English Edition

Greece Rapped Over Gases

Τρι, 22 Απριλίου 2008 - 05:18

The United Nations has thrown Greece out of the system that allows countries to trade emissions under the Kyoto Protocol and has given Athens three months to come up with a reliable way of testing its pollution levels after deeming its current methods unsatisfactory.

Rosneft May Have Earned Over $1B On Tomskneft Sale

Τρι, 22 Απριλίου 2008 - 03:43

Russian state-controlled oil major OAO Rosneft (ROSN.RS) may earn more than $1 billion on the sale of Tomskneft, which it purchased last year from bankrupt OAO Yukos, the Vedomosti daily said Tuesday.

Gazprom's Medvedev Wants Libya-Europe Pipe With Eni

Τρι, 22 Απριλίου 2008 - 03:42

Gazpromexport (OGZPY) Director General Aleksandr Medvedev said the Russian gas company is "talking to Eni SpA (E) about working together" on plans to build a gas pipeline from Libya to Europe, Corriere della Serra reports Tuesday.

Kazakhstan To Get 5BCM Of Natural Gas From Uzbekistan

Τρι, 22 Απριλίου 2008 - 03:41

Kazakhstan has agreed with Uzbekistan's Uzbekneftegaz and Russian gas monopoly OAO Gazprom (GAZP.RS) that 5 billion cubic meters of natural gas will supplied to its internal market this year, state news agency Kazinform reported Tuesday citing the energy ministry.

Enel's Domestic Natural Gas Network Worth About EUR2B

Τρι, 22 Απριλίου 2008 - 03:39

Enel SpA's (ENEL.MI) domestic natural gas distribution network, that the company may sell to reduce its debt, is worth about EUR2 billion, daily Il Sole-24 ore reports Tuesday, without citing sources.

High Oil Prices Might Lead To Recession

Τρι, 22 Απριλίου 2008 - 03:38

High crude oil prices might trigger an economic recession and dampen oil demand, the head of the International Energy Agency, or IEA, said Tuesday.

IMF Says Oil Expansion Plans Failing To Meet Demand

Τρι, 22 Απριλίου 2008 - 03:37

The International Monetary Fund has warned oil ministers that capacity expansion is failing to keep up with demand, the Financial Times reported Tuesday.

Gazprom Neft OKs 2020 Strategy, To Boost Output To 100M Tons

Τρι, 22 Απριλίου 2008 - 03:36

OAO Gazprom Neft (SIBN.RS), Russia's fifth largest oil producer by volume, has approved a strategy plan to 2020, in which it expects to boost crude production to 100 million metric tons a year, the company said Tuesday.

EU Clears Suez, GdF To Jointly Buy UK Teesside Power Plant

Τρι, 22 Απριλίου 2008 - 03:35

The European Commission Tuesday cleared French utilities Suez (SZE.FR) and Gaz de France (1020848.FR) to jointly buy a gas-fired power plant in the U.K.

Oil At New Highs, Nymex Crude Breaches $118/Bbl

Τρι, 22 Απριλίου 2008 - 03:33

Crude oil futures continued their blistering record-setting run in London trade Tuesday, climbing to new heights as supply concerns, a weaker dollar and a bullish technical outlook again propelled prices upwards.

BP's Azeri Oil Field Gunashli Starts On Schedule

Τρι, 22 Απριλίου 2008 - 03:32

BP PLC (BP) Tuesday said oil production has begun on schedule at its Gunashli fields in Azerbaijan's sector of the Caspian Sea.

Lukoil To Invest $6.31B In Refining Until 2017

Τρι, 22 Απριλίου 2008 - 03:31

Lukoil Holdings (LKOH.RS) plans to invest $6.309 billion on its refining business by 2017, a company executive said Tuesday.

Lukoil May Pay RUB42/Share In 2007 Dividend Payout

Τρι, 22 Απριλίου 2008 - 03:30

Russia's second-largest oil producer Lukoil (LKOH.RS) is considering a 10.5% increase in its 2007 dividend payout to 42 rubles per share, the Interfax news agency reported Tuesday, citing an unnamed source close to Lukoil's Board of Directors.

OPEC Secy Genl: $160B Invest To 2012 To Hike Capacity

Τρι, 22 Απριλίου 2008 - 03:29

Organization of Petroleum Exporting Countries members are planning to spend $160 billion over the next four years to boost oil production capacity by 5 million barrels a day, which will enable the group to meet oil export demands despite surging internal consumption, the group's secretary general said in an interview Tuesday.

Russia Urges Serbia to Ratify Energy Deal

Δευ, 21 Απριλίου 2008 - 23:32

Russia has urged Serbia to finalize a key energy deal, including the much criticized sale of its state oil monopoly to Russia at what some Serbian officials say is a below-market price.

Dr. Nikos Vassilakos elected as new President of EREF

Δευ, 21 Απριλίου 2008 - 23:31

On the occasion of EREF’s annual General Assembly held on 15th April in Freising / Germany, Dr. Nikos Vassilakos has been unanimously elected new President of the European Renewable Energy Federation (EREF). He succeeds Peter Danielsson who’s second term as President ended according to the Federation’s statutes after four years of very successful work.