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IEA: '10 Global Demand Rising But Still Downside Risks

Πεμ, 10 Ιουνίου 2010 - 19:03

The International Energy Agency Thursday raised its 2010 world oil demand forecast, on stronger-than-expected demand but said up to 300,000 barrels a day of future U.S. output may be at risk if a U.S. drilling moratorium is extended.

China Overseas Oil And Gas Investment Gathering Pace -IEA

Πεμ, 10 Ιουνίου 2010 - 19:03

Overseas investments by China's national oil companies in 2010 look as if they will outpace by far the $18.2 billion spent in 2009, with more than half that amount already committed by April, according to an International Energy Agency study issued Thursday.

Power Firms, Wind Sector Join Calls for EU Grid Plan

Πεμ, 10 Ιουνίου 2010 - 15:07

A more coordinated approach to electricity grid planning is needed if Europe is to reap the benefits of large-scale investment in renewable energies, said large EU power firms and the wind sector in a joint statement yesterday (9 June).

Commission Sets Rules for Green Biofuel Label

Πεμ, 10 Ιουνίου 2010 - 15:03

To ensure that biofuels contributing to the EU's 20% renewable target are produced in a sustainable manner, the European Commission called for industry and governments to set up certification schemes.

BP Trades as Junk, Credit-Default Swaps Invert: Credit Markets

Πεμ, 10 Ιουνίου 2010 - 15:00

BP Plc bonds and credit-default swaps are trading as if the energy company has lost its investment-grade rating as costs mount from the worst oil spill in U.S. history.

Russia Overtakes Saudi Arabia as World Oil Production Leader - paper

Πεμ, 10 Ιουνίου 2010 - 14:57

Russia produced more oil and less gas than Saudi Arabia in 2009 and is now the world's biggest oil producer, a Russian business daily said on Thursday.

UN Hits Iran With New Sanctions Over Nuclear Program

Τετ, 9 Ιουνίου 2010 - 19:01

The UN Security Council on Wednesday slapped broader military and financial sanctions on Iran over its suspect nuclear program, but Brazil and Turkey voted against. The vote in the 15-member council was 12 in favor, with Lebanon abstaining and Brazil and Turkey voting against.

Russian Nuclear Reactor Shut After Pump Failure

Τετ, 9 Ιουνίου 2010 - 19:01

A reactor at a nuclear power plant near Saint Petersburg was shut down on Wednesday because of a technical fault, the plant's management said.

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.