English Edition

US Sets BP 72-Hour Deadline For Fresh Oil Spill Plans

Τετ, 9 Ιουνίου 2010 - 19:00

The United States government has given BP PLC (BP) 72 hours to produce updated plans for containing the oil spill in the Gulf of Mexico.

EU Barroso: Too Early To Assess EU Unconventional Gas Potential

Τετ, 9 Ιουνίου 2010 - 19:00

It is still too soon to know what role unconventional natural gas will be able to play in the European Union's energy mix, the European Commission President Jose Manuel Barroso said Wednesday.

Total, Abengoa In $600M Solar Deal With Masdar

Τετ, 9 Ιουνίου 2010 - 18:59

Abu Dhabi government-owned Masdar, the renewable energy initiative, Wednesday appointed France's Total S.A. (TOT) and Spain's Abengoa Solar (ABG.MC) as partners on a $600 million solar power project in the Gulf emirate--the world's largest concentrated solar power, or CSP, plant.

Iraq's Kirkuk Oil Flow To Turkey Still On Hold - Shipper

Τετ, 9 Ιουνίου 2010 - 18:59

Iraq's crude oil pumping from Kirkuk oil fields to Turkey's Ceyhan export terminal was still on hold Wednesday, the fourth running day, a Middle East shipping agent at the port said.

Burgas-Alexandroupolis Pipeline May be Suspended -Shmatko

Τετ, 9 Ιουνίου 2010 - 16:01

Construction of the Burgas-Alexandroupolis oil pipeline may be suspended if Bulgaria makes no decision on how to develop the project before autumn 2010, Energy Minister Sergei Shmatko said on Wednesday.

Worries Mount Over China's Rare Earth Export Ban

Τετ, 9 Ιουνίου 2010 - 16:00

Beijing's plan to ban exports of key raw materials called 'rare earths' as of 2015 is a cause for concern among manufacturers of high-tech products ranging from computers to electric car batteries and wind turbines, experts warned.

The EIA’s Oil Production Optimism Peaks

Τετ, 9 Ιουνίου 2010 - 15:58

Has the US Energy Information Agency, traditionally one of the more bullish of the long-term forecasters on oil production, changed its tune? Steven Kopits of energy consultants Douglas-Westwood (and sometime FT ES reader), thinks so — particularly with its forecasts out to 2020.

Papandreou Seeks to Revive Gaddafi Ties

Τετ, 9 Ιουνίου 2010 - 15:55

The Greek prime minister will travel to Libya today for talks with Muammer Gaddafi on possible investments in Greece as Athens struggles to overcome the country's fiscal crisis.

EU Announces Tighter Controls on Biofuels

Τετ, 9 Ιουνίου 2010 - 15:39

The European Commission will seek revitalize its biofuels police by announcing a quality-certification process for biodiesel and ethanol.

Bulgaria’s Energy Strategy, Renewables Plan Due in July

Τετ, 9 Ιουνίου 2010 - 15:38

Bulgaria’s national energy strategy and the new renewable energy legislation are among the most urgent tasks facing the country’s new deputy energy minister Mariy Kosev, Dnevnik reported.

$100 Oil Will Soon Be Here to Stay, Says Former Shell Oil President

Τρι, 8 Ιουνίου 2010 - 14:13

Former Shell Oil President John Hofmeister says that despite the current catastrophe in the Gulf of Mexico with BP oil spill, the U.S. should continue to produce petroleum domestically to keep gas prices from soaring.

Planned EU Legislation Won't Deliver Single Electricity Market

Τρι, 8 Ιουνίου 2010 - 14:11

Only European electricity network planning will deliver the required transmission capacity to meet current energy challenges and optimise the use of existing networks and power plants, Brussels-based think-tank Bruegel said yesterday (7 June). Its new analysis shows that upcoming EU legislation will not be enough to do the trick.

Shale Gas Not Yet Game-Changer for Europe

Τρι, 8 Ιουνίου 2010 - 14:10

Shale gas cannot be seen yet as a game changer in Europe as it is in the United States, where roughly 50% of the country's needs are met by developing unconventional gas. The conclusion was reached by international experts at a public event held in Brussels yesterday (7 June).