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IEA Says Action Needed Now to Sustainably Enhance Energy Security and Avert Climate Change

Τρι, 6 Δεκεμβρίου 2011 - 16:57

International Energy Agency Executive Director Maria van der Hoeven today called on countries to step up efforts to avert climate change, noting that to do so requires addressing their energy security concerns in a sustainable manner.

Credit Crunch Stalls Solar Energy Deals

Τρι, 6 Δεκεμβρίου 2011 - 15:42

Lack of credit in the market is likely to see the deadline for the installation and operation of photovoltaics to the capacity of 200 megawatts being missed.

Iran OPEC Governor: Producers, Consumers Like Current Oil Prices

Δευ, 5 Δεκεμβρίου 2011 - 18:50

A top Iranian oil official said Monday that both producers and consumers are happy with the current oil prices and that the Organization of Petroleum Exporting Countries will have to discuss demand in the first half of next year when it meets in Vienna Dec. 14.

GE Signs $300M Contract With Saudi Electricity To Expand Power Plants

Δευ, 5 Δεκεμβρίου 2011 - 18:50

General Electric Co. (GE) signed a $300 million contract with Saudi Electricity Co. (5110.SA) to expand six power plants across Saudi Arabia in order to meet increased power demand and avoid blackouts.

China Sets Tough Conditions For Binding Climate Agreement After 2020

Δευ, 5 Δεκεμβρίου 2011 - 18:49

China could agree to binding emissions cuts after 2020 if developed countries take far-reaching steps to mitigate climate change by then, a top Chinese official said Monday, in a subtle shift that could put the onus on countries such as the U.S. to take action.

Greenpeace Fuels Concern About Nuclear Power

Δευ, 5 Δεκεμβρίου 2011 - 18:48

Even though it was short-lived and ended peacefully, Greenpeace activists' infiltration of one of France's nuclear plants Monday proved a point: the country's nuclear plants' security might not be as tight as it should be.

Noble Energy To Issue 10-Yr Bonds In US Bond Market Monday

Δευ, 5 Δεκεμβρίου 2011 - 18:47

Noble Energy Inc. (NBL) intends to issue an undetermined amount of 10-year bonds in the U.S. bond market Monday, according to a person familiar with the issue.

Vattenfall Stops EUR1.5B Investment In German CCS Plant

Δευ, 5 Δεκεμβρίου 2011 - 18:47

Swedish state-owned utility Vattenfall AB Monday announced the energy company will stop its plans for a carbon capture and storage demonstration plant in Germany due to lack of political will in the country, abandoning a EUR1.5 billion investment.

Cyprus Approves Delek Units Block 12 Rights

Δευ, 5 Δεκεμβρίου 2011 - 16:28

Delek Group Ltd. units Delek Drilling LP and Avner Oil and Gas LP received Cypriot government approval for 30% of Block 12 rights, held by US exploration company Noble Energy Inc., to be transferred to them, Cypriot website "inews" reports.

Delek to Hold Energy Exploration Talks in Greece

Δευ, 5 Δεκεμβρίου 2011 - 16:27

Delek Group Ltd. executives are expected in Athens this week to hold initial talks with the Greek government over energy exploration south of Crete, Greek financial website "Capital" reports.

E.ON Sells its Bulgarian Power Utility E.ON Bulgaria

Δευ, 5 Δεκεμβρίου 2011 - 14:32

German company E.ON has decided to shed its Bulgarian power utility E.ON Bulgaria due to an overregulated market and political attacks by senior government officials, according to Bulgarian comentators.

China To More Than Double Wind Power Capacity By 2015

Παρ, 2 Δεκεμβρίου 2011 - 18:55

China plans to more than double its wind power capacity to 100 million kilowatts by 2015, the official Xinhua news agency said Friday, citing a report from China's State Electricity Regulatory Commission.

Table Of 20 Largest U.S. Cos. By Market Capitalization

Παρ, 2 Δεκεμβρίου 2011 - 18:55

Table Of 20 Largest U.S. Cos. By Market Capitalization, Data as of close on December 1, 2011

IEA's Birol: Recession, Arab Spring Pose Major Energy Risks

Παρ, 2 Δεκεμβρίου 2011 - 18:54

The Arab Spring and the possibility of a double-dip recession pose significant risks to the world's ability to have secure energy supplies and mitigate climate change, the chief economist of the International Energy Agency said Friday.

MOL: Croatian Unit INA To Invest HRK20 Billion, 2011-2015

Παρ, 2 Δεκεμβρίου 2011 - 18:54

Hungarian oil and gas firm MOL Nyrt.'s (MOL.BU) Croatian arm INA-Industrije Nafte d.d. (INA.ZG) plans to invest 20 billion Croatian kuna ($3.6 billion) between 2011 and 2015, MOL said Friday.

Shell Ceases Activities In Syria Amid Fresh Sanctions

Παρ, 2 Δεκεμβρίου 2011 - 18:53

Royal Dutch Shell PLC (RDSA) said Friday it will pull out of Syria amid a wave of tighter sanctions against President Bashar al-Assad's regime following his violent crackdown on protesters.