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EU to Delay Full Tariffs on China Solar Panels

EU to Delay Full Tariffs on China Solar Panels

The European Union will delay for two months the full impact of import tariffs it planned to put on Chinese solar panel equipment, to allow Chinese manufacturers to negotiate a settlement with European authorities that could defuse one of the biggest disputes over unfair trade in recent decades, officials said Tuesday.

Romania Cuts Incentives for Green Energy

Romania Cuts Incentives for Green Energy

Romania's center-left government on Tuesday adopted a decree cutting incentives to renewable energy producers, which experts say will deter investment in a booming industry.

EURELECTRIC Award 2013 honours IEA Chief Economist, Dr Fatih Birol

EURELECTRIC Award 2013 honours IEA Chief Economist, Dr Fatih Birol

This year's EURELECTRIC Award goes to Dr. Fatih Birol, Chief Economist of the International Energy Agency (IEA), for his outstanding contribution to improving understanding of the opportunities and challenges facing the power sector. The winner was announced at the EURELECTRIC Annual Convention in Bologna today.

Greece Announces Plan to Setup a National Hyrdocarbon Company

Greece Announces Plan to Setup a National Hyrdocarbon Company

Greece's Prime Minister Antonis Samaras on Tuesday announced plans for setting up a "national hydrocarbon company" to prospect for natural gas and oil deposits in the Aegean and Ionian seas reports Kathimerini.

Total CEO Sees More European Refineries Closing in Coming Years

Total CEO Sees More European Refineries Closing in Coming Years

More European refineries, including some in France, are likely to shut down in the coming years, as refined-oil products consumption is falling in the region, Total SA (TOT, FP.FR) Chairman and Chief Executive Christophe de Margerie said Sunday.

Gulf States Warn of Steps Against Lebanons Hezbollah

Gulf States Warn of Steps Against Lebanon's Hezbollah

Arab states of the Gulf could take measures against the Lebanese Shiite movement Hezbollah, openly involved in the Syrian conflict, the head of their six-member bloc said on Sunday.

Libya to Take Steps to Tighten Security in South

Libya to Take Steps to Tighten Security in South

Libya announced measures Sunday to tighten security in the south of the country and along its southern borders, after charges from its neighbors that the area has become a source of regional instability.

E.ON Confirms Deal to Import LNG from Canada

E.ON Confirms Deal to Import LNG from Canada

German utility E.ON SE (EOAN.XE) confirmed Monday it has reached an agreement with Canada's Pieridae Energy involving the delivery of liquefied natural gas, or LNG, from Canada, after The Wall Street Journal and other media agencies reported on the deal.

Greek PPC Renewables Q1 Net Profit Decreases

Greek PPC Renewables' Q1 Net Profit Decreases

Greek clean energy firm PPC Renewables SA has experienced a drop in first quarter net profit to EUR 400,000 (USD 521,000) from EUR 900,000 a year earlier, its parent, Public Power Corp (ATH:PPC), said yesterday.

Eni Sells 6.7% of Galp for EUR677.6M

Eni Sells 6.7% of Galp for EUR677.6M

Italian energy giant Eni SpA (ENI.MI) Friday said it had sold 6.7% of smaller Portuguese peer Galp Energia SGPS SA (GALP.LB) for 677.6 million euros ($883.1 million).

South Korea Outlines Energy-Saving Measures After Reactor Shutdown

South Korea Outlines Energy-Saving Measures After Reactor Shutdown

It will be a hotter-than-average summer in South Korean offices this summer if companies comply with energy-saving measures the government is implementing to avert power disruptions following the sudden shutdown of two nuclear reactors this week after it was ascertained that they were operating with fabricated certificates for some components.

Gazprom Exec: May Delay Shtokman for A Future Generation

Gazprom Exec: May Delay Shtokman for A Future Generation

OAO Gazprom (GAZP.RS) could delay the development of its flagship Shtokman gas field in the Artic for "a future generation," a deputy chairman of the state gas giant's board was quoted as saying Friday.

Oil Market Shrugs Off OPEC Output Decision

Oil Market Shrugs Off OPEC Output Decision

OPEC's decision Friday to retain its production ceiling of 30 million barrels a day came as no surprise to the oil markets, with the lack of movement having been heavily flagged in the runup to the producer group's meeting.