English Edition

UAE Aabar May Complete Pearl Energy Sale By End April

Δευ, 31 Μαρτίου 2008 - 04:51

Abu Dhabi-based Aabar Energy (AABAR.AD) hopes to conclude the sale of its Pearl Energy exploration and production unit for $833.3 million to Mubadala Development Co. by late April, a top executive said Monday.

E.ON's Kingsnorth In UK Govt CO2 Capture Competition

Δευ, 31 Μαρτίου 2008 - 04:49

E.ON UK, the U.K. arm of German utility E.ON AG (EOA.XE), said Monday its Kingsnorth coal-fired project will be one of the projects to apply for funding under the U.K. government's carbon capture and storage competition.

Gazprom Plans To Make Buyout Offer To TGK-1 Shareholders

Δευ, 31 Μαρτίου 2008 - 04:48

Russian gas monopoly OAO Gazprom (GAZP.RS) is planning to make a buyout offer to shareholders in regional power generator OAO TGK-1 (TGKA.RS), a spokeswoman for Gazprom subsidiary Mezhregiongaz said Monday.

Libyan Oil Output Seen At 2M B/D By 2010

Δευ, 31 Μαρτίου 2008 - 04:46

Libya will produce 2 million barrels a day of oil by 2010, from the current 1.6 million-1.7 million barrels a day, a government official told Dow Jones Newswires.

Iraq Oil Exports Cut In Half On "Technical" Issues

Δευ, 31 Μαρτίου 2008 - 04:44

Crude oil exports from Iraq's key southern Basra terminal have been cut in half from its normal level due to technical problems, shipping agents told Dow Jones Newswires Monday.

New Turk Sell-Off Strategy

Δευ, 31 Μαρτίου 2008 - 04:32

Turkey may change its privatization strategy to sell off both its electricity distribution grids and power generation plants at the same time, government officials told Reuters yesterday. The government may decide to accept bids in the two sell-offs until the last quarter of this year, the officials said.

Turkish Exports Soar in Q4

Δευ, 31 Μαρτίου 2008 - 04:25

Turkey’s economic growth probably accelerated in the fourth quarter from a five-year low, as exports hit record levels and farming recovered from a drought. Gross domestic product (GDP) expanded 5.1 percent, up from 3.3 percent in the previous three months, according to the median estimate of eight economists surveyed by Bloomberg. Forecasts ranged from 3.6 percent to 5.5 percent.

Gazprom Sees 2009-'10 Capex At $65B; Cut Investments

Δευ, 31 Μαρτίου 2008 - 03:37

Russian gas monopoly OAO Gazprom's (GAZP.RS) capital expenditure in 2009-2010 will reach $65 billion while its investments will drop significantly, the newspaper Vedomosti reported Monday.

France To Keep Regulated Power Prices After 2010

Δευ, 31 Μαρτίου 2008 - 03:36

France will keep its system of below-market electricity prices beyond 2010, defying pressure from European Union regulators, a person close to the administration of President Nicolas Sarkozy said late Friday.

Lundin Petroleum: Alvheim FPSO Hooked-Up On Alvheim Field

Δευ, 31 Μαρτίου 2008 - 03:34

Lundin Petroleum Monday announces that the Alvheim FPSO has been successfully hooked-up on the Alvheim Field, offshore Norway.

GCC Finishes Nuclear Energy Feasibility Study

Δευ, 31 Μαρτίου 2008 - 03:32

The Gulf Cooperation Council has entered the next stage of its program to develop nuclear power to help it meet soaring energy requirements in the region, GCC Secretary General Abdulrahman Bin Hamad Al Attiyah said Monday.

Polish Regulator To OK PGNiG's 10%-20% Tariff Hike This Week

Δευ, 31 Μαρτίου 2008 - 03:29

Poland's market regulator, Urzad Regulacji Energetyki, or UKE, will approve an increase in natural gas tariffs for the gas monopoly Polskie Gornictwo Naftowe i Gazownictwo SA (PGN.WA), or PGNiG, the Polish Press Agency, or PAP, reported Monday, citing a UKE official.

PV Investment Soars

Παρ, 28 Μαρτίου 2008 - 09:05

Development Minister Christos Folias yesterday froze the submission of more applications for licenses to produce power from photovoltaic systems, as the total capacity of submitted proposals has exceeded the goals of the respective program by far.