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Bulgarias Kozloduy NPP Over-Performs in 2010

Bulgaria's Kozloduy NPP Over-Performs in 2010

Τρι, 4 Ιανουαρίου 2011 - 11:40

Bulgaria's only operational nuclear power plant at Kozloduy has surpassed its planned 2010 electricity output. In 2010, the Kozloduy NPP produced a total of 15 248 605 MW/h of electricity, the company management announced on Monday, January 3, 2011

SunPower Finalizes Sale of 13-Megawatt Solare Roma Power Plant in 2010

SunPower Finalizes Sale of 13-Megawatt Solare Roma Power Plant in 2010

Δευ, 3 Ιανουαρίου 2011 - 18:49

SunPower Corp. (Nasdaq: SPWRA, SPWRB) today announced that it completed the sale of its 13-megawatt (MW) Solare Roma solar power plant to Allianz Renewable Energy Partners IV Ltd., a wholly-owned subsidiary of Allianz SE on December 30, 2010. SunPower designed and built the solar power plant and will provide ongoing operations and maintenance services for the new owner.

MARKET TALK: $120/Bbl Oil Seen In 2011, No Crash Expected-Analyst

MARKET TALK: $120/Bbl Oil Seen In 2011, No Crash Expected-Analyst

Δευ, 3 Ιανουαρίου 2011 - 18:49

Oil prices are set to rise to as much as $120 a barrel by the end of 2011 but this will not be accompanied by a crash as seen in previous years, says Dalton H Garis, Associate Professor of Economics and Petroleum Market Behavior at Abu Dhabi-based The Petroleum Institute.

China Says It Can Reprocess Spent Nuclear Fuel

China Says It Can Reprocess Spent Nuclear Fuel

Δευ, 3 Ιανουαρίου 2011 - 18:48

Chinese scientists say they have developed nuclear fuel reprocessing technology that could effectively end uranium supply concerns, state media said Monday, as Beijing strives for energy security.

Nearly €8bn of EU Energy Savings Fund Lies Unclaimed

Nearly €8bn of EU Energy Savings Fund Lies Unclaimed

Δευ, 3 Ιανουαρίου 2011 - 18:47

As the EU struggles to meet its target of reducing energy consumption by 20% by 2020, energy efficiency grants from a reallocated fund worth 8 billion euros are still going unclaimed, according to a top Commission official who spoke to EurActiv in an interview.

Russian 2010 Oil Output Hits Post-Soviet Record

Russian 2010 Oil Output Hits Post-Soviet Record

Δευ, 3 Ιανουαρίου 2011 - 18:46

Russian oil output rose by 2.2 percent in 2010 to a record 10.1 million barrels per day (505.193 million tonnes) as higher prices prompted the world's top oil exporter to ramp up production at its greenfield sites.

Against Industry Grain, Tesoro To Keep Refineries

Against Industry Grain, Tesoro To Keep Refineries

Παρ, 31 Δεκεμβρίου 2010 - 16:05

Major independent refiner Tesoro Corp., flanked by larger rivals that have shed assets to better compete in a tough business environment for the sector, is betting that it can raise its profits by holding on to its refineries. Tesoro Chief Executive Greg Goff, 54, who joined Tesoro in May after leaving a stint as senior vice president at ConocoPhillips , says that Tesoro plans to forgo asset sales and instead spend 2011 concentrating on the relatively staid strategy of increasing sales and trimming costs

Sinopec Guangzhou Building 2-Mln-Ton Diesel Hydrotreating Unit

Sinopec Guangzhou Building 2-Mln-Ton Diesel Hydrotreating Unit

Παρ, 31 Δεκεμβρίου 2010 - 16:03

China Petroleum and Chemical Corp. (SNP) started construction of a 2-million-ton-per-year diesel hydrotreating unit at its Guangzhou refinery, with the upgrade to cost a total of CNY700 million ($105.7 million), parent China Petrochemical Corp. The unit is expected to be operational by the end of 2011, Sinopec Group said in an in-house newsletter distributed Thursday

Asian Crude: Premiums Mixed; Focus Returns To OSPs

Asian Crude: Premiums Mixed; Focus Returns To OSPs

Παρ, 31 Δεκεμβρίου 2010 - 16:03

Asian crude premiums will be mixed in the coming days as higher official selling prices from Middle Eastern producers offset stronger refining margins for oil products. Singapore's complex refining margin to Dubai crude rose 85 cents to $7.34 a barrel in the week to Dec. 30, according to Dow Jones Newswires calculations. The increase was led by improving demand for middle distillates and gasoline from countries such as Vietnam and Indonesia

Shaanxi-Beijing 3rd Natural Gas Pipeline Operational Jan 4th

Shaanxi-Beijing 3rd Natural Gas Pipeline Operational Jan 4th

Παρ, 31 Δεκεμβρίου 2010 - 16:02

China National Petroleum Corp. has completed construction of a third natural gas pipeline linking Beijing city and Shaanxi province, and plans to bring it online on Jan. 4, state-owned Xinhua News Agency said Friday. The 898-kilometers natural gas pipeline has a designed transmission capacity of 15 billion cubic meters per year, it said

Rosneft May Increase Planned 2011 Investment 50%

Rosneft May Increase Planned 2011 Investment 50%

Παρ, 31 Δεκεμβρίου 2010 - 15:59

Russia's biggest oilproducer, state-controlled OAO Rosneft, may increase planned investment spending in 2011 by almost 50% from previous expectations, a person familiar with the matter said Thursday. The person told Dow Jones Newswires that Rosneft's board is considering spending 415 billion rubles ($13.7 billion) in 2011, but has yet to approve the figure

Belarus, Russia To Agree 2011 Gas Price In February

Belarus, Russia To Agree 2011 Gas Price In February

Παρ, 31 Δεκεμβρίου 2010 - 15:58

Belarus hopes to reach an agreement with Russia within six to eight weeks on lower natural gas prices for 2011, the country's First Deputy Prime Minister Vladimir Semashko said Thursday according to the Interfax news agency. "The Belarussian government is making efforts to ensure certain adjustment, so that we have equally profitable prices in 2011," Semashko said

Iran Gasoline Use Down 20% Year-On-Year After Subsidy Cut

Iran Gasoline Use Down 20% Year-On-Year After Subsidy Cut

Τετ, 29 Δεκεμβρίου 2010 - 17:48

Iran's gasoline consumption has fallen by 20% on a year-on-year basis since a four-fold price increase came into force, a top Iranian oil official said Wednesday, as a broad overhaul of subsidies hit oil-products use. The gasoline subsidy cut comes after a U.S. ban this summer on the country's gasoline imports. Feared riots against the rise have not materialized so far amid cash payments to compensate the less well-off and heavy police presence