English Edition

Enel Green Power Shares Slip On Bourse Debut

Πεμ, 4 Νοεμβρίου 2010 - 18:44

Enel Green Power SpA (EGPW.MI) shares fell Thursday on their first day of trading following Europe's biggest initial public offering since the financial crisis began, as investors distance themselves from the renewables sector.

Italys Fortone Steps up Presence in Greece

Πεμ, 4 Νοεμβρίου 2010 - 16:56

Fortore Energia, the Italian company working in the wind energy, photovoltaic and biomass sector, is increasing its presence in the Greek market. After having founded Fortore Gea Hellas, with head offices in Kozani, it submitted a request to the state authority for energy to be authorised to install 10 photovoltaic plants in western Macedonia, each with a 500 KW capacity.

PetroBulgaria Plans to Identify, Acquire and Operate Bulgaria's Oil and Gas

Πεμ, 4 Νοεμβρίου 2010 - 16:54

Park Place Energy Corp. announced this week that the Company has created a subsidiary, PetroBulgaria Energy Inc. to hold its interest in the Vranino block in Bulgaria. Going forward, PetroBulgaria's mandate will be to identify, acquire and operate oil and gas exploration and production properties in Bulgaria either through direct acquisition from the Ministry of Economy, Energy and Tourism through the Governments bid process or through joint venture opportunities

Commission Adopts 4 Bn Plan for Renewables, CCS

Πεμ, 4 Νοεμβρίου 2010 - 16:52

The European Commission adopted a proposal on Wednesday (3 November) to give four billion euros of funding to cutting-edge climate technologies such as renewable energies and carbon capture and storage (CCS).

Energy Routes: Azerbaijan

Πεμ, 4 Νοεμβρίου 2010 - 14:25

Azerbaijan is mulling various natural gas export routes as it waits for European countries to decide on investment in the Nabucco pipeline to tap Caspian resources, according to its deputy foreign minister. Azerbaijan was expected to be the first supplier to Nabucco, planned to ship Caspian gas more than 3,300 kilometers (2,050 miles) from Turkey to Austria to cut Europe’s dependence on Russia.

EU Energy Chief: To Look At Poland, Russia Gas Deal Thursday

Τετ, 3 Νοεμβρίου 2010 - 18:52

The European Commission will look at a Polish agreement with Russia about natural gas supply Thursday and is confident that it meets European Union requirements, the EU energy chief said Wednesday.

Gazprom Sells Stake In Eni, Enel Joint Venture For $1.5 Bln

Τετ, 3 Νοεμβρίου 2010 - 18:51

Russian gas firm OAO Gazprom (GAZP.RS) has sold a controlling stake in SeverEnergia--a natural gas project part-owned by Eni SpA (ENI.MI) and Enel SpA (ENEL.MI)--for $1.5 billion, Gazprom's oil arm OAO Gazprom Neft (SIBN.RS) said Wednesday.

Californians Reject Proposal To Suspend Climate Law

Τετ, 3 Νοεμβρίου 2010 - 18:51

A California ballot measure that would suspend the state's climate law was failing early Wednesday after most ballots had been counted.

Rosneft Lifts 2010 Output Forecast To 119 Mln Tons

Τετ, 3 Νοεμβρίου 2010 - 18:51

Russia's biggest oil producer OAO Rosneft (ROSN.RS) Wednesday raised its oil production forecast for this year to over 119 million metric tons, or between 7% and 7.5% more than last year.

EU: Safest Nuclear Waste Disposal Deep Underground

Τετ, 3 Νοεμβρίου 2010 - 18:50

The European Commission proposed Wednesday new rules that would push European Union countries to build storage for nuclear waste hundreds of meters underground, in an effort to increase safety in a highly controversial technology.

Venezuela 2011 Budget Sees Oil Production At 3M Barrels

Τετ, 3 Νοεμβρίου 2010 - 18:50

Venezuela Energy Minister Rafael Ramirez reiterated Wednesday that the country's 2011 budget will set expected oil production at 3.011 million barrels. Oil accounts for more than one-third of Venezuela's gross domestic product, more than half of government revenue and about nine-tenths of the country's exports.

Future of Serbian Energy Sector in New Investments

Τετ, 3 Νοεμβρίου 2010 - 16:17

Minister of Energy and Mining Petar Skundric said that the future of the Serbian energy sector lies in new investments, creating new energy capacities and jobs, greater social security for miners and application of modern technologies in the area.

Austrian OMV Aims at Making Turkey a Third Hub for Operations

Τετ, 3 Νοεμβρίου 2010 - 16:16

The Wall Street Journal - Austrian gas and oil company OMV AG said it would acquire a majority stake in Turkish fuel and oil products retailer Petrol Ofisi A.S., in a EUR 1 billion (USD 1.39 billion) transaction aimed at making Turkey a third hub for OMV's operations