English Edition

Bulgargaz Seeks 26.4 per cent Gas Price Increase, Regulator Opposed

Παρ, 12 Μαρτίου 2010 - 14:44

Repeating a pattern set in recent years, Bulgaria's state-run gas company Bulgargaz and the energy regulator once again came to blows on March 10 concerning the next gas price increase.

Greek-Russian Talks on Pipelines

Παρ, 12 Μαρτίου 2010 - 14:42

Deputy Environment, Energy and Climate Change Minister Ioannis Maniatis met on Tuesday with the ambassador of the Russian Federation Vladimir Chkhikvishivili, with talks focusing on the promotion of pipeline projects.

Venezuela Says Higher Oil Prices Helping It Pay Its Debts

Πεμ, 11 Μαρτίου 2010 - 19:19

The recent jump in global oil prices should allow oil-rich Venezuela to comfortably meet its financial obligations through the rest of the year, the Finance Ministry said in a statement Thursday.

Exxon's Annual Production To Rise 2%-3% Through 2013

Πεμ, 11 Μαρτίου 2010 - 19:18

Exxon Mobil Corp.'s (XOM) output is estimated to grow 2% to 3% this year from the 3.93 million barrels of oil equivalent per day it produced in 2009, the company said Thursday. The largest U.S. oil company by market value also said it expects to lift production at a pace through 2013.

Putin Deputy: TNK-BP's Kovykta Faces No «Vulgar Expropriation»

Πεμ, 11 Μαρτίου 2010 - 19:18

Russia's energy czar Thursday said BP PLC's (BP) joint venture won't face a "vulgar expropriation" of its license for the giant Kovykta gas field. The Natural Resources Ministry agency that handles licensing, Rosnedra, is currently considering whether to revoke Rusia Petroleum's Kovykta license as the company allegedly is not complying with the terms.

Japan Draft Climate Bill Sets 25% Emissions Cut Goal -Kyodo

Πεμ, 11 Μαρτίου 2010 - 19:17

Cabinet ministers compiled Thursday a draft climate bill for official adoption on Friday, which stipulates Japan's goal of slashing its greenhouse gas emissions by 25% from 1990 levels by 2020 and measures to realize the target, such as emissions trading scheme, carbon tax and incentives to boost renewable energies, Kyodo News reported.

EU Says On Track To Meet Its 20% Renewable Energy Target

Πεμ, 11 Μαρτίου 2010 - 19:17

The European Union is on track to reach its target of 20% of energy consumption coming from renewable sources by 2020 and might even overshoot it, the Commission said Thursday, citing preliminary national forecasts on the countries' efforts to increase their green energy use.

BP Buys Into Deepwater Brazil In $7B Deal With Devon

Πεμ, 11 Μαρτίου 2010 - 19:16

U.K. oil major BP PLC (BP) Thursday said it will pay Devon Energy Corp. (DVN) $7 billion for assets offshore Brazil, the U.S. and Azerbaijan. The U.S. independent oil and gas producer meanwhile is buying a 50% stake in BP's Kirby oil sands interests in Canada for $500 million.

Czech Renewable Energy Boom Tests Grid Safety Limits

Πεμ, 11 Μαρτίου 2010 - 17:03

The installed capacity of wind and solar energy projects approved in the Czech Republic is nearly four times what can be safely fed into the country's electricity grid, energy distributors said on Wednesday (10 March).

E.On 2009 Net Income Up Sharply to $11.4 Billion

Πεμ, 11 Μαρτίου 2010 - 16:47

Germany energy company E.On AG said Wednesday that 2009 net income rose sharply to (EURO)8.4 billion ($11.4 billion) partly as a result of the disposal of assets. E.On, based in Duesseldorf, earned (EURO)1.3 billion in 2008. Revenue fell 6 percent to (EURO)82 billion in 2009 from (EURO)87 billion in 2008. It did not break out fourth quarter figures.

Royal Dutch Shell Halts Gasoline Sales to Iran

Πεμ, 11 Μαρτίου 2010 - 16:45

Royal Dutch Shell has stopped selling gasoline to Iran, the company confirmed Wednesday, adding to a list of oil giants that have stopped sales after a threat of future U.S. sanctions.

India to Sign Nuclear, Gorshkov Deals With Russia

Πεμ, 11 Μαρτίου 2010 - 16:44

India and Russia will on Friday tighten their strategic and economic ties by signing a slew of agreements, including an umbrella civil nuclear pact and another accord fixing the cost of the refurbished aircraft carrier Admiral Gorshkov at $2.35 billion.

Gazprom, Gasunie CEOs Discuss Nord Stream Gas Pipeline

Πεμ, 11 Μαρτίου 2010 - 16:40

Gazprom CEO Alexei Miller has had a working meeting with Marcel Kremer, President of the Gasunie Company, the Netherlands. “The parties discussed prospects of the optimization and expansion of the Gasunie gas transportation network for the purpose of improving the efficiency of Russian gas deliveries to European consumers,” a representative of the Gazprom information department told Itar-Tass.

BP to Pay Devon $7 Billion for Oil Fields

Πεμ, 11 Μαρτίου 2010 - 16:38

London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields. The companies said on Thursday that BP has also agreed to sell Devon a 50 percent stake in its Kirby oil sands interests in Alberta, Canada, for $500 million and that the two companies would form a venture to develop Kirby.

Commissioner Oettinger Welcomes Agreement on Acceleration of Gas Interconnector Between Bulgaria and Serbia.

Τετ, 10 Μαρτίου 2010 - 18:26

Today, the Minister for Economy, Energy and Tourism of the Republic of Bulgaria, Traycho Traykov, and the Minister of Mining and Energy of the Republic of Serbia, Petar Škundrić, signed in the presence of Director-General of DG Energy, Philip Lowe, a joint statement paving the way for the planned gas interconnector project between Bulgaria and Serbia.

Qatar Eyes Natural Gas Plant

Τετ, 10 Μαρτίου 2010 - 18:10

The State of Qatar is interested in investing in a 5- to 6-billion-euro liquefied natural gas plant to be built at Astakos in central Greece, according to the General Secretariat of Communications. State Minister Haris Paboukis contacted Qatar’s Deputy Prime Minister Abdullah bin Hamad Al-Attiyah over the deal and the two governments agreed to support the project, the secretariat said