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Commission Approves Spain’s Coal Aid

Πεμ, 30 Σεπτεμβρίου 2010 - 15:36

The European Commission has cleared Spain's controversial state aid plan to support its domestic coal sector over the next four years, despite warnings that it will scupper the EU's green energy goals.

Romania's Energy Market

Πεμ, 30 Σεπτεμβρίου 2010 - 15:35

Romania is scaring off energy investors by hurting market competition with regulated gas and electricity prices and its plans to consolidate its state power producers, an industry conference heard yesterday. Foreign investors are slowly beginning to voice concerns about government policy in the recession-hit economy which many analysts see as a potentially lucrative energy market.

EU Approves Eni Sale Of 3 Natural Gas Pipelines

Τετ, 29 Σεπτεμβρίου 2010 - 18:47

The European Commission has cleared Italian energy giant Eni SpA (E) to sell its stakes in three international natural gas pipelines, a move that will improve competition on the Italian natural gas market, the commission said Wednesday.

Turkey PM Says Nabucco Agreements To Be Signed Soon; Scolds EU

Τετ, 29 Σεπτεμβρίου 2010 - 18:46

Turkey's Prime Minister Recep Tayyip Erdogan said Wednesday that agreements related to the Nabucco pipeline project are planned to be signed in October, but urged European policymakers to catch up with regional developments and be sensitive to Ankara's energy interests in the region.

Brazil Likely To Auction New Hydro Power In Mid-December

Τετ, 29 Σεπτεμβρίου 2010 - 18:46

Brazil's auction of as many as 10 hydroelectric dams may take place in mid-December, the state-owned energy research corporation EPE said Wednesday.

Statoil Announces Successful Oil Find Offshore Angola

Τετ, 29 Σεπτεμβρίου 2010 - 18:45

Statoil Wednesday announced a successful oil discovery in the Cabaca South East-2 well in block 15/06, located offshore Angola. -Statoil holds a 5% stake in block 15/06.

Iran Nuclear Plant Will Start After Two-month Delay - Official

Τετ, 29 Σεπτεμβρίου 2010 - 18:45

Iran's atomic chief said Wednesday the country's first nuclear power plant will be ready to generate electricity by January--two months later than previously announced.

3 Japanese Firms In Pact On Nuclear Power Study With Kazakhstan

Τετ, 29 Σεπτεμβρίου 2010 - 18:44

Toshiba Corp. (6502.TO), the Japan Atomic Power Co., and Marubeni Corp. (8002.TO) have signed a preliminary agreement with Kazakhstan's National Nuclear Center to jointly determine whether to conduct a feasibility study for a nuclear power plant in the Central Asian country, the three companies said in a statement Wednesday.

Drilling Gig

Τετ, 29 Σεπτεμβρίου 2010 - 18:15

DryShips Inc, a Greek owner of deepwater drilling rigs and vessels that haul iron ore and coal, said it has signed a contract worth $135 million for one of four new rigs that will be delivered next year. The company said in a statement yesterday that its fully owned subsidiary Ocean Rig has been awarded a deal by an unidentified American exploration company for offshore drilling in West Africa for a period of about 300 days, starting in the first or second quarter of next year.

In Russia, BP Sees a Second Act

Τετ, 29 Σεπτεμβρίου 2010 - 14:05

Though its gushing well in the Gulf of Mexico is capped, BP seems doomed to years of hostile regulation and lawsuits in the United States.

Commission Proposes Energy Labelling for TVs

Τετ, 29 Σεπτεμβρίου 2010 - 14:00

Television manufacturers will for the first time have to clearly mark TV sets with a label declaring their energy efficiency and use it in advertisements if price if mentioned, according to the plans.

Oil, Gas Production in Russia's Sakhalin Region to Rise

Τετ, 29 Σεπτεμβρίου 2010 - 13:59

Oil and gas extraction companies in Russia's Far Eastern Sakhalin region are planning to increase oil extraction to 23 million tons from 15 million tons a year and gas extraction from 19 million to 60 billion cubic meters, a local government's deputy head said on Wednesday.