US-based oil and gas company Amerada Hess has posted second quarter net income of $288 million (EUR 158.0 million) - up approximately 14% year-on-year - with asset disposals, higher gas and oil...

A book championing the virtues of laziness in the workplace has got an Electricite de France economist into hot water. Corinne Maier’s book, Bonjour Paresse (Hello Laziness), argues that the best way...

Martin Bosman has been appointed managing director of BBL Company V.O.F., the joint venture between Germany’s E.ON-Ruhrgas, Belgian gas transport company Fluxys, and Dutch incumbent N.V. Nederlandse...

UK energy company Centrica posted a 10% increase in its operating profit for the first six months of the year compared with 2003, to reach £763 million (EUR 1.15 billion) including joint ventures and...

The Czech state has taken full control of the domestic power grid CEPS after buying the 34% that it didn’t already own from electricity producer CEZ for CZR 6.5 bn (EUR 206 mn). The state plans to...

Spain’s largest utility Endesa on Wednesday reported a 45.8% year-on-year rise in first half profits to EUR 205 million. The group said that the increase was mainly down to higher demand and higher...

Eni’s programme to release 2.3 billion cubic metres (Gm3) of gas at the Italian/ Austrian border over the next fours years is unlikely to materially improve competitors’ chances against Eni or result...

Four bidders remain in the race to acquire control of two gas utilities being privatised by the Romanian government, according to local reports citing the national economy ministry. Germany’s E.ON...

Germany’s cabinet on Wednesday proposed a draft law for the creation of a separate state body to supervise the country’s 1,700 power and gas network operators. The economics ministry’s announcement...

Germany’s cabinet on Wednesday proposed a draft law for the creation of a separate state body to supervise the country’s 1,700 power and gas network operators.The economics ministry’s announcement...

Norwegian reservoir levels increased by 2.2 percentage points in Week 30, according to the latest data supplied by the Nordic power exchange, Nord Pool. Norwegian reservoir levels rose to 67.5%...

Day-ahead Peaks continued to look rangebound on Wednesday, although some players said that prices were standing up well, given that Thursday consumption levels tend to be lower. The Day-ahead Peaks...

Royal Dutch/Shell has become the first energy company to conduct an EU ETS (Emissions Trading Scheme) trade based on the International Swaps and Derivatives Association (ISDA) master agreement. Shell...

Anglo Dutch energy major Shell announced on Thursday a 54% rise in Q2 ’04 net income, to $4 billion (EUR 3.3 billion) from $2.6 billion in Q2 ’03. The company’s Gas and Power (G&P) division reported...

Norwegian oil and gas major Statoil has started selling locally– sourced LNG in Turkey through its newly established joint venture Koc Statoil Gaz. Koc Statoil Gaz, a 50:50 joint venture between...

Norwegian oil and gas group Statoil is to face a criminal investigation by the US Department of Justice over the Iranian Horton Investments corruption scandal. The investigation will be conducted...

Swiss hydropower reservoir levels increased by 6.7 percentage points last week to an average of 62.1% fullness, according to data from the country’s federal energy office, the BFE. Levels during Week...

Modification Reference Number 0704 Transco has recommended that modification 0704 be implemented. The purpose of this proposal is to incentivise users to ensure that: • When they arrange for a meter...

Carbon dioxide (CO2) emissions from the UK’s power sector rose by 11% last year compared with 2002, according to a new report published by the country’s Environment Agency on Tuesday. This was...

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...