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Netherlands, Germany Allow Cross-border Gas Capacity Booking

Δευ, 18 Φεβρουαρίου 2008 - 03:50

Dutch and north German gas network operators Monday launched a service to allow cross-border gas pipeline capacity booking for the first time, the companies said in a statement.

Gazprom Neft Develops Associated Gas Utilization Program

Δευ, 18 Φεβρουαρίου 2008 - 02:34

Russian oil producer OAO Gazprom Neft (SIBN.RS) said Monday it has approved a mid-term associated gas utilization program until 2010.

Rosneft, Gazprom Could Work Together On Sakhalin-3

Δευ, 18 Φεβρουαρίου 2008 - 02:31

Russian state-owned energy producers OAO Gazprom (GAZP.RS) and OAO Rosneft (ROSN.RS) could work together to develop the Sakhalin-3 energy project, the Kommersant daily reported Monday, citing Rosneft Chief Executive Sergei Bogdanchikov.

Sibir Energy: Koltogorsky Exploration Program Unveiled

Δευ, 18 Φεβρουαρίου 2008 - 02:28

Sibir Energy Monday announced its 2008 exploration program for the 8 Koltogorsky Exploration blocks in the Khanty Mansiysk District of Western Siberia, designed to quickly establish the commercial viability of these licenses and establish the official reserves base for future development.

RWE AG Separates Function Of Corp Devt From M&A

Δευ, 18 Φεβρουαρίου 2008 - 02:25

To maintain the focus on sustainable growth, RWE AG is driving forward the centralisation of key Group functions, the company said Monday.

Rosneft CEO: Oil Output Seen Up 50% By 2020

Παρ, 15 Φεβρουαρίου 2008 - 06:15

Russian state-controlled oil major OAO Rosneft (ROSN.RS) will increase oil output 50% by 2020 thanks to aquisition and organic growth, Chief Executive Sergei Bogdanchikov said Friday at an economic forum in the Siberian city of Kransoyarsk, Prime-Tass reported.

Lukoil Acquires Two Retail Networks With 148 Outlets

Παρ, 15 Φεβρουαρίου 2008 - 06:14

Russia's second-biggest oil producer OAO Lukoil (LKOH.RS) Friday said it had completed the acquisition of two Moscow-based retail networks, Grand and Mega-Oil M.

OGK-1 Approves TNK-BP Pact; TNK-BP To Enter Wholesale Pwr Mkt

Παρ, 15 Φεβρουαρίου 2008 - 06:12

Russian wholesale generation company OAO OGK-1 (OGKA.RS) said Friday its board of directors has approved an agreement with TNK-BP Holding (TNBP.RS), which will enable the oil company to use its associated gas and enter the wholesale electricity market.

OPEC Report Hints Output Cut Needed If Supply Rise Continues

Παρ, 15 Φεβρουαρίου 2008 - 06:11

The Organization of Petroleum Exporting Countries said Friday weakening world economic growth and demand prospects and ongoing increases in U.S. and European crude and gasoline inventories could soon force the producer group to pare back its own production to avert a drop in crude prices.

Iberdrola Talks To La Caixa To Prevent EdF Entry

Παρ, 15 Φεβρουαρίου 2008 - 03:49

Iberdrola SA's (IBE.MC) Chairman Ignacio Sanchez Galan has met the top brass of Catalan savings bank La Caixa, which controls gas supplier Gas Natural SDG SA (GAS.MC), in an effort to prevent a hostile takeover approach from Electricite de France (1024251.FR), local daily El Mundo reports Friday, citing sources close to La Caixa.

Gazprom 3Q IFRS Net Profit As Volumes Fall, Costs Jump

Παρ, 15 Φεβρουαρίου 2008 - 03:48

Russian gas monopoly OAO Gazprom (GAZP.RS) Friday said nine-month net profit fell 3.4% on the year due to unusually warm weather and rising operating costs.

Enel Says Owns Over 50% Of OGK-5 From Prelim Tender Results

Παρ, 15 Φεβρουαρίου 2008 - 03:47

Enel SpA (ENEL.MI), Italy's biggest utility by market value, said Friday that according to preliminary results it owns more than 50% of OAO OGK-5 (OGKE.RS) following the end of its tender bid for the Russian electricity generator.

MOL Sees Favorable '08 Environment,Eyes Further Acquisitions

Παρ, 15 Φεβρουαρίου 2008 - 03:45

Hungarian oil and gas company MOL Nyrt. (MOL.BU) expects its operating environment to remain largely favorable in 2008 with only petrochemical margins undergoing a slight softening, the company said Friday.