English Edition

Top EU Official to Discuss Nabucco Project in Azerbaijan, Turkmenistan

Πεμ, 6 Ιανουαρίου 2011 - 09:54

European Commission President Jose Manuel Barroso will visit Azerbaijan and Turkmenistan where he will discuss Nabucco gas pipeline project, the European top official said Wednesday.

BP: Forced To Shut Small Alaska Oil Field After Losing Lawsuit

Τετ, 5 Ιανουαρίου 2011 - 18:49

BP PLC (BP) has been forced to shut down the Raven oil field in Alaska after losing a lawsuit against the owner of the land where the field is located, a spokesman for the company said late Tuesday.

First Solar To Partner With Chinese Company On Big Project In Inner Mongolia

Τετ, 5 Ιανουαρίου 2011 - 18:48

First Solar Inc.(FSLR) said Wednesday it is partnering with China Guangdong Nuclear Solar Energy Development in a plan to build a solar field in China's Inner Mongolia region that it expects will be the world's largest solar-energy project.

China Vice Premier: China, Spain To Sign $7.3B In Deals

Τετ, 5 Ιανουαρίου 2011 - 18:48

China's Vice Premier Li Keqiang said China will sign $7.3 billion worth of deals with Spain Wednesday, according to a Spanish official, after reiterating Beijing's pledge to back the crisis-ridden European nation's austerity measures and offer of potential support for its future fundraising.

Maersk Oil And OGX Finds Oil In Campos Basin -Report

Τετ, 5 Ιανουαρίου 2011 - 18:47

Maersk Oil, a fully owned subsidiary of A.P. Moller-Maersk, (MAERSK-B.KO) has found early signs of oil in the Brazilian Campos Basin, the company's head of exploration, Lars Nydahl Jorgensen, said Wednesday.

N Korea Calls For Unconditional Talks With South

Τετ, 5 Ιανουαρίου 2011 - 18:47

North Korea proposed "unconditional and early" talks with the South Wednesday to mend battered cross-border ties, as a top U.S. envoy arrived in Beijing for meetings on the Korean peninsula crisis.

EU On Track to Meet 2020 Renewables Targets

Τετ, 5 Ιανουαρίου 2011 - 16:44

Europe is set to beat its target of drawing 20% of its energy from renewable sources by 2020, according to an analysis of national action plans by the European Wind Energy Association (EWEA).

Cnooc Parent to Invest Up to $150 Billion in 2011-2015

Τετ, 5 Ιανουαρίου 2011 - 16:43

China National Offshore Oil Corp. plans to spend as much as 1 trillion yuan ($151 billion) in the five years through 2015 to boost production, China Business News reported, citing President Fu Chengyu.

EDF Continues its Expansion with Wind Farms in Greece

Τρι, 4 Ιανουαρίου 2011 - 19:03

Continuing its expansion in the European wind power, EDF Energies Nouvelles announces the commissioning of the wind farm of Fokida 2 and Fokida 3 wind farm, both with an installed capacity of of 23 MW.Located in central Greece just a few kilometres apart, these two wind farms have ten wind turbines each, supplied by German manufacturer Enercon

New Law for Renewables in Turkey

Τρι, 4 Ιανουαρίου 2011 - 19:02

The long-awaited law governing the generation of energy from renewable resources has passed through the Turkish Grand National Assembly (TBMM). The Renewable Energy Law aims to encourage energy production from renewables by providing incentives for the generation of energy from sources such as wind, solar power, biomass, hydropower and geothermals.

Mideast To Surpass North America As LPG Supplier In 2011 -Adnoc

Τρι, 4 Ιανουαρίου 2011 - 19:01

The Middle East is set to surpass North America as the world's leading regional supplier of liquified petroleum gas, or LPG, in 2011 and the United Arab Emirates will supply a major part of this, an Abu Dhabi National Oil Co., or Adnoc, official said.

China's CNPC To Invest In City Hit By Oil Spill - Report

Τρι, 4 Ιανουαρίου 2011 - 19:01

China National Petroleum Corp. will invest in a northeastern port city hit by an oil spill last year at the firm's facilities, averting paying direct compensation to local fishermen, state media said.

Iran Proposes Temporary Payment Channel For Jan Crude Supplies

Τρι, 4 Ιανουαρίου 2011 - 19:00

Iran has assured India of uninterrupted crude oil supplies in January and proposed a temporary payment channel through a bank based in Germany, a senior Indian official said Tuesday, in a step forward to ending the deadlock over oil-related payments to the Islamic Republic after India's central bank imposed some curbs.

BP Hits Six-Month High As Spill Claims Seen Lower

Τρι, 4 Ιανουαρίου 2011 - 19:00

Shares in U.K.-listed oil giant BP PLC (BP) rose to a six-month high Tuesday following reports that compensation payouts for the Gulf oil spill may be much lower than expected and lingering rumors that the company is a takeover target.

Petrobras Confirms Studying ENI Stake In Portugal's Galp

Τρι, 4 Ιανουαρίου 2011 - 19:00

Brazilian state-run oil company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, confirmed Tuesday that it's evaluating buying all of Italian oil major Eni SpA's (E, ENI.MI) 33.34% stake in Portuguese energy company Galp Energia SGPS (GALP.LB).

China Nuclear Tech May Lessen Uranium Demand -BMO

Τρι, 4 Ιανουαρίου 2011 - 18:59

China has developed technology to reuse spent nuclear fuel, the country's state TV said, according to the BBC. This may put a damper on China's expected nuclear fuel use, BMO Capital says - only the UK and France currently reprocess major amounts of fuel, and their reprocessing makes up 5% of world supply.