Finance

E.ON's Italy sale draws bidders as deadline falls

The sale of E.ON's Italian assets has drawn interest from a handful of energy companies and investment funds on the final day for binding bids, sources familiar with the matter said on Monday.

Nepal Gives Green Light for $1b Hydroelectric Plant

Nepal has given an Indian company permission to build a 900 megawatt hydropower plant, government officials said on Monday, as the Himalayan state looks to ease

Is Anyone Home to Take the Call on OPEC?

When OPEC meets this week the energy industry will collectively hold its breath. Tumbling crude prices have rattled producers and investors around the world. With near-term demand flagging,

Tanzanian Lawmakers to Debate on Energy Graft Despite Objections

Tanzania's parliament will hold a debate this week on allegations of corruption in the energy sector, the speaker said on Monday, despite efforts by the prime minister to block the session.

Rates Increase Boosts Diana Containerships Q3 Income

Diana Containerships Inc. reported net income of $1.4 million for the third quarter of 2014, compared to a net loss of $0.7 million for the respective period of 2013.

EU Backs Nantes St-Nazaire and Vigo Transport Link

The EU's TEN-T Program will back the upgrade of the existing sea line between Nantes St-Nazaire, France and Vigo, Spain with over €3.5 million to ensure reliable

Kuwait's KNPC to Invest $40 bln to 2022

Kuwait National Petroleum Co (KNPC) plans to spend $40 billion in the period to 2022 on projects including a new refinery and a clean fuels project, its chief executive said on Monday.

UAE Says OPEC Will Take "Appropriate Decision"

The United Arab Emirates energy minister said OPEC countries would deal with the current fall in oil prices and would take the "appropriate decision", the state WAM news agency reported on Monday.

Prices Gain on Lower Wind, Cold Winter Forecasts

An expected drop in renewable power output and forecasts for colder weather drove central and southeastern Europe spot power prices higher on Monday, while front-year

Ukraine to Buy up to 1 bcm/month of Russian Gas

Ukraine will look at buying up to 1 billion cubic metres (bcm) of natural gas per month from Russia starting in January, Naftogaz Chief Executive Andriy Kobolyev said on Monday.

Ineos to Add Talent to Support North Sea Expansion

North Sea oil and gas would supply INEOS plants in Europe; advertised positions include CEO, geologist, engineer.   Swiss-based petrochemical and refining company

Russia to Suggest oil Output Cuts, Eyes Oil Reserve

Moscow may make oil output cuts of 15 mln t in 2015; Russia risks fall into recession with oil under $60 per barrel. Russia, in desperate need of higher oil prices,

Bluestar Elkem Makes $640 mln Bid for REC Solar

China's Bluestar Elkem Investment agreed to buy Norway's REC Solar for 4.34 billion crowns ($640 million), a 15.9 percent premium to the stock's last close, it said on Monday.

Philippines fines Chinese Fishermen for Poaching

A Philippine court on Monday fined nine Chinese fishermen $102,000 each after they were caught with hundreds of sea turtles in a disputed shoal in the South China

Egypt Eyes Suez Container Port Renegotiation

Egypt is trying to renegotiate an extension of an agreement worth $1.5 billion with Suez Canal Container Terminal which has a concession to run a port near the entrance to the canal,

Maersk Drilling gets Extension for Jack-Up

Maersk Drilling, is a unit in shipping and oil conglomerate A.P. Moller-Maersk. Hess has exercised the four one-well options included in the current contract for the jack-up rig Maersk Resolute.

Ghana Okays Eni $6 bln Offshore Gas Project

Ghana's government has given Italian energy firm Eni the final green light to develop gas resources in the Offshore Cape Three Points (OCTP) block, expected to begin production in 2017,

India Seeks Private Cash for Intermodal Bridge

Rail system needs more tracks and wagons; Not enough coal gets from port to power stations. India is targeting up to $1 billion of private investment by 2017

Petrofac Slides on Oil Price, Project Delays

Shares fall nearly 25 pct to 4-yr low.   Oil and gas services firm Petrofac Ltd's net profit estimate for 2015 fell far short of its goal, wiping out more than 1 billion pounds ($1.

BHP Billiton Focus on Operation & Productivity

 * BHP Billiton is now targeting US$4 billion of annualised productivity gains in its core portfolio by the end of the 2017 financial year, a US$500 million increase on previous guidance.

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