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AAR Seeks to Buy BPs Stake in Russian Venture

AAR Seeks to Buy BP's Stake in Russian Venture

Δευ, 1 Οκτωβρίου 2012 - 17:44

BP PLC's (BP.LN) partners in TNK-BP said Monday they are seeking to raise at least $20 billion to buy out the U.K. oil giant's 50% stake in the Russian joint venture, potentially setting up competition with OAO Rosneft (ROSN.RS) for the stake.

Edison to Get EUR250M from Eni in Arbitration Case

Edison to Get EUR250M from Eni in Arbitration Case

Δευ, 1 Οκτωβρίου 2012 - 17:43

Italian energy utility Edison S.p.A. Monday said it had won an arbitration case against Eni S.p.A. (ENI.MI) and expected to gain more than 250 million euros ($321 million) from it at the level of earnings before interest, taxes, depreciation and amortization, or Ebitda.

Greece Power Workers Call Rotating Strikes

Greece Power Workers Call Rotating Strikes

Παρ, 28 Σεπτεμβρίου 2012 - 18:33

Greek power workers Friday announced plans to begin rolling 48-hour strikes as early as next week to protest the new austerity measures the government is demanding from its increasingly restive population.

Alstom to Supply EUR160M Worth of Turbines to Brazil Power Co

Alstom to Supply EUR160M Worth of Turbines to Brazil Power Co

Παρ, 28 Σεπτεμβρίου 2012 - 18:33

Alstom SA (ALO.FR), a French maker of power turbines and trains, Friday said it signed a contract to supply three hydro turbines to Brazil's power utility Neoenergia as well as related equipment for a total amount of 160 million euros ($206 million), of which Alstom's share is worth EUR110 million.

Greece Takes More Measures to Keep Electricity Market Afloat

Greece Takes More Measures to Keep Electricity Market Afloat

Παρ, 28 Σεπτεμβρίου 2012 - 17:21

Greece will extend an emergency loan to its cash-strapped electricity market operator LAGHE and impose a temporary tax on renewable energy producers to prevent an energy crisis, a senior Greek official said on Friday.

Greece Assesses Oil Exploration Bids

Greece Assesses Oil Exploration Bids

Παρ, 28 Σεπτεμβρίου 2012 - 13:18

Greece is assessing bids for oil and gas reserves exploration and exploitation in three blocks in the west of the country, news agency Bloomberg reported.

TERNA ENERGY: New Wind Park in Poland

TERNA ENERGY: New Wind Park in Poland

Παρ, 28 Σεπτεμβρίου 2012 - 11:39

Yet another wind park in Poland, with 10 MW capacity, was set in operation by TERNA ENERGY, thus increasing the company’s total capacity in operational parks in Poland to 66 MW. Furthermore, one more park is at the final construction stage in Poland, with a 8 MW capacity, while the installation license has been acquired for a new park with a capacity of 8 MW.

China Energy Adviser Sets Conservative Shale Gas Production Forecast

China Energy Adviser Sets Conservative Shale Gas Production Forecast

Πεμ, 27 Σεπτεμβρίου 2012 - 18:00

A top adviser to China's economic planning agency says the country's shale gas production could reach between 20 billion and 30 billion cubic meters a year by 2020--a much more conservative estimate than the government's official forecast.

Italy Looking To Reduce Local Authority Influence over Energy, Tourism

Italy Looking To Reduce Local Authority Influence over Energy, Tourism

Πεμ, 27 Σεπτεμβρίου 2012 - 17:59

Italy is looking at introducing legislation that will reduce the power of local authorities over strategic areas, such as energy, infrastructure and tourism, said Public Administration Minister Filippo Patroni Griffi Thursday, as the central government looks to speed up the decision-making process to attract investment.

Noble Energy Announces Agreement For New Build Drillship

Noble Energy Announces Agreement For New Build Drillship

Πεμ, 27 Σεπτεμβρίου 2012 - 17:59

Noble Energy, Inc. (NYSE: NBL) today announced that it has entered into a 36 month contract with a subsidiary of Atwood Oceanics Inc. (NYSE: ATW) for a new build drillship to support its global new ventures efforts in deepwater exploration and development. The agreement demonstrates the Company's commitment to global offshore exploration.

Norway Needs To Invest Up To NOK70 Bln To Upgrade Grid By 2022-Statnett

Norway Needs To Invest Up To NOK70 Bln To Upgrade Grid By 2022-Statnett

Πεμ, 27 Σεπτεμβρίου 2012 - 17:59

Norway's state-owned electricity grid operator Statnett Thursday said the country's main grid would require between 50 billion-70 billion Norwegian kroner ($8.7 billion-$12.2 billion) of investment over the next decade to meet higher electricity production, reduce price disparities between regions, ensure security of supply and improve export capacity.

Enel Says EU Countries Must Give Up Energy Sovereignty

Enel Says EU Countries Must Give Up Energy Sovereignty

Τετ, 26 Σεπτεμβρίου 2012 - 18:03

European Union countries need to coordinate energy policy to ensure political independence and economic development in the bloc as a whole, even if that means giving up some national control, the chairman of the Italian utility Enel SpA (ENEL.MI), Wednesday.