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Bulgaria Backpedals on Stripping CEZ Power Utility License

Τετ, 20 Φεβρουαρίου 2013 - 15:43

The Bulgarian State has ceded Wednesday from an earlier decision to immediately strip the local unit of power distributor CEZ of license.

Brent Crude in $100-130/bbl Range Through 2015 -BofA

Τρι, 19 Φεβρουαρίου 2013 - 17:04

Brent crude oil prices will stay in the $100-130/bbl range on average through 2015 while rising shale gas output in the U.S. creates a risk of $50/bbl for Nymex crude in the next 18-24 months, analysts at BofA Merrill Lynch say in a note.

UK Government to Offer Nuclear Reactor Deal Until 2050

Τρι, 19 Φεβρουαρίου 2013 - 17:04

The government is launching a last-ditch attempt to sign up energy companies to build new nuclear power stations by proposing to sign contracts guaranteeing subsidies for up to 40 years, London's Guardian newspaper reports, without citing its sources.

BP: To Fight US Government Over Size Of Oil Spill Fine

Τρι, 19 Φεβρουαρίου 2013 - 17:03

U.K.-listed oil and gas giant BP PLC (BP) said Tuesday it will defend itself vigorously in court next week against claims from the U.S. government for fines related to the Deepwater Horizon oil spill, which the company described as "excessive and not based on reality."

EU CO2 Prices Seen Weak After Committee Backs Delay

Τρι, 19 Φεβρουαρίου 2013 - 17:03

Prices for greenhouse gas emissions in Europe look set to remain weak through next week as a committee of the European Parliament Tuesday postponed a decision on how to move forward on a plan to boost carbon prices, according to traders.

Bulgarian Govt Says Will Revoke CEZ License By End Of Day

Τρι, 19 Φεβρουαρίου 2013 - 17:02

Coming under intense public pressure, Bulgaria's government Tuesday said that by the end of the day it would revoke the electricity distribution license held by Czech 70% state-owned power company CEZ AS (BAACEZ.PR), a move the company says goes against European Union law.

Environment Committee Backs Emissions Trading Fix

Τρι, 19 Φεβρουαρίου 2013 - 14:39

A freeze in the auction of some pollution allowances should be allowed to help boost green investments, according to environment committee MEPs voting on draft legislation on Tuesday.

Areva: 2012 Uranium Output Hits Record at 9,760 Tons

Δευ, 18 Φεβρουαρίου 2013 - 17:51

French state-owned nuclear engineering firm Areva SA (AREVA.FR) Monday said the output at its uranium mines hit a record in 2012 at 9,760 tons.

EU Energy Chief: Permanent Reform of Carbon Market Poses Legal Challenges

Δευ, 18 Φεβρουαρίου 2013 - 17:51

A permanent reform to raise prices on the European Union's ailing carbon market would pose legal challenges, said European Commissioner for Energy Guenther Oettinger, raising a skeptical note about efforts to inject new life in the bloc's flagship program to fight climate change.

IEA Chief Economist Says High Oil Prices Harmful to Global Economy

Δευ, 18 Φεβρουαρίου 2013 - 17:50

The International Energy Agency's chief economist, Fatih Birol, said high Brent crude oil prices are posing big risks for the global economy.

IEA Chief Economist Says Europe Second Largest Coal Consumer

Δευ, 18 Φεβρουαρίου 2013 - 17:50

The chief economist at the International Energy Agency said Monday that Europe is the second largest coal consumer after China, proof that the continent's current carbon policy is not working.

Bulgaria Sacks Finance Minister After Protests Over Electricity Prices

Δευ, 18 Φεβρουαρίου 2013 - 17:50

Bulgaria sacked its finance minister on Monday after a weekend of demonstrations over electricity prices brought tens of thousands onto the streets, raising pressure on a government that had until recently defied political gravity by retaining popularity in the teeth of an austerity drive.

Jordan Potash Firm in Talks With Israel To Buy Gas

Δευ, 18 Φεβρουαρίου 2013 - 17:49

Jordan's Arab Potash Company (APOT.AJ), one of the world's largest potash producers, is in talks with an Israeli firm to buy gas to power its plants and reduce production costs, the government said Monday.