Norway’s Ministry of Petroleum and Energy has received 29 applications for new oil and gas licences in mature areas of the Norwegian continental shelf, according to a statement released by the...

Regal Petroleum plc, a London-based independent oil and gas producer, has been learning about the difficulties of doing business in Ukraine Regal has a 100% interest in licences for the...

Switzerland’s largest bank UBS announced on Friday that it will sell its 55.6% stake in Swiss financial holding company Motor-Columbus.Motor-Columbus owns 58.6% of Swiss utility Atel, to a consortium...

Globalisation and regulated liberalisation are putting the European gas business under strain. Expect more profound changes to industry structures within the next two years.As it heads into the 2005...

Enernova, a subsidiary of Portuguese gas and electricity producer EDP, has agreed a EUR 60 million deal to buy five wind farm developers owned by Tecneira of Portugal, according to a statement...

Gazprom has picked an unsurprising shortlist of contenders to develop the vast Shtokman gas field in the Barents Sea and, as expected, announced it would retain a 51% controlling stake in the...

Gazprom has secured control of Russian fourth largest oil producer Sibneft in a deal worth $13.1 billion (EUR 10.9 billion). The stage is now set for Gazprom to begin its transformation from a purely...

Vattenfall Europe, the German subsidiary of Swedish electricity company Vattenfall, announced on Thursday it would not be raising prices to private and commercial customers for the remainder of this...

The Italian government has announced in its 2006 budget that it intends to introduce a tax against the country’s gas and electricity infrastructure operators, according to newswire service Dow...

The Italian government has announced in its 2006 budget that it intends to introduce a tax against the country’s gas and electricity infrastructure operators, according to newswire service Dow...

National Grid Transco (NGT), the British electricity and gas network operator, expects a good operating performance for the six months ending 30th September 2005, the company said in its pre-close...

GermanyRetail - E.On will initiate a lawsuit against 23 Dortmund-based gas boycotters on 16th March next year in response to a boycott by this group of the company’s customers, who have refused to...

National Grid Transco’s long-awaited winter outlook on UK gas and power supply/demand scenarios for the forthcoming winter will be published “next week”, spokesmen for NGT and British energy...

National Grid Transco’s long-awaited winter outlook on UK gas and power supply/demand scenarios for the forthcoming winter will be published “next week”, spokesmen for NGT and British energy...

Norwegian oil and gas company Norsk Hydro has found gas on the Stetind prospect in the Norwegian Sea, a spokesman for the company told The Heren Report on Friday.The Stetind prospect is located is...

Novatek, Russia’s largest independent gas producer, is planning a $500 million Eurobond (EUR 415 million) placement in 2006, the company’s chief financial officer Mark Gyetvay said on Thursday....

Reporting for the first time since its IPO in the summer, Gaz de France announced a net income of EUR 1.185 billion for the first half of 2005, a 13.1% increase year-on-year, stemming from increased...

Ramco Energy, the Aberdeen-based oil and gas company, made a loss of £1.6 million (EUR 2.3 million) after tax in the first half of 2005, according to its interim results published on Friday. The...

Shell has offered cash or loan notes to 3,000 British rebel shareholders who refused to accept the terms of the merger of Royal Dutch and Shell Transport and Trading, which had left them with an...

Demand for natural gas in Spain increased by 20.5% to 31.33 TWh in July compared with the same month a year ago, according to the latest statistical report released by the country’s Strategic Reserve...

The board of state-owned British Nuclear Fuels Ltd (BNFL) is considering the sale of the company’s nuclear plant management and waste clear up unit, British Nuclear Group (BNG), according to reports....

The new prime minister of Ukraine, Yuriy Yekhanurov, will discuss natural gas supplies when he visits Moscow on Friday for his first official foreign visit since his appointment on 22nd...