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EU Biofuels Growth on Hold as Green Benefits Queried

Πεμ, 11 Νοεμβρίου 2010 - 16:37

The European Union's biofuels industry is unlikely to expand until the debate about their impact on climate change is resolved and clear policies emerge, the head of major UK biofuels firm said on Wednesday.

RWE: 3rd Round Of Talks To Buy Azerbaijani Gas On Fri

Τετ, 10 Νοεμβρίου 2010 - 19:10

German energy company RWE AG (RWE.XE) Friday will resume negotiations to secure natural gas from Azerbaijan that would be crucial to reduce Europe's dependence on Russian imports, the company's head of supply and trading said Wednesday.

Canada Oil Sands Industry Must Get 'Social License' To Grow -Report

Τετ, 10 Νοεμβρίου 2010 - 19:10

Negative perception of Canada's oil sands could slow its growth if the industry doesn't make a compelling case for continued development, a report by the U.S. consulting firm Deloitte says.

BP Gears Up To Shut Down UK North Sea Field On Iran Sanctions

Τετ, 10 Νοεμβρίου 2010 - 19:10

BP PLC (BP) said Wednesday it was taking steps to shut down a natural-gas field in the U.K. North Sea that it jointly owns with Iran, confirming a warning last month that new European sanctions could interrupt the operation.

UN Climate Chief: US Expected To Live Up To Pledge To Cut Carbon Emissions 17%

Τετ, 10 Νοεμβρίου 2010 - 19:09

The nations of the world expect the U.S. to "live up" to its pledge made last year in Copenhagen to cut greenhouse-gas emissions by 17% by 2020, the United Nations' official overseeing international climate negotiations said Wednesday.

Agreement On Japan-Russia LNG Project Postponed -Nikkei

Τετ, 10 Νοεμβρίου 2010 - 19:09

An agreement on a Japanese-Russian liquefied natural gas project has been delayed after Russia's Gazprom (GAZP.RS) chief canceled a scheduled trip to Japan, raising speculation that a recent territorial spat is casting a pall over bilateral relations, The Nikkei reported in its Thursday morning edition.

Saudi Keeps Dec Term Crude Volumes To Europe Unchanged- Trade

Τετ, 10 Νοεμβρίου 2010 - 19:09

Saudi Arabian Oil Co., or Saudi Aramco, has left its December term crude oil allocations for European buyers unchanged from November, two European oil companies said Wednesday.

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.