English Edition

Anadarko’s Discoveries Create Challenges

Τρι, 23 Μαρτίου 2010 - 12:13

Anadarko Petroleum’s unprecedented exploration success has left the US oil and gas producer with the challenge of developing a string of big projects on time and on budget. The company announced nine deepwater discoveries in 2009 - big discoveries in key areas, such as the US Gulf of Mexico, Brazil and along the newly found oil coast stretching from Ghana to Sierra Leone.

Oil Reserves Exaggerated by one third

Τρι, 23 Μαρτίου 2010 - 12:11

The scientist and researchers from Oxford University argue that official figures are inflated because member countries of the oil cartel, OPEC, over-reported reserves in the 1980s when competing for global market share.

Shell Shifts Balance Toward Gas With Arrow Takeover

Τρι, 23 Μαρτίου 2010 - 12:10

Royal Dutch Shell Plc moved a step closer to shifting the balance of its production in favor of natural gas over oil following a joint A$3.5 billion ($3.2 billion) acquisition of Arrow Energy Ltd.

Bulgarian Nuclear Reactor Shut Due To Short Circuit; No Leak

Δευ, 22 Μαρτίου 2010 - 20:40

A 1,000-megawatt reactor at Bulgaria's Kozloduy nuclear power plant was shut down late Sunday due to a short circuit but no radiation leak was detected, the plant said Monday.

Renault Trucks, EDF Sign Partnership On Electric Vehicles

Δευ, 22 Μαρτίου 2010 - 20:40

French state-controlled electricity group Electricite de France SA (EDF.FR) and Swedish group Volvo AB's (VOLV-B.SK) unit Renault Trucks Monday announced they signed a partnership to develop the use of electric lorries and commercial vehicles for the transportation of goods in urban areas.

IEA: Oil Price To Drift In Recent Range For Rest Of Year

Δευ, 22 Μαρτίου 2010 - 20:39

Oil price risks are skewed toward the downside, but prices will most likely drift in their recent range for the rest of the year, International Energy Agency Deputy Executive Director Richard Jones said Monday.

Bill Gates, Toshiba Team Up To Devise Next-Gen Nuclear Reactor -Nikkei

Δευ, 22 Μαρτίου 2010 - 20:39

Microsoft Corp. (MSFT) Chairman Bill Gates and Toshiba Corp. (6502.TO, TOSYY) will jointly lead an effort to develop a next-generation nuclear reactor that can operate for up to 100 years without refueling, The Nikkei reported in its Tuesday morning edition.

First Nord Stream Pipelay Vessel Heads for Baltic

Δευ, 22 Μαρτίου 2010 - 16:06

The first pipelay vessel started its journey to the Baltic Sea to begin construction on the Nord Stream pipeline, which will pump Russian natural gas to Europe, the project operator said on Monday.

Shell, Petrochina in Agreed $3.1 billion Arrow Takeover

Δευ, 22 Μαρτίου 2010 - 16:04

Royal Dutch Shell (RDSa.L) and PetroChina (0857.HK) convinced Arrow Energy (AOE.AX) to accept an increased $3.1 billion bid, giving resource-hungry China its first bite of Australia's burgeoning coal-seam gas industry.

Bulgarian Academy of Sciences: Energy Generated from Windpower and Biomass to Surpass Hydro Output in Bulgaria

Δευ, 22 Μαρτίου 2010 - 16:01

The output of renewable energy, from biomass and wind power is expected to surpass the levels of energy generated from hydro electric power plants, according to Vesselina Grigorova, from the Bulgarian Academy of Sciences (BAS), Bulgarian media reported on March 18 2010.