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TAP, ITGI Pipeline Talks

TAP, ITGI Pipeline Talks

Παρ, 1 Οκτωβρίου 2010 - 15:30

Shareholders in rival European pipeline projects the Trans-Adriatic Pipeline (TAP) and the Interconnector Turkey-Greece-Italy (ITGI) are in talks about cooperation, industry sources close to TAP said yesterday. Both pipelines aim to deliver gas to Europe from the second phase of production at Azerbaijan’s Shah Deniz gas field to cut the continent’s dependence on Russian gas.

EU Countries Top World Green Patent Rankings

EU Countries Top World Green Patent Rankings

Παρ, 1 Οκτωβρίου 2010 - 15:23

While moves to develop an EU patent have intensified with the Belgian presidency, which believes it can reach a consensus by the end of the year, a new study shows that three European countries are among the six nations dominating innovation in the clean energy sector.

Sinopec to Invest $7.1 Billion in Repsols Brazil Unit

Sinopec to Invest $7.1 Billion in Repsol's Brazil Unit

Παρ, 1 Οκτωβρίου 2010 - 15:22

China Petrochemical Corp., the country’s second-largest oil and gas producer, will invest $7.1 billion inRepsol YPF SA’s Brazilian unit as the Spanish oil company raises funds to develop offshore projects.

New Drilling Regulations in the US

New Drilling Regulations in the US

Παρ, 1 Οκτωβρίου 2010 - 15:20

The US administration rolled out two new emergency rules today designed to improve drilling and workplace safety offshore in the wake of the BP oil spill.

Denmark to Develop Fossil Fuel-Free Energy Network by 2050

Denmark to Develop Fossil Fuel-Free Energy Network by 2050

Παρ, 1 Οκτωβρίου 2010 - 15:19

The Danish climate commission has predicted that country could be powered entirely by wind energy by 2050. The committee has also predicted that wind and biomass energy could meet the bulk of the country’s energy requirements. This green switch would also prove to be cheaper than continuing to use fossil fuels.

Colossal Turkmen Gas Reserves Available For EU - President

Colossal Turkmen Gas Reserves Available For EU - President

Πεμ, 30 Σεπτεμβρίου 2010 - 19:18

Turkmenistan's president said Thursday the isolated Central Asian state had the capacity to almost quadruple gas exports in the next 20 years and was ready to meet demand from Europe.

Suzlon Chairman: Wind Power Demand To Rise In 2011

Suzlon Chairman: Wind Power Demand To Rise In 2011

Πεμ, 30 Σεπτεμβρίου 2010 - 19:17

Demand in the global wind power industry will remain flat this year, but then rise at least 10% next amid mounting call in emerging economies, Tulsi Tanti, chairman of Indian wind turbine maker Suzlon Energy Ltd. (532667.BY), said Thursday.

EU Seen Continuing Palm Oil Use For Biofuels - Analyst

EU Seen Continuing Palm Oil Use For Biofuels - Analyst

Πεμ, 30 Σεπτεμβρίου 2010 - 19:16

The European Union is unlikely to ban the use of palm oil as a biofuel due to fears it may push up prices, a senior economist with agricultural analyst LMC International Ltd. said Thursday.

Brazil Boosts Petrobras Stake To 49%, 64.3% Of Voting Shares

Brazil Boosts Petrobras Stake To 49%, 64.3% Of Voting Shares

Πεμ, 30 Σεπτεμβρίου 2010 - 19:16

Brazil's government, the country's sovereign wealth fund and National Development Bank, or BNDES, together now hold a 49% stake in oil company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, and a 64.3% share of voting shares, the company said late Wednesday.

BPs Dudley:Comfortable With Funds Set Aside For Gulf Spill-CNBC

BP's Dudley:Comfortable With Funds Set Aside For Gulf Spill-CNBC

Πεμ, 30 Σεπτεμβρίου 2010 - 19:16

Bob Dudley, who takes over as chief executive at BP PLC (BP) Friday, said Thursday that some $32 billion in funds set aside by the company to cover costs stemming from the explosion and spill from the Deepwater Horizon well in the Gulf of Mexico should be adequate.

Albania: Sky Petroleum Predicts 875 million boe in Albanian Blocks

Albania: Sky Petroleum Predicts 875 million boe in Albanian Blocks

Πεμ, 30 Σεπτεμβρίου 2010 - 17:27

Sky Petroleum, Inc., an oil and gas company, released the findings of a detailed report written in cooperation with McKinsey & Company, a consulting firm, assessing the potential value of the three exploration blocks, Four, Five and Dumre (the "Albanian Blocks").

Drilling Plans Off Cuba Stir Fears of Impact on Gulf

Drilling Plans Off Cuba Stir Fears of Impact on Gulf

Πεμ, 30 Σεπτεμβρίου 2010 - 15:39

Five months after the BP oil spill, a federal moratorium still prohibits new deepwater drilling in the American waters of the Gulf of Mexico. And under longstanding federal law, drilling is also banned near the coast of Florida.