English Edition

E.ON, RWE Don't Face Worst-Case With Nuclear Tax

Δευ, 13 Σεπτεμβρίου 2010 - 19:01

The outcome of Germany's discussions on new nuclear taxation isn't the worst case scenario for E.ON (EOAN.XE) and RWE (RWE.XE), Deutsche Bank says. Life extension is longer, risk of a double taxation seems to have been removed and security requirements lower.

Energy Infrastructure To Meet 2030 Demand Not Built Yet -IHS CERA

Δευ, 13 Σεπτεμβρίου 2010 - 19:01

Most of the energy infrastructure needed to meet demand in 2030 has not yet been built, says Dan Yergin, chairman of IHS Cambridge Energy Research Associates.

Ecuador's Jan-July Oil Exports Rise 71% On Year To $5.05Bln

Δευ, 13 Σεπτεμβρίου 2010 - 19:00

Ecuador's crude oil export revenue totaled $5.05 billion for the January-July period, a 71% increase from $2.96 billion a year earlier, due to higher oil prices, the Central Bank of Ecuador reported Monday

Brazil's Petrobras Sees Demand For Fuels Rising 12% In 2010

Δευ, 13 Σεπτεμβρίου 2010 - 19:00

Brazil's booming economy continues to stoke domestic demand for fuels, the downstream director of energy giant Petroleo Brasileiro SA (PBR), or Petrobras, said Monday.

Turkey and Iraq Near Pipe Deal

Δευ, 13 Σεπτεμβρίου 2010 - 15:24

Turkey and Iraq plan to sign an accord this week to extend the operation of a major oil pipeline six months after they agreed to renew the deal, Turkish Energy Minister Taner Yildiz said today.

BP Sees Oil Spill Claims Below $20 Billion

Δευ, 13 Σεπτεμβρίου 2010 - 15:21

BP believes compensation claims related to its Gulf of Mexico oil spill will be less than the $20 billion the oil giant has put into an independent claims fund, analysts at Citigroup said, following a meeting with incoming Chief Executive Bob Dudley.

RWE Drops Plans To Build Poland Coal-Fired Power Plant

Παρ, 10 Σεπτεμβρίου 2010 - 18:57

German utility RWE AG (RWE.XE) said Friday it has dropped plans to build an 800 megawatt coal-fired power plant in Silesia, Poland, adding that "uncertain market conditions" and the European Union carbon dioxide emissions trading scheme make the project economically inviable.

Total Considers Sale Of UK Filling Stations

Παρ, 10 Σεπτεμβρίου 2010 - 18:56

French energy major Total SA (TOT) said Friday it could sell its 480 gasoline stations in the U.K. as part of a strategic review by its U.K. arm.

GDF Suez Sells Out Gas Natural Stake For EUR540M

Παρ, 10 Σεπτεμβρίου 2010 - 18:56

French power group GDF Suez (GSZ.FR) Friday confirmed it sold its entire stake of 5.01% in Spanish energy company Gas Natural SDG SA (GAS.MC) for EUR540 million in cash.

Sinopec, CNOOC Seeks $7B Bid For Brazil OGX Oil Blocks

Παρ, 10 Σεπτεμβρίου 2010 - 18:56

Chinese companies China Petrochemical Corp. (SNP), or Sinopec, and China National Offshore Oil Corp., or CNOOC, are bidding for stakes in assets owned by Brazilian oil and gas company OGX Petroleo e Gas Participacoes SA (OGXP3.BR, OGXPY), in a potential $7 billion deal, Reuters reported Friday.

Rich-world's Level Of Unused Oil Near '98 Record High-IEA

Παρ, 10 Σεπτεμβρίου 2010 - 18:55

The International Energy Agency Friday said the amount of unused oil in industrialized nations neared a record high as of July, the most recent month for data available, indicating that crude prices are likely to remain trading at comfortable levels for consumers for some time.

China Agreed With Japan To Extend Term Coal Supply To 2011-2015

Παρ, 10 Σεπτεμβρίου 2010 - 18:55

China has agreed with Japan to extend its long-term thermal coal supply deal for five years from April next year, a person close to the situation said Friday.

The Tussle Between Brussels and Moscow over Natural Gas to Europe is Reaching a Head

Παρ, 10 Σεπτεμβρίου 2010 - 15:12

The tussle between Brussels and Moscow over control of piped natural gas to Europe is reaching a head, as the EU-backed Nabucco gas pipeline project received a boost from international lenders on September 6, while a few days earlier Russia moved to tie up supplies of gas that would feed that pipeline.

Shareholders of Burgas-Alexandropoulis Pipeline Project Company Discuss Financial, Eco Issues in Oct

Παρ, 10 Σεπτεμβρίου 2010 - 15:03

The shareholders of the Trans Balkan Pipeline (TBP) project company that will build the Burgas-Alexandroupolis oil pipeline will discuss in October the financial and environmental aspects of the project, Russia's oil pipeline monopoly Transneft said.

Greek Eurobank Invests In Green Technology, Food Export Firms

Πεμ, 9 Σεπτεμβρίου 2010 - 18:40

Greece's EFG Eurobank Ergasias SA (EUROB.AT), the country's No. 2 lender, said Thursday it has made two separate investments in companies in the food export and green technology sectors.

Chevron CEO: Gas Prices To Remain Depressed

Πεμ, 9 Σεπτεμβρίου 2010 - 18:39

Chevron Corp. (CVX) believes natural gas prices will remain depressed because of excess supply and weak industrial demand, but in the longer term, prices will improve because of increased demand, mainly from electricity generation at the expense of coal, due to environmental reasons, the company's Chief Executive John Watson told analysts from Oppenheimer & Co. in a meeting, according to a note from the bank.