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News Archive

Power

Curve and prompt bearish on strong hydro, Cal off on the day

Both curve and prompt prices came off for a second consecutive day in the French power market, as excellent hydro levels ensured security of supply and left two large players long. With reservoirs...

28 Oct 2004 00:00 | EDEM

Power

Drax Unit 3 offline until Christmas

Drax Group, the operator of the UK’s largest power station, said on Thursday that Unit 3 of the 4,000 MW North Yorkshire plant would remain offline until Christmas 2004. The 645 MW Drax unit was...

28 Oct 2004 00:00 | EDEM

Power

E.On signs Bulgarian deal and pushes ahead with growth strategy

German energy major E.On signed an agreement with the Bulgarian government on Thursday enabling it to buy majority stakes in two regional utilities Gorna Oryahovitza and Varna. Under the terms of the...

28 Oct 2004 00:00 | EDEM

Power

Endex Dutch power futures exchange launch delayed by “a few weeks”

Endex, the Dutch OTC electricity clearing service, said this week that it had been forced to postpone the launch of its futures exchange platform, scheduled for 29th October, by “a few weeks”. In a...

29 Oct 2004 00:00 | EDEM

Gas

ENI finalises offer for Swiss Transitgas capacity to Italian border

ENI, Italy’s dominant gas company, has finalised its offer of spare capacity through Switzerland to the Italian border. It is offering five lots of 10,000 cubic metres per hour from Wallbach on the...

29 Oct 2004 00:00 | ESGM

Gas

Exxon Mobil Q3 result soars 55.6% on record crude prices to $5.68 billion

Exxon Mobil has reaped net profits of $5.68 billion in the third quarter this year, up 55.6% from the same period in 2003. Without a special charge of $550 million for the Allapattah lawsuit, third...

28 Oct 2004 00:00 | ESGM

Power

German Stadtwerke push for historical basis for writing off investment costs

The German association of Stadtwerke, VKU, has called for political fractions in the national lower house of Parliament (Bundestag) not to move away from the principal of a historically...

28 Oct 2004 00:00 | EDEM

Gas

Half of Total’s gas release volume sold at auction - buyers EDF and Iberdrola

Only half of the gas offered for sale in the southwest of France by Total on Wednesday was sold, French regulator CRE confirmed on Thursday.The buyers were French power company EDF and Spanish...

28 Oct 2004 00:00 | ESGM

Power

Half of Total’s gas release volume sold at auction - buyers EDF and Iberdrola

Only half of the gas offered for sale in the southwest of France by Total on Wednesday was sold, French regulator CRE confirmed on Thursday. The buyers were French power company EDF and Spanish...

28 Oct 2004 00:00 | EDEM

Gas

More CCGTs and rising gas volumes lift Enagas Q3 profit 8%

Spanish gas transport group Enagás reported an 8% rise in net profit to EUR 40 million in the third quarter in its results released on Thursday.Volumes transported during the first nine months...

28 Oct 2004 00:00 | ESGM

Power

New UK global energy strategy stresses supply security and climate change

The UK has announced its plans for an international energy strategy, with the issues of tackling climate change and obtaining secure and affordable energy supplies at its core. Speaking on the...

29 Oct 2004 00:00 | EDEM

Gas

Norsk to boost Oseburg reserves by 40m barrels

Norway’s Norsk Hydro and its partners in the North Sea’s Oseberg field will invest NOK 1.9 billion (EUR 233 million) to extend its life by five to ten years and raise recoverable reserves by 40...

29 Oct 2004 00:00 | ESGM

Gas

RWE npower Pembroke CCGT plan still embryonic – project manager

RWE npower’s plans for a 2,000 MW CCGT on the site of its old oil-fired plant in Pembroke, Wales are still at the tentative stage and dependent upon a range of factors — including the development of...

29 Oct 2004 00:00 | ESGM

Power

RWE npower Pembroke CCGT plan still embryonic – project manager

RWE npower’s plans for a 2,000 MW CCGT on the site of its old oil-fired plant in Pembroke, Wales are still at the tentative stage and dependent upon a range of factors — including the development of...

29 Oct 2004 00:00 | EDEM

Power

RWE npower ponders Wales CCGT, denies “blocking” move

RWE npower, the UK energy subsidiary of Germany’s RWE, is considering the construction of a large-scale gas-fired power plant in south west Wales. The company submitted an application to the National...

28 Oct 2004 00:00 | EDEM

Gas

UK government under fire over amended emissions targets

Following the UK government’s decision on Wednesday to increase its emission allowance allocation under the EU Emissions Trading Scheme (EU-ETS) by approximately 3% (see ESGM 10.209), the move has...

28 Oct 2004 00:00 | ESGM

Power

UK government under fire over amended emissions targets

Following the UK government’s decision on Wednesday to increase its emission allowance allocation under the EU Emissions Trading Scheme (EU-ETS) by approximately 3% (see ESGM 10.209), the move has...

28 Oct 2004 00:00 | EDEM

Gas

UK launches global energy strategy, stresses supply security and climate change

The UK has announced its plans for an international energy strategy, with the issues of tackling climate change and obtaining secure and affordable energy supplies at its core. Speaking on the...

29 Oct 2004 00:00 | ESGM

Power

VDEW chief slams regulatory attempts

The German government has obviously abandoned its goal of promoting competition in the electricity market with a streamlined and efficient regulatory authority, Werner Brinker president of the German...

28 Oct 2004 00:00 | EDEM

Gas

Wingas extends contract with Gazexport – report

Wingas and WIEH, the German- Russian joint ventures of oil and gas producer Wintershall and Gazprom respectively, have this week reportedly signed an extension of their existing gas supply...

29 Oct 2004 00:00 | ESGM

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