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EU Clears Italy's Eni To Buy Mobil Oil Austria

Πεμ, 27 Μαΐου 2010 - 18:31

The European Commission Thursday cleared Italian energy company Eni SpA (ENI.MI) To buy Mobil Oil Austria, through its subsidiary Agip Austria.

OPEC Analyst: Oil Futures Contango Likely To Persist

Πεμ, 27 Μαΐου 2010 - 18:31

The contango structure of the oil futures curve is expected to persist for some time, according to Mohammad Alipour-Jeddi, head of the petroleum studies department at the Organization of Petroleum Exporting Countries.

Fire Extinguished At Gazprom Neft 380,000-Bbl/Day Omsk Refinery

Πεμ, 27 Μαΐου 2010 - 18:30

A fire has been put out at Russia's biggest refinery, located in the Siberian city of Omsk, Russian oil major OAO Gazprom Neft (SIBN.RS) said Thursday.

BP Shares +5% As Coast Guard Says Gulf Leak Stopped

Πεμ, 27 Μαΐου 2010 - 18:30

Shares in BP PLC (BP) rose sharply Thursday as U.S. Coast Guard Admiral Thad Allen, who is overseeing the disaster response in the Gulf of Mexico, said the company's "top kill" maneuver had successfully prevented oil and gas leaking from the well.

Applied Materials Sees China Providing Big Boost For Solar-Power Demand

Πεμ, 27 Μαΐου 2010 - 18:29

Applied Materials Inc. (AMAT), the world's biggest supplier of machines that make solar panels and computer chips, said China remains a bright spot for the company, propping up global sales even as parts of Europe remain at risk.

Brazil Petrobras Boosts Gas Distribution Network With Eni Deal

Πεμ, 27 Μαΐου 2010 - 18:29

Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR) expanded its presence in natural gas distribution Thursday, snapping up Gas Brasiliano Distribuidora S.A. in a $250 million deal.

Top-Level Speakers and Panellists to Participate in the 4th S. E. Europe Energy Dialogue

Πεμ, 27 Μαΐου 2010 - 17:37

Following the success of the previous Energy Dialogue conferences, held over the last three years, IENE’s “4th South East Europe Energy Dialogue” ( Thessaloniki, Hyatt Regency Hotel, 3-4 June 2010), which is being organized in association with the World Energy Council ( WEC), is attracting top-level participation from speakers, companies and international organizations

Refinery Loan Signed

Πεμ, 27 Μαΐου 2010 - 17:26

Chairman Tassos Giannitsis of Hellenic Petroleum (ELPE), Greece’s largest refinery, is seen at a loan agreement ceremony held in Athens yesterday. ELPE secured a 400-million-euro loan from the European Investment Bank (EIB), the European Union’s lending arm, to help fund an upgrade to its Elefsina refinery, west of Athens.

Nabucco to Sign Gas Deals by 2011

Πεμ, 27 Μαΐου 2010 - 15:30

Europe's Nabucco project shareholders should get the gas supply deals needed to build the pipeline by the end of 2010 or early 2011, Nabucco's managing director said at the Reuters Global Energy Summit.

Limits on Building Renewable Energy Facilities on Arable Land Still on the Agenda - Bulgarian PM

Πεμ, 27 Μαΐου 2010 - 14:05

The Bulgarian Government was still mulling enforcing limitations on the construction of solar panels and wind turbine parks on most of the country's arable agricultural land from first, through to fourth category, Bulgarian Prime Minister Boiko Borissov was quoted as saying by Bulgarian-language Dnevnik daily on May 26 2010.

Russian Expert Doubts Pyongyang's Involvement in Warship Sinking

Πεμ, 27 Μαΐου 2010 - 14:04

A leading Russian expert on North Korea said on Thursday he had serious doubts about Pyongyang's involvement into the sinking of South Korea's Cheonan warship. Relations between the two Koreas soured after Seoul accused North Korea of firing a torpedo from a submarine at the 1,200-ton South Korean Cheonan corvette. The vessel sank near the disputed Northern Limit Line in the Yellow Sea on March 26 causing the loss of 46 lives.

BP Wants Houston Judge with Oil Ties to Hear Spill Cases

Πεμ, 27 Μαΐου 2010 - 13:59

Facing more than 100 lawsuits after its Gulf of Mexico oil spill killed 11 workers and threatened four coastal states, oil giant BP is asking the courts to place every pre-trial issue in the hands of a single federal judge in Houston. That judge, U.S. District Judge Lynn Hughes, has traveled the world giving lectures on ethics for the American Association of Petroleum Geologists

Solar Firms in Horse Race for Technology Leadership

Πεμ, 27 Μαΐου 2010 - 13:57

David Eaglesham, chief technology officer at First Solar, says all photovoltaic companies are scrambling to make efficiency and cost improvements. But if Europe is to retain its leadership, decisions on a regulatory framework are crucial, he told EurActiv in an interview.