English Edition

A Household in Cyprus Spent 1.500 euro on its Energy Needs

Παρ, 7 Οκτωβρίου 2011 - 14:14

A typical household in Cyprus is estimated to have spent nearly 1.500 euro on its energy needs in 2009, according to the Statistical Service. On the basis of the results of an ad hoc survey carried out by the Statistical Service in 2009, a typical household in Cyprus is estimated to consume for its total energy needs a quantity of 1.142 kgoe (kilograms of oil equivalent) and to spend an amount of 1.374 euro.

Turkey: Bidding Deadline for Stake of Başkent Doğalgaz was Postponed

Παρ, 7 Οκτωβρίου 2011 - 14:13

The bidding deadline for an 80 percent stake of Turkey's Başkent Doğalgaz, Ankara’s natural gas distribution company, was postponed to Jan. 27, 2012, according to a notification from the Privatization Administration in the Official Gazette reports Hurriyet.

Top Scientists Condemn EU Land Use Values for Biofuels

Παρ, 7 Οκτωβρίου 2011 - 14:12

Over 100 top scientists and economists have written to the European Commission calling for indirect land use change (ILUC) to be accounted for in EU biofuels policy making. The letter, seen by EurActiv, argues that assigning biofuels a zero or "carbon neutral" emissions value – as the EU has done – “is clearly not supported by the [best available] science”.

Greece To Invite Oil Exploration In January

Πεμ, 6 Οκτωβρίου 2011 - 18:26

Greece in January will invite offers for oil exploration off its western shores in the hopes of tapping reserves of some 280 million barrels, the junior energy minister said Thursday.

RWE, Gazprom To Continue Power Market JV Talks To End 2011

Πεμ, 6 Οκτωβρίου 2011 - 18:24

German utility RWE AG (RWE.XE) said Thursday it has agreed to extend talks with Russian natural gas monopoly Gazprom OAO (GAZP.RS) to examine a possible electricity production joint venture in western Europe.

German Environment Minister: No Plans For More Solar Subsidy Cuts

Πεμ, 6 Οκτωβρίου 2011 - 18:24

Germany's Environment Minister Norbert Roettgen said Thursday that the government doesn't plan to further reduce subsidies for photovoltaic solar energy facilities, such as rooftop installations.

Russia: Total and Novatek to Join Forces for Development of Yamal LNG

Πεμ, 6 Οκτωβρίου 2011 - 18:23

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) today signed with Novatek the final agreements to jointly develop the Yamal LNG project, becoming the main international partner on this gas liquefaction project with a 20% share. Novatek intends to keep at least 51% interest in the project.

Putin: Russia May Liberalize Gas Export Market Someday

Πεμ, 6 Οκτωβρίου 2011 - 18:23

Russian Prime Minister Vladimir Putin on Thursday said the country may liberalize its natural gas export market, currently controlled by state-controlled OAO Gazprom (GAZP.RS).

Turkey To Keep On Gas Search In The Mediterranean

Πεμ, 6 Οκτωβρίου 2011 - 18:23

Turkey will continue searching for gas and oil in the Mediterranean, where the rival Greek Cypriot government has already started drilling, the Turkish energy minister said Thursday.

Unrest In Saudi's Oil-Rich East Province, Foreign Country Blamed

Τετ, 5 Οκτωβρίου 2011 - 17:57

Saudi Arabia said unrest in a Shiite Muslim town in the oil-rich Eastern province was the work of an unidentified "foreign country" seeking to undermine the kingdom's stability.

Eni Says Italy Retail Bond Sale Worth Up To EUR1.35 Bln

Τετ, 5 Οκτωβρίου 2011 - 17:56

Eni SpA (E), Italy's biggest energy company by market value, said the six-year bond it will sell to households will be worth up to EUR1.35 billion, more than originally planned, on higher demand.

OPEC Chief: Piracy May Spread If No Onshore Solution

Τετ, 5 Οκτωβρίου 2011 - 17:56

Somalian piracy could spread further unless an onshore solution is found, the secretary general of the Organization of Petroleum Exporting Countries said in an interview published Tuesday.

One Person Seriously Injured In BP Germany Refinery Fire

Τετ, 5 Οκτωβρίου 2011 - 17:55

A fire at BP PLC's (BP.LN) Lingen refinery Tuesday left one person seriously injured with severe burns, the company and local police said Wednesday.

Shell: More Than 100 Oil Wells Drilled In Jordan In 2 Years

Τετ, 5 Οκτωβρίου 2011 - 17:54

Royal Dutch Shell PLC (RDSA) has drilled more than 100 wells in Jordan in the two years since it a concession agreement to explore for oil from the country's vast oil shale reserves, a person familiar with the project said.

OMV To Price EUR500M 10-Year Bond Issue At Tighter End

Τετ, 5 Οκτωβρίου 2011 - 17:53

Austrian oil and gas group OMV AG (OMV.VI) has tightened price guidance on its EUR500 million, 10-year bond issue, at 185 basis points over midswaps, one of the banks running the deal said Wednesday.

Bulgaria's Belene NPP Project Passes Safety Stress-Test

Τετ, 5 Οκτωβρίου 2011 - 14:46

The project for Bulgaria's second nuclear power plant in Belene has met the international "stress-test" safety requirements, announced Russian state company Atomstroyexport, which is supposed to construct the Belene NPP.