English Edition

EU Boiler Efficiency Negotiations Drag On

EU Boiler Efficiency Negotiations Drag On

The European Commission has delayed tabling planned energy-efficiency standards for central heating boilers commonly used by households, after its attempts to put together a proposal repeatedly bounced back due to technical difficulties.

Rosneft Lifts 1Q Net Profit On Higher Output, Prices

Rosneft Lifts 1Q Net Profit On Higher Output, Prices

Russia's largest oil producer OAO Rosneft (ROSN.RS) Monday said it is on track to increase full-year output by 4.5% as it ramps up production at the key Vankor field in East Siberia.

Venezuela Wants To Assign Oil Block This Year

Venezuela Wants To Assign Oil Block This Year

Venezuela's Oil Ministry has three offers from private interests for help developing an oil block in the eastern Orinoco region and may choose one of them by the end of this year, an official said.

Yingli Green Energy to Power Largest PV Solar Power Plant in France

Yingli Green Energy to Power Largest PV Solar Power Plant in France

Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which holds the brand "Yingli Solar," today announced it has signed a sales contract with MAESSA TELECOMUNICACIONES, INGENIERIA, INSTALACIONES Y SERVICIOS, S.A.

Venezuelas Chavez To Nationalize More Metals Companies

Venezuela's Chavez To Nationalize More Metals Companies

Venezuelan President Hugo Chavez has announced plans to seize aluminum, iron and other firms in the raw materials-rich region of Guayana, part of a years-long effort to convert the area into one of his cradles of socialism.

Turkey’s Gas Deal with Azerbaijan Fuels Hopes in EU

Turkey’s Gas Deal with Azerbaijan Fuels Hopes in EU

Turkish Prime Minister Recep Tayyip Erdoğan, on a visit to Azerbaijan today (17 May), is due to sign a EU-backed gas deal that is expected to unlock Azeri gas reserves for the West and eventually trim Europe's energy dependence on Russia, the press in the region reports.

Iran, Brazil, Turkey Sign Nuclear Swap Deal

Iran, Brazil, Turkey Sign Nuclear Swap Deal

Iran, Brazil and Turkey signed a nuclear fuel swap agreement on Monday designed to allay international concern over the Islamic Republic's atomic ambitions and avert fresh U.N. sanctions against Tehran.

Nigeria, China Pen $23 Billion Refining Deal

Nigeria, China Pen $23 Billion Refining Deal

Nigeria and China have signed a tentative deal to build three oil refineries in the West African state at a cost of $23 billion to boost badly needed gasoline supply in Nigeria and position China for more access to the country's coveted high-quality oil reserves.

Brent and WTI Slide on Euro Concerns

Brent and WTI Slide on Euro Concerns

Oil futures are falling sharply Friday after the euro tumbled to a 17-month low against the dollar of $1.2432. At 1114 GMT, the front-month June Brent contract on London's ICE futures exchange was $1.85 lower at $78.26 a barrel. Earlier Friday, the contract fell to a low of $77.77 a barrel.

Clean Energy Seeks Congressional Support

Clean Energy Seeks Congressional Support

U.S. renewable-energy and clean-technology industries are pressing for proposals not included in the energy and climate bill released this week, changes they say are vital to keeping their markets afloat and creating jobs.