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European Smart Electricity Market to Reach $25bn by 2020, Report Says

European Smart Electricity Market to Reach $25bn by 2020, Report Says

Δευ, 9 Αυγούστου 2010 - 11:54

The smart electricity market in the European Union isexpectedto expand rapidlyin coming years, according toa report by Greenbang, an independentsustainability research house, which sees the meter market hitting between $24bn and $26bn by 2020

GDF, International Power Said to Near Deal on Combining Assets

GDF, International Power Said to Near Deal on Combining Assets

Δευ, 9 Αυγούστου 2010 - 11:50

GDF Suez SA and International Power Plc are near an agreement that would have France’s second- largest utility take control of the British company with interests in more than 45 power stations, according to two people with knowledge of the matter.

BP Says Macondo Oil Well to Be Permanently Sealed This Month

BP Says Macondo Oil Well to Be Permanently Sealed This Month

Δευ, 9 Αυγούστου 2010 - 11:49

BP Plc plans to finish drilling into the base of the Macondo well in the Gulf of Mexico this week so it can pump in mud and cement to permanently plug the source of the world’s biggest offshore accidental oil spill.

Experts Warn Moscow Pollution Levels Remain Too High

Experts Warn Moscow Pollution Levels Remain Too High

Δευ, 9 Αυγούστου 2010 - 11:47

Air pollution in Moscow may have eased on Sunday but levels will continue to exceed the norm for the near future, a specialist at Russia's State Environmental Agency said.

Cost Of Insuring BP Debt Continues To Fall-Markit

Cost Of Insuring BP Debt Continues To Fall-Markit

Παρ, 6 Αυγούστου 2010 - 18:30

The cost of insuring debt issued by BP PLC (BP.LN) fell again Friday after the company filled its leaking oil well in the Gulf of Mexico with cement, successfully completing the latest stage of its "static kill" operation.

Turkish Regulator OKs LNG Import License For Turcas Unit - IHA

Turkish Regulator OKs LNG Import License For Turcas Unit - IHA

Παρ, 6 Αυγούστου 2010 - 18:29

Turkish fuel distributor and energy firm Turcas Petrol AS (TRCAS.IS) said Friday that Turkish energy markets regulator EPDK has approved a 10-year liquefied natural gas import licence for its unit Turcas Gaz Toptan Satis A.S., the Ihlas News Agency, or IHA, reported.

Cyprus Power Needs Grow in Heat Wave

Cyprus Power Needs Grow in Heat Wave

Παρ, 6 Αυγούστου 2010 - 15:22

The Electricity Authority of Cyprus (EAC) may have to increase production capacity by 225 megawatts by 2019 after a surge in demand, the authority’s general director, Stelios Stylianou, said. A heat wave in Cyprus since July 31, with temperatures reaching 46 degrees Celsius (115 degrees Fahrenheit), saw demand peak at 1,148 megawatts, 50 megawatts above the same period last year, Stylianou told reporters at the Vassiliko power station yesterday.

Power Plants Not For Sale

Power Plants Not For Sale

Παρ, 6 Αυγούστου 2010 - 15:20

Environment, Energy and Climate Change Minister Tina Birbili yesterday categorically ruled out the possibility of the debt-ridden government selling a huge chunk of the Public Power Corporation’s (PPC) production facilities as part of a liberalization program aimed at improving competitiveness.

Turkey to Continue Trade with Iran

Turkey to Continue Trade with Iran

Παρ, 6 Αυγούστου 2010 - 13:47

Turkey's Energy Minister Taner Yildiz said oil trade with Iran would continue and added that the United Nations' sanctions imposed no restrictions on energy trade with Iran.

Democrats Propose End to Big Oil Tax Break

Democrats Propose End to Big Oil Tax Break

Παρ, 6 Αυγούστου 2010 - 13:46

US Senate Democrats have proposed repealing a tax break for the largest oil companies operating in the US, starting from 31 December this year.

Multinational Oil, The US and Nigeria: A Crude Contrast

Multinational Oil, The US and Nigeria: A Crude Contrast

Παρ, 6 Αυγούστου 2010 - 13:26

The 20 April explosion of BP’s Deepwater Horizon oil rig has given rise to a terrible ecological disaster, proving devastating for wildlife, ecosystems and people’s livelihoods across much of the Gulf of Mexico. The explosion claimed the lives of 11 workers, and an estimated 200,000 gallons per day of oil has been spilling out of the damaged rig despite BP’s efforts to contain the environmental mess.

Bulgarian Govt Grants Melrose 10 Year Gas Concession

Bulgarian Govt Grants Melrose 10 Year Gas Concession

Παρ, 6 Αυγούστου 2010 - 13:17

Bulgaria’s Cabinet has granted a ten-year concession for the extraction of natural gas to the UK company Melrose Resources. The concession refers to the Kavarna deposit. Last week the government and Melrose announced the discovery of new natural gas deposits in the Black Sea off the northern Bulgarian coast, whose extraction is expected to bring down the natural gas prices in the country.

Russia May Redirect More Crude To Asia

Russia May Redirect More Crude To Asia

Πεμ, 5 Αυγούστου 2010 - 18:36

More Russian crude oil exports could be redirected to Asia from Europe, when construction of a new pipeline link to China is finished, says JBC Energy. Notes Russian crude exports via the Black and Baltic Seas fell by a combined 230,000 barrel/day in 1H '10, while exports via Kozmino rose by 290,000 barrel/day.