Dutch and UK energy exchange operator APX will launch its UK power Day-ahead Baseload auction on 2nd December, ICIS Heren can reveal.Speaking at the EMART conference in Geneva on Wednesday, APX...

US oil and gas producer ATP Oil & Gas said it remained fully committed to the UK Continental Shelf (UKCS), despite the £265 million (EUR 329 million) sale announced on Monday of its Tors and Wenlock...

BP’s replacement cost profit (RCP) was up 148% in the third quarter to a record $10.029 billion (EUR 7.99 billion), on bullish oil and gas prices. This compares with $4,043 billion in Q3 2007. RCP is...

The first exchange traded commodity (ETC) tracking emissions allowances is set to start trading on the London Stock Exchange on Thursday, according to an announcement from ETF Securities, the...

Spain’s Enagas said on Tuesday that it would continue with its planned investments over the next three years, despite the worsening economic climate. A company statement said “the level of financing...

German EWE has become the majority shareholder in Turkish companies Bursagaz and Kayseri Dogalgaz, the Oldenburg-based energy supplier said on Tuesday. EWE increased its stakes in the two companies...

Krümmel and Brunsbüttel offline until 2009 The two German reactors Brunsbüttel and Krümmel will not be reconnected to the grid before 2009, the ministry for social security in the state of...

Four new ventures to market Certified Emission Reductions (CERs) have been announced over the past two days. GDF Suez has struck a deal for project developer Econergy International, active in the US...

French reservoir levels remained at 71% fullness in Week 44, while the spread to last year widened to 7 percentage points, according to the latest data published by French grid operator RTE on...

Total looks almost certain to select the “preferred option” of an onshore gas processing hub at the Sullom Voe terminal for its Laggan and Tormore gas discoveries, a senior source at Total told ICIS...

Dutch TSO Gas Transport Services (GTS) has joined the German secondary capacity trading platform trac-x, the platform operator announced on Wednesday. Secondary GTS Day-ahead capacities can be traded...

German TSO Gasversorgung Süddeutschland (GVS) Netz is planning a new pipeline that would create an additional link between the TENP pipeline and the Stuttgart region, the company has announced. The...

Italian TSO Terna on Tuesday posted a 2.4% year-on-year increase in net profit for the first nine months of 2008, to EUR 299 million. Revenue for the same period climbed 5.5% to EUR 1.04 billion,...

Nord Pool, the Nordic power exchange operator’s nascent Dutch power trading platform has still not registered a single trade, nine months after it was initially set up. The exchange agreed the lack...

UK independent gas storage operator Portland Gas’ plan to construct a major gas storage project in Dorset will face serious issues in raising the £500 million (EUR 629.75 million) required to...

The EU recession could cut emissions by around 30 million tonnes (Mt) of CO2 in 2008 and 40 Mt of CO2 in 2009, due to lower industrial production, according to analysts at French bank Societe...

Opus Energy, a UK business power supplier, has said that its online tool Opus Evolution has increased its customer base by 3,000 and is responsible for 25% of the company’s turnover.Last week, Opus...

Available Spanish hydro stocks fell for the seventeenth consecutive week in Week 44, to 7,439 GWh (41.6% full), down from 7,483 GWh (41.8% full) last week, according to the latest data published on...

The third compressor at the Anna Paulowna compressor station, at the Dutch end of the BBL pipeline, is due to become fully operational on 1st November, pipeline operator BBL Company confirmed to ICIS...

Wingas, one of the largest gas trading companies in Europe, which is based in Germany, has reported a sharp decline in profits, according to Gazprom’s Q1 results report. The Russian incumbent...