English Edition

Iraq To Sign Oil Pipeline Accord With Turkey Sunday

Πεμ, 16 Σεπτεμβρίου 2010 - 19:03

Iraq is planning to sign an accord Sunday with Turkey to extend the operation of a major oil pipeline after they agreed to renew the deal, the Iraqi Oil Ministry said in a statement Thursday.

RWE CFO: Nuclear Tax To Cut Ebitda By EUR700M A Year

Πεμ, 16 Σεπτεμβρίου 2010 - 19:03

Power utility RWE AG (RWE.XE) expects a new tax on nuclear fuel rods that the German government wants to impose from 2011 will reduce earnings before interest, taxes, depreciation and amortization could by around EUR700 million annually in coming years, daily newspaper the Financial Times Deutschland reports in its Thursday edition.

UK Should Act Now To Adapt To Climate Change - UK Body

Πεμ, 16 Σεπτεμβρίου 2010 - 19:02

The U.K. needs to overhaul key infrastructure including power stations, roads, railways, and water supplies in order to mitigate the worst effects of climate change, said an independent body that advises the U.K. government on climate change.

First GEOFAR Workshop Successfully Held in Madrid

Πεμ, 16 Σεπτεμβρίου 2010 - 17:20

The 1st on the series of GEOFAR Workshops took place in Madrid at the Institute of Geology and Mines of Spain ( IGME) and was co-organized with the Institute of Energy for SE Europe ( IENE). “A European Solution for Geothermal Energy Projects in Spain” was the topic of this joined IGME-IENE Workshop, which was attended by more than 100 participants from a wide range of companies and institutions, including state organizations, local authorities and private companies involved in geothermal projects in Spain and Europe

Nabucco Expects Gas to Flow from Azerbaijan and Iraq by Late 2015

Πεμ, 16 Σεπτεμβρίου 2010 - 16:58

The Nabucco pipeline consortium said on Wednesday it expects gas to flow from Azerbaijan and Iraq by late 2015 with or without phase two production at Azerbaijan's giant Shah Deniz deposit. Azerbaijan says phase two production at the field, co-led by BP and Statoil and estimated to hold 1.2 trillion cubic metres of gas, could begin in late 2016.

Germany's E.ON to Supply Croatia with Gas

Πεμ, 16 Σεπτεμβρίου 2010 - 16:57

Germany's major energy firm E.ON-Ruhrgas said on Wednesday it was involved in talks about supplying Croatia with gas.

Arctic Does Not Need NATO Presence - Lavrov

Πεμ, 16 Σεπτεμβρίου 2010 - 15:47

Russia sees no need for a NATO presence in the Arctic, Russian Foreign Minister said on Thursday. "We do not see what benefit NATO can bring to the Arctic...I do not think NATO would be acting properly if it took upon itself the right to decide who should solve problems in the Arctic," Sergei Lavrov said during talks with his Canadian counterpart, Lawrence Cannon.

Russia to Stand by South Stream Under any Circumstance

Πεμ, 16 Σεπτεμβρίου 2010 - 15:45

Russia does not intend to abandon the implementation of the South Stream gas pipeline project whatever proposals for participation in the Ukrainian gas transportation system may be made to it, Russian Energy Minister Sergei Shmatko said on Thursday.

GEOFAR Project: Boosting Investments in Geothermal Energy

Πεμ, 16 Σεπτεμβρίου 2010 - 13:58

The EU-funded project GEOFAR – Geothermal Finance and Awareness in European Regions, which deals with the application and promotion of geothermal energy in Europe is being carried out within the framework of EU’s “Intelligent Energy Europe” (IEE) programme, which is part of the Competitiveness and Innovation Framework Programme.

Greek Energy Ministry Sets Specific Shares for Each Renewable Source

Τετ, 15 Σεπτεμβρίου 2010 - 18:57

The Greek Ministry of Energy and Climate Change reached today a decision about the share of each Renewable Energy Source in the country’s energy mix for 2020.

Transocean CEO: Agrees With 'General Conclusion' Of BP's Report

Τετ, 15 Σεπτεμβρίου 2010 - 18:47

Transocean Ltd. (RIG) Chief Executive Steven Newman said Wednesday he accepts the broad findings of BP's (BP, BP.LN) investigation into the events leading to the explosion on the Deepwater Horizon rig.

Venezuela Energy Minister Says $100-A-Barrel Oil Is Fair Price

Τετ, 15 Σεπτεμβρίου 2010 - 18:46

Venezuela Energy Minister Rafael Ramirez said $100 would be a "fair price" for a barrel of crude oil, saying such a price takes into account the constant investments needed to maintain production levels.

Chevron: Near Natural Gas Deal With CNPC

Τετ, 15 Σεπτεμβρίου 2010 - 18:46

Chevron Corp. (CVX) is close to an initial deal with China National Petroleum Corp. to import natural gas from Australia, in the energy industry's latest bet that growing demand from China will justify multibillion-dollar projects aimed at tapping and transporting new gas supplies.