English Edition

National Grid Reassures As UK Gas Demand Soars

Δευ, 20 Δεκεμβρίου 2010 - 18:44

U.K. natural gas network operator National Grid PLC (NGG) sought to reassure consumers Monday that there would be sufficient supplies to a meet a new all-time high in demand, despite the utility issuing a gas balancing alert Sunday.

Total to Pay $1.74 Billion for Stakes in Suncor Projects in Canada

Παρ, 17 Δεκεμβρίου 2010 - 15:07

Total SA, Europe’s third-biggest oil producer, bought stakes in oil sands developments in Alberta from Suncor Energy Inc. for C$1.75 billion ($1.74 billion).

European Parliament Calls for Binding EU Energy-Saving Goal

Παρ, 17 Δεκεμβρίου 2010 - 15:06

The European Parliament voted yesterday (15 December) for a binding energy saving target of "at least 20%" by 2020 when it approved a resolution aiming to influence the EU's forthcoming new Energy Efficiency Action Plan.

Greece: Hellenic Petroleum Sells Rights for Hydrocarbons in Egypt

Παρ, 17 Δεκεμβρίου 2010 - 15:05

Greece's biggest refiner Hellenic Petroleum has sold rights to drill for hydrocarbons in Egypt as it focuses on its core downstream activities to cope with recession at home, it said on Thursday.

Mexico Hedges 2011 Oil Income At $63/Barrel Avg

Πεμ, 16 Δεκεμβρίου 2010 - 19:24

Mexico's government has purchased put options to hedge most of its 2011 oil revenue at an average price of $63 per barrel, the Finance Ministry said Wednesday.

Portugal Domestic Power Prices To Rise Average 3.8% In 2011

Πεμ, 16 Δεκεμβρίου 2010 - 19:24

Portugal's electricity tariffs will rise on average 3.8% in 2011 for domestic consumers and between 4% and 10% for industrial users, Portugal's energy watchdog ERSE has said in a report.

Chevron To Invest $4B In Gulf Of Mexico Big Foot Project

Πεμ, 16 Δεκεμβρίου 2010 - 19:23

Chevron Corp. (CVX) said Thursday it will invest $4 billion to develop the Big Foot oil field in the deepwater Gulf of Mexico.

Slovakia Has No Intention Of Abandoning Euro, Minister Says

Πεμ, 16 Δεκεμβρίου 2010 - 19:23

Slovakia has no intention of ditching the euro, Foreign Minister Mikulas Dzurinda said Thursday during a visit to Poland, after his nation's speaker of parliament said it was time to consider a pullout from the currency.

Turkey Competition Bd Sees Antitrust Issues In Grid Tenders-IHA

Πεμ, 16 Δεκεμβρίου 2010 - 19:23

Turkey's competition board said Thursday it has made an advisory decision on privatization of state-owned Bogazici, Gediz, Trakya and Dicle power distribution grids, the Ihlas News Agency, or IHA, reported.

Nord Stream CFO: Last EUR2.5B Of Financing Completed

Πεμ, 16 Δεκεμβρίου 2010 - 19:22

Nord Stream AG, the OAO Gazprom (GAZP.RS)-led joint venture building an underwater pipeline from Russia to Germany through the Baltic Sea, has completed financing, a German daily newspaper reports ahead of publication Friday.

BP Investors Spooked by Oil Spill Lawsuit

Πεμ, 16 Δεκεμβρίου 2010 - 13:46

Oil giant BP was the biggest faller on Britain's blue-chip board on Thursday, as investors fretted that a U.S. government lawsuit may mean the cost of its oil spill will be far higher than earlier expected.

Gazprom Gets 50% of Bulgarian South Stream Gas Pipeline JV

Πεμ, 16 Δεκεμβρίου 2010 - 13:45

Russian gas giant Gazprom has received a 50% stake in South Stream Bulgaria AD, the joint venture operating the Bulgarian sector of the South Stream pipeline project, which will pump gas to Southern and Central Europe, the company said in a statement on Thursday.