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Eni registers profit increase despite a drop in natural gas sales

Italian oil and gas company Eni, beats forecasts with a 47.5 % increase in adjusted net profit in the third quarter, thanks to higher oil prices and a stronger dollar.

read more... 29/10/2010

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Austrian power utility to review its full-year outlook

Austrian utility Verbund reviewed its full-year profit forecast on Thursday, after transferring 43 million Euros to its French unit, which might reduce group net profit by as much as a third.

read more... 29/10/2010

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A new Carbon Capture and Storage plan to be projected in the Netherlands

The Netherlands is permitted to give state aid to a Franco-German project to capture greenhouse gas emissions from a power station and bury them under the North Sea, according to the European Union's regulator of competition.

read more... 29/10/2010

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Daily Market Update, Thursday, October 28, 2010

Oil was stable on Thursday, due to a delay in announcing the size of monetary stimulus expected from Federal Reserve, caused by an unexpected drop appeared in U.S. gasoline stockpiles. At 06:43 GMT, U.S. crude for December increased at $81.98 per barrel, while ICE Brent decreased at $83.20 per barrel.

read more... 29/10/2010

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Snam RG shares decreased, despite third-quarter performances.

Italian gas grid operator, Snam Rete Gas, registered an increase by 8.7% in third-quarter core profit on Wednesday, thanks to a better performance in its transport, storage and distribution businesses.

read more... 28/10/2010

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