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Bulgarian Energy Minister Hints at New NPP Contract with Russia

Δευ, 30 Μαΐου 2011 - 14:58

Bulgaria's Economy and Energy Minister, Traicho Traikov, announced the country is to, most likely, present to Russia a new project for contract for the Nuclear Power Plant, NPP, in the Danube town of Belene.

Chevron Won a Tender for Bulgarian Shale Gas Exploration

Δευ, 30 Μαΐου 2011 - 14:58

U.S. energy firm Chevron has won a tender to carry out shale gas exploration work at a potentially huge field in northeast Bulgaria, Economy and Energy Minister Traicho Traikov said on Saturday.

Big Boys Enter Solar Race

Δευ, 30 Μαΐου 2011 - 14:57

Further mergers in the solar energy sector are unavoidable due to high competition as well as pressure from China, says Arno Behrens, head of energy at the Centre for European Policy Studies (CEPS), a Brussels-based think-tank.

China Plans To Produce 3.79 Bln Tons Coal Annually By 2015

Παρ, 27 Μαΐου 2011 - 19:08

China plans to produce 3.79 billion metric tons of coal a year by 2015, up 17% from last year's output, the Shanghai Securities News reported Friday citing a draft development plan prepared by the government.

Indonesia Official: BP To Invest $10 Bln More Over 10 Years

Παρ, 27 Μαΐου 2011 - 19:08

BP PLC (BP.LN) is committed to investing $10 billion more in Indonesia over the next 10 years, Gita Wirjawan, Indonesia's investment agency chief, said Friday.

German Nuclear Moratorium To Add 25M Ton/year CO2 Emissions

Παρ, 27 Μαΐου 2011 - 19:06

Germany's moratorium on nuclear power generation will add around 25 million metric tons a year to the country's carbon dioxide emissions, which will have to be offset elsewhere by replacing coal-fired power with cleaner gas-burning plants, the International Energy Agency said Friday.

EU, Iraq Sign Agreement On Natural Gas Supply

Παρ, 27 Μαΐου 2011 - 19:06

Iraq committed to supply natural gas to the European Union in the long term as part of an agreement signed with the European Commission, but no export volumes were mentioned, the EU's executive said Friday.

Russia Could Partner With Shell In Arctic - Putin

Παρ, 27 Μαΐου 2011 - 19:05

Russian Prime Minister Vladimir Putin said Friday that Russia could partner in the Arctic with Royal Dutch Shell PLC (RDSA) after a share swap and oil exploration agreement with BP PLC (BP) collapsed last week.

Statoil Plans Gradual Move Into Renewables

Παρ, 27 Μαΐου 2011 - 19:05

Norwegian oil and gas firm Statoil ASA (STL.OS STO) has seen an increased interest for renewables following the Fukushima nuclear disaster, but for green energy to compete with other investment opportunities and play a bigger role in the company's future, costs must come down.

Saudi Arabia's Sabic Not Considering Sukuk Issue This Yr - CEO

Πεμ, 26 Μαΐου 2011 - 17:21

SaudiBasic Industries Corp., or Sabic, the Middle East's largest listed company, isn't considering issuing any Islamic bonds, or sukuk, this year but is mulling other funding options, the petrochemical giant's top executive said Thursday. Mohammed Al Mady, Sabic's chief executive officer and vice chairman, said on the sidelines of the Arabic Economic Forum in Beirut that the company has the capability to finance its operations through means other than sukuk and conventional bonds such as commercial banks or its own equity

Kogas To Develop Iraq Akkas Gas Field; Others Interested

Πεμ, 26 Μαΐου 2011 - 17:20

Korea Gas Corp., or Kogas, said Thursday that it will go ahead with the development of one of Iraq's largest gas fields despite the recent withdrawal of its foreign partner in the project. The Korean state-run gas company's decision comes at a time of increasing interest by South Korean companies in business opportunities in war-ravaged Iraq, including in its huge upstream resources sector and in major infrastructure and power projects

Interview: Nuclear Crisis May Boost Japan-Russia LNG Plan -Japex

Πεμ, 26 Μαΐου 2011 - 17:19

Prospects for a major Russia-Japan joint-venture liquefied natural gas project receiving a final go-ahead have improved as a consequence of Japan's earthquake and nuclear disaster, the head of one of the companies involved said Thursday. "It will accelerate our LNG project with Russia," Osamu Watanabe, president of oil and gas explorer Japan Petroleum Exploration Co., told Dow Jones Newswires

Shtokman Development Cost To Rise With Markets - Executive

Πεμ, 26 Μαΐου 2011 - 17:17

The cost of developing the Shtokman Arctic gas and condensate field will "of course" rise along with increasing market prices, Andre Goffart, deputy chief executive of Shtokman Development AG said Thursday. Speaking on the sidelines of an oil and gas conference in Paris, Goffart said cost was an issue, but he declined to disclose any amount