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News Archive

Power

Bruce Farmer to retire as Scottish & Southern Energy chairman

Bruce Farmer will retire as chairman of Scottish & Southern Energy (SSE) at the end of 2004, the company announced at its Annual General Meeting on Thursday. He will be succeeded by Sir Robert...

29 Jul 2004 00:00 | EDEM

Power

Cal ’05 rebounds as market falls

Dutch power prices fell back for the second week running with only Cal ’05 Baseload going against the trend. The Cal ended the week at EUR 40.45-40.55/MWh, up EUR 0.85/MWh from the previous Friday....

30 Jul 2004 00:00 | EDEM

Power

Calendar ’05 Baseload ticks up on back of German rises

On the curve, French Calendar ’05 Baseload ticked up nearly EUR 0.30/MWh to EUR 33.20-33.30/MWh on the back of similar rises in Germany. With coal and oil prices continuing to rise, the move to buy...

29 Jul 2004 00:00 | EDEM

Gas

Carbon market review: Prices largely unchanged as trading remains healthy

Prices have drifted down this week as the bullish sentiment that pushed the price for 2005 emission allowances to EUR 8.70 per tonne of carbon dioxide equivalent (tCO2e) at the end of last week ran...

30 Jul 2004 00:00 | ESGM

Power

Endesa buys wind farm in Italy

Endesa Italia has bought a 20 MW wind farm from Gamesa Energia for EUR 23.68 million. The Parque Eolico de Florinas farm in Sardinia came on-line at the beginning of 2004, has an installed capacity...

29 Jul 2004 00:00 | EDEM

Gas

Explosion on Belgium to France transit pipeline leaves several dead

An explosion on the high pressure transit pipeline from Zeebrugge in Belgium to the French border on Friday morning has left several dead and hundreds injured. Fluxys, operator of the pipeline, said...

30 Jul 2004 00:00 | ESGM

Gas

ExxonMobil posts record Q2 earnings, European production strong

US-based oil and gas major ExxonMobil has posted second quarter earnings of $5.79 billion (EUR 4.81 billion), representing a 39% year-on-year increase. This figure, excluding accounting changes and...

30 Jul 2004 00:00 | ESGM

Power

German outages: Unterweser offline due to repairs

The northern German 1,410 megawatt (MW) Unterweser nuclear plant was switched off late on Wednesday for repairs, operator utility E.ON said. The company attributed the fault to a leak in a measuring...

30 Jul 2004 00:00 | EDEM

Power

International Power, Mitsui buy EME’s non-US generation for £1.3 billion

UK-based generator International Power said on Friday that it had acquired the international generation portfolio of Edison Mission Energy (EME) for a total purchase price of £1.3 billion. The...

30 Jul 2004 00:00 | EDEM

Power

Italian consumption rises by 3.2% in 2003

A cold winter and a warmer-than average summer in 2003 led to a 3.2% year-on-year rise in Italian electricity consumption to 320.7 TWh according to grid operator GRTN. Stripping out the climate...

29 Jul 2004 00:00 | EDEM

Power

Market mixed as Pool price rises

The Spanish financial market was mixed this week as the Pool strengthened to a maximum of EUR 38.00/MWh mid-week. Two 10 MW trades in Cal ’05 Baseload at EUR 31.25/MWh and EUR 31.35/MWh showed some...

30 Jul 2004 00:00 | EDEM

Gas

NEWS briefs

CompaniesResults - Norwegian industrial group Norsk Hydro’s Q2 ‘04 earnings for the Oil and Energy division were boosted by higher average realised oil prices from $25.50 per barrel to $34.70/bbl and...

29 Jul 2004 00:00 | EGM

Gas

Norwegian maintenance begins, Troll field shut until 11th August

Norwegian offshore maintenance has kicked in at the end of this week, increasing demand on Britain’s NBP market, sources said. Traders have been aware for some time that Norwegian maintenance...

30 Jul 2004 00:00 | ESGM

Power

Ofgem seeks views on BETTA transmission price controls

British energy regulator Ofgem has published its latest consultation document on the planned rollout of the British Electricity Trading and Transmission Arrangements (BETTA), which are due for...

30 Jul 2004 00:00 | EDEM

Power

Prompt outlook bearish, but curve rises on bullish oil and coal prices

Spot contracts recovered from early lows on Friday, amid reports of late buying from two producers, while the curve posted further gains on the back of continued bullishness in crude oil and coal...

30 Jul 2004 00:00 | EDEM

Gas

Spanish Jan-June gas sales up by over 16% year-on-year

Total gas sales in Spain for the first six months of 2004 increased by 16.7% year-on-year to reach 158,570 GWh, according to the Spanish gas association Sedigas. Sales in the liberalised market...

30 Jul 2004 00:00 | ESGM

Power

SSE buys AEP’s Fiddler’s Ferry and Ferrybridge plants for £136 million

Scottish and Southern Energy (SSE) has acquired the Fiddler’s Ferry and Ferrybridge coal-fired power plants, along with 1.6 million tonnes of associated coal stocks from AEP for £136 million in cash....

30 Jul 2004 00:00 | EDEM

Gas

Talisman Q2 net profit down 2.5%, production up 20%

Talisman, the independent North American producer, reported a slight drop in net profits to $197 million (EUR 164 million) in the second quarter. Although this is down 2.5% year-on-year, the second...

30 Jul 2004 00:00 | ESGM

Gas

UK Network Notes - Modification Proposal: “Obligation on Transco to publish TFA data” Network Code Modification Reference 0593

Ofgem has directed Transco not to implement this modification proposal on the grounds that it couldcompromise Transco’s confidentiality clauses pertaining to the disclosure of offshore...

30 Jul 2004 00:00 | ESGM

Power

UK suppliers on target for energy efficiency commitments - Ofgem

UK gas and electricity suppliers are on course to meet the government’s targets under the Energy Efficiency Commitment (EEC), regulator Ofgem said on Thursday. Since 2002 47 TWh of energy – enough to...

29 Jul 2004 00:00 | EDEM

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