English Edition

Vattenfall Sells German Power Grid To Elia, IFM For EUR810M

Παρ, 12 Μαρτίου 2010 - 17:01

Utility Vattenfall Europe AG said Friday it has agreed to sell its German power transmission grid to a consortium comprising Belgian electricity grid operator Elia System Operator (ELI.BT) and Australian infrastructure fund Industry Funds Management.

Verbund May Raise EUR150M From Assets Sales in 2010

Παρ, 12 Μαρτίου 2010 - 17:01

Austrian power producer and grid operator Verbund AG (VER.VI) wants to sell non-core assets to create extra financial leeway in a tougher 2010 business climate, its chief executive told Dow Jones Newswires.

IEA Sees 2010 World Oil Demand Resuming Trend Growth

Παρ, 12 Μαρτίου 2010 - 17:00

The International Energy Agency Friday said it expects world oil demand in 2010 to resume trend growth seen earlier this decade, a bullish call, as economic activity advances in the second half of the year.

Gazprom To Start Production At Chayandinskoye Field In 2014

Παρ, 12 Μαρτίου 2010 - 16:59

Russian gas firm OAO Gazprom (GAZP.RS) expects to start production of oil at its Chayandinskoye oil and gas condensate field in 2014, the company said Friday. Natural gas production at Chayandinskoye, located in Siberia in the constituent republic of Sakha (Yakutia), will start in 2016, Gazprom said.

Bulgargaz Seeks 26.4 per cent Gas Price Increase, Regulator Opposed

Παρ, 12 Μαρτίου 2010 - 14:44

Repeating a pattern set in recent years, Bulgaria's state-run gas company Bulgargaz and the energy regulator once again came to blows on March 10 concerning the next gas price increase.

Greek-Russian Talks on Pipelines

Παρ, 12 Μαρτίου 2010 - 14:42

Deputy Environment, Energy and Climate Change Minister Ioannis Maniatis met on Tuesday with the ambassador of the Russian Federation Vladimir Chkhikvishivili, with talks focusing on the promotion of pipeline projects.

Venezuela Says Higher Oil Prices Helping It Pay Its Debts

Πεμ, 11 Μαρτίου 2010 - 19:19

The recent jump in global oil prices should allow oil-rich Venezuela to comfortably meet its financial obligations through the rest of the year, the Finance Ministry said in a statement Thursday.

Exxon's Annual Production To Rise 2%-3% Through 2013

Πεμ, 11 Μαρτίου 2010 - 19:18

Exxon Mobil Corp.'s (XOM) output is estimated to grow 2% to 3% this year from the 3.93 million barrels of oil equivalent per day it produced in 2009, the company said Thursday. The largest U.S. oil company by market value also said it expects to lift production at a pace through 2013.

Putin Deputy: TNK-BP's Kovykta Faces No «Vulgar Expropriation»

Πεμ, 11 Μαρτίου 2010 - 19:18

Russia's energy czar Thursday said BP PLC's (BP) joint venture won't face a "vulgar expropriation" of its license for the giant Kovykta gas field. The Natural Resources Ministry agency that handles licensing, Rosnedra, is currently considering whether to revoke Rusia Petroleum's Kovykta license as the company allegedly is not complying with the terms.

Japan Draft Climate Bill Sets 25% Emissions Cut Goal -Kyodo

Πεμ, 11 Μαρτίου 2010 - 19:17

Cabinet ministers compiled Thursday a draft climate bill for official adoption on Friday, which stipulates Japan's goal of slashing its greenhouse gas emissions by 25% from 1990 levels by 2020 and measures to realize the target, such as emissions trading scheme, carbon tax and incentives to boost renewable energies, Kyodo News reported.

EU Says On Track To Meet Its 20% Renewable Energy Target

Πεμ, 11 Μαρτίου 2010 - 19:17

The European Union is on track to reach its target of 20% of energy consumption coming from renewable sources by 2020 and might even overshoot it, the Commission said Thursday, citing preliminary national forecasts on the countries' efforts to increase their green energy use.

BP Buys Into Deepwater Brazil In $7B Deal With Devon

Πεμ, 11 Μαρτίου 2010 - 19:16

U.K. oil major BP PLC (BP) Thursday said it will pay Devon Energy Corp. (DVN) $7 billion for assets offshore Brazil, the U.S. and Azerbaijan. The U.S. independent oil and gas producer meanwhile is buying a 50% stake in BP's Kirby oil sands interests in Canada for $500 million.

Czech Renewable Energy Boom Tests Grid Safety Limits

Πεμ, 11 Μαρτίου 2010 - 17:03

The installed capacity of wind and solar energy projects approved in the Czech Republic is nearly four times what can be safely fed into the country's electricity grid, energy distributors said on Wednesday (10 March).