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BP Buys Into Namibian Oil Exploration Project

BP Buys Into Namibian Oil Exploration Project

Δευ, 8 Αυγούστου 2011 - 15:07

BP PLC (BP.LN) will invest around $50 million in a project to explore for oil and gas off the coast of Namibia, the U.K. major's latest frontier foray as it implements its new strategy of increasingly seeking out untapped resource opportunities.

Mari-Vassilikos: Did EAC Comply with Seveso Directive?

Mari-Vassilikos: Did EAC Comply with Seveso Directive?

Δευ, 8 Αυγούστου 2011 - 14:45

In the previous two Risk Watch articles in the Financial Mirror (‘A Gamble that Cost Lives’ and ‘Mari-Vassilikos Disaster: More Troubling Questions’), I outlined a number of key principles applicable to major hazard sites as well as the requirements of the EU Major Hazards Directive (the ‘Seveso II Directive’) and asked whether the official inquiries into the disaster are up to the task. In this article, I probe further and consider specifically the Electricity Authority of Cyprus (EAC), the operators of the Vassiliko power station site.

Opec Output Regains Highs

Opec Output Regains Highs

Δευ, 8 Αυγούστου 2011 - 11:44

Opec production rose last month to near levels before the outbreak of civil war shut in Libyan supply. An increase in output from Saudi Arabia and Angola helped to push Opec production to 29.98mn b/d in July, up by almost 250,000 b/d on the month. Saudi Arabia's production was up by 200,000 b/d to its highest level in three years.

400 kV Transmission Line From Podgorica Montenegro to Tirana Albania Released

400 kV Transmission Line From Podgorica Montenegro to Tirana Albania Released

Δευ, 8 Αυγούστου 2011 - 10:30

Montenegro's Deputy Prime Minister for economic policy and financial system Vujica Lazovic , together with Albanian Prime Minister Mr. Sali Berisha and German Federal Minister for Economic Cooperation and Development, Mr. Dirk Niebelom , released in Shkodra a 400 kV transmission line Podgorica-Tirana project.

Libya Rebels Say NATO Strike Kills Gadhafi Son

Libya Rebels Say NATO Strike Kills Gadhafi Son

Παρ, 5 Αυγούστου 2011 - 14:54

Libya's rebel forces on Friday said an overnight night NATO strike on an operations centre in the western town of Zliten has killed Moammar Gadhafi's son Khamis, and more than 30 others.

GDF Suez 1H Ebitda Seen +7.3%

GDF Suez 1H Ebitda Seen +7.3%

Παρ, 5 Αυγούστου 2011 - 14:53

GDF Suez's first-half earnings should be boosted by the consolidations of Agbar and International Power as well as higher oil and gas prices, in spite of adverse weather conditions over the period.

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.