English Edition

Libya Rebels Face Offensive By Gadhafi Forces

Δευ, 8 Αυγούστου 2011 - 15:08

Rebels defended their positions Monday in key western towns in the face of an offensive by Libyan leader Moammar Gadhafi's troops, holding on to strategic Bir Ghanam but suffering casualties in Zliten.

International Power, GDF SUEZ: New Wind Energy Projects In Canada

Δευ, 8 Αυγούστου 2011 - 15:07

GDF SUEZ and International Power PLC (IPR.LN), 70% owned by GDF SUEZ, Monday announced further progress in developing wind energy in Canada with new Power Purchase Agreements, or PPAs, secured for two 99MW wind farms in Ontario and the start of construction of Cape Scott 1, a 99MW wind development in British Columbia.

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?

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

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

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.

Outages Prompt China Electricity Watchdog Checks On Wind Farms

Παρ, 5 Αυγούστου 2011 - 14:55

China's electricity regulator is planning nationwide equipment and safety checks on wind-power farms in August, in the wake of several large-scale outages caused by turbine and connectivity problems.

China May See Crude Imports Surge, Lower Fuel Prices, As Oil Falls

Παρ, 5 Αυγούστου 2011 - 14:54

China could see a surge in crude-oil imports in the weeks ahead if refiners and state-owned oil companies take advantage of an opportunity to stock up on cheap oil.

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.

Indonesia Official: BP-Led Consortium To Build 3rd LNG Plant In Tangguh In 2015

Παρ, 5 Αυγούστου 2011 - 14:53

A consortium led by BP PLC (BP) will start constructing the third natural gas liquefaction plant at the Tangguh facility in 2015, the chairman of the upstream Oil and gas regulator BPMigas said Friday.

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

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

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.