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EPA Attiki: Natural Gas is Now 38% Cheaper than Heating Oil

EPA Attiki: Natural Gas is Now 38% Cheaper than Heating Oil

Πεμ, 28 Μαρτίου 2013 - 17:35

Natural gas is significantly cheaper than oil for heating purposes this winter, according to the data EPA Attiki presented today. The company, which supplies natural gas to customers in Athens, said that it is now 38% cheaper than heating oil because of two significant changes that occurred last year.

Energy Subsidy Removal Would Cut CO2 Emissions -IMF

Energy Subsidy Removal Would Cut CO2 Emissions -IMF

Πεμ, 28 Μαρτίου 2013 - 17:21

Removing global energy subsidies could lead to a 13% decline in carbon dioxide emissions and generate substantial environmental benefits, the International Monetary Fund says.

Shell Faces New Proble Into Alaska Drilling

Shell Faces New Proble Into Alaska Drilling

Πεμ, 28 Μαρτίου 2013 - 17:20

Another probe is under way into Royal Dutch Shell's 2012 Alaska drilling season, this time for possible violations of international marine environmental rules, Reuters reported on its website Thursday citing a U.S. Coast Guard official.

E.ON Sells Hungary Natural Gas Firms to State-Owned MVM

E.ON Sells Hungary Natural Gas Firms to State-Owned MVM

Πεμ, 28 Μαρτίου 2013 - 17:20

Hungarian state-owned energy group MVM Zrt. signed a deal to buy German energy giant E.ON AG's (EOAN.XE) Hungarian natural gas units for EUR870 million ($1.11 billion), the companies said in separate statements Thursday.

EU Says More Must be Done to Reach 2020 Renewable Energy Target

EU Says More Must be Done to Reach 2020 Renewable Energy Target

Τετ, 27 Μαρτίου 2013 - 17:47

European countries have to do more if they want to meet targets to increase the use of renewable energy by 2020, the European Union's executive body said Wednesday, warning that failure to meet those targets would have "major consequences."

Eni CEO: Turkish Oil Pipeline Project on Hold

Eni CEO: Turkish Oil Pipeline Project on Hold

Τετ, 27 Μαρτίου 2013 - 17:47

Eni SpA (E) Chief Executive Paolo Scaroni Wednesday said an oil pipeline project in Turkey that the Italian energy company is involved in is on hold because the potential returns from the initiative don't justify it, but added he was optimistic it will eventually be built.

Libya to Supply Oil on Credit to Troubled Egypt - Official

Libya to Supply Oil on Credit to Troubled Egypt - Official

Τετ, 27 Μαρτίου 2013 - 17:46

Libya plans to supply 1 million barrels of oil a month to Egypt on credit, Libya's deputy oil minister said Wednesday, a move that could offer relief from fuel shortages that have recently afflicted the embattled Egyptian economy.

Shell: Gets Chinese Approval On Shale Gas Project

Shell: Gets Chinese Approval On Shale Gas Project

Τρι, 26 Μαρτίου 2013 - 18:11

Royal Dutch Shell PLC said Tuesday it had received approval from the Chinese government for its first shale gas production-sharing contract in China, a significant milestone as China looks to tap potentially massive unconventional gas reserves and achieve ambitious shale gas production targets.

Rosneft Approves Loan of up to around $10 Billion from TNK-BP

Rosneft Approves Loan of up to around $10 Billion from TNK-BP

Τρι, 26 Μαρτίου 2013 - 18:11

Russian state-owned oil giant Rosneft (ROSN.RS) said Tuesday its board of directors has approved a potential loan worth up to around $10 billion from TNK-BP, a joint-venture recently acquired by the Russian oil major, for a period of five years.