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Top Scientists Condemn EU Land Use Values for Biofuels

Top Scientists Condemn EU Land Use Values for Biofuels

Παρ, 7 Οκτωβρίου 2011 - 14:12

Over 100 top scientists and economists have written to the European Commission calling for indirect land use change (ILUC) to be accounted for in EU biofuels policy making. The letter, seen by EurActiv, argues that assigning biofuels a zero or "carbon neutral" emissions value – as the EU has done – “is clearly not supported by the [best available] science”.

Greece To Invite Oil Exploration In January

Greece To Invite Oil Exploration In January

Πεμ, 6 Οκτωβρίου 2011 - 18:26

Greece in January will invite offers for oil exploration off its western shores in the hopes of tapping reserves of some 280 million barrels, the junior energy minister said Thursday.

RWE, Gazprom To Continue Power Market JV Talks To End 2011

RWE, Gazprom To Continue Power Market JV Talks To End 2011

Πεμ, 6 Οκτωβρίου 2011 - 18:24

German utility RWE AG (RWE.XE) said Thursday it has agreed to extend talks with Russian natural gas monopoly Gazprom OAO (GAZP.RS) to examine a possible electricity production joint venture in western Europe.

Russia: Total and Novatek to Join Forces for Development of Yamal LNG

Russia: Total and Novatek to Join Forces for Development of Yamal LNG

Πεμ, 6 Οκτωβρίου 2011 - 18:23

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) today signed with Novatek the final agreements to jointly develop the Yamal LNG project, becoming the main international partner on this gas liquefaction project with a 20% share. Novatek intends to keep at least 51% interest in the project.

Putin: Russia May Liberalize Gas Export Market Someday

Putin: Russia May Liberalize Gas Export Market Someday

Πεμ, 6 Οκτωβρίου 2011 - 18:23

Russian Prime Minister Vladimir Putin on Thursday said the country may liberalize its natural gas export market, currently controlled by state-controlled OAO Gazprom (GAZP.RS).

Turkey To Keep On Gas Search In The Mediterranean

Turkey To Keep On Gas Search In The Mediterranean

Πεμ, 6 Οκτωβρίου 2011 - 18:23

Turkey will continue searching for gas and oil in the Mediterranean, where the rival Greek Cypriot government has already started drilling, the Turkish energy minister said Thursday.

Eni Says Italy Retail Bond Sale Worth Up To EUR1.35 Bln

Eni Says Italy Retail Bond Sale Worth Up To EUR1.35 Bln

Τετ, 5 Οκτωβρίου 2011 - 17:56

Eni SpA (E), Italy's biggest energy company by market value, said the six-year bond it will sell to households will be worth up to EUR1.35 billion, more than originally planned, on higher demand.

OPEC Chief: Piracy May Spread If No Onshore Solution

OPEC Chief: Piracy May Spread If No Onshore Solution

Τετ, 5 Οκτωβρίου 2011 - 17:56

Somalian piracy could spread further unless an onshore solution is found, the secretary general of the Organization of Petroleum Exporting Countries said in an interview published Tuesday.

Shell: More Than 100 Oil Wells Drilled In Jordan In 2 Years

Shell: More Than 100 Oil Wells Drilled In Jordan In 2 Years

Τετ, 5 Οκτωβρίου 2011 - 17:54

Royal Dutch Shell PLC (RDSA) has drilled more than 100 wells in Jordan in the two years since it a concession agreement to explore for oil from the country's vast oil shale reserves, a person familiar with the project said.

OMV To Price EUR500M 10-Year Bond Issue At Tighter End

OMV To Price EUR500M 10-Year Bond Issue At Tighter End

Τετ, 5 Οκτωβρίου 2011 - 17:53

Austrian oil and gas group OMV AG (OMV.VI) has tightened price guidance on its EUR500 million, 10-year bond issue, at 185 basis points over midswaps, one of the banks running the deal said Wednesday.

Bulgarias Belene NPP Project Passes Safety Stress-Test

Bulgaria's Belene NPP Project Passes Safety Stress-Test

Τετ, 5 Οκτωβρίου 2011 - 14:46

The project for Bulgaria's second nuclear power plant in Belene has met the international "stress-test" safety requirements, announced Russian state company Atomstroyexport, which is supposed to construct the Belene NPP.

BP Top Manager May Join Russias Oil Giant Rosneft

BP Top Manager May Join Russia's Oil Giant Rosneft

Τετ, 5 Οκτωβρίου 2011 - 14:45

Larry Bates, a former BP top manager, who supervised the failed tie-up deal in January between the British oil giant and Russia's largest state-run oil company Rosneft, may join the local firm as vice president, Kommersant business daily said on Wednesday quoting a Rosneft official.