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EU: Galp Energia Withdraws Filing To Takeover Agip Spain

Τετ, 16 Απριλίου 2008 - 04:38

The European Commission Wednesday said Galp Energia Espana, part of Portugal's oil and gas company Galp Energia (GALP.LB), has withdrawn its antitrust filing to takeover Agip Espana, the oil marketing assets of Italy's Eni SpA (E).

Petrol Ofisi To Raise Issued Capital 11.7% To TRY550M

Τετ, 16 Απριλίου 2008 - 04:37

Turkish fuel and oil products retailer Petrol Ofisi AS (PTOFS.IS), or POAS, said Wednesday it had decided to rise its issued capital by 11.7% to 550 million new Turkish lira ($414.7 million), Ihlas news agency, or IHA, reported.

CEZ Engaged In Seven Law Suits, Arbitrations In Bulgaria

Τετ, 16 Απριλίου 2008 - 04:35

CEZ AS (BAACEZ.PR), a central European power company based in the Czech Republic, Wednesday said it is engaged in seven lawsuits or arbitrations in Bulgaria.

Hungary's MOL Invites Tenders To Build Gas Pipeline

Τετ, 16 Απριλίου 2008 - 04:34

Hungarian oil and gas company MOL Nyrt.'s (MOL.BU) natural gas transport arm Fgsz Foldgazszallito Zrt. has invited tenders for the construction of a gas pipeline to connect the Hungarian and Romanian gas networks, national daily Nepszabadsag said Wednesday.

CEZ Faces Delays To Expansion In Romania Due To Politicking

Τετ, 16 Απριλίου 2008 - 04:32

CEZ AS (BAACEZ.PR), a central European power company based in the Czech Republic, Wednesday said it faces delays to its expansion in Romania due to politicking ahead of general elections there.

Sabanci To Take Partners For Turkey Pwr Nuclear Tender

Τετ, 16 Απριλίου 2008 - 04:30

Turkish conglomerate Sabanci Holding (SAHOL.IS) will join a tender to build Turkey's first nuclear power station with a technological and a strategic partner, Ihlas news agency, or IHA, reported Wednesday, citing business daily Dunya.

Egypt Maridive & Oil Services Eyes Up To $850M In IPO

Τετ, 16 Απριλίου 2008 - 04:29

Egypt's Maridive and Oil Services, one of the largest marine and oil support companies in the Middle East, said Wednesday it plans to raise up to $850 million in an initial public offering of its shares to fund regional and global expansion plans.

Iraq Cuts May Basra Crude OSP To US, Europe, Asia

Τετ, 16 Απριλίου 2008 - 04:27

Iraq's State Oil Marketing Organization has cut the May official selling prices of its Basra Light crude destined for the U.S. by $1.75 a barrel and for Europe by $1 a barrel, an Iraqi oil official said Wednesday.

Eni Started Output From Pakistan's Badhra Gas Field

Τρι, 15 Απριλίου 2008 - 04:35

Italy's Eni SpA (E) said Tuesday it has started production from its Badhra gas field, located in the Sindh province of Pakistan, approximately 250 kilometers northeast of Karachi.

Gazprom Bd To Recommend RUB2.66/Share 2007 Div -Prime-Tass

Τρι, 15 Απριλίου 2008 - 04:34

The board of Russian gas monopoly OAO Gazprom (GAZP.RS) will recommend a dividend of RUB2.66 ($0.11) a share, news agency Prime-Tass reported Tuesday citing a source close to the company.

OMV, DNO Among Cos In Yemen Oil Production Sharing Pacts

Τρι, 15 Απριλίου 2008 - 04:33

OMV AG (OMV.VI), DNO ASA (DNO.OS) and 11 other companies on April 14 signed production sharing agreements to develop seven oil and gas blocks in Yemen, the Yemeni oil ministry said Monday.

France's Legrand Buys Turkey's Estap

Τρι, 15 Απριλίου 2008 - 04:31

Legrand SA of France (1030781.FR) acquired Estap, a Turkish company that makes VDI enclosures and cabinets, the French company said Tuesday.

Russian Oil Slump Stirs Supply Jitters

Τρι, 15 Απριλίου 2008 - 04:30

Russian oil production, for years a vital source of new supplies for world markets, is showing signs of a slump, adding to uncertainties that have helped push oil prices to record highs.