English Edition

Bulgaria’s Energy Strategy, Renewables Plan Due in July

Τετ, 9 Ιουνίου 2010 - 15:38

Bulgaria’s national energy strategy and the new renewable energy legislation are among the most urgent tasks facing the country’s new deputy energy minister Mariy Kosev, Dnevnik reported.

$100 Oil Will Soon Be Here to Stay, Says Former Shell Oil President

Τρι, 8 Ιουνίου 2010 - 14:13

Former Shell Oil President John Hofmeister says that despite the current catastrophe in the Gulf of Mexico with BP oil spill, the U.S. should continue to produce petroleum domestically to keep gas prices from soaring.

Planned EU Legislation Won't Deliver Single Electricity Market

Τρι, 8 Ιουνίου 2010 - 14:11

Only European electricity network planning will deliver the required transmission capacity to meet current energy challenges and optimise the use of existing networks and power plants, Brussels-based think-tank Bruegel said yesterday (7 June). Its new analysis shows that upcoming EU legislation will not be enough to do the trick.

Shale Gas Not Yet Game-Changer for Europe

Τρι, 8 Ιουνίου 2010 - 14:10

Shale gas cannot be seen yet as a game changer in Europe as it is in the United States, where roughly 50% of the country's needs are met by developing unconventional gas. The conclusion was reached by international experts at a public event held in Brussels yesterday (7 June).

Russia, Turkey Agree to Speed up Launch of Energy Deals - Putin

Τρι, 8 Ιουνίου 2010 - 14:08

Russia and Turkey have reached an agreement on speeding up the procedures needed to launch bilateral energy deals, the Russian premier said on Tuesday.

EDF May Get Limited Power Law Boost as Legislators Cap Prices

Τρι, 8 Ιουνίου 2010 - 14:04

Electricite de France SA investors who bought into the prospect that easing the government’s grip on the French power market would be a boon to the former monopoly may end up disappointed.

Crude Likely $85-$95/Bbl By 2nd Half 2010 -Goldman Sachs Trader

Τρι, 8 Ιουνίου 2010 - 14:01

The price of crude oil may rise to between $85 and $95 a barrel by the second half of this year due to supply constraints, and may breach $100/barrel next year if supply conditions don't improve, a top trader said Monday.

Gazprom: Doesn't Need Gas From TNK-BP's Kovykta Field

Τρι, 8 Ιουνίου 2010 - 14:00

Russian gas firm OAO Gazprom (GAZP.RS) said Monday it has no near-term plans to develop a huge Siberian gas field, which BP PLC's (BP) Russian joint venture aims to sell to a state company this year.

UN Watchdog Waiting For Responses On Iran Fuel Deal-IAEA Chief

Τρι, 8 Ιουνίου 2010 - 13:59

The United Nations atomic watchdog chief Yukiya Amano said Monday the IAEA was still waiting for official responses from theU.S.,FranceandRussiatoIran's proposed fuel swap withTurkeyandBrazil.

Turkey, Azerbaijan Sign Key Deal On Gas Transit To Europe

Τρι, 8 Ιουνίου 2010 - 13:59

TurkeyandAzerbaijansigned Monday a long-awaited deal on the transit of gas toEuropethat is seen as crucial to plans to reduce the continent's dependence on Russian gas.

Areva: Olkiluoto 3 Nuclear Operation To Start End 2012

Τρι, 8 Ιουνίου 2010 - 13:58

French state-controlled nuclear group Areva (CEI.FR) Monday said that the delayed third-generation nuclear plant Olkiluoto 3 it is building inFinlandas part of a consortium withGermany's Siemens AG (SI) will start operations at the end of 2012.

BP: 11,100 Barrels Of Oil Collected From US Gulf Leak Sunday

Τρι, 8 Ιουνίου 2010 - 13:58

BP PLC (BP) said it continued to increase the rate of oil it collected from the mile-deep leak in theGulf of Mexicoon Sunday, bringing up 11,100 barrels of crude to a ship on the surface.

Russia, Greece Ink South Stream Deal

Δευ, 7 Ιουνίου 2010 - 16:52

Russia Monday took another step toward realizing a pipeline that would bring Russian natural gas to southern Europe when it signed a deal with Greece to build the South Stream gas pipeline.

The Cost of Fossil Fuel Subsidies: $557bn

Δευ, 7 Ιουνίου 2010 - 13:08

The popularity of fossil fuel subsidies didn’t take much of a hit despite a big run-up in prices in 2008. Thirty-seven of the world’s biggest developing countries are spent $557bn subsidising fossil fuels that year, according to new estimates by the IEA seen by the FT.

Obama and Democrats Walk Tightrope on Oil Spill

Δευ, 7 Ιουνίου 2010 - 13:05

The BP oil spill crisis has put U.S. President Barack Obama on the defensive, upsetting his agenda and threatening to derail his fellow Democrats as they position themselves for November's congressional elections.

Ukraine Wishes to Broaden Economic Cooperation with Greece – Yanukovich

Δευ, 7 Ιουνίου 2010 - 13:04

Ukraine is interested in broadening trade and economic cooperation with Greece, Ukrainian President Viktor Yanukovich said upon the arrival in Greece on a working visit.