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Brazil's Petrobras Seeking Up To EUR2.5B From Overseas Bond

Τετ, 30 Νοεμβρίου 2011 - 18:08

Brazilian oil company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, is planning to raise up to EUR2.5 billion from an overseas bond issue, a person familiar with the operation said Wednesday.

EU Split Over Push For Iran Oil Embargo - Diplomats

Τετ, 30 Νοεμβρίου 2011 - 18:07

The European Union is split over whether to press ahead with an Iranian oil import embargo, with European diplomats describing an intense debate on the matter ahead of a Thursday meeting of EU foreign ministers.

Over 141 Gigawatts of Offshore Wind Energy is Built or Planned in Europe

Τετ, 30 Νοεμβρίου 2011 - 12:21

Over 141 gigawatts (GW) of offshore wind energy capacity is built, under construction, consented, or planned in Europe: enough to power 130 million average EU households. These wind farms - representing 35 times more capacity than the just under 4 GW installed today - would provide 13.1% of Europe's total electricity production.

Romania Needs Annual Investments of EUR 4 Billion in the Energy Sector

Τετ, 30 Νοεμβρίου 2011 - 12:20

Varujan Vosganian, president of the energy commission within the Romanian senate, said today that Romania needs annual investments of approximately EUR 3-4 billion in the energy sector, while the Government can only cover a third of these costs.

IENE’s Annual «Energy and Development 2011» Conference Highlighted the Difficulties and Risks of Market Operation

Τετ, 30 Νοεμβρίου 2011 - 09:50

More than 300 participants attended the 16th National Energy Conference “Energy and Development 2011”, organized by IENE at the Ledra Marriot Hotel, in Athens, on November 22-23, 2011. The conference’s theme focused on “The Adjustment of the Greek Energy Market to the New Economic Reality”. This unique event attracted professionals and experts from the Greek and the international energy sector at a very critical time for the Greek economy

EU Foreign Mins To Recommend Iran Oil Embargo - Draft

Τρι, 29 Νοεμβρίου 2011 - 18:16

European Union foreign ministers will recommend additional sanctions on Iran Thursday including a possible oil import ban, the current draft of their statement says, according to several diplomats who have seen the document.

India Expects $76 Billion Investment In Oil, Gas Sector Over 2012-17

Τρι, 29 Νοεμβρίου 2011 - 18:16

India expects investment of INR3.90 trillion ($76 billion) in developing its oil and gas sector from April 2012 to March 2017, the junior oil minister said Tuesday.

China Solar Firms Oppose US Probe Into Dumping Allegations

Τρι, 29 Νοεμβρίου 2011 - 18:15

Major Chinese solar companies have reacted sharply to U.S. probes into Chinese exports of solar products, warning that such investigations would hurt American jobs.

UK: GBP250M To Shield Energy Intensive Industry From Power Prices

Τρι, 29 Νοεμβρίου 2011 - 18:15

U.K. Chancellor of the Exchequer George Osborne Tuesday announced GBP250 million of measures to help shield energy-intensive industries, such as the those in the steel, cement and chemical sectors, from rising electricity costs as a result of environmental policies, so the companies can remain competitive.

Total To Challenge French Govt Decision On Shale Gas

Δευ, 28 Νοεμβρίου 2011 - 18:44

French oil and gas giant Total SA (TOT, FP.FR) plans to challenge the French government's decision to cancel its exploration permit for a shale gas field in Montelimar, in the south of France, reported Les Echos Monday.

Anadarko: Mozambique Gas Find One Of The Most Significant In 10 Years

Δευ, 28 Νοεμβρίου 2011 - 18:43

Anadarko Petroleum Corp. (APC) further upgraded its estimates Monday for gas reserves offshore Mozambique that could exceed 30 trillion cubic feet.

Crude Soars On Geopolitical Tensions, Euro Zone Optimism

Δευ, 28 Νοεμβρίου 2011 - 18:43

Crude futures soared Monday on the prospect of a European Union ban on Iranian oil imports and renewed optimism that European politicians are making headway in their efforts to contain the region's ongoing debt crisis.

Japan Insurers Said Not To Renew Contract For Fukushima Nuclear Plant

Δευ, 28 Νοεμβρίου 2011 - 18:42

A consortium of 23 Japanese property and casualty insurers has told Tokyo Electric Power Co. (9501.TO) that it will not renew insurance expiring Jan. 15 on the utility's Fukushima Daiichi nuclear plant, source of the nation's worst-ever nuclear accident, sources close to the matter said Monday, the Kyodo news service reported.