English Edition

CNE Could Side With ACS Over Iberdrola Voting Rights

Παρ, 22 Φεβρουαρίου 2008 - 03:19

CNE, the Spanish energy regulator, could reject a request by Spanish utility Iberdrola SA (IBE.MC) to curb the voting rights and stake holding of its top shareholder, Actividades de Construccion y Servicios SA (ACS.MC), Spanish daily ABC reports Friday.

GdF Works Council Further Delays Its View On Suez

Παρ, 22 Φεβρουαρίου 2008 - 03:18

Gaz de France's (1020848.FR) European works council didn't state its opinion on the company's merger with French utility Suez (SZE.FR) during its meeting Thursday, French business daily Les Echos reported Friday.

Gazprom, StatoilHydro, Total To Form Shtokman Development AG

Πεμ, 21 Φεβρουαρίου 2008 - 07:10

Gazprom, Total and StatoilHydro Tuesday said they have signed an agreement to form Shtokman Development AG for phase one of the Shtokman field.

E Europe Gas Transmission Cos To Meet In Mar To Team Up

Πεμ, 21 Φεβρουαρίου 2008 - 05:16

Transgaz of Romania will host the first joint meeting of regional natural gas transmission system operators in Bucharest March 13-14 to discuss the way forward with the recently initiated New Europe Transmission System project by Hungarian gas transmission firm Foldgazszallito Zrt.

Kazakhstan: No Production Sharing Agreements In Future

Πεμ, 21 Φεβρουαρίου 2008 - 03:18

Kazakhstan is planning to abandon production sharing agreements for future natural resource contracts but will respect existing PSA's, Kazakh Prime Minister was quoted by the state news agency Kazinform as saying Thursday.

France's Areva Achieves Carbon Neutrality In 2007

Πεμ, 21 Φεβρουαρίου 2008 - 03:17

Within the scope of a multi-year program to reduce its greenhouse gas emissions, Areva (CEI.FR) is delighted to announce that its activities achieved carbon neutrality in 2007.

Turkey's Park Elektrik Shares Suspended

Πεμ, 21 Φεβρουαρίου 2008 - 03:13

Shares of Turkish energy firm Park Elektrik (PRKTE.IS), a subsidiary of unlisted Ciner Group, were suspended from trade Thursday due to a press report, Ihlas news agency, or IHA, reported, citing the Istanbul Stock Market, or IMKB.

Endesa 2007 Net Profit -9.9%; Comparisons Harsh

Πεμ, 21 Φεβρουαρίου 2008 - 03:11

Spanish power utility Endesa SA (ELE.MC) Thursday said net profit fell 9.9% last year due to unfavorable comparisons with 2006 results that were boosted by extraordinary gains.

RWE, REpower To Negotiate Agreements For Up To 1,900 MW

Πεμ, 21 Φεβρουαρίου 2008 - 03:09

RWE Innogy, RWE AG's (RWE.XE) subsidiary specializing in renewable energies and REpower Systems AG (RPW.XE) have signed a Memorandum of Understanding for the negotiation of framework agreements involving a volume of up to 1,900 megawatts.

Polish Treasury Min: Not Working On PKN Orlen-Lotos Merger

Πεμ, 21 Φεβρουαρίου 2008 - 03:08

Poland's Treasury isn't at present working on any merger between the country's oil refiners PKN Orlen SA (PKN.WA) and Grupa Lotos SA (LTS.WA), Deputy Treasury Minister Krzysztof Zuk said Thursday.

EdF, Iberdrola Ready For Imminent Spanish Energy M&A

Τετ, 20 Φεβρουαρίου 2008 - 05:05

Spain's Iberdrola SA (IBE.MC) and Electricite de France (1024251.FR) Wednesday indicated that they're gearing up for a takeover battle that may reshape Spain's power utility industry, ahead of the general elections to be held here on March 9.

Gazprom Exec: Optimistic Nigeria Deal In The Offing

Τετ, 20 Φεβρουαρίου 2008 - 05:03

Russian gas giant OAO Gazprom (GAZP.RS) is optimistic talks with the Nigerian authorities will result in a deal, a Gazprom executive said Wednesday in Abuja.

Iranian Opposition:Tehran Accelerated Nuclear Weapons Program

Τετ, 20 Φεβρουαρίου 2008 - 05:02

An exiled Iranian opposition group Wednesday said Tehran has accelerated its alleged nuclear weapons program, including the production of nuclear warheads.