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E.ON: To Hike UK Gas, Power Tariffs As Wholesale Energy Costs Rise

E.ON: To Hike UK Gas, Power Tariffs As Wholesale Energy Costs Rise

Παρ, 5 Αυγούστου 2011 - 14:53

E.ON said Friday it is raising its domestic gas and electricity tariffs for U.K. consumers by 18.1% and 11.4% respectively from Sept. 13, citing higher wholesale energy costs and becoming the fourth big U.K. supplier to hike prices.

Ernst & Young: Crude Oil Prices To Rise in Q3

Ernst & Young: Crude Oil Prices To Rise in Q3

Παρ, 5 Αυγούστου 2011 - 11:13

Crude Oil demand is set to rise in the third quarter of 2011 but there is uncertainty with regards to supplies. Therefore prices should continue to rise in the third quarter of 2011 according to indicators, even with ongoing uncertainty with respect to the economic recovery, deficit reduction initiatives in the US and the debt crisis in Europe, Ernst & Young said.

International energy price Reporting Service Argus Extends Coverage of Electricity Markets to Include Turkey

International energy price Reporting Service Argus Extends Coverage of Electricity Markets to Include Turkey

Παρ, 5 Αυγούστου 2011 - 11:12

International energy price reporting service Argus is extending its coverage of electricity markets to includeTurkeyfrom today. The expansion comes in response to growing demand for unbiased and independent information on wholesale prices, regulation and market developments inTurkeyas investment in power generation and involvement in spot trading gather pace in the country's liberalising energy sector.

Gadhafis Son Claims Pact With Rebel Libya Islamists

Gadhafi's Son Claims Pact With Rebel Libya Islamists

Πεμ, 4 Αυγούστου 2011 - 15:21

A high-profile son of Libyan leader Moammar Gadhafi said Wednesday his family had forged an alliance with Islamist rebels to drive out the secular opposition to his father's 40-year rule.

Iran Claims Progress Speeding Nuclear Program

Iran Claims Progress Speeding Nuclear Program

Πεμ, 4 Αυγούστου 2011 - 15:21

Moves by Iran to deploy more-advanced centrifuge machines for the production of nuclear fuel are raising new concerns that Tehran could significantly shorten the time it would need to produce nuclear bombs.

Iberdrola, EDF, EON Interested In Portugals EDP

Iberdrola, EDF, EON Interested In Portugal's EDP

Πεμ, 4 Αυγούστου 2011 - 15:20

Spain's Iberdrola SA (IBE.MC), Electricite de France SA (EDF.FR) and Germany's E.ON AG (EONGY) have expressed their interest in purchasing a 25.8% stake in Energias de Portugal SA (EDPFY) from the Portuguese government, reports Cinco Dias in its Thursday Internet edition, citing sector sources.

US Oil Giant Says China Spill Worse Than First Thought

US Oil Giant Says China Spill Worse Than First Thought

Πεμ, 4 Αυγούστου 2011 - 15:13

A massive oil spill off northeast China may be worse than first thought, the U.S. energy giant behind the leak said, after authorities ordered it to clean up the sea bed by Sunday.

Pendeli Monastery Investing in RES

Pendeli Monastery Investing in RES

Πεμ, 4 Αυγούστου 2011 - 13:40

With the support of the Church of Greece, Pendeli Monastery is planning an investment that is seen reaching as much as 1 billion euros in energy production through a photovoltaic park.

China Uranium Imports Down In 1st Half; Industry Awaits Nuclear Plan

China Uranium Imports Down In 1st Half; Industry Awaits Nuclear Plan

Τετ, 3 Αυγούστου 2011 - 14:44

China's uranium imports fell 13% from a year earlier in the first half of the year after Beijing halted approvals of new nuclear-power plants in March following Japan's Fukushima nuclear crisis, the state-run China Daily reported Wednesday.

Tepco Compensation Support Plan Passes Japan Parliament

Tepco Compensation Support Plan Passes Japan Parliament

Τετ, 3 Αυγούστου 2011 - 14:43

A bill to help utility Tokyo Electric Power Co. (9501.TO) meet expected massive claims over the Fukushima Daiichi nuclear accident became law Wednesday, with both ruling and opposition party support.

Gazprom Neft Posts Surge In Net Profit

Gazprom Neft Posts Surge In Net Profit

Τετ, 3 Αυγούστου 2011 - 14:43

OAO Gazprom Neft (SIBN.RS), Russia's No. 5 oil producer, Wednesday said net profit for the second quarter totaled $1.17 billion, a 56% increase from a year earlier, driven by increased sales volumes and higher crude and petroleum prices.

China Set To Explore Indian Ocean Seabed

China Set To Explore Indian Ocean Seabed

Τετ, 3 Αυγούστου 2011 - 14:43

China has won the right to explore for minerals in part of the Indian Ocean as the energy-hungry country scours the world for resources to fuel its fast-growing economy, state media said Wednesday.