English Edition

China Official: Hydropower Capacity Goal Challenging

Τετ, 25 Αυγούστου 2010 - 18:11

China's goal of 380 gigawatts of installed hydropower generating capacity by 2020 is challenging but achievable, the state-run Xinhua News Agency reports Wednesday, citing Zhang Guobao, head of the National Energy Administration.

BHP Billiton CEO: Only A Few Cos Capable Of Bidding For Potash-CNBC

Τετ, 25 Αυγούστου 2010 - 18:10

BHP Billiton Ltd. (BHP) Chief Executive Marius Kloppers Wednesday said only a few companies are capable of assembling the kind of financing needed to compete with the company's unsolicited all-cash $38.6 billion offer for Potash Corp. of Saskatchewan Inc. (POT).

Brazil's NPA At Odds With Petrobras Over Offshore Oil -Report

Τετ, 25 Αυγούστου 2010 - 18:10

Brazil's government is in disagreement with state-run oil company Petroleo Brasileiro (PBR, PETR4.BR) over the volume of oil held in offshore areas that will be granted to the company, the Folha de S. Paulo newspaper reported Wednesday.

Biden: US On Track to Double Renewable Energy Capacity

Τετ, 25 Αυγούστου 2010 - 14:19

Government stimulus spending has put the country on track to double renewable energy production capacity by 2012 and halve solar power costs by 2015, Vice President Joseph Biden said on Tuesday.

Ukrainian PM Hopes to Review Gas Contract with Russia

Τετ, 25 Αυγούστου 2010 - 14:18

The Ukrainian government plans to suggest a review of the Russian-Ukrainian gas contract, which provides for a quarterly change in Ukraine's gas price, Ukrainian Prime Minister Mykola Azarov said on Wednesday.

Hellenic Petroleum Results: 2Q Net Income at 16m

Τρι, 24 Αυγούστου 2010 - 18:06

Despite the adverse macroeconomic environment and weak local market conditions, the Group reported a 'strong set of results' for the second quarter and first half of 2010. The positive results are mainly due to Refining, Supply and Trading which benefited from improved international benchmark refining margins, a stronger USD and the impact of a series of cost control measures initiated over the last 18 months.

France To Seek Tenders For Wind Farm Project

Τρι, 24 Αυγούστου 2010 - 18:03

The French government is preparing to call for tenders for a massive offshore wind-farm project requiring an investment of between EUR15 billion and EUR20 billion, reports Les Echos, citing government sources.

OPEC To Invest 40Bln In Refining Capacity Expansion

Τρι, 24 Αυγούστου 2010 - 18:02

Members of the Organization of Petroleum Exporting Countries, or OPEC, will be investing heavily in downstream activities over the coming years despite uncertainty about the global economic climate, OPEC Secretary General Salem El-Badri said in the latest OPEC Bulletin.

Japans Gasoil Exports to Reach Record as Refineries Increase Production

Τρι, 24 Αυγούστου 2010 - 18:01

Gasoil exports from Japanese refiners may rise to a record this month after plants return from maintenance and boost processing amid increased demand for fuel as temperatures soar.

Rig Survivor Blames BPs Well Design

Τρι, 24 Αυγούστου 2010 - 18:01

BP Plc’s ‘screwed-up’ well design caused the Gulf of Mexico explosion that killed 11 workers and created the worst oil spill in U.S. history, a Transocean Ltd. rig supervisor who barely survived the disaster says.

Kuwait Concerned Over Irans Bushehr Nuclear Plant

Τρι, 24 Αυγούστου 2010 - 18:00

Kuwait has expressed safety concerns over Iran's new nuclear reactor on the opposite side of the Gulf, fearing fallout from possible leaks, the official news agency KUNA reported.

Cairn Greenland Gas Development A Long Shot

Τρι, 24 Αυγούστου 2010 - 17:59

If Cairn Energy (CNE.LN) were to continue finding gas off Greenland, commercial development would be unlikely, says Bernstein Research.

China, South Africa Sign Deals To Deepen Ties In Resources, Energy

Τρι, 24 Αυγούστου 2010 - 17:58

China and South Africa on Tuesday signed a raft of commercial deals in mining, finance, nuclear energy and other sectors during a visit by South African President Jacob Zuma, as Beijing strengthens its commercial ties with Africa's largest economy.

Venezuela Sets 5-Year Plan To Reduce Reliance On Hydropower

Τρι, 24 Αυγούστου 2010 - 17:57

Venezuela plans to sharply reduce its reliance and hydropower over the next five years while increasing its use of thermoelectric power to take advantage of its hefty reserves of oil and gas.

Bulgaria Needs Different Sources for Gas Price Drop

Τρι, 24 Αυγούστου 2010 - 14:43

The price of natural gas might drop by 16% but only if Bulgaria managed to diversify its sources, according to the Balkan and Black Sea Oil and Gas Association.

Russia May Build Chinese Pipeline Before South Stream

Τρι, 24 Αυγούστου 2010 - 13:40

Russian energy giant Gazprom may build a gas pipeline from Russia to China before it implements the South Stream project, planned for gas transportation across the Black Sea, a business daily said on Tuesday.