English Edition

IEA: German Plan To Replace Nuclear Ambitious, Not Impossible

Πεμ, 16 Ιουνίου 2011 - 15:34

Germany's plan to accelerate its exit from nuclear power and replace it largely with renewable energy sources isn't impossible, but is ambitious and won't come without cost, a senior official with the International Energy Agency said Wednesday.

Iberdrola To Invest GBP1.6B In England's Offshore Wind Farm

Πεμ, 16 Ιουνίου 2011 - 15:34

Spanish electricity company Iberdrola SA (IBE.MC) said Thursday it will invest GBP1.6 billion in its first offshore wind farm, which will be located on the west coast of England.

S Korea Aims To Double Oil, Gas Self-Sufficiency Ratio Next Year

Πεμ, 16 Ιουνίου 2011 - 15:34

South Korea aims to nearly double its self-sufficiency ratio for oil and gas to 20% next year by acquiring new energy assets, an upward revision of a previous 18% target, the Ministry of Knowledge Economy said Thursday.

Cairn Energy CEO Steps Down Amid Sweeping Board Changes

Πεμ, 16 Ιουνίου 2011 - 15:33

U.K. oil and gas independent Cairn Energy PLC(CNE.LN) Thursday announced a sweeping overhaul of its senior management team, as the company looks to strengthen its exploration emphasis following the expected completion of a delayed transaction in India.

IEA Boosts 2016 Oil Demand Forecast

Πεμ, 16 Ιουνίου 2011 - 14:12

The International Energy Agency raised its forecast for global oil demand growth to 1.3 percent annually over the next five years on economic expansion in China, cautioning that gains in prices threaten the recovery.

Brent Rebounds Towards $114 on U.S. Stocks, OPEC Worry

Πεμ, 16 Ιουνίου 2011 - 14:10

Oil rebounded on Thursday, with Brent up 0.8 percent after its second largest drop in two years the previous day created buying opportunities against a backdrop of tumbling U.S. crude inventories and uncertainty over OPEC output.

Turkeys Regulator May Give Final Licenses for 2,277 MW of New Wind-Power Plants

Πεμ, 16 Ιουνίου 2011 - 13:27

Turkey’s energy regulator may give final licenses for 2,277 megawatts of new wind-power plants, subject to environment assessment reports, Hasan Koktas, head of the Ankara-based agency said.

Bulgarian Govt Grants Chevron Massive Shale Gas Exploration Concession

Πεμ, 16 Ιουνίου 2011 - 13:26

Bulgaria's Cabinet has formally decided to award a large-scale concession for shale gas exploration to US energy giant Chevron. The decision was formalized by the Borisov government on Wednesday after at the end of May 2011 Bulgarian Economy, Energy, and Tourism Minister Traicho Traikov announced that US energy giant Chevron landed the shale gas exploration concession with a whopping offer of EUR 30 M, snatching it from British company BNK Petroleum, which remained second in the tender.

GDF Suez: JV To Develop 3rd Geothermal Project In Indonesia

Τετ, 15 Ιουνίου 2011 - 17:57

French power group GDF Suez SA (GSZ.FR) Wednesday said it entered a joint venture along with Marubeni Corporation (8002.TO) and Supreme Energy for the development of the Rantau Dedap geothermal project located in the South Sumatra province.

Eni CEO: Italy Energy Supply OK If Libya Crisis Contained

Τετ, 15 Ιουνίου 2011 - 17:57

There are no major oil or natural gas supply issues for Italy due to the crisis in North Africa, but the situation "would really be critical" if a second country in addition to Libya were to stop providing energy, the head of Italy's energy giant Eni SpA (E) said Wednesday.

China Draft Regulations Exempt Green Vehicles From Annual Tax

Τετ, 15 Ιουνίου 2011 - 17:57

China released draft regulations Wednesday under which electric, fuel-cell and plug-in hyrbrid vehicles will be exempt from the country's vehicle and vessel tax from Jan. 1, according to a statement on a Chinese government website.

Total and SunPower Partner to Create a New Global Leader in the Solar Industry

Τετ, 15 Ιουνίου 2011 - 17:56

Total (CAC: TOTF.PA) (Paris:FP) (LSE:TTA) (NYSE:TOT) and SunPower Corp. (NASDAQ: SPWRA, SPWRB) today announced the success of Total's all-cash tender on SunPower to create a new global leader in the solar industry.

OPEC Secretary General: No Repeat Of 2008 Oil Price Spike

Τετ, 15 Ιουνίου 2011 - 17:56

OPEC's secretary general Wednesday brushed aside fears of a repeat of the 2008 oil price spike that contributed to the recession, saying higher spare capacity made producers better prepared to respond to demand.