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Gazprom In Talks To Gain Control Over TNK-BP

Gazprom In Talks To Gain Control Over TNK-BP

Russia's OAO Gazprom (GAZP.RS) is in talks with TNK-BP (TNBP.RS), half owned by U.K. oil major BP PLC (BP), to gain a 51% stake in the joint venture, the RBK Daily said Friday, citing two unnamed sources.

Yukos Paid RUB90 Billion Too Much In Taxes

Yukos Paid RUB90 Billion Too Much In Taxes

Now-bankrupt oil major OAO Yukos, formerly Russia's largest oil producer, has paid 90 billion rubles ($3.8 billion) too much in taxes, a Moscow court said, the Vedomosti daily reported Friday.

La Caixa Seeks Govt OK Of GasNat-Iberdrola Tie-Up

La Caixa Seeks Govt OK Of GasNat-Iberdrola Tie-Up

La Caixa, Spain's largest savings bank by assets and the controlling shareholder of Gas Natural SDG SA (GAS.MC), is looking for government support for a tie-up between the Spanish natural gas distributor and Iberdrola SA (IBE.MC), ABC daily reports Friday, citing people close to the situation.

British Energy Shares Surge On Possible EdF Bid Plan

British Energy Shares Surge On Possible EdF Bid Plan

British Energy Group PLC (BGY.LN) shares traded up about 6% early Friday following a press report that Electricite de France SA's (1024251.FR) board has given the green light for the French electricity giant to launch a takeover bid for the U.K. utility.

EdF Appealing Bilbao Court Ruling On Iberdrola

EdF Appealing Bilbao Court Ruling On Iberdrola

Power utility Electricite de France SA (1024251.FR), which has said it wants to expand into Spain, said Friday it is appealing a Bilbao court ruling asking it to clarify its intentions concerning Spanish peer Iberdrola (IBE.MC).

PPC Sets Halyvourgiki Deal, No Decision Regarding RWE

PPC Sets Halyvourgiki Deal, No Decision Regarding RWE

The Public Power Corporation (PPC) said yesterday its board had approved an energy cooperation deal with steel producer Halyvourgiki to boost capacity, but did not discuss a proposed deal with Germany’s RWE.

Clean Energy from Water and the Sun

Clean Energy from Water and the Sun

“The hydrogen produced can be channeled into a fuel cell to produce energy or to a combustion point. The hydrogen can also be stored, solving the problem of storing and transporting solar energy. Secondly, the reactor can be used to recycle carbon dioxide. The hydrogen, together with carbon dioxide, can produce new fuel (such as methane). So a reactor like this can be set up alongside units producing CO2.

Enel in Bulgaria

Enel in Bulgaria

Italian utility Enel said yesterday it had restarted a 227 megawatt unit at its thermal power plant in southeastern Bulgaria, after completing its upgrade.

Greece Holds Talks on Joining New Gazprom Pipeline

Greece Holds Talks on Joining New Gazprom Pipeline

Greece yesterday held talks on joining OAO Gazprom’s South Stream pipeline project as Russia’s largest energy company lines up partners for its newest export route to Europe. Deputy Chief Executive Officer Alexander Medvedev discussed the issue with Development Minister Christos Folias in Athens, the company said in an e-mailed statement.

REpower, ENEL Sign Wind Power Contract For 42 Turbines

REpower, ENEL Sign Wind Power Contract For 42 Turbines

Germany's REpower Systems AG (RPW.XE) and Italy's ENEL S.P.A. (ENEL.MI) signed a contract about the delivery of 42 wind energy turbines with a total output of 84 megawatts, REpower said Thursday.

Verbund JV Builds EUR500M, 920 MW Power Plant In Turkey

Verbund JV Builds EUR500M, 920 MW Power Plant In Turkey

Austrian utility company Verbund AG (VER.VI) Thursday said Turkish Enerjisa, a joint venture between Verbund and Turkey's Sabanci Holding (SAHOL.IS), has initiated the plan to construct a 920 megawatt power plant in Bandirma on the southern coast of Turkey.

UES: Bashkirenergo 21% Stake Bids To Start At RUB11B, May 23

UES: Bashkirenergo 21% Stake Bids To Start At RUB11B, May 23

RAO Unified Energy System of Russia (EESR.RS), or UES, Thursday said it will auction a 21.27% stake in OAO Bashkirenergo (BEGY.RS) May 23, with a starting price of 11 billion rubles ($464.7 million).