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Spain Pricks Solar Power Bubble as Greek Fate Looms

Spain Pricks Solar Power Bubble as Greek Fate Looms

Παρ, 30 Απριλίου 2010 - 13:52

Spain is lancing an 18 billion-euro ($24 billion) investment bubble in solar energy that has boosted public liabilities, choking off new projects as it works to cut power prices and insulate itself from Greece’s debt crisis.

Germany Raids 50 Firms in Carbon Trading Inquiry

Germany Raids 50 Firms in Carbon Trading Inquiry

Παρ, 30 Απριλίου 2010 - 13:50

German prosecutors said on Wednesday (28 April) they had searched more than 230 sites in a probe based on suspicions of tax evasion in the trading of European Union carbon dioxide (CO2) emissions rights certificates.

Offshore Wind Boom Gathers Pace as Utilities Seek 18% Margins

Offshore Wind Boom Gathers Pace as Utilities Seek 18% Margins

Παρ, 30 Απριλίου 2010 - 13:47

E.ON AG and Vattenfall Europe AG are among utilities leading a worldwide push to develop offshore wind power, overcoming a lack of work ships, stormy seas and higher costs to make almost twice the profit they would on land.

Chevron CEO: $80/Bbl Oil Isnt Great Risk To Economy

Chevron CEO: $80/Bbl Oil Isn't Great Risk To Economy

Πεμ, 29 Απριλίου 2010 - 16:44

Chevron Corp. (CVX) Chief Executive John Watson said Wednesday that oil prices of more than $80 a barrel aren't a risk for the global economy and it isn't likely that they will increase dramatically.

ConocoPhilips 1Q Profit More Than Doubles; Shares Up

ConocoPhilips 1Q Profit More Than Doubles; Shares Up

Πεμ, 29 Απριλίου 2010 - 16:43

ConocoPhilips's (COP) first-quarter earnings more than doubled as the oil company benefited from higher crude prices, while refining operations saw improved utilization rates and more favorable heavy crude differentials.

Exxon Mobil 1Q Profit Up 38% On Price Surge; Shares Fall

Exxon Mobil 1Q Profit Up 38% On Price Surge; Shares Fall

Πεμ, 29 Απριλίου 2010 - 16:42

Exxon Mobil Corp.'s (XOM) first-quarter earnings rose 38% as lower refining margins partially offset the big benefit from surging oil prices. The results slightly missed analysts' expectations, and shares fell 1.7% premarket to $68.03.

Saudi Arabia Eager To Diversify Economy, Saudi Minister Says

Saudi Arabia Eager To Diversify Economy, Saudi Minister Says

Πεμ, 29 Απριλίου 2010 - 16:41

Saudi Arabia is no longer content to be "the gas station to the world," and is determined to diversify its oil-rich economy by investing in manufacturing and technology businesses, the Saudi minister of commerce and industry said Wednesday.

Eni: South Stream Study At Advance Phase; No Decision Yet

Eni: South Stream Study At Advance Phase; No Decision Yet

Πεμ, 29 Απριλίου 2010 - 16:41

The study of the South Stream project that aims to transport Russian natural gas into Europe via the Black Sea is at an advanced level, but the final decision on investment still hasn't been taken, Eni SpA (E) Chief Executive Paolo Scaroni said Thursday.

BP Says Gulf Leak Could Be Up To 5,000 Barrels/Day

BP Says Gulf Leak Could Be Up To 5,000 Barrels/Day

Πεμ, 29 Απριλίου 2010 - 16:40

A BP executive on Thursday agreed with a U.S. government estimate that the oil leak in the Gulf of Mexico could be pumping up to 5,000 barrels a day of crude into the ocean, far more than previously thought.

Carbon Trade - Romania

Carbon Trade - Romania

Πεμ, 29 Απριλίου 2010 - 12:31

The Romanian government yesterday gave its go-ahead to a carbon-trading scheme to cut greenhouse gas emissions, hoping to earn up to 2.5 billion euros ($3.3 billion) until 2012. “Romania can trade about 300 million credits, divided into 1-million-ton packages,” Economy Minister Adriean Videanu said during a press conference.

China in Pakistan Nuclear Deal

China in Pakistan Nuclear Deal

Πεμ, 29 Απριλίου 2010 - 12:29

China has agreed to build two new civilian nuclear reactors in Pakistan, according to Chinese companies and officials in Islamabad and Beijing, in a deal that could reignite debate about nuclear commerce and proliferation.

Saudi Arabia Global Oil Exports to Wane Post-2010

Saudi Arabia Global Oil Exports to Wane Post-2010

Πεμ, 29 Απριλίου 2010 - 12:28

Saudi Arabia’s long-standing status as a swing producer of crude oil could be drawing to a close according to the head of national oil company Saudi Aramco.Global oil exports from Saudi Arabia, the world's largest oil producer alongside Russia, will start to wane in the coming years as domestic demand surges and spare capacity drops, warned Khalid al-Falih, chief executive officer of Saudi Aramco

Kazakhstan Investigates Kazakh Oil Giant $1.25 bln Embezzlement Scam

Kazakhstan Investigates Kazakh Oil Giant $1.25 bln Embezzlement Scam

Πεμ, 29 Απριλίου 2010 - 12:19

Kazakh authorities have launched a criminal investigation against the directors of the oil consortium Karachaganak Petroleum Operating (KPO) suspected of embezzling 187 billion tenge ($1.25 billion), a Kazakh financial police official said on Thursday.

Gulf of Mexico Leak Grows, Oil Slick Nears Shore

Gulf of Mexico Leak Grows, Oil Slick Nears Shore

Πεμ, 29 Απριλίου 2010 - 12:17

The U.S. Coast Guard said on Wednesday five times as much oil as previously estimated was leaking from a well beneath the site of a deadly drilling rig explosion as the slick threatened wide-scale coastal damage for four U.S. Gulf Coast states.