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Unsustainable UK Solar Subsidies Should Be Halved - Govt

Δευ, 31 Οκτωβρίου 2011 - 18:53

A popular subsidy to incentivize U.K. citizens to switch to solar power had become too expensive to maintain and should be cut by half, the government said Monday, a move that some solar panel manufacturers and consumer groups warned will lead to industry job losses and set back attempts to encourage households to generate their own electricity as a cheaper and secure alternative.

CEZ Sets Deadline Of July 2, 2012 For Nuclear Reactor Tender

Δευ, 31 Οκτωβρίου 2011 - 18:53

The Czech Republic's 70% state-owned power company CEZ AS (BAACEZ.PR) on Monday set July 2, 2012 as the deadline for bids in a tender to build two new nuclear reactors, and said a winner will be chosen in late 2013.

Nabucco Pipeline Investment Decision To Come At Year-End

Δευ, 31 Οκτωβρίου 2011 - 18:52

Germany's nuclear phase-out has given the planned Nabucco gas pipeline a boost by raising the need for imported energy, but a final investment decision won't be made until the end of 2012, meaning construction wouldn't begin before 2013, the pipeline's managing director told Dow Jones Energy Daily.

TNK-BP Buys 45 pct Stake in Brazilian Oil and Gas Deposit

Δευ, 31 Οκτωβρίου 2011 - 17:15

Russian-British oil joint venture TNK-BP has bought a 45 percent stake in an oil and gas deposit in Brazil from local firm HRT O&G for an undisclosed sum, TNK-BP said in a statement on Monday.

GDF Inks Huge Chinese LNG Deals

Δευ, 31 Οκτωβρίου 2011 - 17:15

GDF Suez has penned a deal worth $4 billion with China Investment Corporation (CIC) covering an LNG play in Trinidad & Tobago.

Iran Raises Crude Oil Exports to Turkey

Δευ, 31 Οκτωβρίου 2011 - 15:59

The Islamic Republic of Iran has signed new deal with Turkey to surge oil exports, a National Iranian Oil Company (NIOC) official said on Sunday.

Panetta: North Korea Bars Return Of Workers From Libya

Πεμ, 27 Οκτωβρίου 2011 - 18:24

North Korea is refusing to let 200 workers return from Libya because it fears they will spread word about the fate of Moammar Gadhafi, U.S. Defense Secretary Leon Panetta said Thursday.

Saudi Aramco Stops Leak At Safaniya Oil Field

Πεμ, 27 Οκτωβρίου 2011 - 18:23

Sinopec Profit Lifted By Higher Oil Prices

Πεμ, 27 Οκτωβρίου 2011 - 18:23

China Petroleum & Chemical Corp. (SNP), or Sinopec, said Thursday its third-quarter net profit rose 3% from a year earlier under international accounting standards, helped by higher oil prices.

General Electric Selling 350 Wind Turbines To BP's Wind Energy Arm

Πεμ, 27 Οκτωβρίου 2011 - 18:23

General Electric Co. (GE) said Thursday it is selling 350 wind turbines to BP PLC's (BP, BP.LN) wind energy arm in a deal valued at roughly $750 million.

Libya To Try Gadhafi Killers

Πεμ, 27 Οκτωβρίου 2011 - 18:22

Libya's new rulers said Thursday they would prosecute the killers of ousted dictator Moammar Gadhafi following the international outcry over the circumstances of his death.

Exxon Mobil 3Q Profit Soars 41%; Production Drops

Πεμ, 27 Οκτωβρίου 2011 - 18:22

Exxon Mobil Corp. (XOM) said Thursday its third-quarter earnings surged about 41% despite a drop in production as it continued to benefit from climbing oil prices and a stronger refining margin.

IEA Urges Greece to Reform its Energy Market and Boost Economy

Πεμ, 27 Οκτωβρίου 2011 - 15:31

Increasing competition and reducing the role of the state in Greece's energy sector could make a significant contribution to the country's economic recovery, according to a review of Greek energy policies published today by the International Energy Agency (IEA).

Gazprom Mulls Electric Power Projects in Japan

Πεμ, 27 Οκτωβρίου 2011 - 14:28

Russian energy giant Gazprom is looking at the prospects for electric power projects in Japan with local supply companies, Gazprom said on Thursday.

Gas Production in Arctic to Grow to 250 billion cubic meters by 2020

Πεμ, 27 Οκτωβρίου 2011 - 14:28

Natural gas production in the Arctic may grow to 250 billion cubic meters by 2020, the president of the Russian Gas Society, State Duma Deputy Speaker Valery Yazev, said on Thursday. Yazev was speaking on the sidelines of the Russia-German raw materials forum, of which he is a co-chairman.

Gazprom Eager to Expand in Asia

Τετ, 26 Οκτωβρίου 2011 - 19:12

Asia holds potential as a growth market for natural gas, the deputy chairman of Russian giant Gazprom's management committee said, the Nikkei reported in its Wednesday morning edition.