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News Archive

Gas

29 companies bid for oil and gas licences in Norwegian continental shelf

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...

30 Sep 2005 00:00 | ESGM

Gas

Beleaguered Regal Petroleum sits tight in Ukraine

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...

29 Sep 2005 00:00 | EGM

Power

EDF and Swiss-led consortium wins 55.6% stake in Atel parent

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...

30 Sep 2005 00:00 | EDEM

Gas

EGM Comments

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...

29 Sep 2005 00:00 | EGM

Power

Enernova buys five wind farm developers with 120.7 MW capacity

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...

30 Sep 2005 00:00 | EDEM

Gas

Gazprom sets the ball rolling on Shtokman pipe or LNG

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...

29 Sep 2005 00:00 | EGM

Gas

Gazprom’s purchase of Sibneft presages changed direction

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...

29 Sep 2005 00:00 | EGM

Power

German arm of Vattenfall announces price freeze to the end of the year

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...

30 Sep 2005 00:00 | EDEM

Gas

Italian government levies EUR 1 billion tax against power grid and gas pipeline operators

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...

30 Sep 2005 00:00 | EDEM ESGM

Power

Italian government levies EUR 1 billion tax against power grid and gas pipeline operators

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...

30 Sep 2005 00:00 | EDEM ESGM

Gas

National Grid Transco expects good underlying performance for H1 ‘05/’06

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...

30 Sep 2005 00:00 | ESGM

Gas

NEWS Briefs

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...

29 Sep 2005 00:00 | EGM

Gas

NGT UK winter supply/demand outlook to be published “next week”

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...

30 Sep 2005 00:00 | EDEM ESGM

Power

NGT UK winter supply/demand outlook to be published “next week”

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...

30 Sep 2005 00:00 | EDEM ESGM

Gas

Norway’s Norsk Hydro finds gas at Stetind prospect in North Sea

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...

30 Sep 2005 00:00 | ESGM

Gas

Novatek plans $500 million Eurobond placement in 2006

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....

30 Sep 2005 00:00 | ESGM

Gas

Part-privatised Gaz de France reports record results

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...

29 Sep 2005 00:00 | EGM

Gas

Ramco Energy shares up despite £1.6 million H1 losses

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...

30 Sep 2005 00:00 | ESGM

Gas

Shell plays hardball with rebel shareholders

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...

29 Sep 2005 00:00 | EGM

Gas

Spanish gas demand up 20.5% in July

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...

30 Sep 2005 00:00 | ESGM

Power

UK’s BNFL mulls sale of BNG nuclear plant and waste unit – reports

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....

30 Sep 2005 00:00 | EDEM

Gas

Ukraine’s new PM to visit Moscow for gas talks

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...

30 Sep 2005 00:00 | ESGM

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