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Eni Agrees To Additional Activities In Egypt

Τρι, 7 Ιουνίου 2011 - 17:14

Eni SpA (E), Italy's biggest energy company by market value, said Tuesday it agreed with Egypt for additional activities in the North African country, bringing its total investments there in the coming years to around $3 billion.

OPEC Quota Hike May Not Be Enough To Curb High Oil Prices

Τρι, 7 Ιουνίου 2011 - 17:14

A hike in OPEC's output quota is unlikely to bring down high oil prices unless it is a real increase in actual supply above current production levels that changes the fundamentals in the market, analysts said ahead of the group's meeting Wednesday.

Japan To Report Nuclear Melt-Throughs To IAEA

Τρι, 7 Ιουνίου 2011 - 17:13

Japan in a report prepared for the UN nuclear watchdog on Tuesday said for the first time that fuel in its crippled Fukushima plant may have melted through three reactor core vessels.

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.