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RWE improves first quarter net income by 7%
The unexpectedly long winter had a positive effect on RWE's results in the first quarter of 2006. The firm improved its earnings situation due to the positive operating performance generated by its energy business in continental Europe.
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Centrica shuts gas field for maintenance
Centrica subsidiary Hydrocarbon Resources (HRL) has taken its South Morecambe field out of production for a period of extended maintenance.
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E.ON plans possible gas storage station in eastern England
E.ON's UK business has announced it is carrying out a seismic survey in the East Riding of Yorkshire, in northeastern England, to assess its suitability for the possible development of a gas storage facility.
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EDF Energy becomes PFI partner to UK county council
EDF Energy, the UK arm of French energy incumbent Electricite de France, has been chosen to take charge of lighting Dorset's highways for the next 25 years.
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Gazprom in further talks with China on gas
Gazprom has hosted talks between a China National Petroleum Corporation delegation headed by Zhou Jiping, vice president of CNPC and a Gazprom delegation led by Alexander Medvedev, deputy chairman of Gazprom's management committee.
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Italy's Enel sees quarterly income and revenues rise
Italian power utility Enel has posted a healthy set of quarterly results covering the first three months of 2006. The group said revenues rose by 19.8% to edge just over E10 billion, while net income also rose, in this case by just under 10%.
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Tesco awards entire fuel distribution business to TDG
Following a nine-month selection process, European supply chain management company TDG has secured the fuel distribution contract for supermarket chain Tesco in the southwest and southeast of England.
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Lloyds TSB figures point to card security troubles
UK retail bank Lloyds TSB has reportedly admitted that there are security flaws inherent in the chip and PIN payment verification system that has replaced the old signature-based method.
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OMV and Verbund agree E13 billion merger
Austrian energy giant OMV has finalized a deal to purchase compatriot Verbund for E13 billion ($16.5 billion) in a move that will create the latest in a long list of European energy 'champions'.
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Rumors abound over Centrica-Gazprom long term gas deal
Media reports suggest UK energy major Centrica, parent of British Gas, is in early stage talks to seal a long term gas supply deal with Russia's Gazprom, although it denies that any deeper alliance is likely.
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US firm reveals desire to buy British Nuclear Group
With the UK government poised to give the green light to plans to build a new fleet of nuclear power plants, US company Washington Group International has confirmed its desire to win a mandate for such new projects and to purchase the UK government-owned British Nuclear Group.
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Chancellor Merkel backs evolution of European 'champions'
German chancellor Angela Merkel has entered the debate on the future of Europe's energy markets by backing the idea of continental champions in the industry.
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E.ON's Q1 revenues up by over a third
E.ON grew Q1 sales by 37% year-on-year to E21.5 billion and grew pre-tax earnings by 6% to E2.5 billion. Net income also surpassed the high prior-year figure, advancing by 18% to E1.7 billion, the firm said in a statement.
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End is nigh in Bucharest electricity auction
Five utilities from across Europe are in the running to acquire a majority share of the Bucharest power distributor Electrica Muntenia Sud.
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Ireland's Bord Gais asks regulators for price increase
State-owned Irish gas and electricity supplier Bord Gais has asked the government for permission to raise prices by around 40% as it battles to confront surging wholesale markets.
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