English Edition

Zeta Digs Jimbolia Well in Romania

Τετ, 10 Νοεμβρίου 2010 - 15:00

Zeta Petroleum Limited (Zeta), the operator and 50 percent working interest holder has started the drilling of the Jimbolia-1ST well re-entry on the Jimbolia concession in Romania, according to Business Wire.

E.ON Plans $21 Billion in Asset Sales as Earnings Set to Drop

Τετ, 10 Νοεμβρίου 2010 - 14:35

E.ON AG, Germany’s largest utility, plans to raise 15 billion euros ($21 billion) by the end of 2013 in a second round of asset sales and expand outside of Europe as the company faces a decline in earnings.

Belene N-Plant: Serbia To Seek At Least 5.0% Stake in Bulgaria's

Τετ, 10 Νοεμβρίου 2010 - 14:34

Serbia is interested in participating in the construction of Bulgaria's second nuclear power plant, Belene, with a stake of at least 5%, higher than the one offered by the government in Sofia, Belgrade-based media reported on Tuesday.

Burgas-Alexandroupolis EIA Unsatisfactory, Project Protracted

Τετ, 10 Νοεμβρίου 2010 - 14:33

The environmental impact assessment of the Burgas-Alexandroupolis oil pipeline is inadequate and needs to be reworked, according to the Bulgarian Ministry of Environment.

Gazprom Considering Gas Pipeline Construction to S Korea-Miller

Τετ, 10 Νοεμβρίου 2010 - 14:33

Gazprom is considering building a gas pipeline to South Korea, CEO of the Russian gas monopoly Alexei Miller told reporters on Wednesday. He added that the sides are considering a land version of the construction of this pipeline

IEA: Eliminating Fossil Fuel Subsidies Would Cut Energy Demand

Τετ, 10 Νοεμβρίου 2010 - 14:31

Abolishing fossil fuel subsidies would boost the world's economy, environment and energy security, the International Energy Agency said on Tuesday, referring to a pledge made by G20 countries.

IEA: OPEC To Supply Over 50% Of Oil Demand In 2035

Τρι, 9 Νοεμβρίου 2010 - 18:34

The International Energy Agency said Tuesday that the Organization of Petroleum Exporting Countries will make up more than half of global oil supplies within the next 25 years, putting the onus on the group to meet the largest part of world's energy demand.

Fitch: Ireland's CDS Widen 24%; Portugal Comes Out 22%

Τρι, 9 Νοεμβρίου 2010 - 18:34

Fitch Solutions-New York-09 November 2010: Credit default swap (CDS) for European sovereigns and financials continue to underperform, with Ireland and Portugal driving the trend, according to Fitch Solutions in its latest Risk and Performance Monitor.

Iran's $66 Bln 2009 Energy Subsidy Is World's Highest

Τρι, 9 Νοεμβρίου 2010 - 18:34

Iran's fossil-fuel subsidy was higher than any other country in 2009 at $66 billion, the International Energy Agency said Tuesday, creating strain on the country's economy and inefficiencies in its energy sector.

Qatar Opens $1.3 Billion Petrochemicals Plant - Minister

Τρι, 9 Νοεμβρίου 2010 - 18:33

Qatar Tuesday inaugurated a $1.3 billion petrochemicals plant with a production capacity of about 700,000 metric tons a year of polyethylene and olefins at Masaeed industrial city south of Doha.

EDF Energy To Keep Standard Gas, Power Tariff Unchanged To March 2011

Τρι, 9 Νοεμβρίου 2010 - 18:33

Electricite de France SA's (EDF.FR) U.K. subsidiary EDF Energy Tuesday pledged to keep standard gas and electricity prices for residential customers at their current levels until at least the start of March 2011.

Petrobras Needs To Raise $32B By 2014 For Business Plan -Estado

Τρι, 9 Νοεμβρίου 2010 - 18:30

Brazilian oil giant Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, will need to raise $32 billion by 2014 to complete its 2010-2014 business plan, local Estado news agency said, citing Chief Executive Officer Jose Sergio Gabrielli.

Joint Power Auctions by Serbia and Hungary

Τρι, 9 Νοεμβρίου 2010 - 15:24

Serbia’s and Hungary’s grid operators will begin joint daily and monthly auctions of cross-border power capacity starting in January 2011, an official of Elektromreza Srbije (EMS) said yesterday. The total capacity available for allocation will be 600-700 megawatts, Milos Mladenovic, assistant general manager at EMS, Serbia’s grid operator, told Reuters.