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Oettinger Plans EU Deepwater Drilling Ban

Δευ, 11 Οκτωβρίου 2010 - 15:12

Europe's energy chief will this week call for a temporary ban on new deepwater drilling for oil until a probe is completed into the causes of BP's spill in the Gulf of Mexico, a draft document shows.

EU Sees Aviation Deal as Green Light for Emissions Trading

Δευ, 11 Οκτωβρίου 2010 - 15:11

A deal struck by the International Civil Aviation Organisation (ICAO) on capping emissions from international aviation paves the way for swift inclusion of aviation in the EU's emissions trading scheme, the European Commission said on Saturday (9 October).

Turkey Must Offer Tax Privileges for Samsun-Ceyhan Pipeline - Transneft

Δευ, 11 Οκτωβρίου 2010 - 15:10

The Samsun-Ceyhan oil pipeline must have a privileged tax regime in Turkey to guarantee competitive tariffs, Nikolai Tokarev, head of Russia's oil pipeline monopoly Transneft, said on Monday.

North Korea Forging Ahead With Uranium Weapons Work -Study

Παρ, 8 Οκτωβρίου 2010 - 19:05

North Korea is forging ahead with work to enrich uranium for nuclear weapons, which could add to its atomic arsenal and raise the risk it will sell nuclear know-how abroad, a study said Friday.

OMV To Invest EUR600M Turkish Power Plant

Παρ, 8 Οκτωβρίου 2010 - 19:04

Austrian oil and gas company OMV AG (OMV.VI) is to invest EUR600 million on building its first combined-cycle power plant in Turkey, the company said Friday.

Total, Shell Keep Line Open With Tehran Despite US Claim-Sources

Παρ, 8 Οκτωβρίου 2010 - 19:04

Total SA (TOT) and Royal Dutch Shell PLC (RDSB.LN) discreetly contacted Iranian authorities last week, seeking to reassure the Islamic Republic after telling the U.S. they have no plans for further investments for now, people familiar with the matter said in recent days.

Shah Deniz Consortium To Shortlist Gas Buyers By Year-End-Source

Παρ, 8 Οκτωβρίου 2010 - 19:04

The consortium of energy companies developing the second phase of Azerbaijan's offshore natural gas field Shah Deniz is likely to shortlist buyers for the gas by the end of the year, a person familiar with the negotiation told Dow Jones Newswires.

IMF Strauss-Kahn: World Policy Cooperation Could Add 2.5% Growth

Παρ, 8 Οκτωβρίου 2010 - 19:03

If countries were to coordinate their macroeconomic policies with each other it could add 2.5% in world economic growth over the next five years, International Monetary Fund Managing Director Dominique Strauss-Kahn said Thursday.

Greek Finance Minister: Expect To Return To Primary Surpluses From 2012

Παρ, 8 Οκτωβρίου 2010 - 19:03

Greece hopes it won't need to extend a EUR110 billion bailout program from the International Monetary Fund and the European Union beyond 2012--by which time it expects to return to the debt market and start showing primary surpluses in its annual budget, Finance Minister George Papaconstantinou said Thursday.

Greek PPC Looks Abroad to Offset Losses at Home- Eyes Hydro Projects in Balkans, Romania, Turkey

Παρ, 8 Οκτωβρίου 2010 - 17:04

PPC, Greece's biggest electricity producer, will expand abroad to offset market share losses at home as the debt-laden country liberalises its power market, the head of the utility said.

Power Rate Cuts for Millions of Homes, Firms

Παρ, 8 Οκτωβρίου 2010 - 15:30

The Public Power Corporation (PPC) announced new electricity rates for 2011 that will see cuts by up to 20 percent for some 1.2 million homes, while about 1 million companies are set for reductions of between 5 and 18 percent within the context of the power market’s liberalization. In contrast, farmers and the owners of holiday homes will see rates rise by up to 14 percent.

Nabucco Delayed as Azerbaijan Talks Drag On

Παρ, 8 Οκτωβρίου 2010 - 15:29

The final decision on investment in the Nabucco pipeline will definitely not be taken this year and has been delayed until 2011 because gas supply talks with Azerbaijan are dragging on, an Austrian newspaper reported today (8 October).

Paris Oil Drillers Target 100 Billion Barrels Near Brie, Wine

Παρ, 8 Οκτωβρίου 2010 - 15:28

Pierre Henry farms wheat and corn east of Paris in an area famous for its Brie cheese. The next big hit might be crude oil. Henry’s farm, 78 kilometers (49 miles) from the French capital, sits atop what geologists call the Paris Basin, an area bordering Champagne and Chablis vineyards that struck oil in 1958. Henry leased a field to Exxon Mobil Corp. in 1985, which drilled wells that have pumped for a quarter century.