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Russia Firm on 6.4 Bln Euro Price for Bulgaria's Belene N-Plant, To Seek up to 40% Stake

Δευ, 29 Νοεμβρίου 2010 - 14:35

Russia will negotiate for a stake of 30 to 40 percent in Bulgaria's Belene nuclear power plant and a fixed price of 6.4 billion euro ($8.6billion) for the entire project, Bulgarian media reported on Friday.

Oil Companies and Banks will Profit from UN Forest Protection Scheme

Δευ, 29 Νοεμβρίου 2010 - 14:34

Some of the world's largest oil, mining, car and gas corporations will make hundreds of millions of dollars from a UN-backed forest protection scheme, according to a new report from the Friends of the Earth International.

Petrobras Sees 10%-12% Chance To Find Crude In Portugal -Report

Παρ, 26 Νοεμβρίου 2010 - 15:47

After four-years of searching for oil and gas off the coast of Portugal, Brazilian state-run energy giant Petroleo Brasileiro SA (PBR, PETR4.BR) believes there's still a chance to find crude in the Peniche Basin, Jose de Freitas, Petrobras' head of Portuguese operations, told Diario Economico in an interview published in its Friday Internet edition.

China Should Keep Importing Coal In 'Appropriate' Volumes: Official -Report

Παρ, 26 Νοεμβρίου 2010 - 15:47

China should continue to import coal in "appropriate" volumes, and domestic coal companies are encouraged to invest in overseas coal mines, the head of National Energy Administration's coal department said in an article published in state-controlled People's Daily Friday.

Turkey Competition Body Allows OMV To Up POAS Stake To 95.72%-IHA

Παρ, 26 Νοεμβρίου 2010 - 15:46

The Turkish Competition Authority Friday approved Austrian oil and gas company OMV AG (OMV.VI) to increase its stake to 95.72% in Turkish fuel and oil products retailer Petrol Ofisi AS (PTOFS.IS), or POAS, the Ihlas News Agency, or IHA, reported.

German Govt: Up To E.ON To Decide On Gazprom Stake

Παρ, 26 Νοεμβρίου 2010 - 15:46

The German government said Friday whether E.ON AG (EOAN.XE) sells its stake in Russian natural gas monopoly Gazprom OAO (GAZP.RS) is up to the utility.

RWE Awards Pipeline Contract To Connect UK Offshore Gas Field

Παρ, 26 Νοεμβρίου 2010 - 15:45

RWE AG's (RWE.XE) oil and gas exploration and production unit RWE Dea said Friday it has awarded Allseas Construction Contractors SA with a contract to build a 100-kilometer offshore pipeline to transport gas from its gas field Breagh A.

Brazil's Petrobras Says Amazon Oil Well Tests Positive

Παρ, 26 Νοεμβρίου 2010 - 15:44

Brazilian state-run energy giant Petroleo Brasileiro S.A (PBR, PETR4.BR), or Petrobras, said Friday that a well in the municipality of Tefe, in the Upper Amazon region, has tested positive for light oil and natural gas.

Brussels Tables Alternative Funding Plan for ITER

Παρ, 26 Νοεμβρίου 2010 - 15:21

Faced with a deadlock over the EU's 2011 budget, the European Commission will present today (26 November) "an alternative approach" to fund the bloc's multi-billion euro ITER project for nuclear fusion.

Without Major Grid Investments Even the Most Modern Power Systems will Not Secure Supply

Παρ, 26 Νοεμβρίου 2010 - 15:20

The EU and Member States need to acknowledge the urgency and importance of major grid investments, according to a joint statement by the European Network of Transmission System Operators for Electricity (ENTSO-E), the European Wind Energy Association (EWEA), the German Engineering Federation (VDMA Power Systems) and the German Wind Energy Association (BWE).

Enel CFO Sees EUR1B From Spain Tariff Deficit In 2010

Πεμ, 25 Νοεμβρίου 2010 - 19:09

Enel SpA (ENEL.MI) expects to receive about EUR1 billion as the first reimbursement installment from Spain's so-called tariff deficit program by the end of 2010, the company's Chief Financial Officer Luigi Ferraris said Thursday.

OMV Board Reaffirms CEO After Insider Trading Charges

Πεμ, 25 Νοεμβρίου 2010 - 19:08

The supervisory board of Austrian oil and gas company OMV AG (OMV.VI) decided at a meeting Thursday to confirm the position of Chief Executive Wolfgang Ruttenstorfer, a step made necessary after he was charged with insider trading last week, the company said.

Tullow To Start Oil Production At Ghana Jubilee Field Dec 17-Min

Πεμ, 25 Νοεμβρίου 2010 - 19:08

Ghana will start commercial oil production on Dec. 17, a government official said Thursday. "We are expecting first oil on Dec. 17," deputy information minister Samuel Okudzeto Ablakwa told AFP.

Germany's RWE Dea Announces Significant Gas Discovery In Egypt

Πεμ, 25 Νοεμβρίου 2010 - 19:07

RWE Dea, the oil and gas exploration and production unit of German utility RWE AG (RWE.XE), said Thursday it has made a "significant" deep gas discovery in Egypt with its partner BP PLC (BP).

Iraq Hopes To Sign Akkas Gas Field Deal By Year-end

Πεμ, 25 Νοεμβρίου 2010 - 19:07

Iraq hopes to sign a delayed initial agreement for the Akkas gas field "by the end of this year" after clearing up some misunderstandings that led to the deal being postponed at the last minute earlier this month, a senior Iraqi oil official said Thursday.

Spain Puts A Little Energy Into Paying Off Power Tariff

Πεμ, 25 Νοεμβρίου 2010 - 19:07

Enel's Chief Executive Luigi Ferraris said Thursday that the Italian utility--owner of Spain's Endesa--expects to receive this year about EUR1 billion as the first reimbursement installment from Spain's so-called tariff deficit bond issue. To which one can only say--good luck with that.