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E.ON, RWE Strike Deal On Nuclear Power Quota Transfer

E.ON, RWE Strike Deal On Nuclear Power Quota Transfer

Πεμ, 6 Μαΐου 2010 - 18:32

German utilities E.ON AG (EOAN.XE) and RWE AG (RWE.XE) have agreed in principle to transfer power production quotas from E.ON's decommissioned Stade nuclear power plant to the Biblis A reactor, which would allow RWE to operate Biblis A longer.

EU:No Role To Play In Possible Russia-Ukraine Gas Tie

EU:No Role To Play In Possible Russia-Ukraine Gas Tie

Πεμ, 6 Μαΐου 2010 - 18:31

The European Commission has no role to play at the moment in a possible combination of Russia's and Ukraine's gas companies, European Commissioner for Energy Guenther Oettinger said Thursday.

Oil Hovers Near $80 on Greece Concerns

Oil Hovers Near $80 on Greece Concerns

Πεμ, 6 Μαΐου 2010 - 13:42

Oil hovered near $80 a barrel on Thursday, after earlier hitting a six-week low as fears that Greece's economic crisis may spread to other European nations raised uncertainty over future global energy demand.

We Cry Over Spilled Oil, Yet Subsidize the Production of Ultra-Polluting Cars

We Cry Over Spilled Oil, Yet Subsidize the Production of Ultra-Polluting Cars

Πεμ, 6 Μαΐου 2010 - 13:41

The oil spill in the Gulf of Mexico, coupled to the recent rebound in auto sales, remind us of something that even Republican oilman George W. Bush often said: the United States uses too much petroleum. Why then is the federal government forcing taxpayers to subsidize the manufacture of a 556-horsepower luxury car that gets 14 miles per gallon?

EU Takes Greece To Court Over Greek Utility Ownership Limits

EU Takes Greece To Court Over Greek Utility Ownership Limits

Τετ, 5 Μαΐου 2010 - 18:35

The European Commission Wednesday said it will refer Greece to the European Court of Justice for not acting to end ownership restrictions on Public Power Corp. SA (PPC.AT), the country's largest electric utility.

Russian Oil Tanker Seized By Somali Pirates

Russian Oil Tanker Seized By Somali Pirates

Τετ, 5 Μαΐου 2010 - 18:34

Somali pirates seized control of an oil-laden Russian tanker in the Gulf of Aden early Wednesday, the European Union's anti-piracy mission said. The 106,000 metric ton Moscow University was "hijacked approximately 350 nautical miles east of Socatra," the Yemeni island off the Somali coast, as it made its way out of the Gulf bound for China, EUNAVFOR said.

XTO Energy 1Q Profit Falls 32% As Prices Fall, Costs Rise

XTO Energy 1Q Profit Falls 32% As Prices Fall, Costs Rise

Τετ, 5 Μαΐου 2010 - 18:33

XTO Energy Inc.'s (XTO) first-quarter earnings fell 32% as the natural-gas producer was hurt by lower prices during what was likely its last quarter as an independent company. Still, profit beat analysts' expectations.

Statoil: US Oil Spill To Have Impact On All Companies

Statoil: US Oil Spill To Have Impact On All Companies

Τετ, 5 Μαΐου 2010 - 18:33

The oil spill from a BP PLC (BP) well in the Gulf of Mexico will have an impact on all companies operating in the region, including the likelihood of tighter regulations and slower opening of new exploration areas, Statoil ASA's (STO) Chief Financial Officer, Eldar Saetre, said Wednesday.

Gulf Oil Spills Worst-Case Seen At 40,000-60,000 Barrels/Day

Gulf Oil Spill's Worst-Case Seen At 40,000-60,000 Barrels/Day

Τετ, 5 Μαΐου 2010 - 18:32

As much as 40,000 to 60,000 barrels of oil a day could spill into the Gulf of Mexico from a leaking BP PLC (BP, BP.LN) deepwater well under the worst cases envisioned by company officials, a lawmaker said on Tuesday.

Statoil First-Quarter Profit Triples on Gain in Crude Oil Prices, Output

Statoil First-Quarter Profit Triples on Gain in Crude Oil Prices, Output

Τετ, 5 Μαΐου 2010 - 13:04

Statoil ASA, Norway’s largest oil and gas company, said first-quarter profit tripled as crude prices surged and production increased. Net income rose to 11.1 billion kroner ($1.8 billion), or 3.49 kroner a share, from 3.67 billion kroner, or 1.15 kroner, a year earlier

Greenland Oil Rush Looms as Exxon Eyes Cairn’s Bet

Greenland Oil Rush Looms as Exxon Eyes Cairn’s Bet

Τετ, 5 Μαΐου 2010 - 13:02

Cairn Energy Plc is betting $400 million this year on striking oil off Greenland, a campaign that will be closely watched by producers such as Exxon Mobil Corp. and Chevron Corp. that hold rights off the island.

U.S. Oil Spill Hurting Energy Moves in Congress

U.S. Oil Spill Hurting Energy Moves in Congress

Τετ, 5 Μαΐου 2010 - 12:57

The massive, uncontrolled oil spill in the Gulf of Mexico is roiling President Barack Obama's carefully laid plans to open up America's coasts to drilling again, while rattling Congress to a point where the oil industry's exploratory plans could face a big shake-up.