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Denmark to Develop Fossil Fuel-Free Energy Network by 2050

Παρ, 1 Οκτωβρίου 2010 - 15:19

The Danish climate commission has predicted that country could be powered entirely by wind energy by 2050. The committee has also predicted that wind and biomass energy could meet the bulk of the country’s energy requirements. This green switch would also prove to be cheaper than continuing to use fossil fuels.

Bulgaria's Energy Regulator Approves 0.94% Cut in Natural Gas Prices

Παρ, 1 Οκτωβρίου 2010 - 15:18

Bulgaria's energy regulator approved on Thursday a 0.94% cut in natural gas prices to 537.4 levs ($374.4/274.7 euro) per 1,000 cubic metres for the fourth quarter of 2010, excluding a 20% Value Added Tax.

Colossal Turkmen Gas Reserves Available For EU - President

Πεμ, 30 Σεπτεμβρίου 2010 - 19:18

Turkmenistan's president said Thursday the isolated Central Asian state had the capacity to almost quadruple gas exports in the next 20 years and was ready to meet demand from Europe.

Steel, Iron Ore Demand Growth Dependent On China-Analysts

Πεμ, 30 Σεπτεμβρίου 2010 - 19:17

Emerging market demand for steel and iron ore will be the main drivers in the coming years with China the most important, analysts said Thursday.

Suzlon Chairman: Wind Power Demand To Rise In 2011

Πεμ, 30 Σεπτεμβρίου 2010 - 19:17

Demand in the global wind power industry will remain flat this year, but then rise at least 10% next amid mounting call in emerging economies, Tulsi Tanti, chairman of Indian wind turbine maker Suzlon Energy Ltd. (532667.BY), said Thursday.

EU Seen Continuing Palm Oil Use For Biofuels - Analyst

Πεμ, 30 Σεπτεμβρίου 2010 - 19:16

The European Union is unlikely to ban the use of palm oil as a biofuel due to fears it may push up prices, a senior economist with agricultural analyst LMC International Ltd. said Thursday.

Brazil Boosts Petrobras Stake To 49%, 64.3% Of Voting Shares

Πεμ, 30 Σεπτεμβρίου 2010 - 19:16

Brazil's government, the country's sovereign wealth fund and National Development Bank, or BNDES, together now hold a 49% stake in oil company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, and a 64.3% share of voting shares, the company said late Wednesday.

BP's Dudley:Comfortable With Funds Set Aside For Gulf Spill-CNBC

Πεμ, 30 Σεπτεμβρίου 2010 - 19:16

Bob Dudley, who takes over as chief executive at BP PLC (BP) Friday, said Thursday that some $32 billion in funds set aside by the company to cover costs stemming from the explosion and spill from the Deepwater Horizon well in the Gulf of Mexico should be adequate.

Albania: Sky Petroleum Predicts 875 million boe in Albanian Blocks

Πεμ, 30 Σεπτεμβρίου 2010 - 17:27

Sky Petroleum, Inc., an oil and gas company, released the findings of a detailed report written in cooperation with McKinsey & Company, a consulting firm, assessing the potential value of the three exploration blocks, Four, Five and Dumre (the "Albanian Blocks").

The Mediterranean Green Development Investors Forum, 23 Oct. at the Astir Palace, Athens, Greece

Πεμ, 30 Σεπτεμβρίου 2010 - 17:26

The Mediterranean Green Development Investors Forum has been co-organised by Institute for Climate and Energy Security and the EIB, under the auspices of the Prime Minister of Greece with the unequivocal purpose of driving green capital investment into projects across the Mediterranean region.

Drilling Plans Off Cuba Stir Fears of Impact on Gulf

Πεμ, 30 Σεπτεμβρίου 2010 - 15:39

Five months after the BP oil spill, a federal moratorium still prohibits new deepwater drilling in the American waters of the Gulf of Mexico. And under longstanding federal law, drilling is also banned near the coast of Florida.

Commission Approves Spain’s Coal Aid

Πεμ, 30 Σεπτεμβρίου 2010 - 15:36

The European Commission has cleared Spain's controversial state aid plan to support its domestic coal sector over the next four years, despite warnings that it will scupper the EU's green energy goals.

Romania's Energy Market

Πεμ, 30 Σεπτεμβρίου 2010 - 15:35

Romania is scaring off energy investors by hurting market competition with regulated gas and electricity prices and its plans to consolidate its state power producers, an industry conference heard yesterday. Foreign investors are slowly beginning to voice concerns about government policy in the recession-hit economy which many analysts see as a potentially lucrative energy market.