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Lithuania Aims To Bring Latvia, Estonia Into LNG Project

Lithuania Aims To Bring Latvia, Estonia Into LNG Project

Τρι, 14 Σεπτεμβρίου 2010 - 19:03

Lithuania said Tuesday that it planned to bring Baltic neighbors Latvia and Estonia on board in a liquefied natural gas project, as the region strives to cut its dependence on supplies from Russia.

Several Big RES Projects Get the Green Light

Several Big RES Projects Get the Green Light

Τρι, 14 Σεπτεμβρίου 2010 - 15:54

The Regulatory Authority for Energy (RAE) announced yesterday the approval of several major projects concerning renewable energy sources (RES) for a total of 2.1 billion euros. The approval, completed last week, is for projects that will have a combined output of 840 megawatts.

Peak Oil Is Back on the Radar

Peak Oil Is Back on the Radar

Τρι, 14 Σεπτεμβρίου 2010 - 14:26

In July, a German military think tank became the latest group to issue a warning about the approach of "Peak Oil." This is only the most recent indication of support for the position on oil supplies and likely market pricing scenarios I have been talking about.

Lukoil Gets Caspian Break

Lukoil Gets Caspian Break

Τρι, 14 Σεπτεμβρίου 2010 - 14:25

Upstream reports that Lukoil is set to receive long-sought tax breaks on oil from new North Caspian fields, similar to those competitors are getting in East Siberia.

UN IAEA Chief Regrets Irans Ban On Inspectors

UN IAEA Chief Regrets Iran's Ban On Inspectors

Δευ, 13 Σεπτεμβρίου 2010 - 19:02

United Nations' atomic watchdog chief Yukiya Amano expressed "great regret" Monday at Iran's decision to bar key inspectors from the country, saying it hampered the agency's ability to carry out its investigation.

Drilling Confirms Major Owo Oil Discovery - Tullow

Drilling Confirms Major Owo Oil Discovery - Tullow

Δευ, 13 Σεπτεμβρίου 2010 - 19:02

U.K. independent oil and gas company Tullow Oil PLC (TLW.LN) said Monday that new drilling results and other tests confirm the Owo prospect in Ghana is a "major new oil field."

E.ON, RWE Dont Face Worst-Case With Nuclear Tax

E.ON, RWE Don't Face Worst-Case With Nuclear Tax

Δευ, 13 Σεπτεμβρίου 2010 - 19:01

The outcome of Germany's discussions on new nuclear taxation isn't the worst case scenario for E.ON (EOAN.XE) and RWE (RWE.XE), Deutsche Bank says. Life extension is longer, risk of a double taxation seems to have been removed and security requirements lower.

Ecuadors Jan-July Oil Exports Rise 71% On Year To $5.05Bln

Ecuador's Jan-July Oil Exports Rise 71% On Year To $5.05Bln

Δευ, 13 Σεπτεμβρίου 2010 - 19:00

Ecuador's crude oil export revenue totaled $5.05 billion for the January-July period, a 71% increase from $2.96 billion a year earlier, due to higher oil prices, the Central Bank of Ecuador reported Monday

Turkey and Iraq Near Pipe Deal

Turkey and Iraq Near Pipe Deal

Δευ, 13 Σεπτεμβρίου 2010 - 15:24

Turkey and Iraq plan to sign an accord this week to extend the operation of a major oil pipeline six months after they agreed to renew the deal, Turkish Energy Minister Taner Yildiz said today.

BP Sees Oil Spill Claims Below $20 Billion

BP Sees Oil Spill Claims Below $20 Billion

Δευ, 13 Σεπτεμβρίου 2010 - 15:21

BP believes compensation claims related to its Gulf of Mexico oil spill will be less than the $20 billion the oil giant has put into an independent claims fund, analysts at Citigroup said, following a meeting with incoming Chief Executive Bob Dudley.

RWE Drops Plans To Build Poland Coal-Fired Power Plant

RWE Drops Plans To Build Poland Coal-Fired Power Plant

Παρ, 10 Σεπτεμβρίου 2010 - 18:57

German utility RWE AG (RWE.XE) said Friday it has dropped plans to build an 800 megawatt coal-fired power plant in Silesia, Poland, adding that "uncertain market conditions" and the European Union carbon dioxide emissions trading scheme make the project economically inviable.

Total Considers Sale Of UK Filling Stations

Total Considers Sale Of UK Filling Stations

Παρ, 10 Σεπτεμβρίου 2010 - 18:56

French energy major Total SA (TOT) said Friday it could sell its 480 gasoline stations in the U.K. as part of a strategic review by its U.K. arm.

GDF Suez Sells Out Gas Natural Stake For EUR540M

GDF Suez Sells Out Gas Natural Stake For EUR540M

Παρ, 10 Σεπτεμβρίου 2010 - 18:56

French power group GDF Suez (GSZ.FR) Friday confirmed it sold its entire stake of 5.01% in Spanish energy company Gas Natural SDG SA (GAS.MC) for EUR540 million in cash.