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Pipeline Engineers Find Historic Shipwrecks in Baltic Sea

Τετ, 10 Μαρτίου 2010 - 16:13

Engineers surveying the Baltic Sea for a pipeline project have discovered several historic shipwrecks on the seabed, including an ancient Viking longboat and several ships from the 16th to 18th centuries.

West worries about Russia turning to coal

Τετ, 10 Μαρτίου 2010 - 16:08

European efforts to reduce greenhouse emissions could be undermined by Russian plans to dramatically increase energy production from coal, Western experts said in Brussels yesterday (9 March).

Greek Crisis Is Over, Rest of Region Safe, Prodi Says

Τετ, 10 Μαρτίου 2010 - 16:06

The worst of Greece’s financial crisis is over and other European nations won’t follow in its path, said former European Commission President Romano Prodi.

Gazprom Neft posts 35% US GAAP net profit plunge in 2009

Τετ, 10 Μαρτίου 2010 - 15:59

Gazprom Neft, the oil producing arm of Russian energy giant Gazprom, said on Wednesday its U.S. GAAP net profit decreased 35% year-on-year in 2009 to $3.01 billion. Gazprom Neft's net profit decline was worse than the profit forecast of analysts who expected net profit to fall 29.4% to $3.3 billion.

IMFs Strauss-Kahn Defends Plan For $100 Bln Green Fund

Τρι, 9 Μαρτίου 2010 - 18:53

The head of the International Monetary Fund on Tuesday defended plans to create a $100 billion fund to help countries mitigate the effects of climate change. "The problem of climate change itself isn't really in the mandate of the IMF," Dominique Strauss-Kahn told a group of students in South Africa's economic hub Johannesburg.

Iran Can Deter Attacks On Nuclear Sites - Minister

Τρι, 9 Μαρτίου 2010 - 18:53

Iran has "great means of deterrence" to face any possible attack over its nuclear program, the country's Interior Minister Mostafa Mohammad Najjar warned Tuesday. "We are highly confident about our capacities, and our great means of deterrence," he said during a visit to Doha, where he signed a security agreement between Iran and Qatar--a major regional U.S. ally.

Gazprom In Talks With Tullow On Namibia's Gas Field –Sources

Τρι, 9 Μαρτίου 2010 - 18:52

In what may be its first move into southern Africa, Russian natural gas monopoly OAO Gazprom (GAZP.RS) is in talks with Anglo-Irish independent oil and gas company Tullow Oil PLC (TLW.LN) to enter the Kudu gas field that lies offshore Namibia, people familiar with the matter told Dow Jones Newswires Tuesday.

Chevron: Production To Grow 1% Per Year Through 2014

Τρι, 9 Μαρτίου 2010 - 18:52

Chevron Corp. (CVX) said Tuesday its production would grow about 1% through 2014 and 4% to 5% from 2014 to 2017. In prepared statements released before the Chevron's analyst meeting, the San Ramon Calf.-based company also said it expects production will grow about 3% after 2017.

Saudi Aramco: Much Of $90 Bln Going To Gas Projects

Τρι, 9 Μαρτίου 2010 - 18:51

The development and deployment of viable alternatives to fossil fuels "does remain an open question," Saudi Aramco Chief Executive Khalid Al-Falih said Tuesday. Speaking at an IHS CERA conference in Houston, Al-Falih said that oil still underpins the global economy and is likely to remain at the core of the world's energy needs in the future.

Gazprom Doubles Gas Imports From Azerbaijan From March 5

Τρι, 9 Μαρτίου 2010 - 18:50

Russian gas company OAO Gazprom (GAZP.RS) has doubled its gas imports from Azerbaijan to 5 million cubic meters a day as of March 5, the company said Tuesday.

Portugal Follows Greece Down Austerity Path

Τρι, 9 Μαρτίου 2010 - 16:39

Portugal became the latest euro zone country to announce austerity measures to rein in a ballooning budget deficit on Monday as debt-stricken Greece urged global action to curb speculation in credit default swaps.

EU CO2 Tax Proposal Due in April

Τρι, 9 Μαρτίου 2010 - 13:44

The EU's new taxation commissioner, Algirdas Šemeta, will revive debate on harmonised minimum CO2 tax rates on fuels at EU level, and plans to table fresh proposals as early as next month, it has emerged.

Exxon Lowers Bar, Buys Assets Previously Deemed Unattractive

Τρι, 9 Μαρτίου 2010 - 13:42

Exxon Mobil Corp., BP Plc and Total SA are investing in assets that previously weren’t worth their time or money after oil-rich nations reduced access to reserves and exploration drilling faltered.

Chevron, Exxon Expected to Continue Aggressive Spending

Τρι, 9 Μαρτίου 2010 - 13:39

U.S. oil giants Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) are expected to unveil this week business plans that point toward continued aggressive capital spending and improved production.

New Energy Car Buyers to Get Subsidy

Τρι, 9 Μαρτίου 2010 - 13:38

China iis considering offering a subsidy of as much as 60,000 yuan (US$8,797) to consumers who buy a new energy vehicle, Li Yizhong, Minister of Industry And Information Technology, said yesterday.

EDF: Renewable Energies Still Lack Competitiveness Vs Nuclear

Δευ, 8 Μαρτίου 2010 - 18:10

Renewable energies still lack competitiveness compared with nuclear power, French state-controlled power giant Electricite de France's (EDF.FR) Chairman and Chief Executive Henri Proglio said Monday, during a conference over the access to civil nuclear energy.