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  • French President to Meet on GDF-Suez Merger Thursday, 5 Jul 2007 | 5:36 AM ET

    French president Nicolas Sarkozy will host a meeting on Thursday that could help settle the fate of a planned 90 billion euro ($123 billion) merger between the country's utilities Gaz de France and Suez.

  • U.S. oil rose above $69 on Tuesday due to a planned strike in Nigeria that could further hobble output in the world's eighth-biggest crude oil exporter. The planned protest over fuel price increases is due to start on Wednesday and comes after more violence flared in the oil-producing Niger Delta at the weekend.

  • French PM on Future of Gaz de France: Report Friday, 15 Jun 2007 | 6:54 AM ET

    French Prime Minister Francois Fillon said in an interview published Friday that decisions on the future of state-owned Gaz de France -- including whether to go ahead with its merger with Suez -- will be made "in the coming weeks."

  • Enel Buys Stake in Russia Power Company Wednesday, 6 Jun 2007 | 8:29 AM ET

    Italy's Enel, which is poised to take over Spain's biggest utility, will expand its presence in Russia after it beat rivals to buy a one-quarter stake in the Russian wholesale generation company OAO OGK-5 for about $1.52 billion.

  • Statoil Poised to Grow After First-Quarter Profit Drop Wednesday, 30 May 2007 | 5:03 AM ET

    Norway's Statoil posted weaker-than-expected first-quarter profit due to lower oil and gas prices on Wednesday, but said it was poised to grow after resolving production problems at several North Sea fields.

  • Eni, the Italian oil and gas company, said that its adjusted net profit fell in the first quarter to 2.68 billion euros ($3.61 billion) from 2.954 billion euros as it suffered from a decline in production and the weakening of the dollar against the euro.

  • Enel 2006 Net Down 22%, Up Excluding One-Offs Wednesday, 28 Mar 2007 | 3:37 AM ET

    Italian power company Enel, which is involved in a takeover battle for Spanish peer Endesa, posted a 22% drop in 2006 net profit on Wednesday, as the prior year was helped by one-off items.

  • CNMV Confirms 6-Month Ban on Enel/Acciona Endesa Bid Tuesday, 27 Mar 2007 | 6:03 AM ET

    Spanish market regulator CNMV said it had taken note of Enel and Acciona's joint takeover plan for Endesa and reiterated no bid could be made for six months.

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