English Edition

RTS Sets Bid Range For Shares In Grid Co MRSK Volga

Σαβ, 17 Μαΐου 2008 - 04:01

Bids for shares in newly consolidated Russian interregional grid company OAO MRSK Volga could be up to 50% above or below the U.S. dollar equivalent of 0.18 rubles ($0.008), the Russian Trading System, or RTS, stock exchange said Friday.

Italy's Industry Minister Calls Meeting With Oil Lobby

Σαβ, 17 Μαΐου 2008 - 04:00

Italy's new Industry Minister Claudio Scajola on Friday called an urgent meeting for 1600 GMT with representatives of Italy's Unione Petrolifera oil lobby, according to an Industry Ministry press release.

RWE Plans To Significantly Expand Its Water Business - Report

Σαβ, 17 Μαΐου 2008 - 04:00

German utility RWE AG (RWE.XE) wants to significantly expand its water operations, German newspaper Westdeutsche Allgemeine Zeitung reports in a prerelease Friday, citing Heinz-Werner Ufer, chief executive of RWE unit RWE Energy AG.

Saudi Arabia Hiked Oil Output 300,000 B/D May 10

Σαβ, 17 Μαΐου 2008 - 03:59

Saudi Arabia, under U.S. pressure to increase its oil output amid soaring energy prices, said Friday it had raised production by 300,000 barrels per day on May 10 and that increase was sufficient.

British Energy Receives Several Proposed Offers

Σαβ, 17 Μαΐου 2008 - 03:59

British Energy PLC said it received proposals from several parties wishing to make a full offer for the company, some of which were higher than the closing price of its shares Thursday.

Iran Says Increasing OPEC Oil Output Won't Alter Price Levels

Σαβ, 17 Μαΐου 2008 - 03:58

Iran said on Saturday that any oil output increase by the Organization of Petroleum Exporting Countries as requested by the U.S. wouldn't affect soaring prices.

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.