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Saudi Arabia: Peak Oil Forecasts Are Ridiculous, We'll Keep Prices Cheap For A Very Long Time

Τρι, 16 Νοεμβρίου 2010 - 13:09

Saudi Arabia's Prince Turki Al Faisal Al Saud has thrown cold water on forecasts for an oil price superspike, speaking to energy industry peers at Rice University. His nation has the capacity to handle surging demand from both China and other rapidly developing nations:

Gazprom of Russia to Drill for Oil in Cuban Waters

Τρι, 16 Νοεμβρίου 2010 - 13:07

The Russian energy giant Gazprom has joined a growing list of companies that plan to drill for oil in the waters off Cuba, close to the United States but out of reach of its safety regulators.

Smart Grids Could Save Europe €52bn

Τρι, 16 Νοεμβρίου 2010 - 13:05

Smart grids could save the EU €52 billion annually, according to leading smart grid companies that have teamed up to promote European leadership in smart grids.

Gazprom, EU to Set up Working Groups to Examine New EU Energy Rules

Τρι, 16 Νοεμβρίου 2010 - 13:04

Russia and the European Union will set up a working group to study the impact of new European energy rules which are strongly opposed by Gazprom, Alexander Medvedev, head of the Russian gas giant's export arm, said on Tuesday.

Gazprom Will Continue in November the Talks on Gas Deliveries to China

Τρι, 16 Νοεμβρίου 2010 - 13:03

Gazprom will continue in November the talks on gas deliveries to China, Alexander Medvedev, Gazprom Board Deputy Chairman, said at a conference, entitled “Gas of Russia.” According to Medvedev, the talks will be held during a visit of the Chinese prime minister to Russia, PRIME-TASS reports.

Offshore Section of South Stream Pipeline to Cost 10 bln Euros

Τρι, 16 Νοεμβρίου 2010 - 13:03

The total cost of the offshore section of the gas pipeline South Stream will exceed 10 billion euros, the project’s CEO Marcel Kramer said at the forum Gas of Russia-2010 on Tuesday.

US Wants China To Reciprocate Green Energy Subsidies

Δευ, 15 Νοεμβρίου 2010 - 18:44

U.S. Energy Secretary Steven Chu said on Monday China should allow foreign companies to qualify for its subsidies aimed at encouraging renewable energy projects.

PetroVietnam Supports TNK-BP's Bid For BP Assets In Vietnam

Δευ, 15 Νοεμβρίου 2010 - 18:43

TNK-BP Ltd. said Monday it has signed an agreement with Vietnam Oil & Gas Group, or PetroVietnam, that supports the Anglo-Russian oil producer's bid to buy assets from U.K. oil major BP PLC (BP) in Vietnam.

UK On Track To Meet 2020 Renewable Targets - National Grid

Δευ, 15 Νοεμβρίου 2010 - 18:43

The U.K. is on track to meet its 2020 renewable energy targets as reforms of the regime to connect green power projects to the transmission system have streamlined and sped up the process, U.K. power and natural gas network operator National Grid PLC (NG.LN) said in a report published Monday.

ExxonMobil Shuts Some Output After Nigeria Attack

Δευ, 15 Νοεμβρίου 2010 - 18:42

Exxon Mobil Corp. (XOM) confirmed Monday that it suspended some oil production in Nigeria after armed attackers boarded an offshore facility Sunday night, the latest in a string of incidents in Nigeria's oil-producing Niger Delta region.

Total Launches Project to Build a Solar Panel Plant in France

Δευ, 15 Νοεμβρίου 2010 - 18:42

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) today announced the construction of a photovoltaic panel production and assembly unit at Composite Park in France's north-eastern region of Moselle.

MARKET TALK: China May Spark 'Desperate Scramble' For Uranium

Δευ, 15 Νοεμβρίου 2010 - 18:41

Uranium One (UUU.T) CEO Jean Nortier predicts a "major supply crunch coming" for uranium, as China's construction of 16 new reactors means they're likely to "buy every single pound of fuel they can get to fuel that fleet." Uranium spot prices have been rising since June from near $40/lb to near $60/lb.