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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.

EU Approves Eni Sale Of 3 Natural Gas Pipelines

Τετ, 29 Σεπτεμβρίου 2010 - 18:47

The European Commission has cleared Italian energy giant Eni SpA (E) to sell its stakes in three international natural gas pipelines, a move that will improve competition on the Italian natural gas market, the commission said Wednesday.

Turkey PM Says Nabucco Agreements To Be Signed Soon; Scolds EU

Τετ, 29 Σεπτεμβρίου 2010 - 18:46

Turkey's Prime Minister Recep Tayyip Erdogan said Wednesday that agreements related to the Nabucco pipeline project are planned to be signed in October, but urged European policymakers to catch up with regional developments and be sensitive to Ankara's energy interests in the region.

Brazil Likely To Auction New Hydro Power In Mid-December

Τετ, 29 Σεπτεμβρίου 2010 - 18:46

Brazil's auction of as many as 10 hydroelectric dams may take place in mid-December, the state-owned energy research corporation EPE said Wednesday.

Statoil Announces Successful Oil Find Offshore Angola

Τετ, 29 Σεπτεμβρίου 2010 - 18:45

Statoil Wednesday announced a successful oil discovery in the Cabaca South East-2 well in block 15/06, located offshore Angola. -Statoil holds a 5% stake in block 15/06.

Iran Nuclear Plant Will Start After Two-month Delay - Official

Τετ, 29 Σεπτεμβρίου 2010 - 18:45

Iran's atomic chief said Wednesday the country's first nuclear power plant will be ready to generate electricity by January--two months later than previously announced.