English Edition

Mr. Borisov’s Tightrope Game

Τρι, 29 Ιουνίου 2010 - 17:16

For those who follow the progress and inclinations of Bulgaria’s centre right populist government ever since it came to power last July, the announcement made on June 11th by prime minister Boyko Borisov, over his intention to pull out of the much touted Burgas-Alexandroupolis oil pipeline project did not come as a total surprise.

Russia Must Limit Reliance on Hydrocarbon Revenues - Medvedev

Τρι, 29 Ιουνίου 2010 - 13:14

Russia must limit reliance on revenues from its key oil and gas industries and balance the budget with other funds, President Dmitry Medvedev said on Tuesday.

Analysis: Doing Nothing Might Have Been Best for Oil Spill

Τρι, 29 Ιουνίου 2010 - 13:13

It might have been better for the environment to have done nothing about the enormous oil spill in the Gulf of Mexico except to keep the oil out at sea, British scientists said on Monday.

Russia Calls for U.S.-IAEA-Iran Meet on Fuel Delivery

Τρι, 29 Ιουνίου 2010 - 13:12

Russia's Foreign Minister called for a meeting between Iran, the United States, Russia and the IAEA on nuclear fuel delivery for the Islamic Republic's medical reactor, Itar-TASS news agency reported.

Efforts to Reduce Waste of Natural Gas Flaring

Τρι, 29 Ιουνίου 2010 - 13:09

In an effort to reduce greenhouse gas emissions and increase access to electricity, the World Bank-led Global Gas Flaring Reduction partnership (GGFR) today officially welcomed Wärtsilä as the first associated partner to join the global effort to reduce the flaring or burning of natural gas associated to oil production.

Bulgaria Committed to Disbanding State Energy Conglomerate - Minister

Τρι, 29 Ιουνίου 2010 - 13:07

Bulgarian Economy Minister Traycho Traykov said on June 28 that the Cabinet was committed to dismantling Bulgarian Energy Holding (BEH), the state-owned umbrella holding set up to manage state-owned assets in the energy sector.

Russia: BP's Hayward Didn't Discuss Job With Sechin

Δευ, 28 Ιουνίου 2010 - 18:51

BP PLC (BP) Chief Executive Tony Hayward didn't discuss his job or a possible successor in a meeting Monday with Russian Deputy Prime Minister Igor Sechin, a government aide said.

India Considering New Model For Climate Change Negotiations

Δευ, 28 Ιουνίου 2010 - 18:50

India is considering a new model based on the sharing of carbon dioxide emissions between nations in the global climate talks to be held at Cancun in Mexico in December.

OPEC Urges US To Look Again At Offshore Drilling Ban

Δευ, 28 Ιουνίου 2010 - 18:50

The Organization of Petroleum Exporting Countries Monday urged the U.S. to reconsider legal moves and ditch a ban on deep-water drilling slapped on the oil industry in the wake of the Gulf of Mexico disaster.

Iran Freezes Nuclear Talks For Two Months

Δευ, 28 Ιουνίου 2010 - 18:49

President Mahmoud Ahmadinejad said Monday that Iran will penalize world powers by freezing nuclear talks for two months as he laid down several conditions for resuming the negotiations.

India, China Seen Representing Up To 40% Of Oil Demand Growth

Δευ, 28 Ιουνίου 2010 - 18:49

India and China will represent 35%-40% of the 1.6 mln B/D growth in oil demand next year, said, said Francisco Blanch, head of Global Commodities Research at Bank of America Merrill Lynch Monday morning.

US Oil Companies Said to Eye Bulgarian Share of Burgas-Alexandroupolis Pipeline

Δευ, 28 Ιουνίου 2010 - 17:05

US companies such as Chevron and Exxon Mobil are most likely going to acquire shares of the Burgas-Alexandroupolis oil pipeline, Plamen Rusev, Director of the Bulgarian branch of the Trans-Balkan Pipeline company, told Novinite.com (Sofia News Agency)

Search for Oil, Natural gas to Start

Δευ, 28 Ιουνίου 2010 - 16:00

The Greek government will commission searches for oil and natural gas in central and northern Greece in the next year, according to Deputy Environment, Energy and Climate Minister Yiannis Maniatis.