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Spain Govt Expects To OK New Renewable Aid Rules In Nov

Spain Govt Expects To OK New Renewable Aid Rules In Nov

Τρι, 26 Οκτωβρίου 2010 - 19:04

New regulation for renewable energy in Spain is expected to be approved by the cabinet in November and come into effect at the beginning of next year, Antonio Hernandez, general director for energy and mines at Spain's industry ministry, said Tuesday.

TNK-BP 3Q Profit Down 14%; Sees Higher 2011 Output

TNK-BP 3Q Profit Down 14%; Sees Higher 2011 Output

Τρι, 26 Οκτωβρίου 2010 - 19:03

Russia's No. 3 oil producer TNK-BP International, part-owned by U.K. oil major BP PLC (BP), said Tuesday its third-quarter net profit fell 14% despite higher oil prices and output, and that it expects further output growth.

Total, Chevron Question Safety Of BP Macondo Well Design

Total, Chevron Question Safety Of BP Macondo Well Design

Τρι, 26 Οκτωβρίου 2010 - 19:03

Senior executives at major oil companies Total SA (TOT) and Chevron Corp. (CVX) Tuesday criticized the safety of the design BP PLC (BP) used on its Macondo well in the Gulf of Mexico, which spilled millions of barrels of oil earlier this year following a blowout.

Lukoil May Sell Some Conoco-held Shares In Offering - Interfax

Lukoil May Sell Some Conoco-held Shares In Offering - Interfax

Τρι, 26 Οκτωβρίου 2010 - 19:02

Russia oil company OAO Lukoil Holdings (LKOH.RS) may sell some of its shares held by ConocoPhillips (COP) in a secondary share offering, Interfax reports Tuesday, citing comments from Chief Executive Vagit Alekperov.

Indonesia Quake Triggers Tsunami; At Least 113 Dead

Indonesia Quake Triggers Tsunami; At Least 113 Dead

Τρι, 26 Οκτωβρίου 2010 - 19:02

A tsunami caused by an Indonesian earthquake late Monday night killed at least 113 people and left almost 200 others missing after it swept across villages on remote islands off the coast of Sumatra. Officials expected the death toll to climb as damage reports emerged.

Borisov Not Sure About Burgas-Alexandroupolis

Borisov Not Sure About Burgas-Alexandroupolis

Τρι, 26 Οκτωβρίου 2010 - 16:38

Bulgaria's Prime Minister Borisov has made it clear that there is hardly anyway that the Burgas-Alexandroupolis oil pipeline will be built, reacting to an initiative for a joint position on part of the other participants, Russia and Greece.

Worlds Largest Solar Energy Park to generate about 5GW of electrical power

Worlds Largest Solar Energy Park to generate about 5GW of electrical power

Τρι, 26 Οκτωβρίου 2010 - 16:30

South Africa has unveiled plans for the world’s largest solar power plant, which will help generate about 5GW of electrical power. Expected to cost about £18.42bn, the project will be a mix of latest solar technologies and will include giant mirrors and solar panels in Northern Cape. Generating one-tenth of the country’s present energy needs, the solar plant will also help reduce carbon emissions.

BP Wont Be Quitting US Or Deep Water Drilling - CEO

BP Won't Be Quitting US Or Deep Water Drilling - CEO

Δευ, 25 Οκτωβρίου 2010 - 19:04

BP PLC (BP) won't quit its businesses in the U.S. and must keep drilling for oil in deep water in the Gulf of Mexico despite the damage to its reputation wrought by the huge oil spill there this summer, the company's new Chief Executive Robert Dudley said Monday.

SUNERGY Inverters Harvest More Energy from 50kW BIPV Facade in Athens

SUNERGY Inverters Harvest More Energy from 50kW BIPV Facade in Athens

Δευ, 25 Οκτωβρίου 2010 - 19:04

Sustainable Energy Technologies Ltd (TSX VENTURE:STG) ("Sustainable Energy") Canada's leader in solar inverter technologies announced today that its inverters have been installed on the largest BIPV system in Greece. The 50kW facade will provide power to the new 'Athens Mall' in the city's Saint Dimitrios suburb.

IEA: Unclear If Oil Reserve Growth Will Contribute To Future Supply

IEA: Unclear If Oil Reserve Growth Will Contribute To Future Supply

Δευ, 25 Οκτωβρίου 2010 - 19:03

Recent increases in oil reserves in Iraq, Iran and Venezuela are "good news," but it remains unclear whether they will contribute to future supply, Nobuo Tanaka, executive director of the International Energy Agency, or IEA, said Monday.

BP CEO: Fearmongering Worsened Gulf Spill Crisis

BP CEO: Fearmongering Worsened Gulf Spill Crisis

Δευ, 25 Οκτωβρίου 2010 - 19:03

BP PLC's (BP) new Chief Executive Bob Dudley launched Monday a robust defense of his company's response to the Gulf of Mexico oil spill this summer, accusing the media and some people in the oil industry of fearmongering and a rush to judgment that exacerbated the crisis.

Valero:To Sell Its 50% Stake In Gulf Pipeline For $330M

Valero:To Sell Its 50% Stake In Gulf Pipeline For $330M

Δευ, 25 Οκτωβρίου 2010 - 19:02

Valero Energy Corp. (VLO) said Monday that it has agreed to sell to Genesis Energy LP (GEL) for $330 million a 50% stake in a pipeline that brings deepwater crude oil from the Gulf of Mexico to the U.S.

Ex-Iraqi Premier Ayad Allawis Bloc Rejects Gas Auction

Ex-Iraqi Premier Ayad Allawi's Bloc Rejects Gas Auction

Δευ, 25 Οκτωβρίου 2010 - 19:02

The Iraqiya, an Iraqi political bloc headed by former prime minister Ayad Allawi which won most parliamentary seats in March elections, said Monday it rejected the recently-held government licensing auction of gas fields.

Is the Bidding Game On for Oil Reserves Estimates?

Is the Bidding Game On for Oil Reserves Estimates?

Δευ, 25 Οκτωβρίου 2010 - 13:28

The "bidding game" seems on. First Iraq, then Iran and now Kuwait — the trend is catching up. Iraq apparently made the first move. Earlier the month, Baghdad announced it is raising figures of its proven oil reserves by a quarter — from 110 billion barrels to 143 billion barrels, surpassing Iran and putting it behind only Saudi Arabia in terms of conventional crude, and third after Venezuela if unconventional reserves are counted.