US-based global energy major ConocoPhillips posted a second quarter net income of $3.1 billion (EUR 2.6 billion), an increase of 51% on the same period last year, despite a slight year-on-year fall...

Aberdeen-based oil and gas explorer and producer Dana Petroleum on Thursday said an exploration well the company is drilling in Block 23/16b in the Central North Sea has found hydrocarbons near the...

Regulations governing the charges levied on companies who transmit electricity from renewable offshore generation sites to the National Grid took another step towards completion on Wednesday. The...

French power incumbent EDF has signed a three-year 1.2 billion cubic meter (Gm3) deal with Gaz de France as well as an eight-year 1 Gm3 deal with Italian utility Eni, it announced on Thursday. It...

French power incumbent EDF announced has signed a three-year 12 TWh (1.2 billion cubic meter) deal with Gaz de France as well as an eight-year 10 TWh (1 bcm ) deal with Italian utility Eni as part of...

Spain’s largest global power utility surpassed forecasts with a 23% increase in first-half net profits to EUR 956 million, on the back of strong growth in Europe and Latin America and tariff...

ExxonMobil, the world’s biggest listed energy company, reported net profits of $7.64 billion (EUR 6.33 billion) for the second quarter, a year-on-year rise of 32% and a record result for a second...

French grid operator RTE and its Algerian counterpart GRTE have signed an agreement to reinforce cooperation between the two companies, as the Maghreb region looks for increased integration both...

Germany’s wind power capacity is set to increase by 9-10% this year to total between 18,130 MW and 18,330 MW, three German wind energy groups said in a joint statement on Thursday. This is the third...

UK-based generator International Power has completed its acquisition of the 1,200 MW Saltend CCGT from the US Calpine Corporation, the company confirmed on Thursday. International Power announced its...

Snam Rete Gas, Italy’s gas network operator, saw net profit for the second quarter fall 4.96% year-on-year to EUR 134 million. Total revenues were stable and operating profits were up but the company...

Norwegian reservoir levels rose by 3.3 percentage points in Week 29 according to the latest data from the Nordic power exchange, Nord Pool.Norwegian reservoir levels jumped to 78.7% fullness (or...

Gazexport, the export arm of Russia’s Gazprom, has bought 143 million cubic metres (Mm3) of capacity at the UK’s Humbly Grove storage site from trading company Vitol, Gazprom said on Thursday. The...

Oil and gas major Royal Dutch Shell on Thursday said earnings for the second quarter of 2005 were 34% higher than for the year-ago quarter on the back of higher oil and gas prices even as the...

Spanish gas distributor and wholesaler Gas Natural reported a first-half net profit of EUR 367.8 million on Wednesday, a year-on-year increase of 10.9%. Similarly, its second-quarter profits rose 12%...

Scottish and Southern Energy (SSE) is to build a 100 MW hydro-electric power plant in Glendoe in Scotland. The plant will be Scotland’s first large-scale hydroelectric power plant for 50 years, and...

Sweden’s Vattenfall, Europe’s fifth largest generator of electricity, reported an 18.1% year-on-year rise in operating profits to SEK 13.8 billion (£1.01 billion) for the first half of 2005, due...

UK industrial demand for gas fell sharply by 13% in 2004, according to the new Digest of UK Energy Statistics (DUKES 2005) published by the Department of Trade and Industry (DTI) on Thursday. The new...

The build in stocks at the UK’s long duration storage site at Rough slowed again in the week to 25th July but the facility rose to 83.84% fullness, from 80.56% in the previous week, according to the...

The UK to Belgium Interconnector is to switch flow direction to UK imports, starting on Friday morning, operator IUK announced on Thursday afternoon. This will be the first time the pipeline has...