Abu Dhabi’s state-owned oil and gas company Taqa is looking for more assets in Europe, as well as North Africa, Canada and perhaps in the US, the company’s c.e.o. told The Gulf Times on Tuesday. “We...

Austrian utility EVN has posted stronger power sales, but lower gas sales in the first three quarters of its financial year 2006/2007. In a letter to shareholders, EVN said on Tuesday it sold 13,913...

Irish E&P company Island Oil and Gas has agreed an exploration licence swap with Austrian oil and gas incumbent OMV, Island announced on Monday. The deal will give OMV a 50% interest in IOG’s...

Available hydropower stocks in Spain were estimated at 10,321 GWh in Week 35, according to the latest data released by the Spanish environment ministry. This was a fall of 333 GWh on last week,...

Beltransgas is planning to commission the first phase of a 170-200 million cubic metre (Mm3) salt cavern storage facility near Mozyr in the Gomel area at the end of this year, Beltransgaz told the...

Austrian utility EVN has posted stronger power sales, but lower gas sales in the first three quarters of its financial year 2006/2007. In a letter to shareholders, EVN said on Tuesday it sold 13,913...

A final investment decision is approaching for one of Spain’s biggest underground storage projects, at Castor in Tarragona. The project, to be operated by Canadian developer Eurogas, finished its...

French gas stocks increased to 86.6% fullness in the week to 26th August, up 3% from the previous week, according to figures released by storage operators DGI, GDF’s major infrastructure unit, and...

Gaz de France (GDF) has teamed up with UK chemicals producer Ineos Enterprises to develop an existing gas storage salt cavern project located in Stublach, Cheshire, in a £350 million (EUR 500...

Gaz de France (GDF) posted a net profit of EUR 1.5 billion in the first six months of 2007, down 11% year-on-year from EUR 1.7 billion in the first six months of 2006, the company announced on...

German gas supplier EWE has posted a 47% drop in net profit for the first half of 2007, on the back of a sharp fall in gas sales volumes, due to the mild 2005/6 winter, the company said on...

The German federal regulator Bundesnetzagentur has published standardised rules for how to manage the process of switching gas suppliers in the future. They are largely based on the rules for the...

Spain’s Iberdrola’s renewable energies wing, Iberdrola Renewables, has begun the construction of a 28 MW on-shore wind farm at Burgos, Castilla y Leon, the company announced on Monday.The project...

Speia, a gas and power sales subsidiary of Italian major Eni, is set to join the Belgian gas hub in Zeebrugge, the company confirmed on Wednesday. Speia plans to become active on the hub from 1st...

Centrica confirmed on Wednesday that the North Morecambe field in the Irish Sea had gone offline on Monday morning for planned maintenance, originally expected to take three days. “We are hoping the...

Norway and Russia have taken a step towards ‘harmonising’ the way oil and gas companies operate in the Barents Sea. A NOK 27 million (EUR 3.4 million) project —financially backed by the Norwegian...

Greek incumbent PPC’s net income for H1 2007 increased 4.3% to EUR 99.4 million, compared to EUR 95.3 million during H1 2006, the company announced on Tuesday. A 1.2% increase in the volume of sales,...

The spread between the Dec ’08 and Dec ’09 carbon contracts on the OTC market is nearing the cost of carry, French investment bank Société Générale (Socgen) noted in a research note on...

French oil and gas major Total is reported to have an option to purchase up to 300 billion cubic metres (Gm3) of gas from Gazprom’s, Shtokman field, according to Russian daily news service...

Germany’s Wintershall and VNG are set to develop their upstream activities in the North Sea over the next few years. Wintershall, a subsidiary of German chemicals group BASF, has earmarked more than...