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Trans Adriatic Pipeline Begins ESIA Submission Process in Greece

Τρι, 7 Ιουνίου 2011 - 15:25

The Trans Adriatic Pipeline (TAP) announced today that it has commenced its Environmental and Social Impact Assessment (ESIA) process in Greece. The submission of its Scoping Report to the Greek authorities comes after similar moves in Albania and Italy earlier this year and will follow the European Bank for Reconstruction and Development’s (EBRD) guidelines, recognised as the benchmark for international best practice.

Siemens to Hire 340 Low-Carbon Grid Experts

Τρι, 7 Ιουνίου 2011 - 15:23

Siemens is to hire 340 engineers at a new research and manufacturing centre in Manchester, who will be tasked with building high-voltage direct current transmission systems capable of efficiently transporting electricity hundreds of miles from remote offshore wind farms.

BP Plans to Sell Half of TNK-BP Stake

Τρι, 7 Ιουνίου 2011 - 15:22

BP Plc is preparing to sell half of its 50 percent stake in Russia's third-largest oil producer TNK-BP to state-controlled Rosneft, the Wall Street Journal reported on Tuesday.

Germany Sticks To Solar Subsidy Reduction Plan, One-off Cut Scrapped

Δευ, 6 Ιουνίου 2011 - 17:44

The German government Monday passed a bill that foresees further reductions of subsidies for electricity produced by photovoltaic solar energy--such as rooftop facilities--depending on the amount of generation capacity added each year.

Enel Green Power, Generali, Terrae Finalize Biomass Deal

Δευ, 6 Ιουνίου 2011 - 17:44

Italy's Enel Green Power SpA (EGPW.MI) said Monday it finalized with Assicurazioni Generali SpA (G.MI) and agricultural company Terrae an agreement to promote the use of biomass to generate electricity.

Saudi Oil Min: Decision To Raise Output Ceiling Not Certain Yet

Δευ, 6 Ιουνίου 2011 - 17:43

Saudi Oil Minister Ali Naimi said it is too early to say if OPEC will definitely raise its output ceiling later this week, according to an interview published Monday in the Saudi daily newspaper, Al-Eqtisadiah.

IEA Chief: Germany Should Discuss Nuclear Exit With EU

Δευ, 6 Ιουνίου 2011 - 17:43

Germany's decision to exit nuclear energy should be taken within the framework of the European Union, the head of the International Energy Agency said Monday.

French Hydropower Generation -30% On Year Because Of Drought

Δευ, 6 Ιουνίου 2011 - 17:43

French hydropower generation so far this year has fallen 30% year-on-year because of the current drought, the country's Industry and Energy Minister Eric Besson said Monday in a TV interview.

Germany OKs Nuclear Exit Strategy Eying More Wind, Gas Power

Δευ, 6 Ιουνίου 2011 - 17:42

Germany's cabinet Monday approved a series of laws to make possible an exit from atomic energy by the end of 2022, including measures for a massive increase of onshore and offshore wind power, the accelerated expansion of the electricity grid, and more gas-fired generation capacity.

Greenpeace Activists Removed From Cairn Arctic Rig

Πεμ, 2 Ιουνίου 2011 - 15:11

Activists of the environmental group Greenpeace who boarded an oil rig off the coast of Greenland in a bid to disrupt an imminent drilling campaign by Cairn Energy PLC (CNE.LN) have been removed by Greenland authorities, Cairn Energy said Thursday.

Yingli Green Energy Subsidiary Receives RMB 1.16 Billion Five-Year Bank Loan

Πεμ, 2 Ιουνίου 2011 - 15:11

Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar," today announced that Yingli Energy (China) Company Limited ("Yingli China"), a wholly-owned subsidiary of Yingli Green Energy, has received a five-year loan of RMB 1.16 billion from the China Citic Bank, Shijiazhuang Branch ("CITIC") and the Bank of China, Baoding Branch ("BOC").

Qatar Absent From Major Gas Summit In Cairo

Πεμ, 2 Ιουνίου 2011 - 15:10

Qatar, the world's biggest exporter of liquefied natural gas, didn't participate in a scheduled meeting of top gas exporting nations in Egypt's capital Cairo Thursday due to "extraordinary circumstances," the secretary general of the Gas Exporting Countries Forum, or GECF, said.

Oil Bull Cites Saudi Ring Of Fire

Πεμ, 2 Ιουνίου 2011 - 15:10

One nice thing about nasty economic news: softer oil prices---but not for long, according to the champion oil bull. On Wednesday, Nymex crude closed below $100, at $99.72. It has been over $115 within the last year.

Gazprom: To Reach Pre-Crisis Output 2013, Sees Increase In 2014

Τετ, 1 Ιουνίου 2011 - 18:49

Russian state-controlled natural gas monopoly OAO Gazprom expects to reach its "pre-crisis production level" in 2013, for which it needs to put the Yamal field on-line in 2012, the company's Deputy Chief Executive Alexander Ananenkov said Wednesday. Speaking at a televised press conference, he said the company is aiming to reach a production level of about 550 billion cubic meters (BCM) of gas, first reached in 2006, in 2013

Kogas Signs Initial Contract for Iraq Gas Field

Τετ, 1 Ιουνίου 2011 - 18:48

Korea Gas Corp. Wednesday signed an initial contract to develop one of Iraq's largest gas fields after a delay of more than seven months, a senior Iraqi oil official said. "We have signed with Kogas today an initial contract to develop Akkas gas field," Abdul Mahdy al-Ameedi, head of the Iraqi Oil Ministry's Petroleum Contracts and Licensing Directorate, told Dow Jones Newswires by telephone from Baghdad

Statoil Says Nat Gas Growth Needs Political Support

Τετ, 1 Ιουνίου 2011 - 18:45

Norwegian energy giant Statoil ASA is keen to deepen its investment in new gas production, but wants policy makers to first embrace the fuel, a top executive said. "In order for us to invest, we must receive firm signals that gas will play an important role in future energy politics," Eldar Saetre, executive vice president for Statoil's marketing, processing and renewable energy business unit, said in an interview with Dow Jones Newswires