English Edition

Petrobras Confirms Studying ENI Stake In Portugal's Galp

Τρι, 4 Ιανουαρίου 2011 - 19:00

Brazilian state-run oil company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, confirmed Tuesday that it's evaluating buying all of Italian oil major Eni SpA's (E, ENI.MI) 33.34% stake in Portuguese energy company Galp Energia SGPS (GALP.LB).

China Nuclear Tech May Lessen Uranium Demand -BMO

Τρι, 4 Ιανουαρίου 2011 - 18:59

China has developed technology to reuse spent nuclear fuel, the country's state TV said, according to the BBC. This may put a damper on China's expected nuclear fuel use, BMO Capital says - only the UK and France currently reprocess major amounts of fuel, and their reprocessing makes up 5% of world supply.

Bulgaria's Kozloduy NPP Over-Performs in 2010

Τρι, 4 Ιανουαρίου 2011 - 11:40

Bulgaria's only operational nuclear power plant at Kozloduy has surpassed its planned 2010 electricity output. In 2010, the Kozloduy NPP produced a total of 15 248 605 MW/h of electricity, the company management announced on Monday, January 3, 2011

SunPower Finalizes Sale of 13-Megawatt Solare Roma Power Plant in 2010

Δευ, 3 Ιανουαρίου 2011 - 18:49

SunPower Corp. (Nasdaq: SPWRA, SPWRB) today announced that it completed the sale of its 13-megawatt (MW) Solare Roma solar power plant to Allianz Renewable Energy Partners IV Ltd., a wholly-owned subsidiary of Allianz SE on December 30, 2010. SunPower designed and built the solar power plant and will provide ongoing operations and maintenance services for the new owner.

MARKET TALK: $120/Bbl Oil Seen In 2011, No Crash Expected-Analyst

Δευ, 3 Ιανουαρίου 2011 - 18:49

Oil prices are set to rise to as much as $120 a barrel by the end of 2011 but this will not be accompanied by a crash as seen in previous years, says Dalton H Garis, Associate Professor of Economics and Petroleum Market Behavior at Abu Dhabi-based The Petroleum Institute.

Turkey 2010 Exports Rose 11.3% To $113.7B - Foreign Trade Min

Δευ, 3 Ιανουαρίου 2011 - 18:49

Turkish exports rose 11.3% to $113.7 billion in 2010 as the emerging economy's rapid rebound from recession boosted competitiveness, Turkey's Foreign Trade Minister Zafer Caglayan said Monday.

China Says It Can Reprocess Spent Nuclear Fuel

Δευ, 3 Ιανουαρίου 2011 - 18:48

Chinese scientists say they have developed nuclear fuel reprocessing technology that could effectively end uranium supply concerns, state media said Monday, as Beijing strives for energy security.

Venezuela's Economy Struggled In 2010 But Its Bonds Thrived

Δευ, 3 Ιανουαρίου 2011 - 18:48

The hobbled Venezuelan economy may inch out of recession in 2011 according to some forecasts, but most indicators promise very little good news beyond that modest boon.

Brazil To Hold First Pre-Salt Oil Block Auction In 2011 - Minister

Δευ, 3 Ιανουαρίου 2011 - 18:48

Brazil will hold its first auction of pre-salt oil and gas blocks this year under the new production-sharing regime approved recently by congress, Mines and Energy Minister Edison Lobao said Monday.

Nearly €8bn of EU Energy Savings Fund Lies Unclaimed

Δευ, 3 Ιανουαρίου 2011 - 18:47

As the EU struggles to meet its target of reducing energy consumption by 20% by 2020, energy efficiency grants from a reallocated fund worth 8 billion euros are still going unclaimed, according to a top Commission official who spoke to EurActiv in an interview.

Russian 2010 Oil Output Hits Post-Soviet Record

Δευ, 3 Ιανουαρίου 2011 - 18:46

Russian oil output rose by 2.2 percent in 2010 to a record 10.1 million barrels per day (505.193 million tonnes) as higher prices prompted the world's top oil exporter to ramp up production at its greenfield sites.

Against Industry Grain, Tesoro To Keep Refineries

Παρ, 31 Δεκεμβρίου 2010 - 16:05

Major independent refiner Tesoro Corp., flanked by larger rivals that have shed assets to better compete in a tough business environment for the sector, is betting that it can raise its profits by holding on to its refineries. Tesoro Chief Executive Greg Goff, 54, who joined Tesoro in May after leaving a stint as senior vice president at ConocoPhillips , says that Tesoro plans to forgo asset sales and instead spend 2011 concentrating on the relatively staid strategy of increasing sales and trimming costs

Sinopec Guangzhou Building 2-Mln-Ton Diesel Hydrotreating Unit

Παρ, 31 Δεκεμβρίου 2010 - 16:03

China Petroleum and Chemical Corp. (SNP) started construction of a 2-million-ton-per-year diesel hydrotreating unit at its Guangzhou refinery, with the upgrade to cost a total of CNY700 million ($105.7 million), parent China Petrochemical Corp. The unit is expected to be operational by the end of 2011, Sinopec Group said in an in-house newsletter distributed Thursday