English Edition

Obama, Medvedev Discuss Progress on Iran Sanctions

Παρ, 14 Μαΐου 2010 - 14:15

President Barack Obama and Russian President Dmitry Medvedev on Thursday called for the speeding up of six-nation negotiations on a U.N. sanctions resolution against Iran over its nuclear program.

Obama Wants $80 billion to Upgrade Nuclear Arms Complex

Παρ, 14 Μαΐου 2010 - 14:15

President Barack Obama sent a landmark arms-reduction treaty with Russia to the Senate on Thursday for ratification and called for $80 billion in nuclear funding, which could help win opposition support.

Greek Electricity Union Calls 48-Hour Strike Over Reforms

Πεμ, 13 Μαΐου 2010 - 18:06

The Greek electricity workers union has decided that it will strike for 48 hours on May 18 to protest new pension reform and austerity measures, adding to the long list of planned strikes.

Cnooc To Sign Iraq Missan Field Deal Mon-Official

Πεμ, 13 Μαΐου 2010 - 18:06

A consortium led by Cnooc Ltd. (CEO), the Hong-Kong-listed unit of China National Offshore Oil Corp., will sign a final deal with Iraq to develop the 2.5 billion-barrel Missan oil field complex in southern Iraq, a senior Iraqi oil ministry official said Thursday.

Venezuela Gas Rig Sinks; No Environmental Risk

Πεμ, 13 Μαΐου 2010 - 18:05

A natural gas exploration rig sank off the coast of Venezuela early Thursday, but the nearly 100 workers aboard were safely evacuated and the accident poses no environmental risk, officials said.

Turkish Agency: 67 Firms Pre-qualify For Power Grid Tenders

Πεμ, 13 Μαΐου 2010 - 18:05

Turkey's privatization agency OIB said Thursday that 67 firms have met the pre-qualification criteria to bid in the tenders of four state-owned power distribution grids, the Ihlas News Agency, or IHA, reported.

Energy Executives Endorse Kerry-Lieberman Climate Bill

Πεμ, 13 Μαΐου 2010 - 18:04

Lewis Hay, chief executive and chairman of FPL Group Inc. (FPL), joked Wednesday that he couldn't believe he was on the same side of major energy legislation as James Rogers, the chief executive of Duke Energy Corp. (DUK).

India To Fully Commission 99 MW Wind Project By End-June

Πεμ, 13 Μαΐου 2010 - 18:03

CLP India, a unit of Hong-Kong's CLP Group, said Thursday it expects to fully commission its 99 megawatt wind energy farm near Theni in the southern state of Tamil Nadu by the end of June.

Electric Cars Coming Soon to Europe's Roads

Πεμ, 13 Μαΐου 2010 - 13:54

The first mass-market electric cars are coming to Europe later this year. Below are details about some of the models:

Shell’s Alaska plans, BP’s Tiber Appraisal Delayed by Spill

Πεμ, 13 Μαΐου 2010 - 13:52

More and more reports are coming in about delays to oil drilling projects as a result of the Deepwater Horizon accident and continuing oil leak. There is a temporary moratorium on new drilling permits, and a suspension of hearings on Virginia’s offshore development.

Enel 1Q Net Profit At EUR1.05 Bln; Keeps 2010 Targets

Τετ, 12 Μαΐου 2010 - 18:15

Italian utility Enel SpA (ENEL.MI) Wednesday said first-quarter net profit slipped 45%, in line with expectations, after the year-ago figures were flattered by an exceptional gain.

Russia Ready To Discuss Merging Rival Oil Pipelines - Report

Τετ, 12 Μαΐου 2010 - 18:15

Russia plans to propose merging the Kremlin-backed Burgas-Alexandroupolis oil pipeline and the Turkish Samsun-Ceyhan pipeline once Bulgaria clarifies its stance on the first project, Russian news agency RIA Novosti reports on its website Wednesday, citing Russia's energy minister.

Turkish PM:Russia Nuclear Deal To Be Ratified By Parliaments-IHA

Τετ, 12 Μαΐου 2010 - 18:14

Turkish Prime Minister Recep Tayyip Erdogan said Wednesday Russia and Turkey have signed a deal to build Turkey's first nuclear-power plant, a project estimated to cost up to $20 billion, and the deal with Russia will be ratified by the countries' parliaments, the Ihlas News Agency, or IHA, reports.

Pirates Seize Greek Ship In Gulf Of Aden - Coastguard

Τετ, 12 Μαΐου 2010 - 18:14

A Greek-owned freighter was seized by pirates in the Gulf of Aden with a crew of 23 people on board, most of them Filipinos, the ship's operating company said Wednesday. "A group of around 10 pirates on speedboats boarded the vessel," the general manager of Athens-based Eurobulk Ltd. Markos Vassilikos told AFP.

Jordan Targets 100,000 B/D Oil Output By 2020

Τετ, 12 Μαΐου 2010 - 18:14

Jordan is planning to produce up to 100,000 barrels a day by 2020 from the country's vast oil shale-rock formation and other oil exploration blocks from almost nothing now, senior Jordanian energy and company officials said.

Oil Price Likely To Stabilize After Greek Bailout-OPEC Sec Gen

Τετ, 12 Μαΐου 2010 - 18:13

The head of the Organisation of Petroleum Exporting Countries said Wednesday he thought Greece's bailout package would work and could stabilize the oil price. "If this package solves the Greece problem which I'm sure it will then the market will stabilize," Secretary General Abdalla Salem El Badri said on the sidelines of an energy conference in Doha, Qatar.