Austrian oil and gas incumbent OMV has signed a share purchase agreement to acquire 60% of the Turkish Borasco Elektrik company, following approval by the European Commission earlier this month (see...

Austrian oil and gas incumbent OMV has signed a share purchase agreement to acquire 60% of the Turkish Borasco Elektrik company, following approval by the European Commission earlier this month (see...

Belgian gas network operator Fluxys’ consolidated net profit for the first half of 2008 rose 35% year-on-year to EUR 56.7 million, the company said on Wednesday. However, the figures do not include...

Project developer Camco has auctioned 5.8 million Certified Emission Reductions (CERs) to a number of large compliance buyers, the group said on Thursday. The credits, accounting for 4.5% of the...

In the first half of 2008, European Energy Exchange (EEX) in Leipzig experienced further growth in traded volumes, the number of trading participants and revenue, the bourse announced on...

In the first half of 2008, European Energy Exchange (EEX) in Leipzig experienced further growth in traded volumes, the number of trading participants and revenue, the bourse announced on...

The European Parliament’s industry committee wants to make it harder to enforce a 30% cut in emissions by 2020 and make some forms of industrial power generation exempt from full auctioning in Phase...

European gas stocks rose by 2.5% in the week to 25th August, according to the latest data from storage operator association GSE. A total of 47.6 billion cubic metres (Gm3) of gas is now held in...

UK 1,020 MW gas plant given go-aheadA new 1, 020 MW gas-fired combined heat and power station has been given the green light by the UK government. The project will be developed by Thor Cogeneration,...

UK 1,020 MW gas plant given go-aheadA new 1, 020 MW gas-fired combined heat and power station has been given the green light by the UK government. The project is to be developed by Thor Cogeneration,...

Fullness at French storage facilities nudged up to 89.5% fullness in the week to 24th August, from 86.9% the week before. French storage sites now contain a total of 121.14 TWh of natural gas (11.2...

Greek power incumbent PPC’s results for the first half of 2008 showed sizeable losses due to increased carbon costs, a lengthy strike by its workers and soaring energy costs.EBITDA (earnings before...

Nordic power and carbon exchange operator Nord Pool announced this week that it will increase the daily period of activity on its carbon screens by 2.5 hours. While previously the period was from...

A 15.5% fall in year-on-year net consolidated profit, posted on Wednesday by Belgian gas incumbent Distrigas, was more a result of the company’s accounting methods than a reflection of poor...

Norwegian power grid operator Statnett announced this week a 189.4% rise in net profit for the first half of 2008, compared to the same period last year. The TSO declared profits of NOK 463 million...

Norwegian reservoir levels fell for the first time in 17 weeks during Week 34, dropping 0.7 percentage points week-on-week to 86.1% fullness, according to the latest data released by Nordic power...

Exploration and production will become a strategic focus of Poland’s gas incumbent PGNiG, its vice president Radoslaw Dudzinski said in an interview with Gazeta Prawna on Tuesday. In particular,...

RWE has chosen a site for its planned lignite-fired plant, which is to have IGCC (integrated gasification combined cycle), and CO2 capture, transportation and storage, the utility announced on...

Scottish Power’s 1,150 MW Cockenzie power station has already used up approximately 18% of its 20,000 hour limit and could be shut down by mid-2010 if it carries on at this rate. The plant “opted...

UK-based independent Exploration and Production (E&P) company Venture Production raised its production by 8% year-on-year in the first half of 2008 despite a decline from its North Sea gas fields.The...