English Edition

Romania Jan-June Power Output Down 1.8% On Year

Τετ, 8 Αυγούστου 2012 - 15:05

Romanian energy output fell 1.8% on the year to 11.45 million metric tons of oil equivalent in the first six months, due to declining production in the hydropower and nuclear sectors, official data showed Wednesday, news agency Mediafax reports.

OMV's CEO: Too Early to Discuss Nabucco Pricing Mechanism

Τετ, 8 Αυγούστου 2012 - 15:05

OMV AG's (OMV.VI) Chief Executive Officer Gerhard Roiss said it is too early to discuss pricing mechanisms for natural gas to flow through the Nabucco West pipeline.

OMV: Need Most of 2012 To Regain Libya Production Reliability

Τετ, 8 Αυγούστου 2012 - 15:04

Austrian oil and gas company OMV AG (OMV.VI) will need most of the rest of the year to bring reliability back to its production levels in Libya, board member Jaap Huijskes said Wednesday at the company's 2012 first-half earnings conference.

China July Power Output Growth Spurred by Hydropower, Residential Demand

Τετ, 8 Αυγούστου 2012 - 15:04

China's electricity output in July grew at a faster pace than June, when growth stalled, as rising hydroelectric power output offset weaker thermal power output.

Dozen Countries To Attend Tehran Meeting On Syria - Iran

Τετ, 8 Αυγούστου 2012 - 15:04

A dozen countries are to attend a hastily called meeting in Tehran Thursday to discuss ways to end the violence in Syria, Iranian Foreign Minister Ali Akbar Salehi said, without saying who was coming.

Video Shows View Inside Nuclear Disaster

Τρι, 7 Αυγούστου 2012 - 17:08

Soon after 11 a.m. on March 14, 2011, the loudspeakers crackled in the crisis command center of Tokyo Electric Power Co.: "Headquarters, headquarters," came the voice of Masao Yoshida, then-manager of Tepco's Fukushima Daiichi power plant, where one of the world's worst nuclear accidents was unfolding. "We have a big problem, we have a big problem. It seems there has been an explosion at Unit 3." Pandemonium ensued.

Japan Can Eliminate Nuclear Power By 2030 - METI Minister

Τρι, 7 Αυγούστου 2012 - 17:08

Japan's trade and industry minister on Tuesday said that phasing out nuclear power by 2030 is possible and would not be a drag on the domestic economy.

Sinopec Group 1H 2012 Overseas Oil, Gas Output up 24.02% on Year

Τρι, 7 Αυγούστου 2012 - 17:07

China Petrochemical Corp., known as Sinopec Group, said Tuesday that its overseas equity oil-and-gas output owned by subsidiary Sinopec International Petroleum Exploration & Production Corp. rose by 2.52 million tons of oil equivalent in the first half of 2012, up 24.02% from a year earlier.

Statoil Still Considering Options For Shtokman

Τρι, 7 Αυγούστου 2012 - 17:06

Statoil ASA (STO) said Tuesday it is considering its options for the Shtokman project, following reports in the Russian press that the Norwegian oil major had pulled out of the giant gas development.

Coal India May Import 20 Mln Tons Coal This Fiscal Year - Chairman

Τρι, 7 Αυγούστου 2012 - 17:05

Coal India Ltd.(533278.BY), the world's largest coal producer, said Tuesday it may import 20 million metric tons of the dry fuel in the current fiscal year through March and mix it with its own stocks to bridge a supply shortage to the country's power sector.

RAE Recommends Sharp Cuts in Photovoltaic Tariffs

Τρι, 7 Αυγούστου 2012 - 14:41

An opinion paper by the Regulatory Authority for Energy (RAE) handed to the Energy and Climate Change Ministry last week, opens the way for considerable reductions in the tariffs paid to photovoltaic power producers.

Sinopec Group Pushes Ahead With Biofuel Production Plan

Δευ, 6 Αυγούστου 2012 - 17:33

China Petrochemical Corp., or Sinopec Group, is going ahead with a plan to produce jet fuel from cooking oil, the local Economic Observer reported Saturday, citing unnamed sources.

South Korea Issues Power Shortage Alert Amid Heatwave

Δευ, 6 Αυγούστου 2012 - 17:32

South Korea's state power company issued a shortage warning Monday, meaning that reserves are dangerously low, as electricity consumption rose sharply due to an unusual heatwave.