English Edition

Rising Electricity Bills: Will Smart Meters Help Consumers?

Πεμ, 10 Μαρτίου 2011 - 15:01

Households should expect their electricity bills to rise as Europe switches to cleaner energy and ageing power grids are gradually being replaced by new 'intelligent' ones. The good news is that smart meters should soon help them to better control their bills, says GE Energy's Bob Gilligan. But do consumers really want them?

Romanian Electromagnetica Sales Up by 27 pct in 4Q 2010

Πεμ, 10 Μαρτίου 2011 - 15:00

The electricity trader and producer of electrical components Electromagnetica (ELMA) reported its 4Q 2010 figures. Sales went up by 27% yoy to RON 116 mn, on the back of a surge in revenues from merchandise sold (energy) of 29% yoy to RON 101.9 mn.

2050 Strategy Builds on Energy Savings

Τετ, 9 Μαρτίου 2011 - 17:22

Europe must invest heavily in efficiency to limit spiralling energy costs and beat its own target for cutting greenhouse gas emissions, the European Commission said yesterday (8 March), unveiling plans to move to a competitive low-carbon economy by 2050.

Tests On Israel Leviathan Gas Field To Cost More, Take Longer

Τετ, 9 Μαρτίου 2011 - 17:21

The Israeli partners of Noble Energy Inc. (NBL) in Israel's largest natural gas field said Wednesday they have approved a work plan for drilling and production tests at the Leviathan field.

World Powers Press Iran To Cooperate With IAEA

Τετ, 9 Μαρτίου 2011 - 17:20

World powers urged Iran to cooperate with the United Nations atomic watchdog at a meeting here Wednesday, where Iran once again found itself in the hot seat over its controversial nuclear drive.

Gamesa To Invest $110 Mln To Double India Capacity By Sept

Τετ, 9 Μαρτίου 2011 - 17:20

Spanish wind turbine maker Gamesa Corporacion Tecnologica SA (GCTAY) is doubling its wind turbine manufacturing capacity in India by September with a INR5 billion ($110 million) investment, to cash in on the South Asian country's fast-growing renewable energy sector.

E.ON 2011 Operating Profits Down, Outlook Better

Τετ, 9 Μαρτίου 2011 - 17:20

German energy giant E.ON AG (EOAN.XE) said Wednesday 2011 operating earnings will decrease by up to 16% on the year, but added that it expects profits to recover in 2012 after bottoming out this year.

OMV CEO:See No Permanent Output Consequences On Libya Unrest

Τετ, 9 Μαρτίου 2011 - 17:19

OMV AG (OMV.VI), Central Europe's largest oil and gas company, has seen its production in troubled Libya fall steeply, but it expects oil operations to shortly be back as they were before the uprising in the North African country and has no intention of scaling down its engagement there, said Chief Executive Wolfgang Ruttenstorfer Wednesday.

Huge Blasts, Fire Near Libya Oil Facility At Ras Lanuf

Τετ, 9 Μαρτίου 2011 - 17:19

A series of massive explosions Wednesday erupted into fireballs near an oil facility outside the Libyan rebel-held town of Ras Lanuf, where a mechanic said a pipeline was blown up.

London Array OffShore Wind Farm Sees First Foundation Installed

Τρι, 8 Μαρτίου 2011 - 17:26

DONG Energy, E.ON AG (EOAN.XE) and Masdar said Tuesday that the first of 177 foundations has been installed at the U.K.'s multi-billion pound flagship offshore wind farm London Array that will be the largest offshore wind farm when it is commissioned next year.

India Has Potential For Over 8000 MW Of Tidal Energy

Τρι, 8 Μαρτίου 2011 - 17:25

India has potential to generate more than 8,000 megawatts of tidal energy, the renewable-energy ministry said Tuesday.

Saudi Aramco Ups Apr Light Crude OSPs From Sidi Kerir Amid Libya Crisis

Τρι, 8 Μαρτίου 2011 - 17:25

State-owned Saudi Arabian Oil Co., or Aramco, has raised official selling prices for its high quality light crudes for April term supply, through Egypt's Sidi Kerir oil terminal in the Mediterranean, by more than a dollar a barrel, traders who have seen the official notice said Tuesday.