English Edition

Energy Firms To Create Strategy For European Power Super-Grid

Δευ, 8 Μαρτίου 2010 - 18:09

Ten leading European companies gathered Monday to announce the launch of a new group that will help European lawmakers set the framework for the construction of a European electricity super-grid in the North Sea.

TVO Exec: Still Sees Risk EPR Reactor Not Ready 2012

Δευ, 8 Μαρτίου 2010 - 18:08

Finland's Teollisuuden Voima Oyj still sees a risk that the EPR-type nuclear reactor that French nuclear group Areva SA (CEI.FR) is building for it won't be operational by the 2012 target date.

Traders Cut Supplies of Petrol to Iran

Δευ, 8 Μαρτίου 2010 - 14:35

The world’s largest oil traders have quietly stopped supplying petrol to Iran in a clear sign that the threat of sanctions and Washington’s behind-the-scenes efforts to convince companies not to sell to Tehran are paying off.

Shell, PetroChina Offer $3 Billion for Australia’s Arrow Energy

Δευ, 8 Μαρτίου 2010 - 14:31

Royal Dutch Shell Plc and PetroChina Co. made an offer worth more than A$3.3 billion ($3 billion) to acquire Arrow Energy Ltd., the holder of Australia’s biggest coal-seam gas acreage, triggering a record gain in the shares.

EU Money Injects New Life Into Electricity Interconnection

Δευ, 8 Μαρτίου 2010 - 14:28

The European Commission today allocated over β‚903 million to electricity interconnection projects as part of its broader European Economic Recovery Plan, injecting new impetus into long standing electricity grid development plans within the EU

EU Said to Develop Contingency Plans for Greek Rescue

Παρ, 5 Μαρτίου 2010 - 18:03

European Union nations are working on a contingency rescue plan for Greece to be funded by its member governments, according to two people briefed yesterday in Berlin by an EU official. The briefing, coming the day Greece sold 5 billion euros ($6.8 billion) of bonds, underscores the balancing act facing European officials as they prod Greek Prime Minister George Papandreou to cut

Cnooc, Total Put Final Uganda Oil Proposals To Govt

Παρ, 5 Μαρτίου 2010 - 18:00

France-based Total SA (TOT)and China's Cnooc Ltd. (CEO) this week presented their final development proposals for three Ugandan oil blocks to Uganda's government, and a government decision on the plans is expected before the end of March, people familiar with the process told Dow Jones Newswires Friday.

Russia Gas Exports To Germany Down 16% In 2009 -Industry Group

Παρ, 5 Μαρτίου 2010 - 18:00

Russian natural gas exports to Germany declined nearly 16% in 2009 due mostly to supply disruptions related to the dispute between Russia and Ukraine early in the year, German energy lobby group BDEW said Friday.

Putin Proposes Ukraine Join Customs Union

Παρ, 5 Μαρτίου 2010 - 17:59

Russian Prime Minister Vladimir Putin Friday proposed that Ukraine enter a customs union that currently connects Moscow with Belarus and Kazakhstan, Interfax reported.

Oil-Tanker Market Expected To Improve As Economy Rebounds

Παρ, 5 Μαρτίου 2010 - 17:58

After posting heavy losses in the fourth quarter, oil-tanker companies are more optimistic for 2010 as the economic recovery is expected to stimulate oil consumption and boost shipping volumes.

S. Korea Seeks to Strengthen Energy Ties with Ghana

Παρ, 5 Μαρτίου 2010 - 14:24

President Lee Myung-bak proposed Wednesday that South Korea and Ghana step up cooperation on the development of oil and natural gas in the African nation, Lee's office said.

Chinese Cos Expected to Close on Iraqi Oil Deal - Officials

Παρ, 5 Μαρτίου 2010 - 14:23

A consortium led by Cnooc Ltd., the Hong Kong-listed unit of China National Offshore Oil Corp, is expected to be awarded Iraq's 2.5 billion-barrel Missan oil-field complex in southern Iraq after agreeing to Iraqi government proposals, officials said Thursday.

Methane Seen as Growing Climate Risk

Παρ, 5 Μαρτίου 2010 - 14:22

Methane, a potent global warming gas, is bubbling out of the frozen Arctic faster than had been expected. Methane had become trapped in the permafrost over time and a warming climate is now resulting in its release, researchers report in Friday's edition of the journal Science.

Moscow Destroyed Yukos: Court Filing

Παρ, 5 Μαρτίου 2010 - 13:42

Executives of bankrupt oil company Yukos took Russia to Europe's top human rights court yesterday, accusing Moscow of destroying the firm through illegal, crippling tax demands.

Electric Vehicle Excitement Keeps Growing

Παρ, 5 Μαρτίου 2010 - 13:40

Nissan/Renault’s Carlos Ghosn re-iterated his goal for Nissan to lead in mass market EVs, saying that his competitors - most of whom are more conservative about the near-term outlook - will be caught by a scramble for the vehicles.

Ian Bremmer: Iran is Ultimately Likely to Go Nuclear as North Korea Did

Παρ, 5 Μαρτίου 2010 - 13:33

Ian Bremmer is the president of the Eurasia Group, a New York based think-tank. He is one of the leading American experts on Russia, the Post-Soviet states and Asia. Mr.Bremmer is also the author of "The End of the Free Market: Who Wins the War Between States and Corporations?"