EnergieAllianz, the Austrian company that bundles the activities of six regional utilities — EVN AG, Wien Energie GmbH, Energie AG, Bewag Begas AG, and Linz AG — has posted turnover of EUR 1,511...

Austria’s largest power producer and transporter, Verbund, has reported a net profit of EUR 96.7 million for the first quarter of 2005, representing an increase of 95.7% on the same period in 2004....

British Energy is on course to meet its output target for 2005-2007, the UK nuclear generator said on Monday. The company said that it expects its nuclear output to average 63 TWh in the financial...

The German national registry for carbon trading (DEHst) in Berlin has been unable to process carbon rights since last Wednesday following an error in European central registry office for carbon...

Czech utility Cez announced on Tuesday it had restarted the first reactor at its nuclear power plant Temelin — following an over three-week shutdown for a turbine fault. The 1,000 MW reactor should...

US-based global energy major ConocoPhillips outperformed most analysts’ expectations in the first quarter this year, achieving net profits of $2.91 billion (EUR 2.24 billion), up 80% year-on-year....

Continental gas prices softened on Wednesday, dragged down by the bearish NBP, forecasts of significantly milder weather and the softness of international oil markets. Oil prices fell sharply on the...

The European Commission gave its approval on Tuesday to the acquisition of a majority stake in the leading Slovak utility Slovenske Elektrarne (SE) by Italian Enel, deeming the merger safe to...

France’s annual energy bill increased a staggering 24% year on year in 2004 — compared with a 5.4% increase in 2003 — according to the country’s Industry minister Patrick Devedjian, speaking at a...

France’s annual energy bill increased a staggering 24% year on year in 2004 — compared with a 5.4% increase in 2003 — according to the country’s Industry minister Patrick Devedjian, speaking at a...

French finance minister, Thierry Breton announced on Wednesday that gas incumbent GDF could raise its tariffs for domestic users by 7.5% in July. Speaking on a French radio station, the minister...

Russian Gazprom is in talks with Dutch Nederlandse Gasunie over a potential cooperation in the construction of the North European gas pipeline, which would also include German chemical group BASF, it...

Upstream projects in the North Sea as well as potential LNG options are poised to play an increasing role in the gas procurement strategy of German utility major E.On following the group´s initial...

The future head of the federal network agency and current president of the regulatory authority in Germany RegTP Matthias Kurth, has called for a clear separation of responsibility between the...

US-based oil and gas company Amerada Hess reported a 22% year-on-year fall in net income for the first quarter of the year on Wednesday, despite a 3% increase in output to 358,000 barrels of oil...

An LNG terminal 12 miles offshore from the Tuscan port of Livorno has passed a major hurdle in Italy’s lengthy planning process, the backers said this week. The OLT Livorno scheme, backed by Swedish...

Powernext Futures, the French electricity exchange for forward contracts, posted a new weekly high of 2.72 TWh (2,716,230 MWh) of power dealt on the exchange on the exchange in the week 11th to 15th...

Gas in store levels at the Centrica-operated Rough storage facility were at just under 43% of capacity on Monday, according to the latest figures released by Transco on Wednesday. Meanwhile,...

Swiss hydropower reservoir levels decreased by 1.4 percentage points last week to 11.3% fullness, according to data from the country’s federal energy office, the BFE. Levels during Week 17 (18th...

Swedish power supplier Vattenfall Group posted steady gains in overall sales in its first quarter results reported on Tuesday. Total net sales for the Swedish group (German, Nordic and Polish...