English Edition

Turkey To Up Power Transmission Capacity To Georgia-IHA

Turkey To Up Power Transmission Capacity To Georgia-IHA

Turkey plans to raise its power transmission capacity to Georgia by 1,000 megawatts from the current 100 MW, Turkish Energy Minister Taner Yildiz said Wednesday, the Ihlas News Agency, or IHA, reported.

Russias TNK-BP Eyeing BP Assets Abroad

Russia's TNK-BP Eyeing BP Assets Abroad

Russian oil major TNK-BP Ltd.--jointly owned by BP PLC (BP) and a group of Russian businessmen--said Wednesday it would be interested in buying assets from its U.K. shareholder as a platform for international expansion.

Apocalypse in the Gulf: Could a Sinkhole Swallow the Deepwater Horizon Well -- And BP?

Apocalypse in the Gulf: Could a Sinkhole Swallow the Deepwater Horizon Well -- And BP?

BP has confirmed that the failed blowout preventer (BOP) on its Deepwater Horizon well in the Gulf of Mexico is tilting sideways at an acute angle 12 to 15 degrees from perpendicular. Geologists and petroleum engineers are now debating the worst case scenario: growing evidence that the Macondo discovery well’s casings beneath the ocean floor have been irreversibly damaged

India Loses to China in Africa-to-Kazakhstan-to-Venezuela Oil

India Loses to China in Africa-to-Kazakhstan-to-Venezuela Oil

Indian Oil Minister Murli Deora traveled to Nigeria, Angola, Uganda, Sudan, Saudi Arabia and Venezuela this year, leading a record number of delegations to gain oil for the world’s third-fastest-growing major economy.

No Consensus as Obama, Senators Discuss Energy Bill

No Consensus as Obama, Senators Discuss Energy Bill

U.S. President Barack Obama on Tuesday urged lawmakers to put a price on carbon pollution in an upcoming Senate energy bill, but a meeting at the White House ended with no consensus, according to some senators and congressional aides.

Russia Presses Bulgaria on Nuclear Plant

Russia Presses Bulgaria on Nuclear Plant

Moscow is pressing Sofia to give its green light to a new nuclear power station to be built by Russian firm Atomstroyexport, with Russia's EU ambassador hinting that Bulgaria's participation in the South Stream pipeline project depends on its decision. Dnevnik, EurActiv's partner in Bulgaria, reports.

Carbon Offset Auditors Get Poor Grade

Carbon Offset Auditors Get Poor Grade

Reviewers of carbon-offsetting projects in developing countries under the UN's Clean Development Mechanism (CDM) were given poor grades for the second year in a row by green group WWF.

IENE Seminar to Focus on «Oil and the Economy»

IENE Seminar to Focus on «Oil and the Economy»

The strong interdependence between oil and the economy will be the subject of a seminar to be organized by IENE which will be held on Thursday, July 1st 2010 in the Auditorium of the National Research Foundation (NHRF) in Athens (48 Vassileos Constantinou Ave., 11635 Athens, Greece). Through «Oil and Economy 2010» Seminar, the Institute of Energy for SE Europe provides the opportunity of discussion between key players of the Greek oil market including senior company executives, analysts, academics as well as representatives of professional and consumers associations, in an effort to examine all aspects of the oil market and its functioning

Russia Calls On Bulgaria To Decide On South Stream

Russia Calls On Bulgaria To Decide On South Stream

Russia has urged Bulgaria to decide whether to commit itself to the South Stream gas pipeline project and Belene nuclear power plant, Bulgaria's Novonite news agency reports Tuesday.

Romania To Get Over 40% In Rompetrol If Debt Not Paid-Minister

Romania To Get Over 40% In Rompetrol If Debt Not Paid-Minister

Romania will gain a 40% stake in oil refinery Rompetrol Rafinare (RRC.RO) if Kazakhstan's KazMunaiGas chooses to repay only $100 million of a $684 million outstanding debt to the state, news agency Mediafax cites Finance Minister Sebastian Vladescu as saying Tuesday.

E.ON May Swap Gazprom Stake For Upstream Assets - Source

E.ON May Swap Gazprom Stake For Upstream Assets - Source

German energy group E.ON AG (EOAN.XE) is considering swapping its 3.5% stake in Russian gas giant OAO Gazprom (GAZP.RS) for upstream assets in Russia, a person familiar with the matter said Tuesday.

Iraq Cabinet Approves Shell Gas Deal In S Iraq-Official

Iraq Cabinet Approves Shell Gas Deal In S Iraq-Official

The Iraqi cabinet Tuesday approved a deal with Royal Dutch Shell PLC (RDSA) and Mitsubishi Corp. (8058.TO) to develop a gas-structure project in southern Iraq, paving the way for a final signature of the multibillion deal, a government spokesman.

China To Boost Nuclear Power Generating Capacity -Report

China To Boost Nuclear Power Generating Capacity -Report

China is expected to have installed nuclear power generating capacity of 70-80 gigawatts by 2020 and 200 GW by 2030, the China Securities Journal reported Tuesday citing a senior energy expert.

Mr. Borisov’s Tightrope Game

Mr. Borisov’s Tightrope Game

For those who follow the progress and inclinations of Bulgaria’s centre right populist government ever since it came to power last July, the announcement made on June 11th by prime minister Boyko Borisov, over his intention to pull out of the much touted Burgas-Alexandroupolis oil pipeline project did not come as a total surprise.