA's (ENEL.MI) and Acciona SA's (ANA.MC) acquisition of the Spanish power company Endesa SA (ENSTY) within one month or face court action.

Lotos CEO: Tight Costs, Hedging To Yield Good 2008 Results

Πεμ, 15 Μαΐου 2008 - 04:17

Grupa Lotos (LTS.WA) should this year improve its operating performance on an annual basis thanks to tight cost management and gains from hedging transactions, the company's chief executive said Thursday.

OPEC Revises '08 Oil Demand Growth To 1.35% Vs. 1.4% Last Mo

Πεμ, 15 Μαΐου 2008 - 04:16

The Organization of Petroleum Exporting Countries slightly lowered this year's forecast for world oil demand growth, noting oil consumption in industrialized countries has been very weak, while high oil prices and a slowing economy would likely weigh on U.S. demand for gasoline this summer.

Turkey's Enka To Build Gas Power Plant In Russia

Τετ, 14 Μαΐου 2008 - 03:53

Turkish construction firm ENKA Insaat (ENKAI.IS) said Wednesday it has signed a preliminary agreement to build a 400 megawatt combined-cycle gas power plant in Russia, the Ihlas News Agency, or IHA, reported.