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EU Biofuels Target Borderline Sustainable, Report Finds

Δευ, 29 Μαρτίου 2010 - 12:06

Going beyond a 5.6% share of biofuels in transport fuel could harm the environment, found a new report made public by the European Commission yesterday (25 March), suggesting that the EU's current target is only borderline sustainable.

British Gas Jumps the Gun with Smart Meters for a Million Families

Δευ, 29 Μαρτίου 2010 - 11:59

British Gas is to put smart meters in a million homes this year as part of an ambitious programme that will create 2,500 jobs and could cut household energy bills by at least £1 billion over the next ten years.

Falkland Islands Oil Hopes Dampened

Δευ, 29 Μαρτίου 2010 - 11:57

Remember the excitement (and controversy) about new drilling for oil off the Falklands Islands by four UK companies? Well, some initial exploratory drilling results are in, and they don’t sound especially promising:

Greece to Sell 7-Year Bonds in First Issue Since Rescue Accord

Δευ, 29 Μαρτίου 2010 - 11:54

Greece is selling a benchmark issue of seven-year bonds in its first debt offering since the European Union and International Monetary Fund pledged to help the debt-ridden nation finance its budget deficit.

ConocoPhillips To Cut Lukoil Stake To 10%, Buy Back $5B Of Stock

Τετ, 24 Μαρτίου 2010 - 19:20

U.S. oil giant ConocoPhillips (COP) plans to halve its stake in OAO Lukoil Holdings (LUKOY, LKOH.RS) to 10% and launch a $5 billion stock-buyback effort as the company detailed a number of steps as part of its effort to boost its lagging stock price.

Iberdrola Plans To Build 5 GW European Offshore Wind Power

Τετ, 24 Μαρτίου 2010 - 19:19

Spanish power utility Iberdrola SA (IBE.MC) has plans to build 5 gigawatts in offshore wind power capacity in Europe, compared with 4.8 GW it previously announced, Chairman Ignacio Galan said Wednesday.

Enel Talks To Banks On EUR8B Loan Refinance

Τετ, 24 Μαρτίου 2010 - 19:19

Italian utility Enel SpA (ENEL.MI) is talking to banks about an EUR8 billion loan to refinance part of the EUR35 billion debt used to back Enel's takeover of Spanish peer Endesa in 2007, people familiar with the situation said Wednesday.

Kazakhstan Aims For 40% Share Of Japan's Uranium Market-Report

Τετ, 24 Μαρτίου 2010 - 19:18

Kazakhstan plans to boost its uranium exports to Japan and increase its share on the Japanese uranium market to 40% from 4%, Russian news agency RIA Novosti reports on its Web site Wednesday, citing an interview with the Kazakh foreign minister.

Total CEO Doesn't Believe A European Carbon Tax Is Feasible

Τετ, 24 Μαρτίου 2010 - 19:18

French oil major Total SA's (TOT) Chief Executive Christophe de Margerie said Wednesday he doesn't believe a European carbon tax is feasible, and added that if such a tax were to be introduced it should be global or not at all.

Moscow Confirms Will Sign Russia-US Nuclear Disarmament Treaty In Prague-Embassy

Τετ, 24 Μαρτίου 2010 - 19:17

The new Russian-U.S. nuclear disarmament treaty will be signed in Prague, Moscow's ambassador to the Czech Republic confirmed Wednesday.

Russian Oil Firm LUKoil Expects to Return to Iran Project

Τετ, 24 Μαρτίου 2010 - 18:05

Russia's largest private crude producer LUKoil said on Wednesday it hoped to return to its Iran project under more favorable economic conditions. "We have kept our rights to this project and are ready to return to it under a favorable economic situation," Stanislav Kuzyayev, head of LUKoil Overseas in charge of company's projects abroad, said

Russia Wants Greater Oil, Gas Coordination with Qatar

Τετ, 24 Μαρτίου 2010 - 18:04

Russian Prime Minister Vladimir Putin said on Wednesday that Russia and Qatar, two of the world's largest hydrocarbon producers, should coordinate their activity on global gas and oil markets.

European Commission, EIB support EUR 1 bn investment by cities, regions in energy efficiency, renewables

Τετ, 24 Μαρτίου 2010 - 16:15

The European Commission and European Investment Bank (EIB) expect the European Local Energy Assistance (ELENA) facility launched in December to support more than EUR 1 billion of energy efficiency and renewable energy projects in 2010.

Ukraine Govt Drafts Budget Based on Russian Gas Price of $ 334

Τετ, 24 Μαρτίου 2010 - 13:54

Ukraine’s government is calculating the country’s 2010 budget based on Russian gas prices of 334 U.S. dollars per cubic meter, although the final price will be established after bilateral talks, Ukrainian Deputy Prime Minister Sergei Tigipko told a briefing on Wednesday.

British-Russian TNK-BP Wants to Say Goodbye to Siberian Gas Field

Τετ, 24 Μαρτίου 2010 - 13:53

The Russian-British joint oil venture TNK-BP has confirmed its readiness to sell a huge Siberian gas field after several years of attempts to recoup its investments, a business daily reported on Wednesday.

Iraq February Oil Revenues At $4.229 Billion - Oil Ministry

Τρι, 23 Μαρτίου 2010 - 18:43

Sales from Iraqi crude oil exports in February totaled $4.229 billion compared with $4.416 billion in the previous month, the Iraqi Oil Ministry said in a statement Tuesday. It said the State Oil Marketing Organization, or SOMO, sold its crude in February at an average monthly price of $73.04 a barrel, compared with $73.97 a barrel in January.