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Companies & Finance

Potential for joint projects discussed

Italian gas infrastructure company and Eni subsidiary Snam, and its Belgian counterpart, Fluxys G have agreed to evaluate the potential for joint strategies to develop transport, storage or LNG projects in Europe, Snam said on Tuesday.

17 January 2012
Pipelines, Storage & Power

RWE considers closing pipeline

German utility RWE could cancel its plans for the proposed Nabucco pipeline, which would carry Caspian gas through Turkey and into northern Europe, RWE Chief Executive Juergen Grossmann told The Wall Street Journal Deutschland on Tuesday.

17 January 2012
Supply & Demand

Norway’s gas ascendancy set to continue in 2012

Norway’s position as one of the world’s leading gas exporters is likely to be maintained this year as the country’s output is expected to rise

16 January 2012
Companies & Finance

OMV restructuring ramped up by Deutsche Bank appointment

Austrian energy company OMV has accelerated progress in its restructuring programme with the appointment of Deutsche Bank to handle the divestment programme of its refining and marketing business.

16 January 2012
EU Energy Policy

Energy Efficiency Directive talks take unexpected turn

The EU’s talks on the Energy Efficiency Directive have taken a U-turn. The change in direction is the result of member states and MEPs recognising the need to give countries more flexibility in choo

16 January 2012
Exploration & Production

Norwegian upstream sector ‘exceptional’ in 2011

The Norwegian upstream oil and gas sector had an ‘exceptional’ year in 2011 and is going to continue as an attractive prospect in 2012, according to a new report by research consultancy Wood Mackenzie

13 January 2012
EU Energy Policy

Calls for EU to stop nuclear fall on deaf ears

The European Union appears reluctant to get in the way of new nuclear power plants despite mounting public scepticism over safety concerns and their impact on the environment

13 January 2012
Companies & Finance

PGNiG issues domestic bonds

Polish state-run developer PGNiG has issued bonds worth PKN 4.7 billion ($1.34 billion) exclusively to the domestic market.

13 January 2012
EU Energy Policy

Free CO2 credits to finance Hungary-Slovak pipeline

Hungarian state-owned electricity company MVM stands to benefit from possible free allocation of EU carbon emission credits (EUAs) during the next phase of the EU’s Emission Trading Scheme (ETS) sta

12 January 2012
Companies & Finance

SSE cuts UK gas prices

The UK’s Scottish and Southern Energy will cut its household gas prices by 4.5% beginning on 26 March, it announced on Wednesday.

12 January 2012
Companies & Finance

Vattenfall closes Polish divestments with PGNiG deal

Polish gas firm PGNiG has completed the acquisition of Swedish utility Vattenfall’s local subsidiary Vattenfall Heat Poland (VHP), finalising the Stockholm-based company’s divestment programme in

12 January 2012
Exploration & Production

Seven detained in Poland for alleged shale corruption

Poland’s internal security agency has apprehended seven people regarding alleged bribery relating to granting shale gas exploration permits

11 January 2012
Companies & Finance

Vattenfall restructuring continues with Finnish sale

Swedish utility Vattenfall has completed the sale of electricity and heat assets in Finland, as the company continues its major restructuring drive to refocus on core markets in Sweden, Germany and th

11 January 2012
EU Energy Policy

Import dependence pressures EU to find alternatives

Reducing dependency on gas imports will be a key issue for the European Union this year as concerns over Gazprom's dominant market share are increasing.

10 January 2012
Policy & Regulation

Polish regulator may scrap industrial price caps in 2013

The Polish energy regulator URE is planning to remove price caps on gas for large industrial users by January 2013, a spokeswoman told Interfax on Tuesday.

10 January 2012
Policy & Regulation

State prosecutor begins investigation into Romgaz deal

Romania's organised crime and terrorism prosecution unit DIICOT has begun investigating 40 individuals for allegedly taking part in sales of wholesale gas at a reduced price from state-owned developer

10 January 2012
Exploration & Production

Outlook for UK oil and gas investment excellent, says WoodMac

The continuing high oil price environment is giving companies and investors the confidence to press forward with projects in the UK oil and gas sector, according to research consultancy Wood Mackenzie

10 January 2012
Exploration & Production

Statoil discovery in Barents Sea

Norwegian major Statoil, along with partners Eni and Petoro, has made a significant oil discovery in the Havis prospect in the Barents Sea.

9 January 2012
Exploration & Production

EnQuest takes 20% in Kraken

London-listed EnQuest has taken a 20% stake in the Kraken discovery in the UK North Sea, according to UpstreamOnline on Monday.

9 January 2012
Pipelines, Storage & Power

Gazprom Energy consolidates UK power business

Gazprom Energy has signed a power purchase agreement with UK renewable player Infinis, furthering the company’s wider strategy of becoming a leading player in Europe’s power sector.

9 January 2012

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