English Edition

Sinopec, CNOOC Seeks $7B Bid For Brazil OGX Oil Blocks

Παρ, 10 Σεπτεμβρίου 2010 - 18:56

Chinese companies China Petrochemical Corp. (SNP), or Sinopec, and China National Offshore Oil Corp., or CNOOC, are bidding for stakes in assets owned by Brazilian oil and gas company OGX Petroleo e Gas Participacoes SA (OGXP3.BR, OGXPY), in a potential $7 billion deal, Reuters reported Friday.

Rich-world's Level Of Unused Oil Near '98 Record High-IEA

Παρ, 10 Σεπτεμβρίου 2010 - 18:55

The International Energy Agency Friday said the amount of unused oil in industrialized nations neared a record high as of July, the most recent month for data available, indicating that crude prices are likely to remain trading at comfortable levels for consumers for some time.

China Agreed With Japan To Extend Term Coal Supply To 2011-2015

Παρ, 10 Σεπτεμβρίου 2010 - 18:55

China has agreed with Japan to extend its long-term thermal coal supply deal for five years from April next year, a person close to the situation said Friday.

The Tussle Between Brussels and Moscow over Natural Gas to Europe is Reaching a Head

Παρ, 10 Σεπτεμβρίου 2010 - 15:12

The tussle between Brussels and Moscow over control of piped natural gas to Europe is reaching a head, as the EU-backed Nabucco gas pipeline project received a boost from international lenders on September 6, while a few days earlier Russia moved to tie up supplies of gas that would feed that pipeline.

Shareholders of Burgas-Alexandropoulis Pipeline Project Company Discuss Financial, Eco Issues in Oct

Παρ, 10 Σεπτεμβρίου 2010 - 15:03

The shareholders of the Trans Balkan Pipeline (TBP) project company that will build the Burgas-Alexandroupolis oil pipeline will discuss in October the financial and environmental aspects of the project, Russia's oil pipeline monopoly Transneft said.

Greek Eurobank Invests In Green Technology, Food Export Firms

Πεμ, 9 Σεπτεμβρίου 2010 - 18:40

Greece's EFG Eurobank Ergasias SA (EUROB.AT), the country's No. 2 lender, said Thursday it has made two separate investments in companies in the food export and green technology sectors.

Chevron CEO: Gas Prices To Remain Depressed

Πεμ, 9 Σεπτεμβρίου 2010 - 18:39

Chevron Corp. (CVX) believes natural gas prices will remain depressed because of excess supply and weak industrial demand, but in the longer term, prices will improve because of increased demand, mainly from electricity generation at the expense of coal, due to environmental reasons, the company's Chief Executive John Watson told analysts from Oppenheimer & Co. in a meeting, according to a note from the bank.

EU To Approve Eni Pipeline Stake Sale By End Sept

Πεμ, 9 Σεπτεμβρίου 2010 - 18:39

The European Commission is expected to finally approve Italian energy giant Eni SpA's (E) sale of stakes in three natural gas pipelines by the end of September, a person familiar with the situation said Thursday.

China's Energy Goals Prompt Scramble

Πεμ, 9 Σεπτεμβρίου 2010 - 18:38

Some local governments in China are rationing power to factories, homes and hospitals--and even shutting down traffic lights--in a scramble to fall into line with Beijing's unyielding energy-efficiency targets that also underscores the challenges in finding apt and lasting measures.

Hyundai Unveils its First Electric Car

Πεμ, 9 Σεπτεμβρίου 2010 - 12:50

Hyundai Motor, South Korea's No.1 carmaker, unveiled its first pure electric car on Thursday, with a goal of commencing mass production of the vehicles in 2012.

EU Next Energy Savings Plan to Focus on Buildings

Πεμ, 9 Σεπτεμβρίου 2010 - 12:46

Buildings will be at the centre of the EU's new energy savings plan, which the European Commission plans to present by the end of the year, the EU energy commissioner has said.

EU to Define Vulnerable Energy Customers

Πεμ, 9 Σεπτεμβρίου 2010 - 12:44

The EU is set to draft a definition of energy poverty in a bid to put consumers on the bloc's energy policy agenda. During an informal meeting of EU energy ministers, the European Commission agreed to produce a report presenting adefinition of vulnerable energy customers.