Latest news
Nabucco denies the rumors of postponement
According to the recent declarations of one of the shareholders in the Nabucco project, the pipeline which aims to reduce the European dependence on Russian gas, may deliver its first gas in 2018, a year later than anticipated.
read more... 17/10/2011
Duke Energy asks for a 17 % increase on North Caroline households
Duke Energy Corp. addressed a request to the North Carolina regulators asking to increase power prices for households by 17%, and to 11.5 % for its allowed rate of return on shareholder, a change that would add around 19 dollars to the monthly power bills. This move will increase company’s revenue by 646 million dollars.
read more... 04/07/2011
Eni sells a huge stake in Trans-Austria Gas pipeline
The Italian energy group Eni has signed an agreement with Cassa Depositi e Prestiti Spa (CDP) for the sale of 89% stake in the Trans-Austria Gas pipeline for 483 million euros ($700 million) plus reimbursement of a shareholder loan granted by Eni to the company equal to 192 million euro.
read more... 14/06/2011
The Kazakh government may block the Karachaganak Gas Project Development
According to the Kazakh oil and gas minister, Kazakhstan risks to suspend the development of its most important gas field, called Karachaganak, if it hesitates to heal the conflict with the project’s foreign shareholders.
read more... 20/05/2011
BP shareholders want to sell twice more assets than the company’s current plan
BP is facing a pressure from its biggest investors to sell off more than the double of the assets BP is currently selling as a program of radical reorganization. The investors are claiming that BP's chief executive, Bob Dudley, has the opportunity to change the company into a more dynamic one, following the devastating oil spill in the Gulf of Mexico.
read more... 18/04/2011