English Edition

Areva Signs JV With Kazakhstan's Kazatomprom For Fuel Business

Τετ, 27 Οκτωβρίου 2010 - 18:53

French nuclear engineering and mining group Areva (CEI.FR) Wednesday said it signed a joint venture with Kazakhstan's Kazatomprom to build a fuel manufacturing business in the Asian country.

Tsakos Energy's Stock Sale Priced At 8.3% Discount

Τετ, 27 Οκτωβρίου 2010 - 18:53

Tsakos Energy Navigation Ltd. (TNP) said the planned sale of at least 7.6 million shares was priced at an 8.3% discount to Tuesday's close.

Maersk Oil Gets Exploration Licenses For 10 UK North Sea Blocks

Τετ, 27 Οκτωβρίου 2010 - 18:52

Maersk Oil Wednesday said the UK Department of Energy and Climate Change awarded it 10 blocks in the 26th Licensing Round.

Spain Govt Expects To OK New Renewable Aid Rules In Nov

Τρι, 26 Οκτωβρίου 2010 - 19:04

New regulation for renewable energy in Spain is expected to be approved by the cabinet in November and come into effect at the beginning of next year, Antonio Hernandez, general director for energy and mines at Spain's industry ministry, said Tuesday.

TNK-BP 3Q Profit Down 14%; Sees Higher 2011 Output

Τρι, 26 Οκτωβρίου 2010 - 19:03

Russia's No. 3 oil producer TNK-BP International, part-owned by U.K. oil major BP PLC (BP), said Tuesday its third-quarter net profit fell 14% despite higher oil prices and output, and that it expects further output growth.

Total, Chevron Question Safety Of BP Macondo Well Design

Τρι, 26 Οκτωβρίου 2010 - 19:03

Senior executives at major oil companies Total SA (TOT) and Chevron Corp. (CVX) Tuesday criticized the safety of the design BP PLC (BP) used on its Macondo well in the Gulf of Mexico, which spilled millions of barrels of oil earlier this year following a blowout.

Turkey Won't Change Electricity, Gas Prices In 2011 - IHA

Τρι, 26 Οκτωβρίου 2010 - 19:02

Turkish Economy Minister Ali Babacan said Tuesday Turkey has decided not to change its electricity prices by the end of 2011, the Ihlas News Agency, or IHA, reported.

Lukoil May Sell Some Conoco-held Shares In Offering - Interfax

Τρι, 26 Οκτωβρίου 2010 - 19:02

Russia oil company OAO Lukoil Holdings (LKOH.RS) may sell some of its shares held by ConocoPhillips (COP) in a secondary share offering, Interfax reports Tuesday, citing comments from Chief Executive Vagit Alekperov.

Indonesia Quake Triggers Tsunami; At Least 113 Dead

Τρι, 26 Οκτωβρίου 2010 - 19:02

A tsunami caused by an Indonesian earthquake late Monday night killed at least 113 people and left almost 200 others missing after it swept across villages on remote islands off the coast of Sumatra. Officials expected the death toll to climb as damage reports emerged.

Borisov Not Sure About Burgas-Alexandroupolis

Τρι, 26 Οκτωβρίου 2010 - 16:38

Bulgaria's Prime Minister Borisov has made it clear that there is hardly anyway that the Burgas-Alexandroupolis oil pipeline will be built, reacting to an initiative for a joint position on part of the other participants, Russia and Greece.

Siemens Likely Strategic Investor in Bulgaria's Belene NPP

Τρι, 26 Οκτωβρίου 2010 - 16:38

German company Siemens is most likely the new strategic investor in Bulgaria's Belene nuclear power plant, sources said.

Worlds Largest Solar Energy Park to generate about 5GW of electrical power

Τρι, 26 Οκτωβρίου 2010 - 16:30

South Africa has unveiled plans for the world’s largest solar power plant, which will help generate about 5GW of electrical power. Expected to cost about £18.42bn, the project will be a mix of latest solar technologies and will include giant mirrors and solar panels in Northern Cape. Generating one-tenth of the country’s present energy needs, the solar plant will also help reduce carbon emissions.

BP Won't Be Quitting US Or Deep Water Drilling - CEO

Δευ, 25 Οκτωβρίου 2010 - 19:04

BP PLC (BP) won't quit its businesses in the U.S. and must keep drilling for oil in deep water in the Gulf of Mexico despite the damage to its reputation wrought by the huge oil spill there this summer, the company's new Chief Executive Robert Dudley said Monday.