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Polish-Russian Gas Treaty Receives EU Blessing

Παρ, 5 Νοεμβρίου 2010 - 13:59

Poland and Russia are due to sign an agreement in Brussels today (4 November) that will see Gazprom increase its deliveries to Warsaw by 38%. Energy Commissioner Günther Oettinger said the treaty would have "EU legitimacy".

Coal Still King as Green Power IPO Struggles

Παρ, 5 Νοεμβρίου 2010 - 13:58

Waning investor interest in clean energy contrasted sharply with enthusiasm for coal on Thursday as shares in Enel Green Power fell on their debut while Coal India's soared.

Deed of Assignment Between Groundstar Resources and Aegean Energy Approved by the Egyptian Authorities

Πεμ, 4 Νοεμβρίου 2010 - 18:46

Groundstar Resources Limited (TSX VENTURE:GSA) is pleased to announce that the Egyptian Ministry of Petroleum has approved the deed of assignment which transfers a 60% net interest in the West Kom Ombo block to Aegean Energy. This approval completes one of the main conditions of the Sale Agreement between the two companies announced in June 2010.

Iranians Stage Mass Protest Against "Great Satan" US

Πεμ, 4 Νοεμβρίου 2010 - 18:45

Thousands of Iranians chanted "Death to America" as they staged a mass protest Thursday against the "Great Satan" to mark the 31st anniversary of the capture of the American embassy by Islamist students.

Turkey, Venezuela Sign Energy Cooperation Deal - IHA

Πεμ, 4 Νοεμβρίου 2010 - 18:45

Turkish Energy Minister Taner Yildiz said Thursday Turkey and Venezuela signed an agreement to cooperate in the energy sector, the Ihlas News Agency, or IHA, reported.

OPEC's El-Badri: $90/Bbl Oil Wouldn't Hinder Economic Growth

Πεμ, 4 Νοεμβρίου 2010 - 18:44

An oil price of $90 a barrel wouldn't hinder global economic growth, the top official in the Organization of Petroleum Exporting Countries said Thursday, echoing similar statements by the group's largest producer Saudi Arabia.

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.