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Germany Forced To Tap Into Electricity Reserves

Πεμ, 9 Φεβρουαρίου 2012 - 18:37

Germany was forced to draw on its reserves for producing electricity Wednesday for the second time this winter as Europe is gripped by a severe cold snap.

Saudi To Keep March Oil Supply To Europe Steady -Trade

Πεμ, 9 Φεβρουαρίου 2012 - 18:37

Saudi Arabian Oil Co., or Saudi Aramco, will supply full term volumes of crude to its European customers in March, unchanged from last month, people familiar with the situation at three European customers told Dow Jones Newswires Thursday.

OPEC Slashes Oil Demand View For 2012 But Still Pumps More

Πεμ, 9 Φεβρουαρίου 2012 - 18:37

OPEC Thursday scissored its demand numbers for 2012 again as Asian growth slows, but the group still pumped at levels not seen in three years as Iranian disruptions fears continues.

Venezuela Sees Rising Oil Exports To China; PdVSA Revenue Jumps

Πεμ, 9 Φεβρουαρίου 2012 - 18:36

Venezula plans to send as much oil to China as it does to its traditionally largest buyer, the U.S., within the next three years, Oil Minister Rafael Ramirez said Thursday.

Clouds Over Solar Project

Πεμ, 9 Φεβρουαρίου 2012 - 15:09

The German government poured cold water on Greek hopes of support for a mammoth photovoltaics project named Helios that would see the installation of a solar panel system in Greece and the power produced transmitted to Germany.

Turkey Hopes To Resume Gas Supply To Greece By Wed-Minister

Τρι, 7 Φεβρουαρίου 2012 - 18:52

Turkey hopes to restore gas supplies to Greece by Wednesday after technical problems stopped gas destined for Greece reaching Turkey from Azerbaijan and Iran, Turkish energy minister Taner Yildiz said Tuesday.

Gadhafi Opponent Named As Libya's New Spy Chief

Τρι, 7 Φεβρουαρίου 2012 - 18:52

Libya's ruling National Transitional Council on Tuesday appointed an opponent of slain dictator Moammar Gadhafi as the country's new intelligence chief, a member of the council told AFP.

EU Considering How To Strengthen CO2 Market -Climate Chief

Τρι, 7 Φεβρουαρίου 2012 - 18:51

The European Union's executive body is considering how to strengthen the bloc's carbon market, the Commissioner for Climate Change said Tuesday, in a sign that the debate on how to boost carbon dioxide prices is catching the attention of the highest policy makers in the EU.

EU Energy Chief: EU Biofuel Policy Must Be Sustainable

Τρι, 7 Φεβρουαρίου 2012 - 18:51

The European Union has to make sure its biofuel policy is sustainable before moving beyond a current target it has set for 2020, the European Energy Commissioner said Tuesday.

Anadarko CEO: Shale Accounted For 10% Of Oil, Gas Output In 2011

Τρι, 7 Φεβρουαρίου 2012 - 18:51

Oil and gas from shale fields now account for 10% of Anadarko Petroleum Corp.'s (APC) production, up from 1% just a few years ago, Chief Executive Jim Hackett said Tuesday.

EU Raids Firms Managing Power Exchanges In Several Member States

Τρι, 7 Φεβρουαρίου 2012 - 18:50

The European Commission said it raided firms managing power exchanges in several member states Tuesday on suspicion of possible cartel practices.

Cyprus to Start Second Oil and Gas Licensing Next Week

Τρι, 7 Φεβρουαρίου 2012 - 18:36

Cyprus will announce a second hydrocarbons licensing round for oil and gas offshore in mid-February, its energy minister said on Tuesday.

Kick Off of the ENPI MED ALGAE Project “Production of Biodiesel from Algae in Selected Mediterranean Countries”

Δευ, 6 Φεβρουαρίου 2012 - 18:19

Nowadays the efforts have been intensified in order to find alternative fuels to replace petroleum products and reduce greenhouse gas emissions. One of the main problems with biodiesel is to have available sufficient raw material for production. A solution to this problem seems to be the cultivation of microalgae that are found in seawater or wastewater. The microalgae have a higher yield for biodiesel production in relation to energy crops.

Italy Gas Situation Critical; May Suspend Firms Supplies

Δευ, 6 Φεβρουαρίου 2012 - 18:17

Industry Minister Corrado Passera Monday said the situation of natural gas supplies to Italy is critical, but well monitored as domestic consumption reached a record high from the bitter cold and after supplies from Russian have been lower than requested for almost a week.

Iraq Resumes North Oil Exports After Weekend Halt - Shipper

Δευ, 6 Φεβρουαρίου 2012 - 18:17

Iraqi oil exports through the northern pipeline to the Turkish port of Ceyhan are running at around 550,000 barrels a day after a weekend interruption, a Middle East shipping agent told Dow Jones Newswires Monday.

French Power Grid Calls For Consumption Moderation Amid Cold

Δευ, 6 Φεβρουαρίου 2012 - 18:17

French power grid company Reseau de Transport d'Electricite, or RTE, Monday called on the country's local authorities to help moderate electricity consumption, which should reach a record high later in the day or Tuesday due to the unusually cold weather.