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GDF Suez:To Sign MoU With Gazprom On NordStream Stake

GDF Suez:To Sign MoU With Gazprom On NordStream Stake

Δευ, 1 Μαρτίου 2010 - 17:49

French utility GDF Suez SA (GSZ.FR) will later Monday sign a memorandum of understanding with Russia's OAO Gazprom (GAZP.RS) to get a 9% stake in the NordStream pipeline, a spokesman said.

Gazprom Invited Transgaz, Not Romania, To Join South Stream

Gazprom Invited Transgaz, Not Romania, To Join South Stream

Δευ, 1 Μαρτίου 2010 - 17:48

OAO Gazprom (GAZP.RS) invited state-run gas pipeline operator Transgaz (TGN.RO) and not Romania to join the South Stream project, the country's Economy Minister Adriean Videanu said Monday, news agency Mediafax reported.

Iraq Feb Oil Exports Up 7% On Month At 2.069 Mln B/D

Iraq Feb Oil Exports Up 7% On Month At 2.069 Mln B/D

Δευ, 1 Μαρτίου 2010 - 17:47

Iraq's crude oil exports in February were up 7% at 2.069 million barrels a day, compared with 1.925 million barrels a day in the previous month due to an increase in crude oil production from southern oil fields, head of State Oil Marketing Organization, or SOMO, said Monday.

EU Accession Boosted Czech Green Business

EU Accession Boosted Czech Green Business

Δευ, 1 Μαρτίου 2010 - 10:39

Companies investing in renewables in the Czech Republic say the country's EU accession provided a major boost for green businesses. However, they complained of a "huge administrative burden" and favouritism of certain technologies. EurActiv Czech Republic reports.

France to Renew Calls for EU Carbon Tariff

France to Renew Calls for EU Carbon Tariff

Δευ, 1 Μαρτίου 2010 - 10:38

EU ministers are set to give renewed consideration to French calls for a "carbon inclusion mechanism" in an attempt to curb unfair competition from countries like China, which have weaker climate protection laws. But opinion is still divided on the issue of carbon tariffs at the EU's borders.

Chevron Secures Shale Exploration Rights in Poland

Chevron Secures Shale Exploration Rights in Poland

Δευ, 1 Μαρτίου 2010 - 10:34

In a filing with the Securities and Exchange Commission Thursday, Chevron, the second-largest U.S. oil company, confirmed that it has secured exploration rights for an additional Polish shale gas concession, although the size of the acreage was not divulged.

Russia Reduces Oil Export Duty to $254 Per Tonne

Russia Reduces Oil Export Duty to $254 Per Tonne

Δευ, 1 Μαρτίου 2010 - 09:57

Russia reduces an export duty on crude oil from 270.7 U.S. dollars per tonne to 253.6 U.S. dollars per tonne as of March 1. Export duties on light oil products decrease from 194.7 U.S. dollars to 183.2 U.S. dollars per tonne, and on dark oil products – from 104.9 U.S. dollars to 98.7 U.S. dollars per tonne.

Oil Era Not to End in Coming Decades - Shafranik

Oil Era Not to End in Coming Decades - Shafranik

Παρ, 26 Φεβρουαρίου 2010 - 18:52

The oil era will not end in the coming decades, Yuri Shafranik, President of the Council of the Russian Union of Oil and Gas Producers, has said in an exclusive interview with Itar-Tass in London after his report at the British Royal Institute of International Affairs (Chatham House). He believes the “oil peak”, in the form in which it is described by Western analysts, is hardly probable.

Petrobras Reports Offshore Gas Find In SE Brazil

Petrobras Reports Offshore Gas Find In SE Brazil

Παρ, 26 Φεβρουαρίου 2010 - 18:49

Brazilian state-run energy giant Petroleo Brasileiro SA (PBR), or Petrobras, notified the country's National Petroleum Agency, or ANP, it has discovered signs of gas at an offshore block along the coast of southeastern Brazil.

CFTCs OMalia: Greater Transparency Needed In Global Oil Market

CFTC's O'Malia: Greater Transparency Needed In Global Oil Market

Παρ, 26 Φεβρουαρίου 2010 - 18:48

The growing lack of transparency in the global oil market is a "troubling trend" that could be contributing to price volatility, a top U.S. commodities regulator will tell an audience Friday. Scott O'Malia, one of two Republican commissioners at the U.S. Commodity Futures Trading Commission, raised concerns about a lack of oil data from developing countries like China and Russia

TNK-BP Plans To Increase Output By 2.5% In 2010

TNK-BP Plans To Increase Output By 2.5% In 2010

Παρ, 26 Φεβρουαρίου 2010 - 18:47

Anglo-Russian oil company TNK-BP Ltd. plans to increase hydrocarbon production by 2.5% this year, the Interfax news agency reported Friday citing the company's Executive Director German Khan.

EU Rules Out Binding Green Criteria for Biomass

EU Rules Out Binding Green Criteria for Biomass

Παρ, 26 Φεβρουαρίου 2010 - 14:03

The European Commission yesterday (25 February) ruled out binding EU-wide sustainability criteria for biomass, offering member states recommendations for national action instead. The European Commission said the wide variety of biomass feedstocks make it impossible to devise a harmonised scheme, which would require taking into account their varying potential to reduce greenhouse gas emissions.

Energy Ministry to Submit Program on Exploration of Russia’s North

Energy Ministry to Submit Program on Exploration of Russia’s North

Πεμ, 25 Φεβρουαρίου 2010 - 18:20

Russia’s Energy Ministry will submit a program for comprehensive development of deposits of the Yamalo-Nenets Autonomous District and the north of Krasnoyarsk Territory until 2020 to the government for consideration until March 31, said Sergei Erke, who heads the Ministry’s oil and gas exploration department.

Bulgaria to Build Second Natural Gas Depot

Bulgaria to Build Second Natural Gas Depot

Πεμ, 25 Φεβρουαρίου 2010 - 16:22

Bulgaria may build a second natural gas storage facility so as to prevent possible gas supply problems in the future. This idea was put forward by Head of State Georgi Parvanov during his visit to Brussels.