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Subsidies for Nuclear and Fossil Fuels Distort Competition - EC

Τετ, 6 Νοεμβρίου 2013 - 12:36

Subsidies for nuclear and fossil fuels distort competition between different energy sources and increase the overall cost to society of electricity generation, the European Commission states in a series of non-binding documents on state intervention in energy markets.

Carbon Taxes and Emission Trading Systems Most Cost-Effective Means of CO2 Emissions-OECD

Τρι, 5 Νοεμβρίου 2013 - 17:39

Carbon taxes and emission trading systems are the most cost-effective means of reducing CO2 emissions, and should be at the centre of government efforts to tackle climate change, according to a new OECD study.

China May Start More Carbon-Trading Markets by Year-End

Τρι, 5 Νοεμβρίου 2013 - 17:37

China will likely start carbon emissions trading in Beijing, Shanghai and Guangdong province by the end of this year, as part of efforts to control emissions and combat climate change, a senior planning official said Tuesday.

Eni Signs US Unconventional Oil Deal with Quicksilver

Τρι, 5 Νοεμβρίου 2013 - 17:36

Italian energy firm, Eni SpA (E) said Tuesday it has signed an agreement with Quicksilver Resources Inc. (KWK) to explore and develop onshore unconventional oil reservoirs in the U.S.

Gazprom Says Received Less Than 10% of Money Owed by Naftogaz

Τρι, 5 Νοεμβρίου 2013 - 17:35

Russian state gas company OAO Gazprom (GAZP.RS) has received less than 10% of the money it is owed by Ukraine's Naftogaz for August gas supplies, Gazprom spokesman Sergei Kupriyanov was quoted as saying Tuesday.

Iran Says Pakistan Must Finance Own Gas Pipeline

Δευ, 4 Νοεμβρίου 2013 - 17:49

Iran's deputy oil minister, Ali Majedi, said Monday that Pakistan must finance a controversial pipeline that would enable it to buy gas from the Islamic republic.

Total's Breuillac Named Exploration and Production President

Δευ, 4 Νοεμβρίου 2013 - 17:48

Total SA (TOT, FP.FR) Monday said its current senior vice president for the Middle East, Arnaud Breuillac, will be appointed as president for the group's exploration and production business from Jan. 1st.

Saboteurs Blow Up Yemen Oil Pipeline

Δευ, 4 Νοεμβρίου 2013 - 17:48

Saboteurs Monday blew up an oil pipeline in southern Yemen that pumps crude oil to an export terminal on the Gulf of Aden, a security official said.

Libya Oil Export Terminal Remains Idle

Δευ, 4 Νοεμβρίου 2013 - 17:47

Protesters have kept up their blockade of the main oil facilities inLibya, where production has fallen 80%, the country's National Oil Corp. said Monday.

Kerry Calls US-Saudi Ties Strategic And Enduring

Δευ, 4 Νοεμβρίου 2013 - 17:47

Secretary of State John Kerry said Monday thatU.S.ties with Saudi Arabia are "strategic and enduring", as he visits the kingdom to ease tensions overU.S.policies on Syria and Iran.

Zorlu Enerji Completed Second Phase of 80 MW Geothermal Plant

Δευ, 4 Νοεμβρίου 2013 - 12:38

Turkey's Zorlu Enerji said on Monday its wholly-owned unit Zorlu Dogal Elektrik Uretimi has powered up the 20 megawatt (MW) second phase of its 80 MW Kizildere II geothermal plant in southwestern Turkey.

Israeli Warplanes Strike Syrian Military Base

Παρ, 1 Νοεμβρίου 2013 - 16:17

Israeli warplanes struck a military base near the Syrian city of Latakia on Wednesday in a bid to prevent weapons transfers to the regime's Lebanese allies Hezbollah, according to a U.S. official.

SocGen Says Visibility On Free Cash Flow Lacking at Shell

Παρ, 1 Νοεμβρίου 2013 - 16:17

Societe Generale downgrades Royal Dutch Shell (RDSB.LN) to "hold" from "buy" following poor 3Q results Thursday. Says there is a near-term lack of visibility on free cash flow.