English Edition

Cypriot Party Leaders Meet To Agree On Austerity Plan Amid Crisis

Παρ, 22 Ιουλίου 2011 - 16:50

Cyprus' political party leaders meet Friday, seeking to hammer out an emergency austerity package to ease market fears that an escalating economic crisis and exposure to Greek banks could see the island nation added to the list of euro zone bailouts.

Eni Signs Memorandum Of Understanding With Sinopec

Παρ, 22 Ιουλίου 2011 - 16:50

Eni SpA (SpA) Friday confirmed it signed a memorandum of understanding with China Petroleum & Chemical Corp. (SNP), or Sinopec, as Italy's biggest oil and natural gas company strengthens its ties with Chinese hydrocarbon firms.

Somali Pirates Threaten European Oil Security

Παρ, 22 Ιουλίου 2011 - 16:50

Moving oil from the Middle East to Europe isn't as easy as it used to be. For many European nations, sourcing oil from countries such as Saudi Arabia or Kuwait is becoming increasingly tricky because crude tankers must travel through areas such as the Gulf of Aden, a region prone to Somali hijackings.

UN Watchdog Reviews South Korea's Nuclear Safety Regulations

Παρ, 22 Ιουλίου 2011 - 16:49

The United Nations atomic watchdog said Friday an international team of senior nuclear safety experts has given the thumbs up to South Korea's nuclear safety regulatory program following a mission there.

Bulgaria Ready to Lodge Claim against Russia's Atomstroyexport in the Event of Russian Claim for Belene

Παρ, 22 Ιουλίου 2011 - 16:03

After Russia's Atomstroyexport was reported preparing to lodge a claim over delayed payments for the Belene N-plant project, the Ministry of Economy, Energy andTourism in Sofia said Friday that the Bulgarian side is ready to move a counter-claim against Atomstroyexport.

Environmental, Social Impact Assessment Advisor Appointed for Nabucco

Παρ, 22 Ιουλίου 2011 - 16:03

Italian engineering company D'Appolonia S.p.A. (D'Appolonia) has been appointed as new Environmental and Social Impact Assessment (ESIA) Advisor for the Nabucco Pipeline Project, effective from 1 June 2011.

Impact Of IEA Stock Release Still Not Fully Felt

Πεμ, 21 Ιουλίου 2011 - 17:59

The full impact of the International Energy Agency's move to release 60 million barrels of crude oil and products onto the market may not yet have been felt and could still pull futures prices lower in the coming months, analysts told Dow Jones Newswires Thursday.

China Connects Experimental Fast Nuclear Reactor To Grid

Πεμ, 21 Ιουλίου 2011 - 17:59

China connected its experimental fast nuclear power reactor to the grid and generated electricity Thursday, the state-controlled Xinhua news agency reported.

China Submersible Makes First Dive To Below 4,000 Meters

Πεμ, 21 Ιουλίου 2011 - 17:59

A manned Chinese submersible conducted its first dive to beyond 4,000 meters on Thursday, the government said, in the latest milestone for the country's deep-sea ambitions.

A2A Official: Deadline With EdF Over Edison May Be Postponed

Πεμ, 21 Ιουλίου 2011 - 17:58

A2A SpA (A2A.MI) and Electricite de France SA's (EDF.FR) September deadline to reach an agreement on their joint control of Edison SpA (EDN.MI) may be postponed, a top official at the Italian municipal utility said Thursday.

Total, Novatek Get Tax Break For Yamal LNG Project

Πεμ, 21 Ιουλίου 2011 - 17:58

French energy giant Total SA (TOT) and Russian gas producer OAO Novatek (NVTK.RS) will pay no mineral extraction tax for their Yamal LNG project in Northern Russia, the Interfax news agency reports Thursday citing Deputy Prime Minister Igor Sechin.

Bahrain To Start Soon Deep Drilling For Natural Gas

Πεμ, 21 Ιουλίου 2011 - 17:57

Bahrain plans to shortly start drilling deeper in the Bahrain Field as it seeks to discover additional quantities of natural gas there, state-run Kuwait News Agency, or Kuna, reports Thursday citing Bahraini Energy Minister Abdul Hussain Mirza.

Turkmenistan Starts Selling Gas to China

Πεμ, 21 Ιουλίου 2011 - 16:22

Turkmenistan has started to sell gas to China through the world’s longest natural gas pipeline as it continues to develop an international export market for its vast energy reserves.

Globe Gas Company To Dig Exploratory Well Offshore Israel

Τετ, 20 Ιουλίου 2011 - 17:28

Globe Exploration Ltd. Partnership (GLEXL.TV) said Wednesday that it will drill a second exploratory well in a natural gas field off Israel's central coast.

North Korea Downpours Hit Mining, Power Supplies

Τετ, 20 Ιουλίου 2011 - 17:28

Heavy rain which pounded North Korea last week seriously damaged coal mines, power production and railway lines, the state news agency said Wednesday, in its second such report in three days.

Russia's Gazprom In Initial Pact To Supply 2.5 Mln Tons/Year Gas To Indian Oil

Τετ, 20 Ιουλίου 2011 - 17:27

Russian energy giant OAO Gazprom (GAZP.RS) Wednesday said its unit has signed an initial pact to supply up to 2.5 million tons of liquefied natural gas a year to Indian Oil Corp. Ltd. (530965.BY).