English Edition

EU Biofuel War Looms With US Over Subsidies

Δευ, 26 Μαΐου 2008 - 03:18

Peter Mandelson, the European Union trade commissioner, has fired the first salvo in a potential transatlantic trade war by agreeing to challenge the U.S. over its biofuel subsidies, that are having a disastrous effect on U.K., German and other biodiesel producers, The Guardian reports Monday.

Hungary May Lower Certain Taxes To Offset Oil Price

Δευ, 26 Μαΐου 2008 - 03:15

Hungary may lower certain taxes on freight companies, except for excise and value added tax, in order to offset part of the oil price rise, business daily Napi Gazdasag said Monday without naming its source.

E.ON To Raise Wholesale Gas Prices Up To 25%

Δευ, 26 Μαΐου 2008 - 03:09

German utility E.ON AG (EOA.XE) will raise wholesale gas prices for municipal utilities and gas suppliers this year in light of soaring oil prices, Associated Press reported at the weekend.

EU Mins Give Formal Go-ahead For Talks With Russia

Δευ, 26 Μαΐου 2008 - 03:07

European Union foreign ministers on Monday gave the formal go ahead for the start of talks with Russia on a new partnership accord, ending an almost two-year impasse, the E.U.'s Slovenian presidency said.

Enel Says Not Interested In Dutch Co Essent, Denies Report

Δευ, 26 Μαΐου 2008 - 03:05

Enel SpA (ENEL.MI), Italy's biggest utility by revenue, said Monday it isn't interested in bidding for Dutch energy company Essent, denying a report earlier in the day.

Iran-Turkey Natural Gas Flow Halted After A Blast

Δευ, 26 Μαΐου 2008 - 03:00

The flow of Iranian natural gas to Turkey was halted early Monday after an explosion at a gas pipeline in Turkish territory, the governor of the eastern Turkish city of Agri, Mehmet Cetin said, the Ihlas News Agency, or IHA, reported.

Slavneft Board Recommends Dividend Of RUB0.28/Shr

Δευ, 26 Μαΐου 2008 - 02:58

Russian oil company OAO Slavneft (SLAV.RS) said Monday its board has recommended paying a dividend only for the first nine months of 2007 totaling 1,331 million rubles ($56.4 million), or 0.28 rubles per ordinary share.

Suez Environnement Is Top CAC-40 Candidate

Δευ, 26 Μαΐου 2008 - 02:57

Suez Environnement is a top candidate to replace Suez (SZEZY) in France's benchmark CAC-40 index, says Exane BNP Paribas. Says other leading contenders are Hermes (5229.FR) and Technip (13170.FR).

US-Russian Contest Over Gas in Thessaloniki

Παρ, 23 Μαΐου 2008 - 07:30

Russian and American diplomats measured swords at the 2nd International Meeting for Energy Dialogue in Thessaloniki this week. Greece’s gas links with Russia were at the epicentre.

Suez Ends British Energy Offer Talks >SZE.FR

Παρ, 23 Μαΐου 2008 - 05:43

Suez said Friday that in its discussions regarding the future development of the nuclear energy sector in the U.K., those relating to a potential offer for British Energy have now ceased.

French Budget Min: Strong Euro Helps Offset Oil Price Hikes

Παρ, 23 Μαΐου 2008 - 05:42

French Budget Minister Eric Woerth Friday said the strength of the euro has helped to offset a large part of the impact of oil price hikes on the French economy.

RWE And Scottish & Southern Discuss British Energy Bid

Παρ, 23 Μαΐου 2008 - 05:39

Scottish and Southern Energy PLC (SSE.LN) is in talks with Germany's RWE AG (RWE.XE) about mounting a joint bid for British Energy PLC (BGY.LN), U.K. newspaper The Daily Telegraph reported Friday, citing sources close to the situation.

Lignite Miner Czech Coal Says Readying A Cut In Production

Παρ, 23 Μαΐου 2008 - 05:38

Czech Coal AS, the privately-held lignite miner, said late Thursday it may cut production as early as this year, and halt production permanently in 2020 at its key CSA mine, due to Czech mining limits regulations.

Czech And Slovakia To Unite Electricity Markets As Of 2009

Παρ, 23 Μαΐου 2008 - 05:36

The Czech Republic and Slovakia will combine their electricity markets into one single market as of 2009 to reduce cross-border hurdles and fees while improving power distribution at times of peak usage, the Czech ministry of industry said Friday.

German Environmental Ministry: No Decision Yet On EnBW Plant

Παρ, 23 Μαΐου 2008 - 05:35

German Environment Minister Sigmar Gabriel has not yet made a final decision about a request from utility EnBW Energie Baden-Wuerttemberg AG's (EBK.XE) to transfer power generating capacity from the Neckarwestheim 2 nuclear reactor to Neckarwestheim 1, a ministry spokesman said Friday.

RWE, Iberdrola,Centrica Talks On British Energy Stall -Source

Παρ, 23 Μαΐου 2008 - 05:32

Talks between RWE AG (RWE.XE), Centrica PLC (CNA.LN) and Iberdrola SA (IBE.MC) over mounting joint bids for British Energy PLC (BGY.LN) aren't moving forward, a person familiar with the matter told Dow Jones Newswires Friday.