English Edition

BP Profit Plunges On Further Spill Charge

Τρι, 2 Νοεμβρίου 2010 - 18:10

BP PLC (BP) third-quarter net profit plunged by two-thirds Tuesday as it took a further $7.66 billion pre-tax charge for the Gulf of Mexico oil spill, although the company beat analysts' expectations on some key operational benchmarks.

Competing Pipeline Projects are a Gas, Gas, Gas for Romania

Τρι, 2 Νοεμβρίου 2010 - 15:01

Seen so far as just wishful thinking, gas interconnection with other regional countries has become a reality: last week Romania and Hungary inaugurated the Arad-Szeged gas pipeline. And the authorities’ big plans do not stop there.

Romanian Hidroelectrica to Invest EUR 18 mln in Wind Turbines

Τρι, 2 Νοεμβρίου 2010 - 15:00

Romanian state-owned hydropower generator Hidroelectrica could invest some EUR 18 million in the next years to set up wind turbines on its hydropower plants along the river Siret, company operational director Dragos Zachia said Thursday.

Brikel Thermal Power Plant Denied Additional Emission Quotas

Τρι, 2 Νοεμβρίου 2010 - 14:59

An inter-agency working group distributing greenhouse gas emission quotas reserved for new participants rejected a request by the Brikel Thermal Power Plant for additional quotas, the Environment and Water Ministry said on Monday after a meeting of the working group.

Russia, Qatar Sign Memorandum of Cooperation on Peaceful Nuclear Use

Τρι, 2 Νοεμβρίου 2010 - 14:16

Russia and Qatar signed on Tuesday a memorandum of cooperation in the peaceful use of nuclear energy. The document was signed in Moscow by Nikolai Spasski, the deputy director of the Russian state-run nuclear corporation Rosatom, and the Qatari ambassador to Russia, Ahmed Saif Al-Midhadi.

Saudi Hints at a Higher Oil Price and Blames Renewables

Τρι, 2 Νοεμβρίου 2010 - 14:15

Ali Naimi, the oil minister of Saudi Arabia, was in mischievous mood on Monday night, positing an oil price of $70 to $90 for the foreseeable future, and suggesting that oil consumers should be happy with such a settlement – because a price of more than $70 was needed to justify investments in renewable energy.

Angola Oil Minister: Oil Output To Touch 2.2 Mln BPD By 2012

Δευ, 1 Νοεμβρίου 2010 - 19:04

Angola, a member of the Organization of Petroleum Exporting Countries, expects to produce 2.2 million barrels of oil per day by 2012, Jose Maria Botelho de Vasconcelos said at the Petrotech energy conference Monday.

Turkmenistan To Strike EU Gas Supply Deal By Nov End - Report

Δευ, 1 Νοεμβρίου 2010 - 19:04

Turkmenistan expects to sign an agreement by the end of November with a consortium of European energy companies to supply natural gas to Europe along a route that would by-pass Russia for the first time, the Telegraph newspaper reports, citing a Turkmenistan official.

Russia-China Crude Oil Pipeline Starts Trial Operations - Xinhua

Δευ, 1 Νοεμβρίου 2010 - 19:04

The Russia-China crude pipeline starts trial operations Monday, state-run Xinhua agency reported, citing the General Administration of Customs of China.

Statoil Gets 8 Exploration Licenses On UK Continental Shelf

Δευ, 1 Νοεμβρίου 2010 - 19:03

-Statoil was awarded operatorship of parts of licences 8/15 and 9/11D, close to the Statoil-operated Mariner heavy oil discovery, and six licences in blocks 212 and 213 near the Faroe border.

Saudi Naimi: Saudi Can Supply World For 80 Yrs Without New Reserves

Δευ, 1 Νοεμβρίου 2010 - 19:03

Top oil exporter Saudi Arabia has 264 billion barrels of proven oil reserves, and could continue to supply the world market for another 80 years, the country's oil minister said Monday.

Nissan Hopes Its Image Turns New Leaf With Electric Car

Δευ, 1 Νοεμβρίου 2010 - 19:02

Nissan Motor Co. (NSANY, 7201.TO) is counting on its soon-to-be-launched Leaf electric car to create a new image for the company, which is traditionally viewed as the No. 3 Japanese auto maker behind Toyota Motor Corp. (TM, 7203.TO) and Honda Motor Co. (HMC, 7267.TO).

Rare Earth Fund Off to Flying Start

Δευ, 1 Νοεμβρίου 2010 - 14:54

A new exchange-traded fund (ETF) covering rare earth metals, many of which are crucial for the development of clean technologies such as solar panels, attracted widespread investor interest in its first day of trading last week.

India's Oil Demand to Jump 40 pc in next 10 yrs: PM

Δευ, 1 Νοεμβρίου 2010 - 14:51

Projecting a growth of 40 per cent in India's oil demand in next decade, Prime Minister Manmohan Singh today stressed on securing energy supplies at affordable prices to meet requirement of rapidly expanding economy.

Historic deal to Save Nature Reached in Nagoya

Δευ, 1 Νοεμβρίου 2010 - 14:51

Environment ministers from almost 200 countries on Friday (29 October) adopted historic targets to half the loss of natural habitats and dramatically increase nature reserves to 17 percent of the world’s land area by 2020 from less than 10 percent today.

Serbia and KfW Signed €70m Loan for Zvornik Hydropower

Δευ, 1 Νοεμβρίου 2010 - 14:50

Belgrade, 29 Oct 2010 – General Director of the Serbian electric power industry Elektroprivreda Srbije Dragomir Markovic and Director of the German Development Bank for Europe and the Caucasus Roland Siller signed a loan agreement for the revival of the Zvornik hydroelectric power plant.