English Edition

EU Considering How To Strengthen CO2 Market -Climate Chief

Τρι, 7 Φεβρουαρίου 2012 - 18:51

The European Union's executive body is considering how to strengthen the bloc's carbon market, the Commissioner for Climate Change said Tuesday, in a sign that the debate on how to boost carbon dioxide prices is catching the attention of the highest policy makers in the EU.

EU Energy Chief: EU Biofuel Policy Must Be Sustainable

Τρι, 7 Φεβρουαρίου 2012 - 18:51

The European Union has to make sure its biofuel policy is sustainable before moving beyond a current target it has set for 2020, the European Energy Commissioner said Tuesday.

Anadarko CEO: Shale Accounted For 10% Of Oil, Gas Output In 2011

Τρι, 7 Φεβρουαρίου 2012 - 18:51

Oil and gas from shale fields now account for 10% of Anadarko Petroleum Corp.'s (APC) production, up from 1% just a few years ago, Chief Executive Jim Hackett said Tuesday.

EU Raids Firms Managing Power Exchanges In Several Member States

Τρι, 7 Φεβρουαρίου 2012 - 18:50

The European Commission said it raided firms managing power exchanges in several member states Tuesday on suspicion of possible cartel practices.

Cyprus to Start Second Oil and Gas Licensing Next Week

Τρι, 7 Φεβρουαρίου 2012 - 18:36

Cyprus will announce a second hydrocarbons licensing round for oil and gas offshore in mid-February, its energy minister said on Tuesday.

Kick Off of the ENPI MED ALGAE Project “Production of Biodiesel from Algae in Selected Mediterranean Countries”

Δευ, 6 Φεβρουαρίου 2012 - 18:19

Nowadays the efforts have been intensified in order to find alternative fuels to replace petroleum products and reduce greenhouse gas emissions. One of the main problems with biodiesel is to have available sufficient raw material for production. A solution to this problem seems to be the cultivation of microalgae that are found in seawater or wastewater. The microalgae have a higher yield for biodiesel production in relation to energy crops.

Italy Gas Situation Critical; May Suspend Firms Supplies

Δευ, 6 Φεβρουαρίου 2012 - 18:17

Industry Minister Corrado Passera Monday said the situation of natural gas supplies to Italy is critical, but well monitored as domestic consumption reached a record high from the bitter cold and after supplies from Russian have been lower than requested for almost a week.

Iraq Resumes North Oil Exports After Weekend Halt - Shipper

Δευ, 6 Φεβρουαρίου 2012 - 18:17

Iraqi oil exports through the northern pipeline to the Turkish port of Ceyhan are running at around 550,000 barrels a day after a weekend interruption, a Middle East shipping agent told Dow Jones Newswires Monday.

French Power Grid Calls For Consumption Moderation Amid Cold

Δευ, 6 Φεβρουαρίου 2012 - 18:17

French power grid company Reseau de Transport d'Electricite, or RTE, Monday called on the country's local authorities to help moderate electricity consumption, which should reach a record high later in the day or Tuesday due to the unusually cold weather.

Italy's Rovigo LNG Plant At Lower Capacity Due To Heavy Seas

Δευ, 6 Φεβρουαρίου 2012 - 18:16

Terminale GNL Adriatico Srl, which owns one of Italy's two liquefied natural gas import facilities, said Monday the terminal is running on lower volumes as ships are unable to dock due to heavy sea conditions.

Obama Says US Has Good Fix On Iranian Nuclear Program

Δευ, 6 Φεβρουαρίου 2012 - 18:16

President Barack Obama said the United States had a good fix on the progress of Iran's nuclear program and had long prepared a military response in the Gulf should it become necessary.

EU Energy Chief Sees Decision On Caspian Gas Supply In 2-3 Months

Δευ, 6 Φεβρουαρίου 2012 - 18:15

The European Union's top energy official said Monday he expects there will be "irreversible decisions" within the next few months that will open the southern corridor to deliver natural gas from the Caspian region to central Europe.

Ocean Rig UDW Inc. Announces Three Year Drilling Contract for the Leiv Eiriksson

Δευ, 6 Φεβρουαρίου 2012 - 17:05

Ocean Rig UDW Inc, a global provider of offshore deepwater drilling services, today announced that it has signed a new drilling contract for its semisubmersible drilling rig “Leiv Eiriksson” with a consortium coordinated by Rig Management Norway for drilling on the Norwegian Continental Shelf.