English Edition

IENE’s One-Day Conference in Sofia Underlined the Excellent Prospects for Further Co-operation on Energy Between Greece and Bulgaria

Παρ, 30 Απριλίου 2010 - 18:08

The ongoing progress and future outlook of the energy relations between Greece and Bulgaria were reviewed in a one-day conference which IENE, in association with the Hellenic Business Council in Bulgaria (HBCB), organized in Sofia on April 29. High ranking government officials, senior executives and eminent engineers and scientists of both countries from major energy companies and organizations took part in this unique bilateral event

Romania Could See up to 2,000 New MW of Wind, Gas and Hydro generation

Παρ, 30 Απριλίου 2010 - 16:29

Romania should lower its stake in two nuclear reactor projects at its power plant in Cernavoda to encourage private investors and make the sector more competitive, the economy minister said on Thursday. The European Union state has a 51 percent stake in a deal to build two more reactors by around 2016 in a partnership with major power firms. The required investment is estimated at around 4 bil

Bulgaria Closer to Getting EU Nuclear Decommissioning Aid

Παρ, 30 Απριλίου 2010 - 14:41

Bulgaria has come closer to receiving EUR 300 M in additional EU nuclear decommissioning aid as the EP Committee on Industry, Research, and Energy backed the EC proposal.

Bulgaria Seeks Strategic Investor After Rejecting Russian Loan to Fund Belene Nuclear Power Plant

Παρ, 30 Απριλίου 2010 - 14:41

Bulgaria has for now rejected a Russian offer to fund its Belene nuclear power plant and will instead focus on finding a strategic investor for the project, Economy and Energy Minister Traicho Traikov said on Wednesday.

Higher Energy Costs Push Producers Prices up 8.7 pct

Παρ, 30 Απριλίου 2010 - 14:32

Greek producer prices rose 8.7 percent year-on-year in March, pushed higher by increased energy costs compared to the same period last year, the Hellenic Statistical Authority (ELSTAT) said yesterday.

9th International Syposium Power and Process Plants in Croatia on October 1st

Παρ, 30 Απριλίου 2010 - 13:56

The 9th ‘International Syposium 'Power and Process Plants' along with the 4th. International Forum on Renewable Energy Sources, will take place on October 1st, 2010 in the 'Dubrovnik Palace' Hotel in Croatia.

Spain Pricks Solar Power Bubble as Greek Fate Looms

Παρ, 30 Απριλίου 2010 - 13:52

Spain is lancing an 18 billion-euro ($24 billion) investment bubble in solar energy that has boosted public liabilities, choking off new projects as it works to cut power prices and insulate itself from Greece’s debt crisis.

Germany Raids 50 Firms in Carbon Trading Inquiry

Παρ, 30 Απριλίου 2010 - 13:50

German prosecutors said on Wednesday (28 April) they had searched more than 230 sites in a probe based on suspicions of tax evasion in the trading of European Union carbon dioxide (CO2) emissions rights certificates.

Offshore Wind Boom Gathers Pace as Utilities Seek 18% Margins

Παρ, 30 Απριλίου 2010 - 13:47

E.ON AG and Vattenfall Europe AG are among utilities leading a worldwide push to develop offshore wind power, overcoming a lack of work ships, stormy seas and higher costs to make almost twice the profit they would on land.

Spill May Complicate Obama’s Plan for More Offshore Drilling

Παρ, 30 Απριλίου 2010 - 13:43

Oil spilling from a damaged BP Plc well in the Gulf of Mexico may complicate President Barack Obama’s five-year plan to open new offshore tracts to energy exploration.

Chevron CEO: $80/Bbl Oil Isn't Great Risk To Economy

Πεμ, 29 Απριλίου 2010 - 16:44

Chevron Corp. (CVX) Chief Executive John Watson said Wednesday that oil prices of more than $80 a barrel aren't a risk for the global economy and it isn't likely that they will increase dramatically.

ConocoPhilips 1Q Profit More Than Doubles; Shares Up

Πεμ, 29 Απριλίου 2010 - 16:43

ConocoPhilips's (COP) first-quarter earnings more than doubled as the oil company benefited from higher crude prices, while refining operations saw improved utilization rates and more favorable heavy crude differentials.

Exxon Mobil 1Q Profit Up 38% On Price Surge; Shares Fall

Πεμ, 29 Απριλίου 2010 - 16:42

Exxon Mobil Corp.'s (XOM) first-quarter earnings rose 38% as lower refining margins partially offset the big benefit from surging oil prices. The results slightly missed analysts' expectations, and shares fell 1.7% premarket to $68.03.

Saudi Arabia Eager To Diversify Economy, Saudi Minister Says

Πεμ, 29 Απριλίου 2010 - 16:41

Saudi Arabia is no longer content to be "the gas station to the world," and is determined to diversify its oil-rich economy by investing in manufacturing and technology businesses, the Saudi minister of commerce and industry said Wednesday.

Eni: South Stream Study At Advance Phase; No Decision Yet

Πεμ, 29 Απριλίου 2010 - 16:41

The study of the South Stream project that aims to transport Russian natural gas into Europe via the Black Sea is at an advanced level, but the final decision on investment still hasn't been taken, Eni SpA (E) Chief Executive Paolo Scaroni said Thursday.

BP Says Gulf Leak Could Be Up To 5,000 Barrels/Day

Πεμ, 29 Απριλίου 2010 - 16:40

A BP executive on Thursday agreed with a U.S. government estimate that the oil leak in the Gulf of Mexico could be pumping up to 5,000 barrels a day of crude into the ocean, far more than previously thought.