English Edition

EnBW, Labor Union Agree On 4.35% Wage Hike After Strikes

Τρι, 1 Απριλίου 2008 - 06:55

Utility Energie Baden-Wuerttemberg AG (EBK.XE) said Tuesday it has reached an agreement with workers over higher wages in the southern German state of Baden Wuerttemberg.

Shell Enters Rosneft, CNPC Refinery Project In China

Τρι, 1 Απριλίου 2008 - 06:53

Royal Dutch Shell (RDSA.LN) will enter a joint venture between Russia's top oil producer OAO Rosneft (ROSN.RS) and China's state oil company China National Petroleum Corp., or CNPC, a Rosneft spokesman said Tuesday.

Chevron, Tatneft In Talks Over Bitumen Production

Τρι, 1 Απριλίου 2008 - 06:52

U.S. oil major Chevron (CVX) and OAO Tatneft (TATN.RS), Russia's sixth-largest oil producer by volume, are in talks on developing heavy-oil projects in Russia's Tatarstan region, the two companies said Tuesday.

New Balkan Nuclear Plants Could Supply Italy:Tremonti

Τρι, 1 Απριλίου 2008 - 06:51

New nuclear power plants across the Adriatic Sea could be available to supply energy-hungry Italy, according to politician Giulio Tremonti, quoted in daily Il Sole-24 Tuesday.

EDF Energies Nouvelles Enters Strategic Partnership With Nanosolar

Τρι, 1 Απριλίου 2008 - 06:50

EDF Energies Nouvelles (EEN.FR) said Tuesday it has signed a photovoltaic panel supply master agreement with Nanosolar and a $50 million investment in the company via EDF Energies Nouvelles Reparties.

Power Cuts from May?

Τρι, 1 Απριλίου 2008 - 06:32

Electricity consumers can expect long power cuts from May in order to avert a blackout this summer, when temperatures will be higher and the resulting problems much greater.

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.