English Edition

Bulgaria May Lose EUR 1 B from Renewable Energy Moratorium

Σαβ, 19 Δεκεμβρίου 2009 - 20:10

The intention of the Bulgarian government to impose a temporary moratorium on the new renewable energy projects might lose Bulgaria EUR 1 B of foreign investments over the next 5 years. This was stated Wednesday at a news conference by Nikola Gazdov, Chair of the Bulgarian Photovoltaic Association.

Iraqi Oil Officials Accuse Iranians Of Holding Iraqi Oil Field

Παρ, 18 Δεκεμβρίου 2009 - 20:03

Iraqi officials said Iranian troops occupied a disputed oil well along the two countries' border, the latest in a string of sometimes-contradictory statements Friday about the incursion, fueling worry about an escalation in tensions between Baghdad and Tehran.

OPEC Members May Get Wish, But It Won't Last

Παρ, 18 Δεκεμβρίου 2009 - 20:02

It's that time of year again, and members of the Organization of the Petroleum Exporting Countries might already be getting just what they want--an ideal oil price for producers and consumers alike. That's a good place for the oil market to be in ahead of Tuesday's meeting of key oil producers in Luanda, Angola, who will discuss OPEC's production policy--but don't expect it to last long.

Newest Climate Draft Leaves Out 2010 Deadline For Treaty

Παρ, 18 Δεκεμβρίου 2009 - 20:01

The most recent draft for an agreement at climate change talks leaves out a 2010 deadline for a legally binding treaty, a person familiar with the matter told The Wall Street Journal.

OIL FUTURES: Oil Up On Iran, Iraq But Trims Gains On Dollar

Παρ, 18 Δεκεμβρίου 2009 - 20:01

Oil futures were up slightly around midday Friday, though earlier gains spurred by news that Iran had occupied an Iraqi oil well were pared as the U.S. dollar strengthened.

Climate Draft:Requires CO2 Cuts Of At Least 50% Vs 1990 By '50

Παρ, 18 Δεκεμβρίου 2009 - 20:00

Deep cuts in greenhouse gas emissions of at least 50% by 2050 from 1990 levels are required according to science to keep the earth temperature increase below two degrees Celsius, says a draft text for an international agreement to limit climate change obtained by Dow Jones Newswires Friday.

Expert panel recommends CANDU as best choice for China's alternative nuclear fuel program

Παρ, 18 Δεκεμβρίου 2009 - 19:59

An expert panel appointed by the China National Nuclear Corporation (CNNC) has concluded that CANDU(R) technology is the ideal nuclear reactor design to further China's nuclear power program using thorium as an alternative nuclear fuel source.

Russia Accuses US Of Slowing Down START Nuclear Talks

Πεμ, 17 Δεκεμβρίου 2009 - 19:37

Russia Thursday accused the U.S. of slowing down talks on a new nuclear weapons disarmament treaty, after officials admitted the two sides could no longer sign the accord this year.

UK Could Create 500,000 Jobs Moving To Low-Carbon Economy - PM

Πεμ, 17 Δεκεμβρίου 2009 - 19:36

Up to 500,000 jobs could be created in the U.K. by moving to a low-carbon economy, U.K. Prime Minister Gordon Brown said Thursday at the United Nations Copenhagen climate summit.

E.ON Nears EU Gas Probe Deal,To Free Up Grid Capacity

Πεμ, 17 Δεκεμβρίου 2009 - 19:35

E.ON Ruhrgas AG, Germany's largest importer of natural gas, said Thursday it has pledged to open considerable gas import capacity to competition in a compromise reached with the European Commission, that could end an ongoing antitrust investigation over alleged market abuse against the company.

OPEC Sailings Seen -120,000 B/D In 4 Weeks To Jan 2

Πεμ, 17 Δεκεμβρίου 2009 - 19:35

Oil shipments from Organization of Petroleum Exporting Countries, excluding Angola and Ecuador, are expected to fall by 120,000 barrels a day in the four weeks to Jan. 2, tanker tracker Oil Movements said Thursday.

CO2 Market Mechanisms Can Raise Money For Climate Fight -OECD

Πεμ, 17 Δεκεμβρίου 2009 - 19:34

Cutting greenhouse gas emissions by 20% through carbon taxes and the auctioning of permits to emit greenhouse gases could raise massive revenues for the fight against climate change, OECD Secretary General Angel Gurria said Thursday.

E.ON May Halve CO2 Emissions 10 Years Earlier Than Planned

Πεμ, 17 Δεκεμβρίου 2009 - 19:33

German utility E.ON AG (EOAN.XE) may reach its goal to halve its carbon dioxide emissions compared with 1990 levels ten years earlier if the Copenhagen climate change summit were to deliver a "strong result".

Hungary Sees Launch Of Power Exchange In July 2010

Πεμ, 17 Δεκεμβρίου 2009 - 15:36

BUDAPEST (Dow Jones)--The Hungarian power exchange could start operations in July 2010 after Hungarian electricity grid operator Mavir Zrt. and EPEX Spot SE., one of Europe's largest exchange service providers, signed a letter of intent to cooperate, the two parties said Thursday.

Turkish Agency: 43 Firms Apply For Grid Tenders - IHA

Πεμ, 17 Δεκεμβρίου 2009 - 15:35

ISTANBUL (Dow Jones)--Turkey's privatization agency OIB said Thursday that 43 firms have applied for the pre-qualification in the tender of four state-owned power distribution grids, the Ihlas News Agency, or IHA, reported.

Fluxys: Buys 10% Stake In UK-Belgium Gas Pipeline From E.ON

Πεμ, 17 Δεκεμβρίου 2009 - 15:34

LONDON (Dow Jones)--Belgian gas network operator Fluxys SA (FLUX.BT) said Thursday it has bought a 10% stake in the Interconnector gas pipeline that links the U.K. and Belgium from Germany utility E.ON AG (EOAN.XE) for an undisclosed sum.