English Edition

RWE May Give Up Part Of Gas Network As EU Concession

Τετ, 28 Μαΐου 2008 - 03:25

Utility RWE AG (RWE.XE) is ready to relinquish a large part of its gas network as a concession to end an antitrust case with the European Union, Handelsblatt reports Wednesday, citing sources.

British Energy CEO Sees Sizewell B Returning "Within Days"

Τετ, 28 Μαΐου 2008 - 03:23

U.K. nuclear power plant Sizewell B is due to return to service "within days" after an instrument problem closed the plant Tuesday, the chief executive of plant owner British Energy Group PLC (BGY.LN) said Wednesday.

Power Machines Signs RUB40B Deal For Nuclear Power Units

Τετ, 28 Μαΐου 2008 - 03:21

Russia's largest electrical engineering company OAO Power Machines, or Silovye Mashiny (SILM.RS), said Wednesday it will deliver and install machinery for two nuclear power units to the state-owned nuclear energy corporation Atomenergoprom worth a total of 40 billion rubles ($1.7 billion).

French Nuclear Watchdog Orders Halts EDF Nuclear Proj-Report

Τετ, 28 Μαΐου 2008 - 03:20

France's nuclear safety watchdog ordered Electricite de France (1024251.FR) to halt work on the construction of a new generation nuclear power station in Flamanville, northern France, The Financial Times reports Wednesday, citing the Nuclear Safety Authority's chief inspector.

Russia's UES IFRS 2007 Net Profit Rises 11% To RUB165 Bln

Τετ, 28 Μαΐου 2008 - 03:19

Former electricity monopoly RAO Unified Energy System of Russia (EESR.RS), or UES, Wednesday said its net profit for 2007, calculated under International Financial Reporting Standards, rose 11% on the year to 165 billion rubles ($7.01 billion) on sales of its subsidiaries.

Ex-OPEC Chief: Indonesia's Exit Makes No Sense

Τετ, 28 Μαΐου 2008 - 03:17

Indonesia's decision to leave OPEC makes little sense, says former chief of cartel. "There is no benefit to Indonesia from leaving OPEC," says former secretary general Subroto.

French Fishermen Ease Oil Blockade, Farmers Step Up Protests

Τετ, 28 Μαΐου 2008 - 03:15

Striking fishermen Wednesday lifted a week-long blockade of France's largest oil refinery, but truck drivers and farmers stepped up their protests over soaring fuel prices.

Total Bd Chmn Sold EUR2.43Mln-worth Total Shares May 16

Τετ, 28 Μαΐου 2008 - 03:14

French oil major Total SA's (TOT) Chairman of the Board Thierry Desmarest sold a total of EUR2.43 million worth of company shares May 16, according to a filing with domestic market regulator Autorite des Marches Financiers.

UK Brown To Meet Oil Industry Chiefs Amid Fuel Price Furor

Τετ, 28 Μαΐου 2008 - 03:13

U.K. Prime Minister Gordon Brown and Chancellor of the Exchequer Alistair Darling will meet with oil industry executives Wednesday amid a growing furor over rising fuel prices.

Shell May Join Pipeline

Τρι, 27 Μαΐου 2008 - 05:29

Royal Dutch Shell Plc is near to signing a deal with Turkish Calik Energy and Italian Eni to join work on a oil pipeline between the Black and Mediterranean seas, sources close to the deal said yesterday.

Iran Deputy Oil Min:Refinery Capacity To Rise 60,000 B/D-IRNA

Τρι, 27 Μαΐου 2008 - 03:39

Iran's refinery capacity will rise by 60,000 barrels a day within the first half of the current Iranian year, the Iranian state news agency IRNA reported a high-ranking oil official as saying.

Endesa Makes Bid For Chilean Electricity Co SAESA

Τρι, 27 Μαΐου 2008 - 03:37

Spanish electricity company Endesa SA (ELE.MC) has made an offer for for Chilean electricity distribution comapny SAESA, El Economista reports, without citing any sources.

OPEC's President Says No Meeting Before September

Τρι, 27 Μαΐου 2008 - 03:36

The Organization of Petroleum Exporting Countries won't meet before its next scheduled gathering in September despite surging oil prices, the group's president Chakib Khelil was quoted as saying by the Libyan National Oil Corp.'s Web site Tuesday.