English Edition

China Targeting Over 1,600 GW Installed Capacity By 2020 –Official

Τετ, 7 Ιουλίου 2010 - 18:56

China plans to expand its installed capacity to 1,600-1,650 gigawatts by 2020, with thermal power capacity at 920 GW, an industry official said in prepared remarks ahead of a Thursday address at a McCloskey coal conference.

Financial Close Confirms E.ON Ruhrgas as New Partner in TAP

Τετ, 7 Ιουλίου 2010 - 14:59

Baar, Switzerland. E.ON’s participation, announced in May, is a significant step in the realization of the TAP project which plans to build a 520-km pipeline with a capacity of between 10 and 20 bcm per year from Greece, through Albania and the Adriatic Sea, to Italy. Statoil and EGL now each hold a 42.5% shareholding in the project company.

BP Boss Hayward in MidEast Talks as Relief Well Advances

Τετ, 7 Ιουλίου 2010 - 14:41

BP's boss met officials from an Abu Dhabi state fund on Wednesday as hopes for fresh investment and progress toward closing a leaking U.S. oil well lifted the company's battered shares.

Arctic Oil Drilling is Set to Keep Growing, Despite New Fears

Τετ, 7 Ιουλίου 2010 - 14:39

The Macondo blowout in the Gulf of Mexico has reminded everyone of the risks of drilling in new and more challenging environments. And it has led to a suspension of plans to allow companies to begin drilling in both Alaskan and Canadian Arctic waters.

Russia, Bulgaria to Agree on South Stream on July 16 - Zubkov

Τετ, 7 Ιουλίου 2010 - 14:36

“The road map” to implement the South Stream project in Bulgaria’s territory will be signed by the governments of Russia and Bulgaria on July 16, Russia’s First Deputy Prime Minister Viktor Zubkov told journalists following his visit to Sofia.

Russian Deputy PM Surprised by High Gas Prices in Bulgaria

Τετ, 7 Ιουλίου 2010 - 14:35

Russian deputy prime minister Victor Zubkov, who is chairperson of the board at state-owned Gazprom, said on July 6 that he was 'surprised' by the 'high' price that end-consumers in Bulgaria were asked to pay for Russian gas, Bulgarian media reported.

6 Firms Team Up To Sell Nuclear Power Technology

Τρι, 6 Ιουλίου 2010 - 18:42

Japan moved to secure its role in the global, civil nuclear sector Tuesday by setting up a government-backed organization to promote Japanese technology and fight off competition for multibillion-dollar contracts from rivals such as South Korea.

Enel Sees Italy Modifying Green Subsidy Cuts

Τρι, 6 Ιουλίου 2010 - 18:41

Italy's biggest utility Enel SpA (ENEL.MI) expects the government to soften plans to cut public incentives for renewables, Chief Executive Fulvio Conti said Tuesday, after lawmakers shocked the sector last month with proposed austerity measures that could halt investment across the sector.

Heritage To Pay 30% Of $404M Tax On Tullow Deal Now-Uganda Min

Τρι, 6 Ιουλίου 2010 - 18:41

Heritage Oil Ltd. (HOIL.LN) has agreed to pay upfront 30% of the disputed $404 million capital gains tax bill on the sale of its Uganda assets to Tullow Oil PLC (TLW.LN), Ugandan Energy and Minerals Minister Hilary Onek said Tuesday.

Kuwait Official Says Raising BP Stake A Bad Idea

Τρι, 6 Ιουλίου 2010 - 18:41

A member of Kuwait's top oil policy committee moved Tuesday to distance the Gulf country from increasing its stake in BP PLC (BP, BP.LN) as speculation continues that Middle East investors are preparing to rescue the struggling U.K. company.

German Econ Min Wants Clearly Longer Nuclear Plant Lifespans

Τρι, 6 Ιουλίου 2010 - 18:40

German Economics Minister Rainer Bruederle Tuesday again spoke out in favor of significantly prolonging the lifespans of German nuclear power plants.

Nuclear Talks Can Resume From Sept 1 If Conditions Met - Iran

Τρι, 6 Ιουλίου 2010 - 18:40

Iran's top nuclear negotiator Saeed Jalili said Tuesday that Tehran could resume talks from Sept. 1 with the world powers over its atomic program if its conditions were met.

Bulgaria Plans New Pipeline With Greece

Τρι, 6 Ιουλίου 2010 - 17:30

Bulgaria plans to overcome its overwhelming dependence on Russian energy by building new gas pipeline links with neighboring Greece, Romania, Turkey and Serbia, a draft energy strategy showed yesterday. It is also seeking Western investors for a planned new nuclear power plant at Belene and aims to fight climate change more effectively as well as improving energy efficiency.