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GE to Bring Explosion-Hit Cyprus Plant Back Into Full Service by Year-End

GE to Bring Explosion-Hit Cyprus Plant Back Into Full Service by Year-End

Πεμ, 2 Αυγούστου 2012 - 16:45

General Electric (GE) aims to bring all four GE 6FA gas turbines at the 850-MW Vasilikos Power Station in Cyprus back into full operation before the end of the year. GE has already returned two turbines back to full service in June, after the power station had to be shut down July last year when it was hit by an explosion.

DKEVR: Renewable Energy Prices in Bulgaria Not Expected to Increase

DKEVR: Renewable Energy Prices in Bulgaria Not Expected to Increase

Τετ, 1 Αυγούστου 2012 - 12:40

Angel Semerdzhiev, Chair of the Bulgaria's State Commission for Energy and Water Regulation (DKEVR), has said that the practice of placing the entire financial burden of renewable energy with the National Electric Company (NEK) will be terminated.

Vattenfall Swings to Profit; Says Demand, Pricing Outlook Weak

Vattenfall Swings to Profit; Says Demand, Pricing Outlook Weak

Τρι, 31 Ιουλίου 2012 - 17:35

Vattenfall's net profit for the second quarter 2012 amounted to 899 million Swedish kronor ($131 million), compared with a net loss of SEK2.74 billion a year earlier when earnings were hit by impairment losses and increased provisions as a result of Germany's decision to phase out nuclear power.

BP: TAP, Nabucco West Decision Will Be Based On Best Tariff Level

BP: TAP, Nabucco West Decision Will Be Based On Best Tariff Level

Τρι, 31 Ιουλίου 2012 - 17:34

A final decision on which pipeline will transport Caspian natural gas from the giant BP PLC (BP.LN)-led Shah Deniz offshore project to Western Europe will be based on which of the two mooted routes offers the best tariff level, BP Chief Executive Bob Dudley said Tuesday.

BP In Talks On Potential US Gas Exports

BP In Talks On Potential US Gas Exports

Τρι, 31 Ιουλίου 2012 - 17:34

BP PLC (BP) is looking at ways to turn its U.S. natural gas into more valuable oil-linked products, including potentially exporting the fuel as liquefied natural gas, Chief Executive Bob Dudley said Tuesday.

Marathon Oil Sells Part of Kurdistan Stake to Total

Marathon Oil Sells Part of Kurdistan Stake to Total

Τρι, 31 Ιουλίου 2012 - 17:33

Marathon Oil Corp. (MRO) has sold part of its stake in two blocks in the Kurdistan region of Iraq to Total S.A. (TOT, FP.FR) as the two companies look to better evaluate the region's potential.

Iran Central Bank Starts Sanctions Cell

Iran Central Bank Starts Sanctions Cell

Τρι, 31 Ιουλίου 2012 - 17:33

Iran's central bank has established a special cell to fight back against Western economic sanctions that the institution's chief described as "no less than military war," the official IRNA news agency reported Tuesday.

GE Sells $100 Million in Equipment for Olympics

GE Sells $100 Million in Equipment for Olympics

Τρι, 31 Ιουλίου 2012 - 12:36

General Electric sold about $100 million in lights, power supplies and medical devices for the London Olympic Games, less than for Beijing’s massive build-out, but still enough to justify the largest U.S. conglomerate’s sponsorship, officials said yesterday.

Cheniere Gives Sabine Pass Green Light

Cheniere Gives Sabine Pass Green Light

Τρι, 31 Ιουλίου 2012 - 12:35

The board of Texas-based Cheniere Energy Partners has approved a final investment decision to build the first two liquefaction trains at its Sabine Pass project in Cameron Parish, Louisiana.