English Edition

EU Shouldn't Threaten Iran Oil Ban -Senior Adviser To Qatar Emir

Τρι, 6 Δεκεμβρίου 2011 - 18:49

The European Union shouldn't threaten to ban imports of Iranian crude oil as part of sanctions against the country's nuclear program because it will ultimately prove damaging to the oil industry, Ibrahim Al Ibrahim, economic adviser to the Emir of Qatar, said Tuesday.

RWE Raises EUR2.1B In Crucial Capital Increase

Τρι, 6 Δεκεμβρίου 2011 - 18:48

RWE AG (RWE.XE) said Tuesday it expects gross proceeds of around EUR2.1 billion from a capital increase it carried out in response to Germany's decision earlier this year to accelerate its planned exit from nuclear energy, hitting the company's earnings and cash flows.

Ocean Rig Approves $500M Share, Notes Buyback Program

Τρι, 6 Δεκεμβρίου 2011 - 18:48

Ocean Rig UDW Inc.'s (ORIG) board approved a stock buyback program of up to $500 million in stock and the company's 9.5% senior unsecured notes due 2016.

High Saudi Oil Prices Seen Drawing Crude East

Τρι, 6 Δεκεμβρίου 2011 - 18:48

A steep hike in oil prices for Asian buyers of Saudi Arabian crude in January could prompt more oil to flow east from the West African market and Atlantic Basin, analysts said Tuesday.

UN's Ban: Leaders Must Take Responsibility For Climate Talks

Τρι, 6 Δεκεμβρίου 2011 - 18:47

The slow pace of progress in United Nations-led climate talks is the fault of leaders distracted by domestic political crises, the United Nations' secretary-general said Tuesday, as he urged them to continue work toward a binding climate deal.

IEA Says Action Needed Now to Sustainably Enhance Energy Security and Avert Climate Change

Τρι, 6 Δεκεμβρίου 2011 - 16:57

International Energy Agency Executive Director Maria van der Hoeven today called on countries to step up efforts to avert climate change, noting that to do so requires addressing their energy security concerns in a sustainable manner.

Credit Crunch Stalls Solar Energy Deals

Τρι, 6 Δεκεμβρίου 2011 - 15:42

Lack of credit in the market is likely to see the deadline for the installation and operation of photovoltaics to the capacity of 200 megawatts being missed.

Iran OPEC Governor: Producers, Consumers Like Current Oil Prices

Δευ, 5 Δεκεμβρίου 2011 - 18:50

A top Iranian oil official said Monday that both producers and consumers are happy with the current oil prices and that the Organization of Petroleum Exporting Countries will have to discuss demand in the first half of next year when it meets in Vienna Dec. 14.

GE Signs $300M Contract With Saudi Electricity To Expand Power Plants

Δευ, 5 Δεκεμβρίου 2011 - 18:50

General Electric Co. (GE) signed a $300 million contract with Saudi Electricity Co. (5110.SA) to expand six power plants across Saudi Arabia in order to meet increased power demand and avoid blackouts.

China Sets Tough Conditions For Binding Climate Agreement After 2020

Δευ, 5 Δεκεμβρίου 2011 - 18:49

China could agree to binding emissions cuts after 2020 if developed countries take far-reaching steps to mitigate climate change by then, a top Chinese official said Monday, in a subtle shift that could put the onus on countries such as the U.S. to take action.

Greenpeace Fuels Concern About Nuclear Power

Δευ, 5 Δεκεμβρίου 2011 - 18:48

Even though it was short-lived and ended peacefully, Greenpeace activists' infiltration of one of France's nuclear plants Monday proved a point: the country's nuclear plants' security might not be as tight as it should be.

Noble Energy To Issue 10-Yr Bonds In US Bond Market Monday

Δευ, 5 Δεκεμβρίου 2011 - 18:47

Noble Energy Inc. (NBL) intends to issue an undetermined amount of 10-year bonds in the U.S. bond market Monday, according to a person familiar with the issue.

Vattenfall Stops EUR1.5B Investment In German CCS Plant

Δευ, 5 Δεκεμβρίου 2011 - 18:47

Swedish state-owned utility Vattenfall AB Monday announced the energy company will stop its plans for a carbon capture and storage demonstration plant in Germany due to lack of political will in the country, abandoning a EUR1.5 billion investment.