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News Archive

Gas

August NBP Heren Index steady at 16.78 p/th; Zeebrugge dips to 19.40 p/th

The August ’03 Heren NBP Index —16.780 p/th — marks a slight 0.008 p/th fall from July’s Index of 16.788 p/th, but a significant 4.041 p/th rise on the August ’02 Index.The volume used to calculate...

31 Jul 2003 00:00 | ESGM

Gas

Bayerngas, GVS, Saar Ferngas form gas transport management company

Southern German-based interregional gas companies Bayerngas GmbH (Munich), Gasversorgung Süddeutschland GmbH (Stuttgart), and Saar Ferngas AG (Saabrücken), have established a joint gas transport...

31 Jul 2003 00:00 | ESGM

Gas

BP named as one buyer of Ruhrgas auction gas, record volumes under TTF

British BP’s selling behaviour on the TTF market on Thursday has given rise to speculation the company might have participated in the gas auction of Germany’s Ruhrgas.“One seller has made a massive...

31 Jul 2003 00:00 | ESGM

Gas

Centrica pledges £500 million in investment for renewables

Multi-utility Centrica signalled a major investment into renewable generation in its interim results announced earlier on Thursday, the first time it has published details on money earmarked for...

31 Jul 2003 00:00 | ESGM

Gas

Centrica posts 11% rise in first-half operating profit

British multi-utility Centrica plc posted underlying operating profit (i.e. before exceptional items and goodwill amortisation) of £694 million for the first six months of 2003, up 11% year-on-year,...

31 Jul 2003 00:00 | ESGM

Gas

Centrica’s South Morecambe work will have “limited impact” on field life

British multi-utility Centrica’s reporforation campaign on four wells at South Morecambe will have “limited impact” on the life of the field, a spokesman told The Heren Report on Thursday.According...

31 Jul 2003 00:00 | ESGM

Gas

DTI awards North Sea licences to 27 newcomers — 21st offshore round

Some 88 North Sea licences were offered to 62 companies on Thursday as a result of the 21st Offshore Licensing Round, the Department of Trade and Industry (DTI) said in a statement.A record 27 of...

31 Jul 2003 00:00 | ESGM

Gas

French energy watchdog outlines new gas transport tariffs for 2004

French energy regulator CRE has submitted its tariff proposal for using gas transport networks and LNG terminals to the government. It submitted the proposal to the economic and energy ministers. The...

31 Jul 2003 00:00 | ESGM

Gas

German consumer group welcomes move to entry-exit model

The German association for industrial energy users (VIK) has described the decision by German network operator BEB Erdgas und Erdöl GmbH to introduce an entry-exit model on its system as...

31 Jul 2003 00:00 | ESGM

Gas

German E.On poised to sell Gelsenwasser stake to two municipal utilities

Germany’s largest utility E.On said on Thursday that a joint venture of the municipal utilities of Dortmund and Bochum had emerged as the successful bidder for its 80.5% stake in water and energy...

31 Jul 2003 00:00 | ESGM

Gas

Independent gas producer Consort purchased by Caledonia Oil & Gas

Consort Resources, the UK independent gas producer established three years ago by former energy minister Colin Moynihan and veteran negotiator Jonathan Legg, has been sold to Caledonia Oil & Gas for...

31 Jul 2003 00:00 | ESGM

Gas

Interconnector resumes flows as planned after five-hour shutdown

The Interconnector pipeline linking the UK with Belgium began flowing again at 14:00 BST as planned following a five-hour shutdown to allow UK system operator Transco to clean filters in the NTS...

31 Jul 2003 00:00 | ESGM

Gas

Interim solution to Blue Stream dispute will see flows resume August

Turkey has agreed to resume flows through the Blue Stream sub-sea pipeline on 1st August at the originally agreed price, according to unconfirmed local media reports. Under the take-or-pay terms in...

31 Jul 2003 00:00 | EGM

Gas

NEWS briefs

Companies Results – Spain’s dominant gas supplier, Gas natural reported a 45% drop in first-half profit to EUR 305.8 on the impact of liberalisation in its home market, notably the reduction of its...

31 Jul 2003 00:00 | EGM

Power

Nordic outages: Skaerbaekværket 3 to return online a week early

The return online of Elsam’s Skaerbaekværket blok 3 gasfiredunit (386 MW) has been brought forward by a week to 17th August, according to revised start-up information from Nordic power exchange on...

31 Jul 2003 00:00 | EDEM

Gas

People in the gas industry

Christophe de Margerie has been appointed president of exploration and production at TotalFinaElf following the decision of the current president, Jean- Luc Vermeulen, to retire on 1st September....

31 Jul 2003 00:00 | EGM

Gas

Russia unwilling to free Gazprom shares without full control of firm

The Russian government is unwilling to liberalise Gazprom’s share market unless it is sure it has full control over the company, says Moscow-based Alfa Bank in a research note. The government holds...

31 Jul 2003 00:00 | EGM

Gas

RWE shareholders to meet end of August

Municipal shareholders in Germany’s second biggest utility’s gas unit will reportedly meet RWE management again at the end of August to talk about the utility’s plans to merge RWE Gas into a new...

31 Jul 2003 00:00 | ESGM

Gas

Spain’s Gas Natural posts 45% fall in first-half profit on free market sting

Spain’s former gas monopoly, Gas Natural, on Thursday reported a 45% drop in first-half profit to EUR 305.8 on the impact of liberalisation in its home market, notably the reduction of its 100% stake...

31 Jul 2003 00:00 | ESGM

Power

UK outages: 485 MW Fiddler’s Ferry 1 returns to grid

A total of 13,856 MW of power plant capacity was offline in the UK on Thursday, according to data from Elexon, the Balancing and Settlement Code company. This marks a slight drop from the 14,341 MW...

31 Jul 2003 00:00 | EDEM

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