Ofgem has decided not to implement this modification on the grounds that it would not facilitate the pursuit of Transco’s objectives under its relevant Gas Transporter licence.

The initial modification proposal 0684 was raised by BP Gas Marketing, while the draft modification 0684a was raised by Transco in response to BP’s submission. The purpose of both proposals is to...

US-based oil and gas company Amerada Hess has posted first quarter earnings of $281 million (EUR 237.5 million) - up approximately 60% year-on-year - with asset disposals, higher gas and oil prices,...

Scottish and Southern Energy (SSE) has acquired the assets of Atlantic Electric and Gas, the UK-based energy supplier currently in administrative receivership. SSE paid £90.7 million to the receivers...

Germany needs to ensure a future energy mix that includes coal-fired and gas-fired generation together with renewable energy sources, according to Eberhard Meller, head of German association of...

US-based oil and gas company ConocoPhillips has recorded a 32% increase in its first quarter earnings compared with the same period last year to reach $1.616 billion (EUR 1.37 billion), while...

Germany’s delaying of the implementation of an energy regulator, confirmed yesterday, has met with mixed response. Spokeswomen for E. On Netz and RWE Net, among those companies threatened by a...

Germany’s delaying of the implementation of an energy regulator, confirmed yesterday, has met with mixed response. Spokeswomen for E. On Netz and RWE Net, among those companies threatened by a...

German utility E.ON is selling Ruhrgas Industries, the industrial business unit of its gas subsidiary Ruhrgas, as part of its strategy of shedding non-core divisions, ceo Dr Wulf H. Bernotat said at...

Endesa’s core business of Spanish electricity generation and supply led the first quarter results in a strong showing all round, the group said on Wednesday. Operating profit rose 18% to EUR 1.02...

Environmental group the World Wildlife Fund (WWF) has accused the UK government of “listening to the loudest voices in industry” in establishing its emission limits under the EU Emissions Trading...

French power trading resulted in the market moving bearishly in the prompt and front curve, but some strength was witnessed in August and Q3 ’04. The market was driven strongly by prompt weather,...

German utility E.ON has reiterated its strategy to double its share on Italy´s gas distribution market to 10%, underpinned by a number of planned acquisitions in northern Italy. “We plan to steadily...

Trianel European Energy Trading, the energy trading cooperation representing 26 German and Dutch municipal utilities (Stadtwerke), is pondering the possibility of investing in gas-fired power...

Trianel European Energy Trading, the energy trading cooperation representing 26 German and Dutch municipal utilities (Stadtwerke), is pondering the possibility of investing in gas-fired power...

Operating profit at Germany’s Vattenfall Europe rose 12.6% to EUR 305 million in the first quarter 2004, according to the firm’s latest published results. The firm attributed the rise to higher...

Buying interest for long-term storage contracts at the UK’s Rough facility is picking up, according to owner Centrica Storage Limited (CSL). During the sales round for the next storage year...

Norwegian reservoir levels increased by 2.8 percentage points in Week 17, according to the latest data supplied by the Nordic power exchange, Nord Pool. Norwegian reservoir levels climbed to 27.6%...

Royal Dutch/Shell is to launch a $2 billion (EUR1.69 billion) share buy-back programme “with immediate effect” as a consequence of strong oil and gas prices, a move that follows a similar strategy...

Swiss power production rose 0.4% to 65.3 TWh in 2003, according to the Swiss federal office of energy (SFOE). Of this hydro power generation decreased 0.2% to 36.5 TWh. Generation based on...