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Brussels to Play Down Carbon Leakage Threat

Πεμ, 20 Μαΐου 2010 - 14:40

A draft European Commission proposal, seen by EurActiv, plays down the risk of industries relocating outside Europe if the 27-member bloc were to step up its climate policies.

EU's Central Asia Policy Confused, Says Expert

Πεμ, 20 Μαΐου 2010 - 14:39

By pushing for the Nabucco pipeline, the European Union has signalled its obsession with reducing its dependence on Russian gas. But replacing it with gas from Turkmenistan, an authoritarian country where the EU exerts even less influence, would not improve the situation, a Central Asia expert told EurActiv Germany in an interview.

Russian Oil, Gas Companies Cede Positions on Domestic Share Market

Πεμ, 20 Μαΐου 2010 - 14:38

Russian oil and gas companies are ceding their dominance on the domestic stock market, with their capitalization plunging below 50% of the value of all traded shares in January-March 2010, a business paper reported on Thursday.

Kazakhstan Eyes Stakes In Foreign Oil Projects-Minister

Τετ, 19 Μαΐου 2010 - 18:52

The Kazakh government is interested in taking further stakes in foreign-led oil and gas projects in the country, but that won't limit growth plans, the country's deputy energy minister, Lyassat Kiinov, said Wednesday.

Rosneft: To Invest $2.6B In Vankor Field In 2010

Τετ, 19 Μαΐου 2010 - 18:51

OAO Rosneft (ROSN.RS), Russia's largest oil producer, is planning to invest $2.6 billion in its key Vankor oil field in East Siberia in 2010, and produce 12.5 million metric tons of oil at the field, the company said in a presentation published Wednesday.

EUR42/MWh Under NOME Would Be Neutral For EDF -CFO

Τετ, 19 Μαΐου 2010 - 18:51

A new electricity tariff regulation in France would be neutral for French state-controlled power giant Electricite de France SA (EDF.FR) if the price is set at EUR42 per megawatt hour, EDF's Chief Financial Officer Thomas Piquemal said Wednesday in an interview with Dow Jones Newswires.

UK May Be Net Offshore Energy Power Exporter By 2050 - Study

Τετ, 19 Μαΐου 2010 - 18:50

The U.K. could become a net exporter of offshore-generated renewable electricity by 2050 by utilizing just under a third of its total offshore wind, wave and tidal energy resources, a report said Wednesday.

Portugal's EDP Renovaveis Sees Net Pft Nearly Doubling By '12

Τετ, 19 Μαΐου 2010 - 18:49

Portuguese renewable energy company EDP Renovaveis SA (EDPR.LB) said Wednesday its net profit will nearly double in the next three years due to increased electricity generation.

Exxon, BG, BP, Eni Seek Stake In India Oil, Gas Field

Τετ, 19 Μαΐου 2010 - 18:49

Exxon Mobil Corp. (XOM), BG Group PLC (BG.LN), BP PLC (BP) and Eni SpA (E) are seeking to buy a stake in an oil and gas block leased by Oil & Natural Gas Corp. (500312.BY), India's flagship oil producer.

Igor Sechin's Comments About Russian Oil

Τετ, 19 Μαΐου 2010 - 18:12

gor Sechin, Deputy Prime Minister and Chairman of Rosneft, said this afternoon that the government will submit new oil tax proposals to the Prime Minister by the year-end. The oil industry, in particular, Rosneft, has been battling with the Finance Ministry for a significant reduction in its tax bill

Cyprus Pushes Ahead With New Licensing

Τετ, 19 Μαΐου 2010 - 17:25

Cyprus said today it was close to proceeding with a second licensing round for offshore oil exploration and is wrapping up the preparatory work.

Nuclear Cooperation Deal to Bring Russian Technologies to U.S.

Τετ, 19 Μαΐου 2010 - 13:23

A Russia-U.S civilian nuclear cooperation deal will help Russian companies enter the U.S. nuclear technology market and allow nuclear operators from both countries to gain access to unique reactor-building and nuclear fuel technologies, Russian experts said.

Iraq April Oil Exports 1.76M B/D, Down 4.3% On Month

Τρι, 18 Μαΐου 2010 - 19:14

Iraqi crude oil exports in April fell 4.3% to 1.76 million barrels a day, compared with 1.84 million barrels a day in March, due to rough weather at the southern oil terminal and sabotage at the northern oil export pipeline, a spokesman for the Iraqi oil ministry told Dow Jones Newswires Tuesday.

BP Reports Progress In Stemming Gulf Spill, But Fears Grow

Τρι, 18 Μαΐου 2010 - 19:13

BP PLC (BP) reported further progress Tuesday in stemming a gushing Gulf of Mexico oil spill as concerns grew for Florida's sensitive coral reefs and political fallout from the disaster spread.

Clinton: US, Russia, China Agree Iran Sanctions Draft Resolution

Τρι, 18 Μαΐου 2010 - 19:12

The United States, Russia and China have reached agreement on a "strong draft" UN resolution on sanctions against Iran, U.S. Secretary of State Hillary Clinton said Tuesday.

Few New Nuclear Plants Likely By 2020 –Simmons

Τρι, 18 Μαΐου 2010 - 19:12

Only four or five new nuclear power plants are likely to be constructed in the U.S. by 2020, analysts with Simmons & Company International write in a note to clients. "Within the US, despite recent positive talk from the Federal Government, in general we believe that the 'new nuclear' build-out is progressing at a slower pace than we would like to see," Simmons writes.