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Hungary Energy Sector Needs Interconnectivity Focus - Industry

Πεμ, 6 Μαΐου 2010 - 18:34

Hungary's energy sector need to focus more on gas and electricity interconnection with its neighbors and on the development of its transmission infrastructure, figures from industry said Thursday.

Poland To Renegotiate Russian Gas Deal On EU Concerns

Πεμ, 6 Μαΐου 2010 - 18:33

Poland is going to delay signing a gas agreement it has reached with Russia and is willing to renegotiate it, taking into account the European Commission's concerns that it may not comply with European Union rules, a spokeswoman for the commission said Thursday.

Russian Marines Free Tanker, Capture Pirates

Πεμ, 6 Μαΐου 2010 - 18:33

Russian marines Thursday stormed a hijacked Russian oil tanker in the Gulf of Aden in a daring early morning raid, killing one of the Somali pirates aboard and capturing another 10.

E.ON, RWE Strike Deal On Nuclear Power Quota Transfer

Πεμ, 6 Μαΐου 2010 - 18:32

German utilities E.ON AG (EOAN.XE) and RWE AG (RWE.XE) have agreed in principle to transfer power production quotas from E.ON's decommissioned Stade nuclear power plant to the Biblis A reactor, which would allow RWE to operate Biblis A longer.

EU:No Role To Play In Possible Russia-Ukraine Gas Tie

Πεμ, 6 Μαΐου 2010 - 18:31

The European Commission has no role to play at the moment in a possible combination of Russia's and Ukraine's gas companies, European Commissioner for Energy Guenther Oettinger said Thursday.

Gazprom Confirms Naftogaz Ukrainy Pays in Full for Gas Supplied in April

Πεμ, 6 Μαΐου 2010 - 13:43

Russia’s Gazprom confirmed on Wednesday that Naftogaz Ukrainy had paid in full for the gas supplied in April. According to unofficial information, Ukraine bought 1.8 billion cubic metres of gas with approximately a 425 million U.S. dollar discount.

Oil Hovers Near $80 on Greece Concerns

Πεμ, 6 Μαΐου 2010 - 13:42

Oil hovered near $80 a barrel on Thursday, after earlier hitting a six-week low as fears that Greece's economic crisis may spread to other European nations raised uncertainty over future global energy demand.

We Cry Over Spilled Oil, Yet Subsidize the Production of Ultra-Polluting Cars

Πεμ, 6 Μαΐου 2010 - 13:41

The oil spill in the Gulf of Mexico, coupled to the recent rebound in auto sales, remind us of something that even Republican oilman George W. Bush often said: the United States uses too much petroleum. Why then is the federal government forcing taxpayers to subsidize the manufacture of a 556-horsepower luxury car that gets 14 miles per gallon?

EU Takes Greece To Court Over Greek Utility Ownership Limits

Τετ, 5 Μαΐου 2010 - 18:35

The European Commission Wednesday said it will refer Greece to the European Court of Justice for not acting to end ownership restrictions on Public Power Corp. SA (PPC.AT), the country's largest electric utility.

China To Reform Pricing Of Natural Gas, Household Power This Year

Τετ, 5 Μαΐου 2010 - 18:34

China's central government aims to further reform pricing of natural gas and household electricity this year, as part of its efforts to save energy and cut emissions, the State Council said Wednesday.

Russian Oil Tanker Seized By Somali Pirates

Τετ, 5 Μαΐου 2010 - 18:34

Somali pirates seized control of an oil-laden Russian tanker in the Gulf of Aden early Wednesday, the European Union's anti-piracy mission said. The 106,000 metric ton Moscow University was "hijacked approximately 350 nautical miles east of Socatra," the Yemeni island off the Somali coast, as it made its way out of the Gulf bound for China, EUNAVFOR said.

XTO Energy 1Q Profit Falls 32% As Prices Fall, Costs Rise

Τετ, 5 Μαΐου 2010 - 18:33

XTO Energy Inc.'s (XTO) first-quarter earnings fell 32% as the natural-gas producer was hurt by lower prices during what was likely its last quarter as an independent company. Still, profit beat analysts' expectations.

Statoil: US Oil Spill To Have Impact On All Companies

Τετ, 5 Μαΐου 2010 - 18:33

The oil spill from a BP PLC (BP) well in the Gulf of Mexico will have an impact on all companies operating in the region, including the likelihood of tighter regulations and slower opening of new exploration areas, Statoil ASA's (STO) Chief Financial Officer, Eldar Saetre, said Wednesday.