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Commission Adopts 4 Bn Plan for Renewables, CCS

Commission Adopts 4 Bn Plan for Renewables, CCS

Πεμ, 4 Νοεμβρίου 2010 - 16:52

The European Commission adopted a proposal on Wednesday (3 November) to give four billion euros of funding to cutting-edge climate technologies such as renewable energies and carbon capture and storage (CCS).

Energy Routes: Azerbaijan

Energy Routes: Azerbaijan

Πεμ, 4 Νοεμβρίου 2010 - 14:25

Azerbaijan is mulling various natural gas export routes as it waits for European countries to decide on investment in the Nabucco pipeline to tap Caspian resources, according to its deputy foreign minister. Azerbaijan was expected to be the first supplier to Nabucco, planned to ship Caspian gas more than 3,300 kilometers (2,050 miles) from Turkey to Austria to cut Europe’s dependence on Russia.

EU Energy Chief: To Look At Poland, Russia Gas Deal Thursday

EU Energy Chief: To Look At Poland, Russia Gas Deal Thursday

Τετ, 3 Νοεμβρίου 2010 - 18:52

The European Commission will look at a Polish agreement with Russia about natural gas supply Thursday and is confident that it meets European Union requirements, the EU energy chief said Wednesday.

Gazprom Sells Stake In Eni, Enel Joint Venture For $1.5 Bln

Gazprom Sells Stake In Eni, Enel Joint Venture For $1.5 Bln

Τετ, 3 Νοεμβρίου 2010 - 18:51

Russian gas firm OAO Gazprom (GAZP.RS) has sold a controlling stake in SeverEnergia--a natural gas project part-owned by Eni SpA (ENI.MI) and Enel SpA (ENEL.MI)--for $1.5 billion, Gazprom's oil arm OAO Gazprom Neft (SIBN.RS) said Wednesday.

Rosneft Lifts 2010 Output Forecast To 119 Mln Tons

Rosneft Lifts 2010 Output Forecast To 119 Mln Tons

Τετ, 3 Νοεμβρίου 2010 - 18:51

Russia's biggest oil producer OAO Rosneft (ROSN.RS) Wednesday raised its oil production forecast for this year to over 119 million metric tons, or between 7% and 7.5% more than last year.

EU: Safest Nuclear Waste Disposal Deep Underground

EU: Safest Nuclear Waste Disposal Deep Underground

Τετ, 3 Νοεμβρίου 2010 - 18:50

The European Commission proposed Wednesday new rules that would push European Union countries to build storage for nuclear waste hundreds of meters underground, in an effort to increase safety in a highly controversial technology.

Venezuela 2011 Budget Sees Oil Production At 3M Barrels

Venezuela 2011 Budget Sees Oil Production At 3M Barrels

Τετ, 3 Νοεμβρίου 2010 - 18:50

Venezuela Energy Minister Rafael Ramirez reiterated Wednesday that the country's 2011 budget will set expected oil production at 3.011 million barrels. Oil accounts for more than one-third of Venezuela's gross domestic product, more than half of government revenue and about nine-tenths of the country's exports.

Future of Serbian Energy Sector in New Investments

Future of Serbian Energy Sector in New Investments

Τετ, 3 Νοεμβρίου 2010 - 16:17

Minister of Energy and Mining Petar Skundric said that the future of the Serbian energy sector lies in new investments, creating new energy capacities and jobs, greater social security for miners and application of modern technologies in the area.

Austrian OMV Aims at Making Turkey a Third Hub for Operations

Austrian OMV Aims at Making Turkey a Third Hub for Operations

Τετ, 3 Νοεμβρίου 2010 - 16:16

The Wall Street Journal - Austrian gas and oil company OMV AG said it would acquire a majority stake in Turkish fuel and oil products retailer Petrol Ofisi A.S., in a EUR 1 billion (USD 1.39 billion) transaction aimed at making Turkey a third hub for OMV's operations

UK Offshore Regime Fit For Purpose - Energy Minister

UK Offshore Regime Fit For Purpose - Energy Minister

Τρι, 2 Νοεμβρίου 2010 - 18:11

U.K. Energy Minister Charles Hendry Tuesday said the laws governing offshore drilling in the U.K. were "fit for purpose," as he answered questions from the Energy and Climate Change Committee.

Total: Restarting Operations Ongoing At French Refineries

Total: Restarting Operations Ongoing At French Refineries

Τρι, 2 Νοεμβρίου 2010 - 18:11

French oil giant Total SA (TOT) Tuesday said restarting operations at its refineries in France are ongoing. "Restarting operations are ongoing," a spokesman for the company told Dow Jones Newswires, without any further details.

Rosneft To Save $800M In 2011 On Vankor Tax Breaks

Rosneft To Save $800M In 2011 On Vankor Tax Breaks

Τρι, 2 Νοεμβρίου 2010 - 18:10

Russian oil major OAO Rosneft (ROSN.RS) expects to save around $800 million on a pretax basis next year due to tax breaks at its Vankor field, although it still doesn't have sufficient clarity on possible changes to the tax regime for the industry, a company executive said Tuesday.