English Edition

EDF CFO: Would Own 80% In Edison If New Offer Accepted

Δευ, 24 Οκτωβρίου 2011 - 18:56

French state-controlled power giant Electricite de France SA (EDF.FR) will own 80% directly and indirectly in Italian utility Edison SpA (EDN.MI) from 50% currently if its latest offer to Italian partners is accepted and the put option exercised as planned in three year's time, EDF's Chief Financial Officer Thomas Piquemal said Monday.

Bolivia Reaches Agreement With Amazon Protesters

Δευ, 24 Οκτωβρίου 2011 - 18:55

The Bolivian government and representatives of Amazon native protesters reached an agreement Monday ending two months of protests that have eroded support for President Evo Morales.

Energean Appoints New Exploration Director

Δευ, 24 Οκτωβρίου 2011 - 17:51

Energean Oil & Gas, an independent E&P company with operations in Greece and Egypt, announced today the appointment of Andrew Grosse to the position of Group Exploration Director. Andrew will also join the Board of Energean Oil & Gas with immediate effect.

Noble Energy CEO Admits Problems at Block 12 Well

Δευ, 24 Οκτωβρίου 2011 - 15:03

Unexpected technical problems have emerged in the Block 12 concession in Cypriot waters, admitsNoble Energy Inc. Chairman and CEO Charles Davidson. However, Davidson claims that these problems will not affect drilling chances for success.

ITGI Most Optimal for Azerbaijani Gas Exports to Europe

Δευ, 24 Οκτωβρίου 2011 - 15:02

Azerbaijan should express its feedback regarding export of Shah Deniz gas as immediately as it can. The statement came from Energy, Environment and Climate Change Minister of Greece Popu Konstantinos at a press conference on his visit to Azerbaijan.

EU Proposes New Legislation for Speeding Up and Financing New Energy Infrastructure

Δευ, 24 Οκτωβρίου 2011 - 14:35

The European Commission on Thursday proposed new EU legislation for speeding up and financing new energy infrastructure. “€9.1 billion of financial support from the EU budget for priority projects is substantially more money than was provided in the past”, said Christian Kjaer, Chief Executive Officer of the European Wind Energy Association (EWEA), referring to the Connecting Europe facility.

IEA Top Economist Calls for Bonfire of the Fossil Fuel Subsidies

Δευ, 24 Οκτωβρίου 2011 - 14:34

The chief economist of the International Energy Agency (IEA) has urged the world to slash hundreds of billions of dollars of fossil fuel subsidies or face the prospect of a catastrophic 3.5 degrees Centigrade rise in global temperatures.

By 2020 RF To Produce 520 mln t of oil, 850 bln cm of Gas

Δευ, 24 Οκτωβρίου 2011 - 14:31

The Russian Ministry of Energy forecasts that by 2020 Russia will begin annually producing 500-520 million tonnes of oil and up to 850 billion cubic metres of gas. These figures were given by Deputy Minster of Energy Anatoly Yanovsky at the International Energy Week.

LUKoil to Invest $3 bln A Year in Oil Refining in 2012-2014

Δευ, 24 Οκτωβρίου 2011 - 14:30

Russia's largest private oil company, LUKoil, plans to invest $3 billion annually in oil refining in the next three years, First Vice-President for Refining, Marketing and Distribution Vladimir Nekrasov said on Monday.

Cyprus, Lebanon Ready to Talk About Offshore LNG Drilling

Παρ, 21 Οκτωβρίου 2011 - 16:42

Cyprus Foreign Minister Erato Kozakou Markoullis has invited her Lebanese counterpart, Adnan Mansour, to visit Nicosia over the next few days to discuss the thorny issue of the delineation of the offshore Exclusive Economic Zone, now that Texas-based Noble Energy has already started drilling to find natural gas deposits.

LNG South East Europe Conference (24 November, 2011)

Παρ, 21 Οκτωβρίου 2011 - 09:18

“LNG Journal”, the world’s leading LNG publication, organizes the LNG South East Europe Conference on “Supply Diversification, Trading and Operational Challenges for the Region”. The Conference takes place on Thursday 24th November 2011, in Athens, Greece (Metropolitan Hotel). The Institute of Energy for South East Europe (IENE) is the Media Partner of this important energy event

SolarWorld Prepares Dumping Complaint Against China With EU

Πεμ, 20 Οκτωβρίου 2011 - 18:24

German solar company SolarWorld AG (SWV.XE) said Thursday it plans to complain over what it calls unfair competition from China in the European Union.

Lukoil Gets Romanian Government Approval For Black Sea Project

Πεμ, 20 Οκτωβρίου 2011 - 18:24

Russia's biggest independent oil producer OAO Lukoil Holdings (LKOH.RS) said Thursday the Romanian government has approved a deal to enable it to explore and develop two offshore blocks in the Black Sea.