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DJ Lukoil, KazMunaiGaz To Start Atash Drilling In April

DJ Lukoil, KazMunaiGaz To Start Atash Drilling In April

Πεμ, 6 Μαρτίου 2008 - 03:29

Russian oil major OAO Lukoil (LKOH.RS) and Kazakhstan's state-owned oil and gas company KazMunaiGaz will start drilling the first exploration well at the Atash field in Kazakhstan in April, news agency Prime-Tass reported Thursday citing Lukoil's deputy Chief Executive Ravil Maganov.

E.ON CEO Says Grid Sale Plan Is Entrepreneurial Decision

E.ON CEO Says Grid Sale Plan Is Entrepreneurial Decision

Πεμ, 6 Μαρτίου 2008 - 03:24

E.ON AG (EOA.XE), the world's largest investor-owned utility by market value, Thursday said its proposal to sell its German high-voltage power transmission grid was an "entrepreneurial" decision.

Enel Mulling Setting Up Renewables Co For IPO

Enel Mulling Setting Up Renewables Co For IPO

Πεμ, 6 Μαρτίου 2008 - 03:22

Enel SpA (ENEL.MI) is studying the possibility of setting up a new company that will hold its renewable energy assets, in a move already made by some of its biggest rivals, Italian daily MF reports Thursday, without citing sources.

Greeces PPC Extends Rolling Blackouts Due To Strike

Greece's PPC Extends Rolling Blackouts Due To Strike

Πεμ, 6 Μαρτίου 2008 - 03:18

Greece's dominant electricity utility, Public Power Corporation SA (PPC.AT), extended rolling blackouts early Thursday as an ongoing strike by workers over pension reform dragged into a fourth day.

DJ Rosneft In Talks With China To Extend Pact For 5 Yrs

DJ Rosneft In Talks With China To Extend Pact For 5 Yrs

Πεμ, 6 Μαρτίου 2008 - 03:17

Russian oil major OAO Rosneft (ROSN.RS) is in talks with China on extending its current supply contract for five more years, the newspaper Kommersant reports Thursday, citing an unnamed source familiar with the matter.

Sofia to Raise 2020 Green Energy Usage

Sofia to Raise 2020 Green Energy Usage

Πεμ, 6 Μαρτίου 2008 - 02:10

Bulgaria hopes to increase the share of renewable energy to 16 percent of total annual power consumption by 2020, the state power monopoly NEK said yesterday.

EU Blast at Unfair Power Competition

EU Blast at Unfair Power Competition

Πεμ, 6 Μαρτίου 2008 - 02:07

The European Commission charged yesterday that Greece broke EU law by giving state-owned utility Public Power Corporation (PPC) “quasi-exclusive” rights to soft coal.

Blackout Risk at Any Moment

Blackout Risk at Any Moment

Πεμ, 6 Μαρτίου 2008 - 02:03

Greece remains today under the threat of a blackout, following the third day of strike action by Public Power Corporation (PPC) employees which caused extensive power cuts in many areas across the country yesterday.

EU Energy Chief, EU Gas Cut In Ukraine-Gazprom Dispute A Threat

EU Energy Chief, EU Gas Cut In Ukraine-Gazprom Dispute A Threat

Τετ, 5 Μαρτίου 2008 - 04:59

European Union Energy Commissioner Andris Piebalgs said Tuesday that he believed gas supply cuts to the E.U. are a "real threat" given the escalation of the dispute between Russia's Gazprom OAO (OGZPY) and Ukraine.

German Regulator Starts Gas Price Probe Vs 35 Cos

German Regulator Starts Gas Price Probe Vs 35 Cos

Τετ, 5 Μαρτίου 2008 - 04:57

The German cartel office said Wednesday it has started an investigation of 35 gas providers on suspicion of improperly inflated natural gas prices for both industrial and private household customers.

Terna Urges Lawmakers To Speed Up Lines Permits For Wind Pwr

Terna Urges Lawmakers To Speed Up Lines Permits For Wind Pwr

Τετ, 5 Μαρτίου 2008 - 04:54

Terna SpA (TRN.MI), Italy's biggest electricity grid by capacity Wednesday urged the country's central and local governments to speed up approving new power lines to help the growth of electricity generated from wind.

EU Asks Greece To Improve Electricity Market Competition

EU Asks Greece To Improve Electricity Market Competition

Τετ, 5 Μαρτίου 2008 - 03:08

The European Commission Wednesday asked Greece to improve competition in its electricity sector by giving companies fairer access to lignite, used to generate the bulk of local electricity.