English Edition

Gazprom, Hungary Set Up JV To Build South Stream Pipeline

Τρι, 10 Μαρτίου 2009 - 18:48

Russian gas firm OAO Gazprom (GAZP.RS) and Hungarian Development Bank have agreed to set up a joint venture for the construction of the South Stream gas pipeline through Hungary, Gazprom said Tuesday.

UK Nuclear Inspector OKs Oldbury Nuclear Reactor 1 Restart

Τρι, 10 Μαρτίου 2009 - 18:47

The U.K. Nuclear Installations Inspectorate has given consent for the restart and extension of Oldbury nuclear power station's reactor 1, operator Magnox North said Tuesday.

EU Broadens Antitrust Probe Into French Electric Rates

Τρι, 10 Μαρτίου 2009 - 18:46

The European Commission said Tuesday it will broaden its antitrust investigation into French electricity rates, saying French rules appear to favor a small group of the company's largest electicity consumers.

Putin Expresses Doubts About Nabucco Pipeline

Τρι, 10 Μαρτίου 2009 - 18:45

Russia's Prime Minister Vladimir Putin expressed doubts about the ambitious Nabucco gas pipeline project that bypasses Russia, saying it required several transit states as well as Iran's involvement.

French Government Criticizes Total Over Plans For Job Cuts

Τρι, 10 Μαρτίου 2009 - 18:43

A government minister slammed the energy giant Total SA (TOT) Monday after France's largest firm announced it would cut jobs despite enjoying the most profitable year in French corporate history.

400 Greek Govt Workers Accused In Corruption Probe

Τρι, 10 Μαρτίου 2009 - 18:42

Nearly 400 Greek government workers may face prosecution for failing to justify their incomes under anti-corruption laws in the country's first case of its kind, authorities said Tuesday.

Putin Touts Russia Pipeline Over Rival EU Nabucco Pipe

Τρι, 10 Μαρτίου 2009 - 18:39

Prime Minister Vladimir Putin Tuesday talked up the prospects of a planned Russian-sponsored pipeline to Europe while expressing doubts over the European Union-backed Nabucco project that bypasses Russia.

Greece, China Team Up To Resist Shipping Emission Targets

Τρι, 10 Μαρτίου 2009 - 18:38

Greece and China's merchant navies joined forces to resist compulsory greenhouse gas reductions targets for the lucrative sector, the Greek Shipping Ministry said Tuesday.

CNPC To Invest Over CNY100B In 3rd West-East Pipeline

Δευ, 9 Μαρτίου 2009 - 20:11

China National Petroleum Corp. plans to invest more than CNY100 billion ($14.6 billion) in a third West-East natural gas pipeline, the chief consultant of the China Petroleum Pipeline Bureau said Monday.

Japan To Buy 30M Tons In Ukraine Emission Quotas

Δευ, 9 Μαρτίου 2009 - 20:09

The Japanese government decided to buy quotas for roughly 30 million metric tons of greenhouse gas emissions from Ukraine for around Y30 billion, in order to achieve a goal set by the Kyoto Protocol, the Nikkei reported in its Monday evening edition.

Exxon CEO Hopes Co Can Participate In Iraq

Δευ, 9 Μαρτίου 2009 - 20:07

Exxon Mobil Corp. (XOM) hopes to participate in contracts to work on Iraq's oil fields, Reuters reported Monday, citing Exxon's chief executive.

Iranian Economists Warn Against Big Hike In Fuel Prices

Δευ, 9 Μαρτίου 2009 - 19:58

A group of Iranian economists has warned against a proposal for a sharp rise in energy prices, saying it would increase poverty and stoke already high inflation, press reports said on Monday.

Qatar Oil Min: Satisfied With OPEC Commitment So Far

Δευ, 9 Μαρτίου 2009 - 19:54

Qatar's oil minister, Abdullah Bin Hamad al Attiyah, said Sunday he is satisfied so far with the Organization of Petroleum Exporting Countries' commitment to cut production in an attempt to stem the $100 a barrel decline in crude oil prices since July.

Gazprom, Other Cos Eye Gas Natural Power Plants

Δευ, 9 Μαρτίου 2009 - 19:52

Gas Natural SDG (GAS.MC) has up to 10 companies interested in the acquisition of gas-fired power plants that the Spanish gas supplier is required to sell following its takeover of electricity company Union Fenosa SA (UNF.MC), Gas Natural Chairman Salvador Gabarro was quoted as saying in an interview published Sunday by local daily El Pais.

Sofia Steps Back from Plans to Reopen Kozloduy Nuclear Plant

Δευ, 9 Μαρτίου 2009 - 17:40

Bulgaria has backed down on plans to restart two Soviet-era nuclear reactors and will now focus on lobbying for more European Union compensation for the shut units, officials said yesterday. Parliament gave the Socialist-led government a mandate in January to seek permission from the EU to reopen the reactors to cover losses caused by cuts in Russian gas supplies during its contract dispute with Ukraine and the economic crisis.

CNPC In Talks To Buy Kazakhstan Oil Asset

Παρ, 6 Μαρτίου 2009 - 17:35

China National Petroleum Corp. is in talks to buy an oil asset in Kazakhstan and will build a pipeline to the Russian border for less than CNY10 billion, the South China Morning Post reported Friday, citing company President Jiang Jiemin.